Fact sheet: Scot Eq M&G Strtgc Crp Bd Pn

Fund information
Fund name
Scot Eq M&G Strategic Corporate Bond Pn (ARC)
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Richard Woolnoughsince 20/02/2004
  • Ben Lordsince 01/01/2007
Underlying fund
M&G Strategic Corp Bd
Fund objective
This fund aims to maximise total returns (the combination of capital growth and income) by investing mainly in investment grade, or good-quality, corporate bonds. The manager may also hold up to 20% of the fund in other fixed income investments, such as government bonds and high yield corporate bonds (which typically pay higher levels of interest to compensate investors for the greater risk of default). The fund may also hold cash, and near cash, deposits, warrants and money market instruments. The fund is managed by M&G.
Benchmark
  • IA £ Corporate Bond Sector
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
6%
1 Year rank in sector
161/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£46m (£56m 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.
27
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn13.4%
MetLife Fid Corp Bd 20yr Pn12.3%
L&G PMC AAAAAA CpBd Ov15Y Id Pn11.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn11.3%
FL TEActv Bln Bd IE11.1%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK47.6%
    USA27.2%
    France7.3%
    Money Market3.3%
    Germany3%
  • Mortgage & Secured Bonds17.8%
    Banks15%
    Telecommunications12.5%
    Consumer Goods9.4%
    Utilities7.8%
  • UK Corporate Fixed Interest46.7%
    US Corporate Fixed Interest26.6%
    French Corporate Fixed Interest6.2%
    Money Market3.3%
    German Corporate Fixed Interest3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-3.3%2.6%6%17%39.2%
Sector-1.4%-5.1%3.2%6.5%18.1%39.4%
Rank within sector59 / 26436 / 264172 / 264161 / 259144 / 234123 / 209
Quartile1st1st3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.4%0.7%9.8%2%12.7%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector180 / 25991 / 245157 / 23477 / 225125 / 209
Quartile3rd2nd3rd2nd3rd
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.
0.44
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.
0.83
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.
0.38
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%.
4.59
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.
1.55
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.
-0.33
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.
0.92
Price movement
52 week high140.99
52 week low125.99
Current bid price-
Current offer price-
Current mid price136.06
Region
1UK47.56%
2USA27.24%
3France7.27%
4Money Market3.25%
5Germany3.03%
6Italy2.27%
7Spain2.22%
8International1.89%
9Netherlands1.62%
Industry sector
1Mortgage & Secured Bonds17.77%
2Banks15.02%
3Telecommunications12.5%
4Consumer Goods9.4%
5Utilities7.81%
6Insurance6.89%
7Technology5.47%
8Money Market3.92%
9Services3.59%
Asset type
1UK Corporate Fixed Interest46.74%
2US Corporate Fixed Interest26.57%
3French Corporate Fixed Interest6.23%
4Money Market3.25%
5German Corporate Fixed Interest3.03%
6Global Corporate Fixed Interest1.89%
7Spanish Corporate Fixed Interest1.65%
8Dutch Corporate Fixed Interest1.62%
9Italian Corporate Fixed Interest1.25%
Individual holdings
1WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.49%
2LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.3%
3IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.07%
4EUROPEAN INVESTMENT BANK FRN 21/05/21 GBP10001.01%
5HEATHROW FUNDING LTD 6.75% BDS 03/12/28 GBP500000.93%
6MICROSOFT CORP 4% BDS 12/02/55 USD20000.93%
7VERIZON COMMUNICATIONS INC 5.012% BDS 21/08/54 USD20000.86%
8JPMORGAN CHASE BANK NA 3.5% NTS 18/12/26 GBP10000.83%
9LEGAL & GENERAL GROUP 9.325% SUB NTS 23/07/41 GBP500000.79%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund aims to maximise total returns (the combination of capital growth and income) by investing mainly in investment grade, or good-quality, corporate bonds. The manager may also hold up to 20% of the fund in other fixed income investments, such as government bonds and high yield corporate bonds (which typically pay higher levels of interest to compensate investors for the greater risk of default). The fund may also hold cash, and near cash, deposits, warrants and money market instruments. The fund is managed by M&G.
Benchmark
  • IA £ Corporate Bond Sector
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Richard Woolnough20/02/2004Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.
Ben Lord01/01/2007Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq M&G Strategic Corporate Bond Pn
Initial charge-
Annual charge1.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price158.2547
Offer price166.5839
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWV7
Scot Eq M&G Strategic Corporate Bond Pn (ARC)
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price136.0599
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00ID
Data provided by

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