Fact sheet: Scot Eq Corp Bd Tracker Pn

Fund information
Fund name
Scot Eq Corporate Bond Tracker Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund manager
No data available.
No data available.
Fund objective
The fund aims to achieve a total return for investors by tracking closely the performance of the Markit iBoxx Sterling Non-Gilts Overall TR Index by investing in fixed income securities contained in the index. It does so by investing directly in the corporate bonds that make up the index and via other transferable securities that give exposure to those companies. The fund may also invest in permitted money market instruments, permitted deposits, and units in collective investment schemes. Derivatives and forward transactions may be used for the purpose of efficient portfolio management.
Benchmark
  • Markit iBoxx Sterling Non Gilts Overall
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
8.1%
1 Year rank in sector
40/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£48m (£2m 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.
43
Bid price
108.7083
Offer price
114.4298
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn15.9%
BlackRock DC AqOv 15 YCrp BdIx HP13.7%
AEGON Long Core Plus Pn13.5%
MetLife Fid Corp Bd 16yr Pn12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.6%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • No data available.
  • BBB31.3%
    A26%
    AAA19.3%
    AA14.2%
    Non-Rated8.1%
  • European Fixed Interest31.5%
    UK Corporate Fixed Interest27.7%
    Global Fixed Interest21.2%
    North American Fixed Interest11.1%
    Global Emerging Market Fixed Interest3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-5.6%2.2%8.1%18.2%-
Sector-1.3%-4.7%2.4%6.8%18.8%39.5%
Rank within sector170 / 265220 / 265145 / 26540 / 260127 / 235-
Quartile3rd4th3rd1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.4%-0.5%11.1%--
Sector7.5%0.2%10.5%1%13.5%
Rank within sector129 / 260204 / 24699 / 235--
Quartile2nd4th2nd
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.
-0.78
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.
1.1
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.
0.33
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%.
6.03
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.
1.39
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.
-0.16
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.
0.96
Price movement
52 week high115.92
52 week low100.06
Current bid price108.71
Current offer price114.43
Current mid price-
Region
No data available.
Industry sector
1BBB31.32%
2A26.04%
3AAA19.28%
4AA14.21%
5Non-Rated8.05%
6Money Market0.6%
7BB0.5%
Asset type
1European Fixed Interest31.47%
2UK Corporate Fixed Interest27.74%
3Global Fixed Interest21.24%
4North American Fixed Interest11.13%
5Global Emerging Market Fixed Interest3.31%
6Asia Pacific ex Japan Fixed Interest2.45%
7Others1.34%
8Money Market0.78%
9Japanese Fixed Interest0.37%
Individual holdings
1EURO INV BK 1.5%1%
2KREDITANST FUR WIE 6%0.8%
3EURO INV BK 5.625%0.7%
4EURO INV BK 1.375%0.6%
5EURO INV BK 6%0.6%
6KREDITANSTALT FUER WIEDERAUFBAU KFW 5.55% BDS 7/6/2021 GBP10000.5%
7EURO INV BK 5%0.4%
8EURO INV BK 5.375%0.4%
9KREDITANST FUR WIE 1%0.4%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The fund aims to achieve a total return for investors by tracking closely the performance of the Markit iBoxx Sterling Non-Gilts Overall TR Index by investing in fixed income securities contained in the index. It does so by investing directly in the corporate bonds that make up the index and via other transferable securities that give exposure to those companies. The fund may also invest in permitted money market instruments, permitted deposits, and units in collective investment schemes. Derivatives and forward transactions may be used for the purpose of efficient portfolio management.
Benchmark
  • Markit iBoxx Sterling Non Gilts Overall
Investment style
No data available.
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Corporate Bond Tracker 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 price108.7083
Offer price114.4298
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJBZP
Data provided by

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