Fact sheet: Scot Eq BlkRk UK Abs Alpha Pn

Fund information
Fund name
Scot Eq BlackRock UK Absolute Alpha Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Nigel Ridgesince 28/03/2013
  • Nick Osbornesince 17/01/2008
Underlying fund
BlackRock UK Absolute Alpha
Fund objective
This fund aims to achieve a positive absolute return year on year by investing primarily in a portfolio of UK equities (shares) and UK equity-related securities (including derivatives) of companies incorporated or listed in the UK, although from time-to-time cash and near cash may be held. The fund may also invest in other transferable securities, permitted money market instruments, permitted deposits and units in collective investment schemes. It has the freedom to employ a number of investment strategies in order to help it achieve its objective and isn’t managed against any UK equity index. The fund will use derivatives in a number of ways to achieve its objectives. This means the fund could be exposed to additional risks and costs should the market move against it. The additional charge/expenses for this fund include a performance fee that will rise and fall depending on performance day to day - so the charge you pay may vary significantly from the figure quoted on the fund factsheet, which is based on recent past performance. Please refer to the 'Funds' section of our website for more details. There's no guarantee that either the target or positive returns will be achieved. The Scottish Equitable fund has higher charges and will therefore be less likely to meet this target. The fund is managed by BlackRock, one of our investment managers.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
1.1%
1 Year rank in sector
400/510
Sector
PN Specialist
Yield
-
Fund size
£10m (£11m 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.
26
Bid price
105.8864
Offer price
111.4594
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Performance snapshot

Holdings snapshot

  • UK100%
  • Consumer Services15.5%
    Financials13.7%
    Industrials5.3%
    Health Care4.3%
    Telecommunications3.4%
  • Money Market65.3%
    Others42.1%
    North American Fixed Interest2.1%
    UK Mid Cap Companies2%
    Global Fixed Interest1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%0.6%0.7%1.1%16.5%15.6%
Sector-1.8%-0.3%7.2%8.4%19.9%43%
Rank within sector23 / 546161 / 544413 / 531400 / 510212 / 386247 / 313
Quartile1st2nd4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.2%7.3%5.5%2.9%-0.3%
Sector8.9%2%7.2%11%7.7%
Rank within sector421 / 51459 / 450213 / 388269 / 357312 / 318
Quartile4th1st3rd4th4th
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.
4.33
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.
0.27
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.
0.53
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%.
4.89
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.
6.28
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.
-0.1
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.
0.1
Price movement
52 week high106.43
52 week low101.19
Current bid price105.89
Current offer price111.46
Current mid price-
Region
1UK100%
Industry sector
1Consumer Services15.47%
2Financials13.65%
3Industrials5.29%
4Health Care4.26%
5Telecommunications3.41%
6Oil & Gas2.93%
7Consumer Goods2.7%
8Utilities-0.15%
9Technology-0.33%
Asset type
1Money Market65.28%
2Others42.07%
3North American Fixed Interest2.05%
4UK Mid Cap Companies2%
5Global Fixed Interest1.46%
6Asia Pacific ex Japan Fixed Interest1.06%
7UK Small Cap Companies0.37%
8UK Large Cap Companies0.31%
9International Equities-14.59%
Individual holdings
1RELX PLC6.03%
2CARNIVAL CORP3.77%
3BRITISH AMERICAN TOBACCO3.75%
4LLOYDS BANKING GROUP PLC3.16%
5SHIRE PLC2.97%
6ROYAL DUTCH SHELL2.95%
73I GROUP2.51%
8BETTER CAPITAL2.31%
9INTERTEK GROUP2.23%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund aims to achieve a positive absolute return year on year by investing primarily in a portfolio of UK equities (shares) and UK equity-related securities (including derivatives) of companies incorporated or listed in the UK, although from time-to-time cash and near cash may be held. The fund may also invest in other transferable securities, permitted money market instruments, permitted deposits and units in collective investment schemes. It has the freedom to employ a number of investment strategies in order to help it achieve its objective and isn’t managed against any UK equity index. The fund will use derivatives in a number of ways to achieve its objectives. This means the fund could be exposed to additional risks and costs should the market move against it. The additional charge/expenses for this fund include a performance fee that will rise and fall depending on performance day to day - so the charge you pay may vary significantly from the figure quoted on the fund factsheet, which is based on recent past performance. Please refer to the 'Funds' section of our website for more details. There's no guarantee that either the target or positive returns will be achieved. The Scottish Equitable fund has higher charges and will therefore be less likely to meet this target. The fund is managed by BlackRock, one of our investment managers.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Nigel Ridge28/03/2013Nigel Ridge is a member of the UK Equity Team and a member of the UK and Pan European Model Portfolio Team in London. He joined us in 1994 after six years at Schroder Investment Management. Nigel has a BSc from Loughborough University.
Nick Osborne17/01/2008Nick Osborne, CFA, Director and portfolio manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Portfolio Management Group. He co-manages the UK Absolute Alpha Fund and is responsible for managing UK equity portfolios for institutional and retail investors and also covers the Utilities and Telecommunications sectors.Mr Osborne's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. He began his career with MLIM in 1999 as an investment analyst on the UK and Emerging Market teams.Mr. Osborne earned a BSc in Economics from Bristol University in 1999.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq BlackRock UK Absolute Alpha Pn
Initial charge-
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.9%
Bid price105.8864
Offer price111.4594
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDFV1
Scot Eq BlackRock UK Absolute Alpha Pn (ARC)
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price120.4797
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00HJ
Data provided by

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