Fact sheet: Scot Wid Corp Bd

Fund information
Fund name
Scottish Widows Corporate Bond G Acc
Fund manager company
Scottish Wid UT Mgr Limited
Fund type
OEIC
Fund managers
  • Luke Hickmoresince 31/05/2009
  • Pan European Credit Teamsince 07/09/2014
Fund objective
To give either an income, while having regard to the capital value, or growth (when income is kept within the fund). To do so by investing mainly in investment grade corporate bonds and other fixed interest securities issued by companies primarily in the UK and also Europe. Investment grade bonds have achieved or exceeded a minimum credit rating awarded by a credit rating agency. Therefore they are considered lower risk than bonds with a lower credit rating. Credit ratings indicate the likelihood that an issuer will be able to make their payments.
Benchmark
  • Lehman Ster Aggregate
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.7%
1 Year rank in sector
30/89
Sector
UT Sterling Corporate Bond
Yield
2.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.12%
Fund size
£3,428m (£3,596m 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
Mid price
120.6
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond18.7%
Henderson Inst Long Dat Cr18.1%
Fidelity Inst UK Lg Crp Bd17.4%
F&C Instl Lg Dtd Corp Bd17.1%
Blackrock InstBdOver10YrCorp16.8%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • No data available.
  • BBB46.4%
    A26%
    Non-Rated8.9%
    AA8.2%
    BB7.3%
  • UK Fixed Interest61.7%
    Global Fixed Interest35.7%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%2.6%-3.5%11.7%17.5%-
Sector1.4%2.6%-2.1%10.5%18.5%33%
Rank within sector52 / 9554 / 9577 / 9030 / 8956 / 83-
Quartile3rd3rd4th2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund-0.4%10.9%-2%11.3%-0.3%
Sector0.7%9.1%-0.3%10.1%0.2%
Rank within sector92 / 9516 / 8883 / 8629 / 8360 / 77
Quartile4th1st4th2nd4th
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.
-1.16
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.
1.24
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.
0.25
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%.
6.72
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.
2
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.
-0.01
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 high126.8
52 week low107.9
Current bid price-
Current offer price-
Current mid price120.6
Region
No data available.
Industry sector
1BBB46.43%
2A25.97%
3Non-Rated8.93%
4AA8.19%
5BB7.27%
6AAA2.71%
7B0.49%
Asset type
1UK Fixed Interest61.73%
2Global Fixed Interest35.68%
3Money Market2.58%
Individual holdings
1BARCLAYS BANK PLC 10.00 21/05/21 (GBP)1.35%
2TREASURY 4.5% GILT 7/12/42 GBP1.25%
3VERIZON COMMUNICATIONS INC 4.75% MTN 17/02/34 GBP1000001.17%
4ENEL FINANCE INT 5.75% BDS 14/09/40 GBP14000000000.99%
5HSBC HLDGS 6% SUBORD NTS 29/03/40 GBP500000.97%
6HEATHROW FUNDING LTD 7.125% BDS 14/02/24 GBP100000 B0.94%
7EDF 5.125% NTS 22/09/50 GBP500000.93%
8TREASURY 1.5% GILT 22/07/26 GBP0.010.86%
9FIRSTGROUP 8.750% BDS 08/04/21 GBP500000.85%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Wid UT Mgr Limited
Fund type
OEIC
Fund objective
To give either an income, while having regard to the capital value, or growth (when income is kept within the fund). To do so by investing mainly in investment grade corporate bonds and other fixed interest securities issued by companies primarily in the UK and also Europe. Investment grade bonds have achieved or exceeded a minimum credit rating awarded by a credit rating agency. Therefore they are considered lower risk than bonds with a lower credit rating. Credit ratings indicate the likelihood that an issuer will be able to make their payments.
Benchmark
  • Lehman Ster Aggregate
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
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.
Pan European Credit Team07/09/2014
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Corporate Bond A Acc
Initial charge3.5%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price305.7
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLB52
Scottish Widows Corporate Bond A Inc
Initial charge3.5%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price127.2
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLB51
Scottish Widows Corporate Bond B Acc
Initial charge3.5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price314.1
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTS11
Scottish Widows Corporate Bond B Inc
Initial charge3.5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price127.1
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeTS12
Scottish Widows Corporate Bond G Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.6
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGS5F
Scottish Widows Corporate Bond G Inc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.5
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGS5G
Scottish Widows Corporate Bond K Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGGS
Scottish Widows Corporate Bond K Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNGGT
Scottish Widows Corporate Bond P Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.86
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGGU
Scottish Widows Corporate Bond P Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.86
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNGGV
Scottish Widows Corporate Bond S Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGGW
Scottish Widows Corporate Bond S Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNGGX
Scottish Widows Corporate Bond W
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
Type-
Institutional or retail classRetail
Domicile-
Citi codeJZ7K
Scottish Widows Corporate Bond X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJDVC
Data provided by

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