Fact sheet: Scot Eq Fidelity Strtg Bd Pn

Fund information
Fund name
Scot Eq Fidelity Strategic Bond Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund manager
  • Ian Spreadburysince 17/04/2005
Underlying fund
Fidelity Strategic Bond
Fund objective
This fund aims to achieve a relatively high income with the possibility of capital growth from a portfolio invested mainly in sterling-denominated (or hedged back to sterling) fixed interest securities. The fund may also use derivatives and forward transactions for investment purposes. This means the fund could be exposed to additional risks and costs should the market move against it. The fund is managed by Fidelity, one of our investment managers.
Benchmark
  • Barclays Global Aggregate (GBP Hedged) Index
Investment style
High Yield
Investment method
None
Quick stats
1 Year return
5.6%
1 Year rank in sector
135/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£12m (£12m 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.
23
Bid price
131.2929
Offer price
138.2031
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc13.8%
AXA Wealth AXA Fram Mgd Inc Pn13.2%
Canlife AXA Fram Mgd Inc Pn13.1%
LV= Artemis High Income Pn12%
Aviva Art High Income Pn11%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK41.2%
    USA14.2%
    Latin America7%
    Continental Europe6.4%
    Canada5.2%
  • Investment Grade Bonds25.4%
    High Yield Bond23.6%
    Government Bonds15.6%
    Financials9.8%
    Investment Grade Government Bonds8.2%
  • UK Fixed Interest41.2%
    US Fixed Interest14.2%
    European Fixed Interest11.2%
    American Emerging Fixed Interest7%
    Canadian Fixed Interest5.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%-1.1%-0.8%5.6%12.1%27.3%
Sector1.2%0.7%2.6%7.5%12.9%38.2%
Rank within sector77 / 173156 / 172161 / 172135 / 168100 / 155123 / 143
Quartile2nd4th4th4th3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund0.8%5.3%-1.3%8.5%1.1%
Sector0.5%6.7%0.7%5.6%5.9%
Rank within sector51 / 173124 / 168142 / 16322 / 155143 / 151
Quartile2nd3rd4th1st4th
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.
-0.58
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.
0.13
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%.
4.19
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.
2.26
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.
0.71
Price movement
52 week high135.22
52 week low122.89
Current bid price131.29
Current offer price138.2
Current mid price-
Region
1UK41.18%
2USA14.17%
3Latin America7%
4Continental Europe6.36%
5Canada5.23%
6Australasia4.9%
7Europe4.85%
8France4.45%
9Germany3.31%
Industry sector
1Investment Grade Bonds25.38%
2High Yield Bond23.59%
3Government Bonds15.56%
4Financials9.8%
5Investment Grade Government Bonds8.16%
6Index Linked6.19%
7Asset/Mortgage-Backed Securities5.75%
8Foreign Exchange1.97%
9Others1.91%
Asset type
1UK Fixed Interest41.18%
2US Fixed Interest14.17%
3European Fixed Interest11.21%
4American Emerging Fixed Interest7%
5Canadian Fixed Interest5.23%
6Asia Pacific Fixed Interest4.9%
7French Fixed Interest4.45%
8German Fixed Interest3.31%
9Others2.89%
Individual holdings
1TREASURY 5% GILT 07/03/18 GBP5.91%
2ONTARIO(PROVINCE OF) 0.024% BDS 02/06/26 CAD12.82%
3BRAZIL(FEDERATIVE REPUBLIC OF) FR TB 15/05/21 BRL1000 B2.25%
4FIL INVESTMENT MANAGEMENT(LUX)SA INSTITUTIONAL EURO HIGH YIELD I EUR ACC1.77%
5NEW ZEALAND 2.5% BDS 20/09/35 NZD10001.57%
6ONTARIO(PROVINCE OF) 3.45% BDS 02/06/45 CAD10001.25%
7QUEBEC(PROVINCE OF) 2.5% BDS 20/04/26 USD50001.23%
8NEW ZEALAND(GOVERNMENT OF) 4.5% BDS 15/04/27 NZD10000001.09%
9ARGENTINA(REPUBLIC OF) 18.2% BDS 03/10/21 ARS10001.07%
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 relatively high income with the possibility of capital growth from a portfolio invested mainly in sterling-denominated (or hedged back to sterling) fixed interest securities. The fund may also use derivatives and forward transactions for investment purposes. This means the fund could be exposed to additional risks and costs should the market move against it. The fund is managed by Fidelity, one of our investment managers.
Benchmark
  • Barclays Global Aggregate (GBP Hedged) Index
Investment style
High Yield
Investment method
None
Fund manager
NameSinceBiography
Ian Spreadbury17/04/2005Ian Spreadbury is a Senior Portfolio Manager at Fidelity International with 30 years investment experience. Since joining Fidelity in 1995, he has been responsible for managing several of Fidelity's bond strategies. Previously, he worked for Legal and General in various positions including Senior Portfolio Manager (Bonds). Ian has a BSc in Pure & Applied Mathematics from University College of North Wales and an MSc in Mathematical Statistics from University of Sussex. He is also a Fellow of the Institute of Actuaries and is one of the most experienced fixed income managers in the industry.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Fidelity Strategic Bond Pn
Initial charge-
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.7%
Bid price131.2929
Offer price138.2031
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKMF9
Scot Eq Fidelity Strategic Bond Pn (ARC)
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price135.2339
CurrencyGBX
Price updated16/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code00HQ
Data provided by

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