Fact sheet: Scot Eq Legal &GnrlUK Prop Pn

Fund information
Fund name
Scot Eq Legal & General UK Property Pn (ARC)
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Michael Barriesince 01/02/2006
  • Matt Jarvissince 01/01/2010
Underlying fund
L&G UK Property
Fund objective
The fund aims to provide the potential for long-term growth by investing in a diverse portfolio of UK commercial properties. Important information about property: Please note - you may not be able to cash in or switch out of any fund investing wholly or partly in direct property when you want to. We may have to delay your payment for up to 12 months if market conditions make it hard for the manager of the fund to sell properties at a fair price.
Benchmark
  • IA - Property
Investment style
None
Investment method
Physical
Quick stats
1 Year return
1.6%
1 Year rank in sector
47/159
Sector
PN UK Direct Property
Yield
-
Fund size
£32m (£34m 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.
172
Top in this sector
Fund name1 Year
Guardian Property Pn15.2%
Guardian Choices Property Pn15.2%
Zurich L&G Property Pn8.1%
OMW IPL Aviva Lm Prp Pn7.4%
FL Property AP5.9%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • Money Market27%
    Midlands16.7%
    Central London11.1%
    South East UK10.2%
    Yorkshire & Humberside6.2%
  • Cash & Cash Equivalents27%
    Offices - Property26.5%
    Industrials19%
    Warehouse - Property9.3%
    Others5.2%
  • Physical Property68%
    Cash & Cash Equivalents26.9%
    Property Shares5%
    Money Market0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%1.5%-6.7%1.6%28.6%35.8%
Sector0.7%2.5%-2.4%-1.4%24.6%33.2%
Rank within sector10 / 161111 / 160150 / 15947 / 15957 / 15462 / 149
Quartile1st3rd4th2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-4.3%16.7%8.6%8.2%3.2%
Sector-1.7%9.7%14.3%6.9%1%
Rank within sector117 / 1599 / 158146 / 15454 / 15223 / 149
Quartile3rd1st4th2nd1st
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.
1.41
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.
1.01
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.
0.46
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%.
11.51
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.
10.92
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.
0.08
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.
0.09
Price movement
52 week high145.77
52 week low120.29
Current bid price-
Current offer price-
Current mid price136.01
Region
1Money Market27.04%
2Midlands16.71%
3Central London11.06%
4South East UK10.17%
5Yorkshire & Humberside6.15%
6Scotland5.55%
7Not Specified5%
8North West UK4.47%
9Northern UK3.53%
Industry sector
1Cash & Cash Equivalents27.04%
2Offices - Property26.53%
3Industrials19.01%
4Warehouse - Property9.3%
5Others5.23%
6Retail - Property5.01%
7Indirect Property5%
8Leisure2.88%
Asset type
1Physical Property67.96%
2Cash & Cash Equivalents26.86%
3Property Shares5%
4Money Market0.18%
Individual holdings
No data available.
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The fund aims to provide the potential for long-term growth by investing in a diverse portfolio of UK commercial properties. Important information about property: Please note - you may not be able to cash in or switch out of any fund investing wholly or partly in direct property when you want to. We may have to delay your payment for up to 12 months if market conditions make it hard for the manager of the fund to sell properties at a fair price.
Benchmark
  • IA - Property
Investment style
None
Investment method
Physical
Fund managers
NameSinceBiography
Michael Barrie01/02/2006Michael Barrie is a Director of LGP with specific responsibility for the Balanced Property Funds Portfolio (c.£3.4bn as at March 2010), including the L&G LPI Income Property Fund and the L&G Managed Property Fund. Michael joined LGP in 2005 having previously been a director of F&C Property Asset Management and lead fund manager for the RSA Life Unitised Fund & RSA Pension Unitised Fund. Over the last three calendar years of Michael’s management of these funds they outperformed the IPD benchmark by 2.0% and 1.1% per annum respectively. The Life Unitised Fund received the IPF/IPD/EG award for best 3-year rolling performance (Funds between £50m and £200m) in 2002. He also established and managed the ISIS Property Trust and the ISIS Property Trust 2 which were listed on the London Stock Exchange. Michael holds a degree in Land Economics, a post graduate diploma in Property Investment and is a Member of the Royal Institution of Chartered Surveyors (MRICS) and the Association of British Insurers Property Group.
Matt Jarvis01/01/2010Matt Jarvis joined Legal & General Property as an asset manager in November 2004 and is Co-Fund Manager of the UK Property Trust, having previously been a Commercial Valuer with Jones Lang LaSalle. Matt holds a degree in Land Management from Reading University and is a Member of the Royal Institution of Chartered Surveyors (MRICS).
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Legal & General UK Property Pn
Initial charge-
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.8%
Bid price126.1675
Offer price132.8079
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMJY8
Scot Eq Legal & General UK Property Pn (ARC)
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price136.0072
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00LT
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.