Fact sheet: Scot Eq Schder UK Corp Bd Pn

Fund information
Fund name
Scot Eq Schroder UK Corporate Bond Pn (ARC)
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Alix Stewartsince 05/06/2008
  • Teamsince 05/06/2008
Underlying fund
Schroder UK Corporate Bond
Fund objective
This fund aims to achieve a high level of income from a diversified portfolio of fixed interest securities (bonds). It invests mainly in sterling-denominated and hedged-tosterling corporate bonds, however it may also invest in convertible bonds issued by UK companies, UK government bonds, eurosterling issues, preference shares, non-sterling denominated fixed interest securities and other fixed interest issues.
Benchmark
  • IA £ Corporate Bond
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
8.6%
1 Year rank in sector
17/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£5m (£4m 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.
40
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OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
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Performance snapshot

Holdings snapshot

  • UK61.3%
    USA8.5%
    France7.6%
    Italy4.6%
    Germany4%
  • Financials28.4%
    Industrials25.9%
    Mortgage & Secured Bonds20.2%
    Utilities19.3%
    Money Market3.2%
  • UK Fixed Interest61.3%
    US Fixed Interest8.5%
    French Fixed Interest7.6%
    Italian Fixed Interest4.6%
    German Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-5.4%3.3%8.6%20.9%46.7%
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector243 / 265216 / 26537 / 26517 / 26076 / 23529 / 210
Quartile4th4th1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund9.4%-0.1%10.7%3.5%15.7%
Sector7.7%0.2%10.5%1%13.5%
Rank within sector25 / 260161 / 246117 / 23539 / 22652 / 210
Quartile1st3rd2nd1st1st
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.
-0.11
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.
1.13
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.
0.47
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%.
6.12
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.
1.29
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.
0.45
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.
0.97
Price movement
52 week high153.71
52 week low130.66
Current bid price-
Current offer price-
Current mid price144.11
Region
1UK61.25%
2USA8.53%
3France7.61%
4Italy4.62%
5Germany4.03%
6Money Market3.21%
7Netherlands2.63%
8Denmark1.67%
9Spain1.07%
Industry sector
1Financials28.44%
2Industrials25.85%
3Mortgage & Secured Bonds20.24%
4Utilities19.35%
5Money Market3.21%
6Government Agency Bonds2.56%
7Government Bonds0.18%
8Derivatives0.16%
Asset type
1UK Fixed Interest61.25%
2US Fixed Interest8.53%
3French Fixed Interest7.61%
4Italian Fixed Interest4.62%
5German Fixed Interest4.03%
6Money Market3.21%
7Dutch Fixed Interest2.63%
8Danish Fixed Interest1.67%
9Spanish Fixed Interest1.07%
Individual holdings
1AT&T INC 7% BDS 30/04/40 GBP(VAR)1.89%
2ITALY(REPUBLIC OF) 6% EUR MED TRM NOTES 4/8/2028 GBP10001.79%
3E.ON INTERNATIONAL FINANCE 6.75% MTN 27/01/39 GBP500001.61%
4DIGITAL STOUT HLDGS LLC 4.25% BDS 17/01/25 GBP1000001.45%
5THAMES WATER UTILITIES CAYMAN FIN 5.5% GTD UNWRAP BDS 11/2/41 GBP A1.44%
6NATIONAL GRID GAS FINANCE PLC 2.75% INST 22/09/46 GBP1000001.33%
7ORANGE SA 5.375% BDS 22/11/50 GBP500001.3%
8BANK OF SCOTLAND PLC 7.281% FXD/FLTG PERP GBP1000 SER`B`REG`S1.27%
9EDF 5.5% BDS 17/10/41 GBP1000001.25%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund aims to achieve a high level of income from a diversified portfolio of fixed interest securities (bonds). It invests mainly in sterling-denominated and hedged-tosterling corporate bonds, however it may also invest in convertible bonds issued by UK companies, UK government bonds, eurosterling issues, preference shares, non-sterling denominated fixed interest securities and other fixed interest issues.
Benchmark
  • IA £ Corporate Bond
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Alix Stewart05/06/2008Alix Stewart joined Schroders in 2012 as a Credit Portfolio Manager. Prior to joining Schroders Alix worked for UBS Global Asset Management as Head of UK Fixed Interest and before that as fund manager of Global Corporate Bonds. She graduated from University of Leeds with a BSc (Hons) in Economic and Mathematics. Alix has 20 years’ investment experience.
Team05/06/2008
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Schroder UK Corporate Bond 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 price157.6345
Offer price165.9311
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDXN2
Scot Eq Schroder UK Corporate Bond Pn (ARC)
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price144.1106
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00M7
Data provided by

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