Fact sheet: Scot Eq Schroder Strat Cr Pn

Fund information
Fund name
Scot Eq Schroder Strategic Credit Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund manager
  • Peter Harveysince 03/04/2006
Underlying fund
Schroder Strategic Credit
Fund objective
This fund aims to achieve a total return above sterling cash interest rates over the medium term. The fund has a flexible approach and invests mainly in investment grade and non-investment grade bonds and derivatives. It invests in rated and unrated securities including bonds, notes of fixed variable interest, preference shares, equities, convertible and other securities issued by governments, quasi-government, supranational, bank and corporate entities. There's no guarantee that either the target or positive returns will be achieved. The Scottish Equitable version of this fund has higher charges and will therefore be less likely to meet this target. The fund will use derivatives in a number of ways to achieve its objectives. This means the fund could be exposed to additional risks and costs should the market move against it. The fund is managed by Schroders, one of our investment managers.
Benchmark
  • 3 Month UK Treasury Bills
Investment style
None
Investment method
None
Quick stats
1 Year return
4%
1 Year rank in sector
114/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£1m (£1m 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.
15
Bid price
119.9212
Offer price
126.2328
Top in this sector
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...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK49.2%
    France9.1%
    Germany8.6%
    Luxembourg5.9%
    USA5.6%
  • Industrials66%
    Financials23.9%
    Utilities5.8%
    Money Market3.2%
    Mortgage & Secured Bonds3.2%
  • UK Fixed Interest49.2%
    French Fixed Interest9.1%
    German Fixed Interest8.6%
    Luxembourg Fixed Interest5.9%
    US Fixed Interest5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%0.2%2.2%4%9.5%28.7%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector53 / 17227 / 172116 / 172114 / 168120 / 155122 / 143
Quartile2nd1st3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.5%2.4%2.1%3.9%12.4%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector121 / 16838 / 163146 / 155116 / 151126 / 143
Quartile3rd1st4th4th4th
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.
0.42
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.
0.63
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%.
2.48
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.
1.86
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.
-0.55
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.
0.66
Price movement
52 week high120.23
52 week low112.15
Current bid price119.92
Current offer price126.23
Current mid price-
Region
1UK49.22%
2France9.09%
3Germany8.56%
4Luxembourg5.89%
5USA5.55%
6Spain4.22%
7Italy3.23%
8Money Market3.22%
9Ireland2.61%
Industry sector
1Industrials66.02%
2Financials23.94%
3Utilities5.81%
4Money Market3.22%
5Mortgage & Secured Bonds3.16%
6Government Agency Bonds0.62%
7Derivatives-2.77%
Asset type
1UK Fixed Interest49.22%
2French Fixed Interest9.09%
3German Fixed Interest8.56%
4Luxembourg Fixed Interest5.89%
5US Fixed Interest5.55%
6Spanish Fixed Interest4.22%
7Italian Fixed Interest3.23%
8Money Market3.22%
9Irish Fixed Interest2.61%
Individual holdings
1BPCE SA FRN 06/03/17 GBP1000002.11%
2VIRGIN MEDIA SECURED FINANCE PLC 6% BDS 15/04/21 GBP1000 REG S1.77%
3SAINSBURY(J) 6.5% UNDATED BDS GBP1000 REG S1.41%
4SCHAEFFLER FINANCE BV 4.75% BDS 15/05/23 USD200000 144A1.41%
5UNITYMEDIA HESSEN / NRW 5.5% BDS 15/01/23 USD200000 144A1.29%
6INFINIS PLC 7% BDS 15/02/19 GBP100000 REG S1.21%
7PLAY FINANCE 2 SA 5.25% NTS 01/02/19 EUR100000 REG S1.18%
8HORIZON HOLDINGS III SASU BDS 01/08/22 EUR1000001.16%
9CABLE & WIRELESS INTERN FINANCE BV 8.625% BDS 25/MAR/2019 GBP100 '1077'1.15%
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 total return above sterling cash interest rates over the medium term. The fund has a flexible approach and invests mainly in investment grade and non-investment grade bonds and derivatives. It invests in rated and unrated securities including bonds, notes of fixed variable interest, preference shares, equities, convertible and other securities issued by governments, quasi-government, supranational, bank and corporate entities. There's no guarantee that either the target or positive returns will be achieved. The Scottish Equitable version of this fund has higher charges and will therefore be less likely to meet this target. The fund will use derivatives in a number of ways to achieve its objectives. This means the fund could be exposed to additional risks and costs should the market move against it. The fund is managed by Schroders, one of our investment managers.
Benchmark
  • 3 Month UK Treasury Bills
Investment style
None
Investment method
None
Fund manager
NameSinceBiography
Peter Harvey03/04/2006Peter Harvey joined Cazenove Capital in 2005 and is Head of Credit and manager of the Cazenove Strategic Debt Fund and the Morningstar OBSR Bronze rated Cazenove Strategic Bond Fund. Peter joined from F&C Management Ltd where he had been Head of UK Credit. He is a Director of Cazenove Capital and has 22 years’ experience analysing and investing in corporate debt. Peter graduated with a 2.1 degree from the University of St Andrews.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Schroder Strategic Credit 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 price119.9212
Offer price126.2328
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKXS4
Scot Eq Schroder Strategic Credit 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 price132.9866
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00KX
Data provided by

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