Fact sheet: Scot Eq Sequel Df Jrny Rt Pn

Fund information
Fund name
Scot Eq Sequel Defensive Journey Retirement Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund manager
No data available.
No data available.
Fund objective
This fund is for investors in the SE Sequel Cautious Journey and SE Sequel Balanced Journey funds that have reached the end of the risk reduction stage and have passed their selected retirement date (SRD). We’ll automatically switch investors into this fund on the 1 January after they reach their SRD unless they tell us how they want to take their retirement benefits before then. The fund invests 75% in UK government bonds (gilts) and 25% in a cash fund and aims to give you more certainty about the amount of pension you can buy via an annuity when you retire as well as provide you with tax-free cash (25% under current legislation). Because it invests mainly in gilts, whose value have an inverse relationship to annuity rates, if you decide to buy a pension with your retirement fund the size of that pension should be roughly the same whether annuity rates go up or down just before you retire. But, you should be aware that gilt values can go down as well as up. The relationship between long gilts and annuity rates isn’t perfect and can be affected by other factors. In particular, market conditions may cause this relationship to weaken. If you don’t move your investment on your SRD, you’ll stay in this fund until you tell us what you want to do with your pension. This fund may not be suitable for long-term investment because the traditionally low yielding nature of cash and gilts means the value of your pension pot may be eroded by inflation. This fund is managed by Aegon UK using a strategic asset allocation (SAA) recommended by Sequel Investments Limited. Sequel Investments Limited is a professional investment advisory firm, which provides the asset allocation model and oversight for the Sequel and Sequel Journey funds. Sequel Investments Limited is owned by Foster Denovo Group plc, the parent company of Foster Denovo Limited.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.2%
1 Year rank in sector
747/795
Sector
PN Mixed Investment 40%-85% Shares
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.
36
Bid price
105.9157
Offer price
111.4902
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn23.5%
Scot Eq Sequel Adventurous Pn21.4%
Scot Eq Sequel Adven Jrny Pn21.4%
Scot Eq Ext Bal Coll (ex MLC) Pn20.5%
Scot Eq Caerus Pfl DRP 4 Pn20.3%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK68.8%
    Money Market30.1%
    Others1.1%
  • AA68.6%
    Money Market30.4%
    AAA0.8%
    Non-Rated0.3%
  • UK Gilts68.8%
    Money Market30.1%
    Others1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-5.2%1.1%5.2%15.3%-
Sector-0.1%-0.6%8.2%11%21.8%47.9%
Rank within sector765 / 913857 / 912867 / 894747 / 795610 / 692-
Quartile4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.6%-0.1%9.7%-4%-
Sector10.7%2.2%5.7%13.1%9.9%
Rank within sector737 / 800642 / 75327 / 692661 / 661-
Quartile4th4th1st4th
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.
3.87
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.
0.22
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%.
5.49
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.
8.1
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.
-0.2
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.
0.04
Price movement
52 week high112.25
52 week low100.19
Current bid price105.92
Current offer price111.49
Current mid price-
Region
1UK68.84%
2Money Market30.09%
3Others1.07%
Industry sector
1AA68.55%
2Money Market30.4%
3AAA0.77%
4Non-Rated0.28%
Asset type
1UK Gilts68.84%
2Money Market30.09%
3Others1.07%
Individual holdings
1UK GOVERNMENT BOND 4.25%7.2%
2UNITED KINGDOM (GOVERNMENT OF) 1.25%3.1%
3UK GOVERNMENT BOND 4.75%2.7%
4UNITED KINGDOM (GOVERNMENT OF) 2%2.6%
5UNITED KINGDOM (GOVERNMENT OF) 5%2.4%
6UK GOVT 4.5% BONDS2.3%
7UNITED KINGDOM (GOVT OF) 4%2.3%
8UNITED KINGDOM (GOVERNMENT OF) 1.5 01/22/20212.2%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund is for investors in the SE Sequel Cautious Journey and SE Sequel Balanced Journey funds that have reached the end of the risk reduction stage and have passed their selected retirement date (SRD). We’ll automatically switch investors into this fund on the 1 January after they reach their SRD unless they tell us how they want to take their retirement benefits before then. The fund invests 75% in UK government bonds (gilts) and 25% in a cash fund and aims to give you more certainty about the amount of pension you can buy via an annuity when you retire as well as provide you with tax-free cash (25% under current legislation). Because it invests mainly in gilts, whose value have an inverse relationship to annuity rates, if you decide to buy a pension with your retirement fund the size of that pension should be roughly the same whether annuity rates go up or down just before you retire. But, you should be aware that gilt values can go down as well as up. The relationship between long gilts and annuity rates isn’t perfect and can be affected by other factors. In particular, market conditions may cause this relationship to weaken. If you don’t move your investment on your SRD, you’ll stay in this fund until you tell us what you want to do with your pension. This fund may not be suitable for long-term investment because the traditionally low yielding nature of cash and gilts means the value of your pension pot may be eroded by inflation. This fund is managed by Aegon UK using a strategic asset allocation (SAA) recommended by Sequel Investments Limited. Sequel Investments Limited is a professional investment advisory firm, which provides the asset allocation model and oversight for the Sequel and Sequel Journey funds. Sequel Investments Limited is owned by Foster Denovo Group plc, the parent company of Foster Denovo Limited.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Sequel Defensive Journey Retirement Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price105.9157
Offer price111.4902
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGY0R
Data provided by

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