Fact sheet: Scot Eq Hend Strat Bd Pn

Fund information
Fund name
Scot Eq Henderson Strategic Bond Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • John Pattullosince 21/10/1999
  • Jenna Barnardsince 01/01/2006
Underlying fund
Henderson Strategic Bond
Fund objective
The fund aims to provide a return by investing in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares and other bonds. The fund may also invest in equities. It may also invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and unit in collective investment schemes. The fund may 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.
Benchmark
  • IA Sterling Strategic Bond
Investment style
Strategic Investment
Investment method
None, Fixed Interest
Quick stats
1 Year return
3.3%
1 Year rank in sector
144/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£28m (£22m 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.
21
Bid price
153.8553
Offer price
161.9529
Top in this sector
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OMW AXA Framlington Mgd Inc9.4%
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FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • North America33.6%
    UK30.2%
    Europe22.5%
    Money Market10.7%
    Asia Pacific2%
  • BBB37.6%
    BB23.5%
    Money Market10.9%
    A7.4%
    B7%
  • Global Investment Grade Fixed Interest46.3%
    UK High Yield Fixed Interest11.9%
    European High Yield Fixed Interest11.5%
    Money Market10.7%
    North American High Yield Fixed Interest9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-2.9%1.3%3.3%14%41.2%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector136 / 172133 / 172141 / 172144 / 16873 / 15573 / 143
Quartile4th4th4th4th2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.5%2.6%6.8%4.7%18.5%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector148 / 16827 / 16343 / 155101 / 15150 / 143
Quartile4th1st2nd3rd2nd
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.
0.17
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.
1.04
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.
0.23
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%.
3.54
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.
1.21
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.
0.25
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.
0.88
Price movement
52 week high158.69
52 week low145.44
Current bid price153.86
Current offer price161.95
Current mid price-
Region
1North America33.65%
2UK30.15%
3Europe22.52%
4Money Market10.7%
5Asia Pacific2.04%
6Japan0.93%
Industry sector
1BBB37.6%
2BB23.5%
3Money Market10.9%
4A7.4%
5B7%
6Others6.9%
7AAA2.5%
8CCC2.3%
9Non-Rated1%
Asset type
1Global Investment Grade Fixed Interest46.26%
2UK High Yield Fixed Interest11.86%
3European High Yield Fixed Interest11.48%
4Money Market10.7%
5North American High Yield Fixed Interest9.02%
6North American Fixed Interest4.98%
7Asia Pacific ex Japan Government Fixed Interest2.04%
8European Fixed Interest1.94%
9Preference Shares1.17%
Individual holdings
1TREASURY 2% GILT 22/07/20 GBP0.011.6%
2AT&T 4.75% 20461.5%
3DIAMOND 1 FIN/DIAMOND 2 8.1% BDS 15/07/36 USD1000 REG S1.5%
4BARCLAYS BANK 6.278% 20491.4%
5HBOS STERLING FINANCE JERSEY 7.881% 20491.4%
6BNP PARIBAS 7.195% 20491.3%
7DAILY MAIL & GENERAL TRUST 5.75% BDS 7/12/18 GBP(VAR)1.3%
8SKY PLC 3.75% SNR UNSEC NTS 16/09/24 USD 144A1.3%
9BUPA FINANCE 6.125% 20491.2%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The fund aims to provide a return by investing in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares and other bonds. The fund may also invest in equities. It may also invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and unit in collective investment schemes. The fund may 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.
Benchmark
  • IA Sterling Strategic Bond
Investment style
Strategic Investment
Investment method
None, Fixed Interest
Fund managers
NameSinceBiography
John Pattullo21/10/1999John Pattullo is the Co-Head of Strategic Fixed Income at Henderson. With more than 20 years of experience investing in the credit markets, John co-manages a number of funds with Jenna Barnard. Prior to joining Henderson in 1997, John spent four years as a chartered accountant at PricewaterhouseCoopers. John has an MA (Hons) in Economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland and an Associate Member of the Society of Investment Professionals.
Jenna Barnard01/01/2006Jenna Barnard is Co-Head of Strategic Fixed Income, co-managing a number of funds alongside John Pattullo. Jenna joined Henderson in 2002 as a credit analyst and progressed to Credit Portfolio Manager in 2004. Prior to joining Henderson, Jenna worked as an investment analyst with Orbitex Investments. Jenna holds a first class BA (Hons) degree in Politics, Philosophy & Economics from Oxford University. She is a CFA charterholder, and an affiliate member of UKSIP. Jenna is a Member of the Society of Technical Analysts having passed the STA Diploma exam.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Henderson Strategic Bond Pn
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.6%
Bid price153.8553
Offer price161.9529
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGNE2
Scot Eq Henderson Strategic Bond Pn (ARC)
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price146.7292
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00HV
Data provided by

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