Fact sheet: Scot Eq Hi Yd Corp Bd Pn

Fund information
Fund name
Scot Eq High Yield Corporate Bond Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund manager
No data available.
No data available.
Fund objective
A defensive high yield fund that aims to perform broadly in line with the ABI £ High Yield sector median, net of fees, by investing in a mix of non-investment grade and investment grade corporate bonds of all maturities.
Benchmark
No data available.
Investment style
High Yield
Investment method
None
Quick stats
1 Year return
5.8%
1 Year rank in sector
43/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£77m (£90m 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.
29
Bid price
230.9052
Offer price
243.0581
Top in this sector
Fund name1 Year
Aviva Invtec M High Inc Pn12%
Aviva JPM Gbl HighYldBd Pn11%
L&G High Income Pn10.6%
LV= Investec Monthly Hi Inc Pn10.3%
OMW IPLPimUsHiYiBdPn10%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK89.4%
    Money Market10.6%
  • Corporate Bonds75.6%
    Cash & Cash Equivalents16.8%
    Asset/Mortgage-Backed Securities5.3%
    Government Guaranteed2.3%
    Convertibles1.4%
  • North American Fixed Interest31.2%
    European Fixed Interest23%
    Global Fixed Interest14.9%
    UK Corporate Fixed Interest14.8%
    Money Market11.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-2.9%2.8%5.8%14.2%39.5%
Sector-0.1%-0.6%4.4%7.7%14.7%46.9%
Rank within sector54 / 5757 / 5757 / 5743 / 5617 / 4938 / 46
Quartile4th4th4th4th2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund6.8%-0.5%7.1%4%15.9%
Sector9.4%-0.1%4.4%6.8%19.3%
Rank within sector47 / 5627 / 543 / 4947 / 4940 / 46
Quartile4th2nd1st4th4th
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.
0.22
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.
0.91
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.
0.21
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%.
4.4
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.
2.04
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.
0.79
Price movement
52 week high238.54
52 week low210.6
Current bid price230.91
Current offer price243.06
Current mid price-
Region
1UK89.4%
2Money Market10.6%
Industry sector
1Corporate Bonds75.6%
2Cash & Cash Equivalents16.8%
3Asset/Mortgage-Backed Securities5.3%
4Government Guaranteed2.3%
5Convertibles1.4%
6Government Bonds0.6%
7Derivatives-2%
Asset type
1North American Fixed Interest31.19%
2European Fixed Interest23.01%
3Global Fixed Interest14.88%
4UK Corporate Fixed Interest14.77%
5Money Market11.45%
6Global Emerging Market Fixed Interest1.18%
7Preference Shares0.89%
8Asia Pacific ex Japan Fixed Interest0.81%
9Others0.54%
Individual holdings
1ITRAXX EUR XOVER S25 5Y (SOLD PROTECTION EXPOSURE UNTIL 20/06/2021)1.8%
2VIRGIN MEDIA SEC F 5.5%1.1%
3CPUK FIN FRN1%
4FRONTIER COMMUNICATIONS CORP 10.5% BDS 15/09/22 USD 20001%
5NATL GRID ELEC TRA 7.375%0.9%
6NUMERICABLE SFR 7.375% BDS 01/05/26 USD2000000.9%
7ACCESS MIDSTREAM PRTNRS LP/ACM 4.875%0.8%
8CCO HLDGS LLC/CAP CORP 5.125% BDS 01/05/23 USD10000.8%
9KREDITANST FUR WIE 6%0.8%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
A defensive high yield fund that aims to perform broadly in line with the ABI £ High Yield sector median, net of fees, by investing in a mix of non-investment grade and investment grade corporate bonds of all maturities.
Benchmark
No data available.
Investment style
High Yield
Investment method
None
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq High Yield Corporate Bond 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 price230.9052
Offer price243.0581
Mid price-
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSQ27
Scot Eq High Yield Corporate Bond Pn (ARC)
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price142.5173
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00JP
Scot Eq High Yield Corporate Bond Pn SC
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price244.6002
Offer price244.6002
Mid price-
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeBX21
Scot Eq High Yield Corporate Bond Pn SH
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price228.3632
Offer price228.3632
Mid price-
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeAZ09
Data provided by

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