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
14.8%
1 Year rank in sector
65/795
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£8,526m (£7,155m 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.
76
Bid price
191.4234
Offer price
201.4983
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn22.5%
FL My Ftr Adv Gth XE/IE Pn21.6%
Scot Eq Ext Bal Coll (ex MLC) Pn20%
FL Tailored Adventurous Pfl Pn19.2%
FL My Ftr Advantage Gth Pn18.9%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK33%
    Continental Europe13.6%
    Others12.8%
    North America12.7%
    International8%
  • Financials20.2%
    Industrials14.3%
    Consumer Goods11.2%
    Consumer Services7.4%
    Government Bonds7.3%
  • UK Equities29.4%
    European Equities13.6%
    Others12.8%
    North American Equities12.7%
    Global Corporate Fixed Interest8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.1%10.5%14.8%23.3%44.6%
Sector-0.9%-1.2%7.9%10.1%20.9%47.1%
Rank within sector276 / 913248 / 912145 / 89465 / 795210 / 692390 / 595
Quartile2nd2nd1st1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund13.6%1.3%5.1%11.5%7.7%
Sector9.9%2.2%5.7%13.1%9.9%
Rank within sector101 / 800555 / 753351 / 692536 / 661514 / 596
Quartile1st3rd3rd4th4th
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.
-0.02
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.
1.12
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.
0.45
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%.
8.17
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.
2.12
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.
0.31
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.
0.94
Price movement
52 week high200.46
52 week low155.86
Current bid price191.42
Current offer price201.5
Current mid price-
Region
1UK33.01%
2Continental Europe13.58%
3Others12.77%
4North America12.72%
5International8%
6Money Market7.08%
7Japan5.66%
8Asia Pacific ex Japan3.7%
9USA3.48%
Industry sector
1Financials20.19%
2Industrials14.3%
3Consumer Goods11.16%
4Consumer Services7.43%
5Government Bonds7.29%
6Health Care7.25%
7Oil & Gas6.02%
8Technology4.66%
9Basic Materials4.41%
Asset type
1UK Equities29.44%
2European Equities13.58%
3Others12.77%
4North American Equities12.72%
5Global Corporate Fixed Interest8%
6Cash & Cash Equivalents7.08%
7Japanese Equities5.66%
8Asia Pacific ex Japan Equities3.7%
9UK Gilts3.57%
Individual holdings
1BLACKROCK UK EQUITY TRACKER L24.15%
2BLACKROCK CONTINENTAL EUROPEAN EQUITY TRACKER L13.58%
3BLACKROCK NORTH AMERICAN EQUITY TRACKER L12.72%
4BLACKROCK OVERSEAS CORPORATE BOND TRACKER L ACC8%
5BLACKROCK JAPAN EQUITY TRACKER L5.66%
6BLACKROCK 100 UK EQUITY TRACKER D ACC5.28%
7BLACKROCK PACIFIC EX JAPAN EQUITY TRACKER L3.7%
8BLACKROCK UK GILTS ALL STOCKS TRACKER L3.57%
9BLACKROCK US EQUITY TRACKER D ACC3.48%
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 price191.4234
Offer price201.4983
Mid price-
CurrencyGBX
Price updated05/12/2016
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 price154.1148
CurrencyGBX
Price updated05/12/2016
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 price201.5029
Offer price201.5029
Mid price-
CurrencyGBX
Price updated05/12/2016
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 price201.7287
Offer price201.7287
Mid price-
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeAZ31
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