Fact sheet: Scot Eq JLT Growth Pn

Fund information
Fund name
Scot Eq JLT Growth Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Hilary Brownsince 12/06/2012
  • Darryn Lakesince 12/06/2012
Underlying fund
JLT Growth Pn
Fund objective
The fund aims to outperform the LIBOR 3 Month GBP rate by at least 4% a year (before charges) over rolling periods of three to five years with an annual volatility target under normal circumstances of between 6-10%. It does this by investing in a mix of funds including a core holding of diversified growth funds complimented by other investment types the fund manager thinks can add value. Volatility is measured using standard deviation, which shows how much the fund’s monthly returns have historically deviated from its average return. We measure standard deviation over three years and then express it as a yearly figure. Derivatives may be used for the purposes of efficient portfolio management (EPM).
Benchmark
  • LIBOR GBP 3 month
Investment style
Balanced
Investment method
Equity, Money Market, Fixed Interest
Quick stats
1 Year return
0.8%
1 Year rank in sector
784/796
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£0m (£0m 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.
32
Bid price
104.7656
Offer price
110.2796
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn26.4%
Scot Eq Sequel Adventurous Pn23.9%
Scot Eq Sequel Adven Jrny Pn23.9%
Scot Eq Caerus Pfl DRP 4 Pn23.2%
FL My Ftr Advantage Gth Pn22.2%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.2%1.2%0.8%7.1%-
Sector0.1%-0.1%8.9%11.9%22.7%49.3%
Rank within sector549 / 913586 / 912875 / 894784 / 796678 / 692-
Quartile3rd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund1%1.1%4%2.4%-
Sector11.5%2.2%5.7%13.1%9.9%
Rank within sector787 / 800585 / 753490 / 692654 / 661-
Quartile4th4th3rd4th
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.
-1.64
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.
0.58
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
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%.
4.49
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.
3.48
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.
-1.2
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.
0.83
Price movement
52 week high106.24
52 week low98.34
Current bid price104.77
Current offer price110.28
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1Others71.99%
2Global Fixed Interest10.34%
3Money Market9.33%
4Property8.34%
Individual holdings
1THREADNEEDLE MULTI ASSET FUND28.15%
2STANDARD LIFE GARS16.37%
3INVESTEC DGF15.12%
4BLACKROCK DC DIVERSIFIED GROWTH PN B12.36%
5STONE HARBOR MULTI ASSET CREDIT10.34%
6THREADNEEDLE PROPERTY INT - JLT BLENDED FUND8.34%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The fund aims to outperform the LIBOR 3 Month GBP rate by at least 4% a year (before charges) over rolling periods of three to five years with an annual volatility target under normal circumstances of between 6-10%. It does this by investing in a mix of funds including a core holding of diversified growth funds complimented by other investment types the fund manager thinks can add value. Volatility is measured using standard deviation, which shows how much the fund’s monthly returns have historically deviated from its average return. We measure standard deviation over three years and then express it as a yearly figure. Derivatives may be used for the purposes of efficient portfolio management (EPM).
Benchmark
  • LIBOR GBP 3 month
Investment style
Balanced
Investment method
Equity, Money Market, Fixed Interest
Fund managers
NameSinceBiography
Hilary Brown12/06/2012Hilary Brown is an Investment Manager with JLT Investment Management and co manager of JLT’s Growth Fund. Prior to this Hilary worked as an Investment Strategist for Alexander Forbes Group, where her responsibilities included asset allocation, fund selection and portfolio construction. Hilary has 12 years’ investment experience and is a CISI diploma holder.
Darryn Lake12/06/2012Darryn Lake is the Chief Investment Officer of JLT Investment Management and co manager of JLT’s Growth Fund. Prior to this Darryn was an Investment Manager at Charteris Treasury. Darryn has 19 years’ investment experience and is a CISI diploma holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq JLT Growth 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 price104.7656
Offer price110.2796
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGVRH
Data provided by

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