Fact sheet: Scot Wid Bal Pfl Pn

Fund information
Fund name
Scottish Widows Balanced Portfolio Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Mark Henzellsince 28/01/2002
  • Matthew Daviessince 01/01/2010
Underlying fund
Scot Wid Bal Pfl
Fund objective
The fund aims to achieve long-term growth by investing mainly in multi-manager funds. The fund will invest in a balance of equity and fixed interest security funds (these fixed interest security funds will invest mainly in high quality fixed interest securities, including corporate bonds). The equity and fixed interest security funds will invest in UK and overseas markets. The multi-manager funds are currently provided by a subsidiary of Aberdeen Asset Management and by the Russell Investment Group. Exposure to the multi-manager funds is currently provided through the Scottish Widows Balanced Portfolio OEIC Fund although investment may be made through other unit-linked funds, collective investment schemes, or directly to meet the stated fund aims.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
No data available.
Quick stats
1 Year return
13.9%
1 Year rank in sector
251/528
Sector
PN Specialist
Yield
-
Fund size
£218m (£207m 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.
47
Bid price
221.1
Offer price
221.1
Top in this sector
Fund name1 Year
SIP Sanlam Gbl Fin Pn59.5%
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ReAssure AL NptRu&GtrRus Pn51.6%
L&G Nep Russia&Gtr Russia Pn50.5%
SIP Fidelity Gbl Technology Pn48.5%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • Equities50.5%
    Fixed Interest48.6%
    Money Market0.7%
    Futures0.2%
  • Global Fixed Interest41.6%
    North American Equities20.6%
    UK Equities20.3%
    UK Fixed Interest7%
    Europe ex UK Equities5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%2.5%4.4%13.9%25.2%46.8%
Sector0.8%3.6%4.8%14.3%24.6%42.2%
Rank within sector304 / 559318 / 555233 / 550251 / 528195 / 397143 / 334
Quartile3rd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.8%13.1%1.4%8%11.4%
Sector2.9%11.6%2%7.2%11%
Rank within sector306 / 555208 / 519203 / 455117 / 393137 / 365
Quartile3rd2nd2nd2nd2nd
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.
-0.04
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.
1.03
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.
0.62
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%.
6.27
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.
1.21
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.
0.14
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.
0.96
Price movement
52 week high222.7
52 week low193.3
Current bid price221.1
Current offer price221.1
Current mid price-
Region
No data available.
Industry sector
1Equities50.47%
2Fixed Interest48.61%
3Money Market0.68%
4Futures0.23%
Asset type
1Global Fixed Interest41.63%
2North American Equities20.57%
3UK Equities20.31%
4UK Fixed Interest6.98%
5Europe ex UK Equities5.27%
6Japanese Equities2.83%
7Asia Pacific ex Japan Equities1.49%
8Money Market0.68%
9Futures0.23%
Individual holdings
1RIC US EQUITY FUND19.36%
2RIC GLOBAL BOND FUND10.45%
3RIC US BOND FUND10.45%
4RICII EURO FIXED INCOME FUND10.45%
5RICII GLOBAL BOND FUND EURO HEDGED10.45%
6SWIP MM UK EQUITY FOCUS8.96%
7SWIP MM UK EQUITY GROWTH8.96%
8RIC STERLING BOND FUND7.96%
9RIC CONTINENTAL EUROPEAN EQUITY FUND5.27%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The fund aims to achieve long-term growth by investing mainly in multi-manager funds. The fund will invest in a balance of equity and fixed interest security funds (these fixed interest security funds will invest mainly in high quality fixed interest securities, including corporate bonds). The equity and fixed interest security funds will invest in UK and overseas markets. The multi-manager funds are currently provided by a subsidiary of Aberdeen Asset Management and by the Russell Investment Group. Exposure to the multi-manager funds is currently provided through the Scottish Widows Balanced Portfolio OEIC Fund although investment may be made through other unit-linked funds, collective investment schemes, or directly to meet the stated fund aims.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Henzell28/01/2002Mark is a member of the Multi-Asset Funds team. In addition, the team also run several multi-asset fund-of-fund portfolios, which include the Lloyds TSB mass market retail fund range. More recently Mark has been involved with the new wealth management business. Mark joined the group in 1996, initially as a desk dealer on the Far East and Japanese desks, before moving onto the global strategy team. He joined the balanced funds team in 2002.Previously, Mark worked at Baring Asset Management in London, initially on the graduate training programme, covering both Private Client Investments and Fixed Income securities. Mark has also spent time with Kleinwort Benson Securities with experience in the Eurobond and money markets.Mark holds a BSc (Hons) in Economics from Buckingham University, and an MPhil in Management, Economics and Politics from St Andrews University.
Matthew Davies01/01/2010Matthew Davies manages the Fund. Matthew joined SWIP in October 2006 and has 11 years' investment management experience, 7 of which have been gained at SWIP.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Balanced Portfolio Pension Series 1
Initial charge1.6%
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.52%
Bid price214
Offer price225.3
Mid price-
CurrencyGBX
Price updated22/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeSL37
Scottish Widows Balanced Portfolio Pension Series 2
Initial charge1.6%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.64%
Bid price221.1
Offer price221.1
Mid price-
CurrencyGBX
Price updated22/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeSL42
Scottish Widows Balanced Portfolio Pension Series 4
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.84%
Bid price198.5
Offer price198.5
Mid price-
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE463
Data provided by

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