Fact sheet: Scot Wid Defensive Sol Pn

Fund information
Fund name
Scottish Widows Defensive Solution Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Shanshan Zhangsince 30/06/2013
  • Hamish Campbellsince 01/01/2011
Underlying fund
Scot Wid Defensive Solution
Fund objective
The fund aim for the underlying Scottish Widows Defensive Solution OEIC in which this fund invests is as follows: To give an income, or growth (when income is kept in the fund) by investing mainly in funds such as collective investment schemes. The fund will provide exposure generally to fixed interest securities (including UK government bonds, other UK fixed interest securities and overseas high yield bonds). The fund will also provide exposure to equities (including UK and overseas equities), property, commodities and other asset classes. Exposure will be mainly to UK investments but with a significant proportion overseas. Please note: The Scottish Widows unit-linked funds aim to provide long term growth in the price of units. Any income generated will not be distributed, but added to the fund value.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3%
1 Year rank in sector
360/514
Sector
PN Specialist
Yield
-
Fund size
£17m (£17m 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.
24
Bid price
137.4
Offer price
137.4
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus48.9%
ReAssure AL NptRu&GtrRus Pn48.8%
L&G Nep Russia&Gtr Russia Pn48.2%
OMW InvescoPerpetualEmgEurpn44.4%
Scot Eq JPM Emg Eur Eq Pn43.8%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • Fixed Interest53.6%
    Equities21%
    Property11.9%
    High Yield Bond7.1%
    Others3.9%
  • UK Fixed Interest46.8%
    UK Equities12.2%
    Property11.9%
    Global High Yield Fixed Interest7.1%
    Global Fixed Interest6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-1.5%2%3%9.7%24.9%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector282 / 546378 / 545372 / 531360 / 514285 / 386220 / 317
Quartile3rd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.5%1.1%4%4%9.6%
Sector9.3%2%7.2%11%7.7%
Rank within sector341 / 514237 / 450280 / 388252 / 357139 / 318
Quartile3rd3rd3rd3rd2nd
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.
0.33
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.
0.42
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%.
3.12
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.
3.9
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.
-0.8
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.
0.65
Price movement
52 week high139.7
52 week low128.4
Current bid price137.4
Current offer price137.4
Current mid price-
Region
No data available.
Industry sector
1Fixed Interest53.57%
2Equities20.95%
3Property11.85%
4High Yield Bond7.08%
5Others3.9%
6Money Market2.44%
7Futures0.22%
Asset type
1UK Fixed Interest46.75%
2UK Equities12.19%
3Property11.85%
4Global High Yield Fixed Interest7.08%
5Global Fixed Interest6.82%
6Europe ex UK Equities3.9%
7Others3.9%
8International Equities2.57%
9Money Market2.43%
Individual holdings
1ABERDEEN STERLING OPPORTUNISTIC CORPORATE BOND A INC21.99%
2ABERDEEN CORPORATE BOND A INC17.74%
3ABERDEEN UK PROPERTY FEEDER A INC9.65%
4INVESCO PERPETUAL CORPORATE BOND Z INC6.5%
5SCOTTISH WIDOWS MULTI-MANAGER UK EQUITY INCOME A INC6.18%
6INSIGHT GLOBAL ABSOLUTE RETURN W ACC3.94%
7Aberdeen Alternative Strategies Q3.9%
8JUL BAER ABSOLUTE RETURN BOND A GBP3.9%
9NORDEA 1 GBP DIVERSIFIED RETURN BD3.9%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The fund aim for the underlying Scottish Widows Defensive Solution OEIC in which this fund invests is as follows: To give an income, or growth (when income is kept in the fund) by investing mainly in funds such as collective investment schemes. The fund will provide exposure generally to fixed interest securities (including UK government bonds, other UK fixed interest securities and overseas high yield bonds). The fund will also provide exposure to equities (including UK and overseas equities), property, commodities and other asset classes. Exposure will be mainly to UK investments but with a significant proportion overseas. Please note: The Scottish Widows unit-linked funds aim to provide long term growth in the price of units. Any income generated will not be distributed, but added to the fund value.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Shanshan Zhang30/06/2013Shanshan is responsible for management of desk projects, updating and preparing investment models, providing research and dealing with other ad hoc queries. Prior to joining SWIP she worked for AEGON Asset Management for 1.5 years. Shanshan has a Postgraduate Diploma in Investment and Finance from Edinburgh University, and a BA (Hons) in Business Studies from Napier University. She is IMC qualified.
Hamish Campbell01/01/2011Hamish is deputy manager for Bancassurance and UKPB fund ranges. He transferred from the multi-manager team where he was responsible for manager selection and portfolio construction, predominantly in alternatives. Hamish transferred to SWIP as an Investment Manager in December 2006 from Lloyds TSB Private Banking Limited when the investment research function was outsourced to SWIP. Hamish has been with the Lloyds Group since 2001 having previously worked as a private client portfolio manager with a number of institutions. Hamish joined Lloyds initially as a portfolio manager responsible for the management of the Private Banks’ UK equity portfolio before electing to transfer to manager selection. Hamish holds a BA (Hons) in Business and a diploma in Investment Analysis.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Defensive Solution Pension Series 1
Initial charge-
Annual charge1.23%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.51%
Bid price132.4
Offer price139.3
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeTP32
Scottish Widows Defensive Solution Pension Series 2
Initial charge-
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.63%
Bid price137.4
Offer price137.4
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeTP33
Scottish Widows Defensive Solution Pension Series 4
Initial charge-
Annual charge0.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.63%
Bid price151
Offer price151
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE559
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