Fact sheet: Scot Wid Disc Sol Pn

Fund information
Fund name
Scottish Widows Discovery Solution Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Hamish Campbellsince 01/01/2011
  • Shanshan Zhangsince 30/06/2013
Underlying fund
Scot Wid Disc Sol
Fund objective
The fund aim for the underlying Scottish Widows Discovery Solution OEIC in which this fund invests is as follows: To give an income with the potential for long-term capital growth by investing mainly in funds such as collective investment schemes. The fund will provide exposure mainly to fixed interest securities (including UK fixed interest securities and overseas high yield bonds) and equities (including UK and overseas equities). The fund will also provide exposure to property, commodities and other asset classes. Exposure will be generally 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
5%
1 Year rank in sector
319/514
Sector
PN Specialist
Yield
-
Fund size
£51m (£56m 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.
42
Bid price
158.7
Offer price
158.7
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.
  • Equities43.5%
    Fixed Interest26%
    Property13.9%
    High Yield Bond10.1%
    Others3.7%
  • UK Equities27.8%
    UK Fixed Interest20.9%
    Property13.9%
    Global High Yield Fixed Interest10.1%
    International Equities8.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%0.1%4.6%5%13.2%34.7%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector137 / 546218 / 545276 / 531319 / 514263 / 386180 / 317
Quartile2nd2nd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.3%1.3%4.4%9.1%10.9%
Sector9.3%2%7.2%11%7.7%
Rank within sector305 / 514207 / 450260 / 388160 / 35795 / 318
Quartile3rd2nd3rd2nd2nd
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.
-0.83
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.
0.74
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.
0.06
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%.
4.97
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.
2.67
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.
-0.88
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.
0.8
Price movement
52 week high160.6
52 week low141.5
Current bid price158.7
Current offer price158.7
Current mid price-
Region
No data available.
Industry sector
1Equities43.48%
2Fixed Interest26.02%
3Property13.89%
4High Yield Bond10.07%
5Others3.69%
6Money Market2.67%
7Futures0.19%
Asset type
1UK Equities27.83%
2UK Fixed Interest20.86%
3Property13.89%
4Global High Yield Fixed Interest10.07%
5International Equities8.82%
6Europe ex UK Equities5.6%
7Global Fixed Interest5.16%
8Others3.69%
9Money Market2.67%
Individual holdings
1ABERDEEN UK PROPERTY FEEDER A INC11.14%
2ABERDEEN STERLING OPPORTUNISTIC CORPORATE BOND A INC9.53%
3SCOTTISH WIDOWS MULTI-MANAGER UK EQUITY INCOME A INC9.33%
4ABERDEEN CORPORATE BOND A INC8.82%
5SCOTTISH WIDOWS MULTI-MANAGER INTERNATIONAL EQUITY A8.82%
6ABERDEEN UK ENHANCED EQUITY A ACC5.17%
7SCOTTISH WIDOWS MULTI-MANAGER UK EQUITY FOCUS A5.17%
8SCOTTISH WIDOWS MULTI-MANAGER UK EQUITY GROWTH A ACC4.44%
9PIMCO GLOBAL HIGH YIELD BOND INST HEDGED INC GBP4%
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 Discovery Solution OEIC in which this fund invests is as follows: To give an income with the potential for long-term capital growth by investing mainly in funds such as collective investment schemes. The fund will provide exposure mainly to fixed interest securities (including UK fixed interest securities and overseas high yield bonds) and equities (including UK and overseas equities). The fund will also provide exposure to property, commodities and other asset classes. Exposure will be generally 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
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.
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Discovery Solution Pension Series 1
Initial charge-
Annual charge1.23%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.49%
Bid price152.9
Offer price160.9
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeTP36
Scottish Widows Discovery Solution Pension Series 2
Initial charge-
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.61%
Bid price158.7
Offer price158.7
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeTP37
Scottish Widows Discovery Solution Pension Series 4
Initial charge-
Annual charge0.46%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price164.4
Offer price164.4
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE558
Data provided by

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