Fact sheet: Scot Wid Building Society Pn

Fund information
Fund name
Scottish Widows Building Society Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Money Markets Teamsince 21/09/2014
  • Andrew Dickinsonsince 21/09/2014
No data available.
Fund objective
The fund aims to provide long-term growth by investing mainly in a range of higher rate building society deposit accounts. In certain circumstances, for example if there are no suitable building society investments, part of the fund may invest in other types of short-term deposits.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-0.4%
1 Year rank in sector
38/54
Sector
PN Deposit & Treasury
Yield
-
Fund size
£85m (£84m 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.
2
Bid price
133.8
Offer price
133.8
Top in this sector
Fund name1 Year
Aviva Deposit Pn0.6%
Aviva Reserve Pn0.6%
FL GM Cash Pension0.6%
Aviva YP Deposit (CGU) Pn0.6%
Pru Ex-DSF Cash Pn0.5%
...more in PN Deposit & Treasury

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--0.1%-0.2%-0.4%-1.4%-2.2%
Sector-0%-0%-0%-0.1%-0.2%-0.4%
Rank within sector12 / 5541 / 5539 / 5538 / 5444 / 5043 / 48
Quartile1st3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.4%-0.4%-0.6%-0.6%-0.2%
Sector-0.1%-0%-0.1%-0.2%-0%
Rank within sector38 / 5545 / 5449 / 5049 / 4934 / 48
Quartile3rd4th4th4th3rd
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.
-0.23
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.
3.55
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%.
0.16
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.
0.15
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.
-2.82
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.
0.19
Price movement
52 week high134.4
52 week low133.8
Current bid price133.8
Current offer price133.8
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The fund aims to provide long-term growth by investing mainly in a range of higher rate building society deposit accounts. In certain circumstances, for example if there are no suitable building society investments, part of the fund may invest in other types of short-term deposits.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Money Markets Team21/09/2014
Andrew Dickinson21/09/2014Andrew Dickinson, Director, is Head of the Short Duration and Off-shore Cash Management teams. Andrew joined Credit Suisse in 1994 and worked in equities for the Private Bank in London, moving to fixed income management in Asset Management in 1996. Andrew's experience includes risk management and portfolio management of long duration and multi-currency portfolios, in addition to his current focus on the short end of the yield curve. Andrew earned a BA (Hons) in Economics and Information Technology from the University of Western England
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Building Society Pension Series 1
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.88%
Bid price188.4
Offer price198.3
Mid price-
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSW58
Scottish Widows Building Society Pension Series 2
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price133.8
Offer price133.8
Mid price-
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeOV36
Data provided by

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