Fact sheet: Scot Eq Schrod UK Abl Tgt Pn

Fund information
Fund name
Scot Eq Schroder UK Absolute Target Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Steve Cordellsince 17/07/2008
Underlying fund
Schroder EurpEqtyAbsRet
Fund objective
This fund aims to achieve absolute returns through targeted investment strategies, regardless of UK market conditions or indices. It has a bias towards investing in large or medium sized stocks and aims for an 8 -10% net annual absolute return with less than two-thirds of the volatility of the FTSE All-Share index – although there’s no guarantee that this will be met. The Scottish Equitable version of this fund has higher charges than the underlying fund and will therefore be less likely to meet its objective. The fund is managed by Schroders. Please note the fund will use derivatives in a number of ways to achieve its objectives. This means the fund could be exposed to additional risks if the market moves against it. The additional charge/expenses for this fund include a performance fee that will rise and fall depending on performance day to day – so the charge you pay may vary significantly from the figure quoted on the fund factsheet, which is based on recent past performance. Please refer to the 'Funds' section of our website for more details.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Growth
Investment method
Shares
Quick stats
1 Year return
-0.3%
1 Year rank in sector
447/514
Sector
PN Specialist
Yield
-
Fund size
£8m
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.
18
Bid price
108.9606
Offer price
114.6954
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus43.4%
ReAssure AL NptRu&GtrRus Pn42.9%
L&G Nep Russia&Gtr Russia Pn42.6%
Scot Eq JPM Emg Eur Eq Pn40.7%
OMW InvescoPerpetualEmgEurpn38.9%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials13.4%
    Industrials12.1%
    Technology11.6%
    Telecommunications7.4%
    Oil & Gas5.7%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%-0.3%0.3%-0.3%-4.1%8.5%
Sector-0.2%-0.6%6.2%8.8%20.9%41.2%
Rank within sector170 / 546260 / 545426 / 531447 / 514375 / 386281 / 317
Quartile2nd2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.2%1%-4.7%9.2%3.4%
Sector8.7%2%7.2%11%7.7%
Rank within sector445 / 514241 / 450382 / 388157 / 357262 / 318
Quartile4th3rd4th2nd4th
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.
-2.35
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.
0.15
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%.
2.84
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.
5.74
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.
-1.28
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.
0.1
Price movement
52 week high109.3
52 week low107.55
Current bid price108.96
Current offer price114.7
Current mid price-
Region
No data available.
Industry sector
1Financials13.35%
2Industrials12.05%
3Technology11.56%
4Telecommunications7.39%
5Oil & Gas5.72%
6Basic Materials4.11%
7Consumer Services3.46%
8Utilities2.87%
9Health Care2.56%
Asset type
No data available.
Individual holdings
1MICRO FOCUS INTERNATIONAL3.7%
2NEXITY3.6%
3IMERYS SA3.5%
4RENTOKIL INITIAL3.4%
5SAGE INTL GROUP LTD3.4%
6IMPERIAL BRANDS PLC2.5%
7KONINKLIJKE AHOLD DELHAIZE NV2.5%
8COM HEM HLDG AB2.3%
9THYSSENKRUPP AG2.2%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund aims to achieve absolute returns through targeted investment strategies, regardless of UK market conditions or indices. It has a bias towards investing in large or medium sized stocks and aims for an 8 -10% net annual absolute return with less than two-thirds of the volatility of the FTSE All-Share index – although there’s no guarantee that this will be met. The Scottish Equitable version of this fund has higher charges than the underlying fund and will therefore be less likely to meet its objective. The fund is managed by Schroders. Please note the fund will use derivatives in a number of ways to achieve its objectives. This means the fund could be exposed to additional risks if the market moves against it. The additional charge/expenses for this fund include a performance fee that will rise and fall depending on performance day to day – so the charge you pay may vary significantly from the figure quoted on the fund factsheet, which is based on recent past performance. Please refer to the 'Funds' section of our website for more details.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Steve Cordell17/07/2008Steve Cordell, Fund Manager, Steve moved across to Schroders as part of the takeover of Cazenove Capital in July 2013. Originally joined Cazenove in 2002. He is the manager of Schroder European Opportunities Fund, Schroder ISF European Opportunities, Schroder ISF European Equity ex. UK, Schroder ISF European Equity Absolute Return and Schroder UK Absolute Target. Steve joined from HSBC Asset Management (Europe) Ltd where he was responsible for the multi award-winning AA-rated HGIF Pan European fund and several other retail and institutional Pan-European portfolios. Graduated from Trinity College, Oxford with a First Class (Hons) in Modern Languages. 20 years of investment experience.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Schroder UK Absolute Target Pn
Initial charge-
Annual charge1.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.85%
Bid price108.9606
Offer price114.6954
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWU8
Scot Eq Schroder UK Absolute Target Pn (ARC)
Initial charge-
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price115.2539
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00KY
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.