Fact sheet: Scot Eq Balanced Passive Pn

Fund information
Fund name
Scot Eq Balanced Passive Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Stephen Walkersince 01/01/2013
Underlying fund
BlackRock NURS II Consensus 85
Fund objective
This fund aims to achieve long-term capital growth by investing mainly in UK and overseas equities (shares). The remainder is invested in fixed interest investments (bonds) and cash. The fund is passively managed, so it aims to broadly match the performance of the Association of British Insurers (ABI) Mixed Investment 40%-85% Shares sector average by investing in underlying tracker funds which represent the assets held by the sector average in the same proportions where possible. This means the fund may invest up to 85% of its value in equities while a minimum of 50% of the fund’s assets will be invested in established market currencies (US dollar, sterling and the euro), of which 25% must be in sterling (or assets that have been hedged back to sterling with the aim of eliminating currency risk). The fund’s performance may not always precisely track the average. For example, when market conditions offer particularly strong opportunities to actively managed funds, the fund’s returns may be lower than the sector average. The fund is managed by BlackRock, one of our external investment managers.
Benchmark
  • ABI Mixed Investment 40%-85% Shares
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
20.5%
1 Year rank in sector
164/863
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£8,076m (£7,221m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
77
Bid price
206.6414
Offer price
217.5173
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn31.1%
FL My Ftr Advantage Gth Pn29.6%
FL My Ftr Adv Gth XE/IE Pn29.1%
Scot Eq Ext Bal Coll (ex MLC) Pn28.6%
Scot Eq Sequel Adven Jrny Pn27.9%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK38.8%
    USA22.2%
    Money Market6.5%
    Japan6.2%
    France3.7%
  • Financials21.1%
    Industrials14.2%
    Consumer Goods11.2%
    Government Bonds8%
    Health Care7.4%
  • UK Equities31.2%
    US Equities16.1%
    Money Market6.5%
    US Fixed Interest5.6%
    Japanese Equities5.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%3.3%5.9%20.5%31%49.7%
Sector0.7%3.8%5%17%27.5%49.1%
Rank within sector704 / 904679 / 893377 / 892164 / 863208 / 705352 / 612
Quartile4th4th2nd1st2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.1%19%1.3%5.1%11.5%
Sector3.1%14.3%2.2%5.7%13.1%
Rank within sector569 / 89386 / 794557 / 747347 / 689539 / 662
Quartile3rd1st3rd3rd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.32
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.09
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.69
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
7.92
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.95
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.5
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high209.67
52 week low168.17
Current bid price206.64
Current offer price217.52
Current mid price-
Region
1UK38.79%
2USA22.21%
3Money Market6.49%
4Japan6.25%
5France3.7%
6Germany3.62%
7Switzerland2.91%
8Australia1.58%
9Netherlands1.34%
Industry sector
1Financials21.11%
2Industrials14.16%
3Consumer Goods11.2%
4Government Bonds7.96%
5Health Care7.41%
6Consumer Services7.41%
7Oil & Gas5.9%
8Technology4.75%
9Basic Materials4.74%
Asset type
1UK Equities31.21%
2US Equities16.12%
3Money Market6.49%
4US Fixed Interest5.6%
5Japanese Equities5.36%
6UK Gilts4.07%
7French Equities2.82%
8German Equities2.81%
9Swiss Equities2.7%
Individual holdings
1BLACKROCK UK EQUITY TRACKER L ACC24.87%
2BLACKROCK CONTINENTAL EUROPEAN EQUITY TRACKER L13.62%
3BLACKROCK NORTH AMERICAN EQUITY TRACKER L13.08%
4BLACKROCK OVERSEAS CORPORATE BOND TRACKER L ACC7.52%
5BLACKROCK 100 UK EQUITY TRACKER D ACC5.43%
6BLACKROCK JAPAN EQUITY TRACKER L5.36%
7BLACKROCK UK GILTS ALL STOCKS TRACKER L4.11%
8BLACKROCK PACIFIC EX JAPAN EQUITY TRACKER L3.78%
9BLACKROCK US EQUITY TRACKER D ACC3.72%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund aims to achieve long-term capital growth by investing mainly in UK and overseas equities (shares). The remainder is invested in fixed interest investments (bonds) and cash. The fund is passively managed, so it aims to broadly match the performance of the Association of British Insurers (ABI) Mixed Investment 40%-85% Shares sector average by investing in underlying tracker funds which represent the assets held by the sector average in the same proportions where possible. This means the fund may invest up to 85% of its value in equities while a minimum of 50% of the fund’s assets will be invested in established market currencies (US dollar, sterling and the euro), of which 25% must be in sterling (or assets that have been hedged back to sterling with the aim of eliminating currency risk). The fund’s performance may not always precisely track the average. For example, when market conditions offer particularly strong opportunities to actively managed funds, the fund’s returns may be lower than the sector average. The fund is managed by BlackRock, one of our external investment managers.
Benchmark
  • ABI Mixed Investment 40%-85% Shares
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Stephen Walker01/01/2013Steve Walker, Director and portfolio manager, is a member of the Beta Strategies Group. Within Beta Strategies, Mr. Walker is head of the Index Asset Allocation team in EMEA. Mr. Walker's service with the firm dates back to 2007, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was a portfolio manager in the Client Solutions team. Prior to joining BGI, Mr. Walker was a portfolio manager in the discretionary investment team at Coutts & Co bank for over 12 years.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Balanced Passive Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price206.6414
Offer price217.5173
Mid price-
CurrencyGBX
Price updated23/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAZ12
Scot Eq Balanced Passive Pn (ARC)
Initial charge-
Annual charge0.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price166.8173
CurrencyGBX
Price updated23/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code00JB
Scot Eq Balanced Passive Pn SC
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price217.5222
Offer price217.5222
Mid price-
CurrencyGBX
Price updated23/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAZ29
Scot Eq Balanced Passive Pn SH
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price217.7808
Offer price217.7808
Mid price-
CurrencyGBX
Price updated23/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAZ31
Data provided by

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