Fact sheet: Scot Eq Thrdndle AbsRtn Bd Pn

Fund information
Fund name
Scot Eq Threadneedle Absolute Return Bond Pn (ARC)
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Adrian Hiltonsince 29/02/2012
Underlying fund
Threadneedle AbsRtnBd
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 12 month period, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies. At least two-thirds of the Fund’s assets will be in long and short positions in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and governments worldwide, currencies, and, when appropriate, cash. The Fund invests directly in these assets or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices). At times, the Fund will be concentrated in one or a combination of these assets. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
None
Quick stats
1 Year return
-6%
1 Year rank in sector
531/536
Sector
PN Specialist
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.
31
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Performance snapshot

Holdings snapshot

  • Europe50.3%
    Money Market17.8%
    UK14.4%
    Asia Pacific ex Japan11.8%
    Global Emerging Markets4.8%
  • No data available.
  • European Fixed Interest50.3%
    Money Market17.8%
    UK Corporate Fixed Interest14.4%
    Asia Pacific ex Japan Fixed Interest11.8%
    Global Emerging Market Fixed Interest4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-0.6%-2.3%-6%-7.3%-4.5%
Sector0.4%2.8%3.2%13.7%25.2%44.6%
Rank within sector499 / 559540 / 559529 / 551531 / 536388 / 397325 / 337
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-1%-4.4%-2.3%1.1%0.1%
Sector3%11.6%2%7.2%11%
Rank within sector539 / 555504 / 519395 / 454336 / 392312 / 365
Quartile4th4th4th4th4th
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.
-3.33
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.
0.14
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%.
4.42
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.
6.58
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.
-1.43
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 high100.61
52 week low94.19
Current bid price-
Current offer price-
Current mid price94.52
Region
1Europe50.31%
2Money Market17.81%
3UK14.41%
4Asia Pacific ex Japan11.76%
5Global Emerging Markets4.82%
6North America1.36%
7International-0.47%
Industry sector
No data available.
Asset type
1European Fixed Interest50.31%
2Money Market17.81%
3UK Corporate Fixed Interest14.41%
4Asia Pacific ex Japan Fixed Interest11.76%
5Global Emerging Market Fixed Interest4.82%
6North American Fixed Interest1.36%
7Others-0.47%
Individual holdings
No data available.
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 12 month period, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies. At least two-thirds of the Fund’s assets will be in long and short positions in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and governments worldwide, currencies, and, when appropriate, cash. The Fund invests directly in these assets or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices). At times, the Fund will be concentrated in one or a combination of these assets. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
None
Fund managers
NameSinceBiography
Adrian Hilton29/02/2012Adrian joined Columbia Threadneedle Investments in June 2016 as a Fixed Income portfolio manager in the Interest Rates & Currencies team. Prior to this, he spent eight years as a portfolio manager at Brevan Howard Asset Management, where he traded Emerging Markets local rates and currencies.Adrian began his career at the Bank of England in 2000, holding various positions in the Sterling Markets and Foreign Exchange divisions.  He became a portfolio manager in the Bank’s Reserves Management team in 2005 before leaving to join Aberdeen Asset Management in 2007 as a portfolio manager in that firm’s global rates team.  At Aberdeen, he contributed to absolute return rates strategies before joining Brevan Howard in September 2008 at the launch of Brevan Howard’s UCITS absolute return rates strategy.Adrian holds a BA (Hons) in History from the University of Birmingham.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Threadneedle 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 price85.005
Offer price89.4789
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWV2
Scot Eq Threadneedle 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 price94.523
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code00MD
Data provided by

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