Fact sheet: Scot Wid Corp Bd Pn

Fund information
Fund name
Scottish Widows Corporate Bond Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Pan European Credit Teamsince 07/09/2014
  • Luke Hickmoresince 31/05/2009
No data available.
Fund objective
The fund aims to achieve long-term growth by investing primarily in high quality, investment grade corporate bonds and other fixed interest securities issued by companies in the UK and Europe.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.9%
1 Year rank in sector
118/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£204m (£201m 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.
44
Bid price
189
Offer price
189
Top in this sector
Fund name1 Year
FL TEActv Bln Bd IE12.1%
MetLife Fid Corp Bd 20yr Pn10.8%
OMW IPL L&G AAA CrpBdOv15YIx Pn10.1%
BlackRock DC AqOv 15 YCrp BdIx HP10%
AEGON Long Core Plus Pn9.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • No data available.
  • BBB49.8%
    A25.7%
    AA8.2%
    Non-Rated7.6%
    BB5.8%
  • UK Fixed Interest61.7%
    Global Fixed Interest36.9%
    Money Market1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-6.7%2.7%5.9%18.2%41%
Sector-1.6%-5.3%2.6%5.9%17.9%39.2%
Rank within sector201 / 265248 / 265122 / 265118 / 260108 / 23585 / 210
Quartile4th4th2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.6%-1.2%12.2%0.4%15.1%
Sector7.1%0.2%10.5%1%13.5%
Rank within sector91 / 260228 / 24632 / 235156 / 22662 / 210
Quartile2nd4th1st3rd2nd
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.
-0.66
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.
1.22
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.
0.42
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%.
6.66
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.
1.88
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.
0.27
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.
0.95
Price movement
52 week high204.9
52 week low173
Current bid price189
Current offer price189
Current mid price-
Region
No data available.
Industry sector
1BBB49.84%
2A25.68%
3AA8.16%
4Non-Rated7.59%
5BB5.82%
6AAA2.44%
7B0.46%
Asset type
1UK Fixed Interest61.74%
2Global Fixed Interest36.92%
3Money Market1.35%
Individual holdings
1BARCLAYS BANK PLC 10.00 21/05/21 (GBP)1.41%
2TREASURY 4.5% GILT 7/12/42 GBP1.37%
3VERIZON COMMUNICATIONS INC 4.75% MTN 17/02/34 GBP1000001.16%
4TREASURY 4.25% GILT 07/12/49 GBP0.011.11%
5AT&T INC 4.25% BDS 01/06/43 GBP1000001.02%
6EDF 5.125% NTS 22/09/50 GBP500000.97%
7ENEL FINANCE INT 5.75% BDS 14/09/40 GBP14000000000.97%
8HSBC HLDGS 6% SUBORD NTS 29/03/40 GBP500000.97%
9HEATHROW FUNDING LTD 7.125% BDS 14/02/24 GBP100000 B0.91%
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 primarily in high quality, investment grade corporate bonds and other fixed interest securities issued by companies in the UK and Europe.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Pan European Credit Team07/09/2014
Luke Hickmore31/05/2009Luke is responsible for managing credit bond portfolios for a wide variety of clients. He also covers the retail, pharmaceutical, household goods, transport and food sectors for the team. Before joining SWIP Luke worked for RIA Capital Markets in Edinburgh, where he was head of research and a member of the executive committee. Prior to this, he was an investment manager at Rathbone Unit Trust Management. His industry experience also includes time at Albert E Sharp and Lloyds Private Banking. Luke was awarded fellowship status of the Securities Institute in 1997 and holds the Investment Management Certificate.Luke has been with Swip since September 2007.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Corporate Bond 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 price182.6
Offer price192.2
Mid price-
CurrencyGBX
Price updated02/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS908
Scottish Widows Corporate Bond 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 price189
Offer price189
Mid price-
CurrencyGBX
Price updated02/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS909
Scottish Widows Corporate Bond Pension Series 3
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 price189.1
Offer price189.1
Mid price-
CurrencyGBX
Price updated02/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS910
Scottish Widows Corporate Bond Pension Series 4
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price174.7
Offer price174.7
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE561
Data provided by

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