Fact sheet: Scot Eq Schroder AbsRet Bd Pn

Fund information
Fund name
Scot Eq Schroder Absolute Return Bond Pn (ARC)
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Thomas Sartainsince 01/08/2016
  • Paul Graingersince 21/03/2016
  • James Lindsay-Fynnsince 01/08/2016
  • Bob Jollysince 30/11/2011
Underlying fund
Schroder Absolute Rtn Bd
Fund objective
This fund aims to achieve a positive total return (income plus capital growth) from a diversified portfolio of global debt securities (bonds) over a 12-month rolling period. It will use an extremely varied range of fixed interest products, including UK and non-UK government bonds and investment grade and non-investment grade corporate bonds. The portfolio will consist mainly of sterling denominated securities or overseas securities, hedged back to sterling.
Benchmark
  • LIBOR GBP 3m
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
4.3%
1 Year rank in sector
408/537
Sector
PN Specialist
Yield
-
Fund size
£4m (£5m 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
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Performance snapshot

Holdings snapshot

  • USA50.7%
    UK11.9%
    International5.5%
    Sweden4.8%
    Germany3.3%
  • Non-Rated34.8%
    A18.7%
    BBB15.4%
    BB9.7%
    AA7.5%
  • North American Fixed Interest54.3%
    European Fixed Interest19.9%
    Global Fixed Interest9%
    UK Corporate Fixed Interest5.9%
    Money Market3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%0.8%1%4.3%3.8%10.3%
Sector-1.4%1.5%2.2%11.5%24.7%42.8%
Rank within sector204 / 560340 / 559371 / 552408 / 537345 / 398285 / 335
Quartile2nd3rd3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.6%3.9%-2.7%2.6%2.3%
Sector1.9%11.6%2%7.2%11%
Rank within sector414 / 556385 / 520408 / 455315 / 393287 / 365
Quartile3rd3rd4th4th4th
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.
0.35
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.
0.11
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%.
3.59
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.
6.27
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.
-0.98
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.
0.03
Price movement
52 week high116.5
52 week low110.51
Current bid price-
Current offer price-
Current mid price115.62
Region
1USA50.7%
2UK11.94%
3International5.55%
4Sweden4.8%
5Germany3.34%
6Ireland3.27%
7Canada2.95%
8Mexico2.8%
9France1.84%
Industry sector
1Non-Rated34.8%
2A18.69%
3BBB15.37%
4BB9.69%
5AA7.51%
6Money Market6.73%
7AAA4.33%
8B2.79%
9CCC0.09%
Asset type
1North American Fixed Interest54.27%
2European Fixed Interest19.87%
3Global Fixed Interest8.98%
4UK Corporate Fixed Interest5.88%
5Money Market3.84%
6Global Emerging Market Fixed Interest3.52%
7Convertibles2.66%
8Others0.68%
9Asia Pacific ex Japan Fixed Interest0.3%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD10022.39%
2UNITED STATES OF AMER TREAS NOTES 0.375% NTS 15/01/27 USD1005.28%
3ELEMENT RAIL LEASING II2.27%
4WELLS FARGO BANK NA 2.15% BDS 06/12/19 USD2500001.92%
5SCHRODER ISF EMERGING MARKET BOND I ACC NAV USD1.89%
6ECAF I1.76%
7HSBC USA INC 1.7% BDS 05/03/18 USD1000001.63%
8ALLIED IRISH BANKS 4.125% FXD RT NTS 26/11/25 EUR100000 1191.58%
9ROYAL BANK OF SCOTLAND PLC 5.25% BDS 29/06/49 EUR10001.51%
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 positive total return (income plus capital growth) from a diversified portfolio of global debt securities (bonds) over a 12-month rolling period. It will use an extremely varied range of fixed interest products, including UK and non-UK government bonds and investment grade and non-investment grade corporate bonds. The portfolio will consist mainly of sterling denominated securities or overseas securities, hedged back to sterling.
Benchmark
  • LIBOR GBP 3m
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Thomas Sartain01/08/2016Thomas Sartain is UK & European Money Market & Government Bond Fund Manager, based in London.He Joined Schroders in 2005 as fund manager’s assistant on the global fixed income desk. His Financial Markets career commenced in 2003 upon joining Royal Bank of Scotland. He has BA (Hons) degree in Management and Business Administration, University of Reading.
Paul Grainger21/03/2016Paul Grainger joined Schroders in 2015 as a Senior Portfolio Manager in the Fixed Income team, based in London. His earlier career began in 1995 within the BZW Securities graduate training programme where he rotated through Fixed Income sales and trading and into asset management at Barclays Global Investors. In 1999 he moved to Gartmore as a Senior Portfolio Manager and then moved to F&C Asset Management in 2003. In 2006 he moved to Wellington Management as a Portfolio Manager and latterly in 2014, co-founded a financial technology firm named yoyoDATA before moving to Schroders in 2015. Paul graduated from Exeter University in 1995 with a B.A. in Economics and European Studies and he is a Member of the United Kingdom Society of investment professionals and a CFA Charterholder.
James Lindsay-Fynn01/08/2016
Bob Jolly30/11/2011Bob Jolly is a veteran portfolio manager and head of global macro strategy at Schroders having joined the company in 2011. Previously he worked as head of currency, UK fixed income and global sovereign portfolio management at UBS Global Asset Management. Prior to UBS, Bob spent over two decades at Gartmore Investment Management becoming head of UK, global and structured fixed income portfolio construction.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Schroder Absolute Return 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 price118.8198
Offer price125.0735
Mid price-
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDXN4
Scot Eq Schroder Absolute Return 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 price115.624
CurrencyGBX
Price updated20/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code00IP
Data provided by

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