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
3.9%
1 Year rank in sector
123/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£12m (£13m 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
130.0767
Offer price
136.9228
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.4%
Canlife AXA Fram Mgd Inc Pn9.4%
OMW AXA Framlington Mgd Inc9.4%
FL Artemis Stra Bd AP8.3%
FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK45.2%
    USA15.4%
    Continental Europe6.1%
    Latin America5.8%
    Canada5.5%
  • Investment Grade Bonds26.5%
    High Yield Bond23.4%
    Government Bonds19.5%
    Financials10.4%
    Investment Grade Government Bonds8.2%
  • European Fixed Interest28.2%
    North American Fixed Interest27.4%
    UK Corporate Fixed Interest18.1%
    Money Market14%
    Global Emerging Market Fixed Interest10.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-3.8%0.4%3.9%12.7%27.8%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector164 / 172158 / 172156 / 172123 / 16889 / 155124 / 143
Quartile4th4th4th3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund5%-1.3%8.5%1.1%11.5%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector100 / 168142 / 16322 / 155143 / 151131 / 143
Quartile3rd4th1st4th4th
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.
-0.48
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.
0.11
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%.
4.2
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.
2.21
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.
-0.02
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.
0.73
Price movement
52 week high135.22
52 week low122.89
Current bid price130.08
Current offer price136.92
Current mid price-
Region
1UK45.16%
2USA15.42%
3Continental Europe6.1%
4Latin America5.83%
5Canada5.49%
6Australasia5.19%
7Europe4.88%
8France4.61%
9Germany3.61%
Industry sector
1Investment Grade Bonds26.5%
2High Yield Bond23.42%
3Government Bonds19.45%
4Financials10.36%
5Investment Grade Government Bonds8.16%
6Asset/Mortgage-Backed Securities5.69%
7Index Linked5.26%
8Money Market2.96%
9Others1.81%
Asset type
1European Fixed Interest28.15%
2North American Fixed Interest27.41%
3UK Corporate Fixed Interest18.11%
4Money Market13.95%
5Global Emerging Market Fixed Interest10.58%
6Asia Pacific ex Japan Fixed Interest10.5%
7UK Gilts10.2%
8Others0.82%
9Convertibles0.35%
Individual holdings
1TREASURY 5% GILT 07/03/18 GBP8.89%
2ONTARIO(PROVINCE OF) 0.024% BDS 02/06/26 CAD12.89%
3FIL INVESTMENT MANAGEMENT(LUX)SA INSTITUTIONAL EURO HIGH YIELD I EUR ACC1.85%
4NEW ZEALAND 2.5% BDS 20/09/35 NZD10001.65%
5FIDELITY INSTITUTIONAL LIQUIDITY GBP A DIS1.6%
6ONTARIO(PROVINCE OF) 3.45% BDS 02/06/45 CAD10001.3%
7QUEBEC(PROVINCE OF) 2.5% BDS 20/04/26 USD50001.28%
8ARGENTINA(REPUBLIC OF) 18.2% BDS 03/10/21 ARS10001.14%
9FIL INVESTMENT MANAGEMENT(LUX)SA EMERGING MARKETS INFL LKD BD Y USD ACC1.14%
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 price130.0767
Offer price136.9228
Mid price-
CurrencyGBX
Price updated08/12/2016
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 price133.8383
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00HQ
Data provided by

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