Fact sheet: Scot Eq Lazard UK Alpha Pn

Fund information
Fund name
Scot Eq Lazard UK Alpha Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Alan Custissince 25/02/2005
  • Lloyd Whitworthsince 30/06/2010
Underlying fund
Lazard UK Omega
Fund objective
This fund aims to achieve long-term growth by investing in a concentrated portfolio of between 25 and 35 carefully selected shares of UK companies across a number of industrial sectors. The fund invests in companies regardless of size but tends to have a bias towards large companies. It invests directly into the underlying Lazard UK Omega fund.
Benchmark
  • FTSE All Share TR
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
25%
1 Year rank in sector
-
Sector
PN UK All Companies
Yield
-
Fund size
£9m (£8m 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.
99
Bid price
169.2801
Offer price
178.1896
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn68.9%
Fidelity UBS UK Select Pn38.7%
Pru M&G Recovery Pn38.4%
Halifax IM UK Growth Pn38.3%
CM UBS UK Opportunities Pension38.1%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK90.8%
    North America5.9%
    Global Emerging Markets2.1%
    Money Market1.2%
  • Financials25.9%
    Oil & Gas16.8%
    Consumer Services12.9%
    Industrials10.7%
    Consumer Goods9.3%
  • UK Large Cap Companies63.5%
    UK Mid Cap Companies18.1%
    UK Small Cap Companies9.2%
    North American Equities5.9%
    Global Emerging Market Equities2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%6.4%8.2%25%14.9%50.7%
Sector1.9%7%6.9%20.5%16.4%56.3%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund2.7%15.4%-0.5%-0.5%23.3%
Sector2.9%10.2%4.4%0.6%24.2%
Rank within sector-----
Quartile
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.
0.23
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.
0.98
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.
0.24
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%.
10.1
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.
3.37
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.
0.01
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.
0.89
Price movement
52 week high169.58
52 week low132.33
Current bid price169.28
Current offer price178.19
Current mid price-
Region
1UK90.77%
2North America5.93%
3Global Emerging Markets2.07%
4Money Market1.24%
Industry sector
1Financials25.9%
2Oil & Gas16.8%
3Consumer Services12.9%
4Industrials10.7%
5Consumer Goods9.3%
6Basic Materials8.6%
7Health Care8.1%
8Telecommunications6.5%
9Money Market1.2%
Asset type
1UK Large Cap Companies63.51%
2UK Mid Cap Companies18.1%
3UK Small Cap Companies9.16%
4North American Equities5.93%
5Global Emerging Market Equities2.07%
6Money Market1.24%
Individual holdings
1ROYAL DUTCH SHELL7.5%
2BP PLC6.9%
3BRITISH AMERICAN TOBACCO PLC6.8%
4RIO TINTO PLC6.1%
5BARCLAYS PLC4.9%
6PRUDENTIAL PLC4.9%
7BT GROUP4%
8SHIRE PLC4%
9AVIVA3.6%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund aims to achieve long-term growth by investing in a concentrated portfolio of between 25 and 35 carefully selected shares of UK companies across a number of industrial sectors. The fund invests in companies regardless of size but tends to have a bias towards large companies. It invests directly into the underlying Lazard UK Omega fund.
Benchmark
  • FTSE All Share TR
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Alan Custis25/02/2005Alan Custis is a Portfolio Manager/Analyst on our UK Equity Team, responsible for managing UK equity portfolios. He joined Lazard Asset Management Limited in 2004 and his investment experience began in 1989. Prior to joining Lazard, Alan worked for JP MorganFleming for five years in a variety of UK roles including heading their mid-cap initiative and more recently as a member of the UK large cap team. Previously, he worked at Hill Samuel Asset Management where he was Head of Small Cap investment and at Morgan Grenfell Securities as a derivatives trader. Alan holds a Business degree with Honours from Staffordshire University in 1986.
Lloyd Whitworth30/06/2010Lloyd Whitworth is a Portfolio Manager/Analyst on the UK Equity team. He began working in the investment field in 1991. Prior to joining Lazard in 2009, Lloyd held UK fund management positions at Citigroup, Morley Fund Management, JP Morgan Asset Management, First State Asset Management and Dresdner RCM. Lloyd has a degree in Economics and Business Finance from Brunel University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Lazard UK Alpha 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 price169.2801
Offer price178.1896
Mid price-
CurrencyGBX
Price updated22/02/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeRY98
Scot Eq Lazard UK Alpha 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 price174.9146
CurrencyGBX
Price updated22/02/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code00LQ
Data provided by

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