Fact sheet: Scot Wid High Inc Bd Pn

Fund information
Fund name
Scottish Widows High Income Bond Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Greg Hoppersince 21/09/2014
  • Global High Yield Teamsince 21/09/2014
Underlying fund
Scot Wid High Inc Bd
Fund objective
The fund aims to achieve long-term growth by investing primarily in fixed interest securities issued by companies and governments in the USA, the UK and Europe, the majority of which will be higher risk, non-investment grade securities.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
5.7%
1 Year rank in sector
43/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£37m (£42m 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.
41
Bid price
216.1
Offer price
216.1
Top in this sector
Fund name1 Year
L&G High Income Pn11.1%
Aviva Invtec M High Inc Pn10.6%
Aviva JPM Gbl HighYldBd Pn10.5%
SIP JPM Gbl Hi Yd Bd Pn10.1%
LV= Investec Monthly Hi Inc Pn9.9%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • No data available.
  • B41%
    BB35%
    Non-Rated11%
    CCC8.9%
    BBB4.1%
  • Global Fixed Interest87.3%
    UK Fixed Interest9.2%
    Money Market3.4%
    North American Equities0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-0.7%4.2%5.7%4.8%25.1%
Sector-0.7%-0.7%4.6%7.4%14.6%48.8%
Rank within sector53 / 5746 / 5731 / 5743 / 5649 / 4946 / 46
Quartile4th4th3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund8.2%-4.6%-0%7.4%10.2%
Sector9.2%-0.1%4.4%6.8%19.3%
Rank within sector31 / 5652 / 5449 / 4929 / 4946 / 46
Quartile3rd4th4th3rd4th
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.
-3.43
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.
1.14
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%.
5.42
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.
2.52
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.
-1.11
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.
0.79
Price movement
52 week high221.8
52 week low190.3
Current bid price216.1
Current offer price216.1
Current mid price-
Region
No data available.
Industry sector
1B41.03%
2BB35.02%
3Non-Rated11.01%
4CCC8.87%
5BBB4.06%
Asset type
1Global Fixed Interest87.34%
2UK Fixed Interest9.16%
3Money Market3.43%
4North American Equities0.07%
Individual holdings
1CCO HLDGS LLC/CAP CORP 5.75% BDS 15/02/26 USD10001.39%
2FIRST DATA CORP 5.375% BDS 15/08/23 USD2000 144A1.28%
3KB HOME 7% BDS 15/12/21 USD20001.13%
4HCA HLDGS INC 5.875% BDS 15/02/26 USD20001.12%
5TERRAFORM POWER OPERATING LLC 5.875% BDS 01/02/23 USD2000144A1.05%
6POST HLDGS INC 5% BDS 15/08/26 USD20001.02%
7TRANSDIGM INC 6% BDS 15/07/22 USD20001.01%
8SCIENTIFIC GAMES INTL INC 7% BDS 01/01/22 USD20001%
9RITE AID CORP 6.125% BDS 01/04/23 USD10000.99%
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 fixed interest securities issued by companies and governments in the USA, the UK and Europe, the majority of which will be higher risk, non-investment grade securities.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Greg Hopper21/09/2014Greg Hopper is a Senior Portfolio Manager and head of the Global High Yield strategy on the North American Fixed Income team. Greg began his investment career at Drexel Burnham Lambert in 1985 before joining Mitchell Hutchins Institutional Investors and then Bankers Trust. In 2000, following the acquisition of Bankers Trust by Deutsche Bank, he joined Harris Investment Management, where he launched their High Yield bond product and then Zurich Scudder Investments, where he was responsible for all institutional high yield bond portfolios. After Deutsche Bank acquired Zurich Scudder in 2002, Greg moved to Artio Global Investors, launching the Global High Income strategy that Aberdeen added to their offerings following their acquisition of Artio in 2013. Greg graduated with a BA in economics from Beloit College, Beloit, Wisconsin and an MBA from Columbia University.
Global High Yield Team21/09/2014
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows High Income Bond Pension Series 1
Initial charge-
Annual charge1.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.38%
Bid price208.7
Offer price219.7
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS916
Scottish Widows High Income Bond Pension Series 2
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price216.1
Offer price216.1
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS917
Scottish Widows High Income Bond Pension Series 4
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price186.9
Offer price186.9
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE549
Data provided by

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