Fact sheet: Scot Wid High Inc Bd

Fund information
Fund name
Scottish Widows High Income Bond A Acc
Fund manager company
Scottish Wid UT Mgr Limited
Fund type
OEIC
Fund managers
  • Global High Yield Teamsince 21/09/2014
  • Greg Hoppersince 21/09/2014
Fund objective
To give either an income or growth (when income is kept within the fund). To do so by investing predominantly in corporate bonds and other fixed interest securities issued by companies and governments operating in the USA, the UK and Europe. The majority of the fund will be in non-investment grade bonds with a higher than average risk.Non-investment grade bonds have not been awarded the minimum rating required to meet the investment grade rating. Therefore they are considered higher risk than bonds with a higher credit rating. Credit ratings indicate the likelihood that an issuer will be able to make their payments.
Benchmark
  • Lehman Pan Eurpn Hg Yld indx
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
14.6%
1 Year rank in sector
11/23
Sector
UT Sterling High Yield
Yield
5.5%
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.
1.62%
Fund size
£196m (£203m 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.
39
Mid price
224.5
Top in this sector
Fund name1 Year
L&G High Income Trust22.7%
Fidelity Global High Yield20.1%
JPM Global High Yield Bond19.2%
AXA Global High Income19%
Newton Global Hi Yield Bd17.8%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • No data available.
  • B42%
    BB35%
    CCC11.9%
    Non-Rated8.4%
    BBB2.7%
  • Global Fixed Interest86.8%
    UK Fixed Interest9.3%
    Money Market3.8%
    North American Equities0.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%3.9%2.6%14.6%2%17.3%
Sector0.8%3.6%3.6%15.1%11.9%34.4%
Rank within sector9 / 239 / 2318 / 2311 / 2322 / 2220 / 20
Quartile2nd2nd4th2nd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.3%9.3%-6.5%0.3%5.5%
Sector1.5%9.9%-0.3%1.8%6.2%
Rank within sector19 / 2311 / 2323 / 2320 / 2219 / 21
Quartile4th2nd4th4th4th
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.
-3.48
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.
1.23
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%.
5.85
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.
2.11
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.
-1.3
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.
0.9
Price movement
52 week high225.4
52 week low195.8
Current bid price-
Current offer price-
Current mid price224.5
Region
No data available.
Industry sector
1B42.02%
2BB35%
3CCC11.88%
4Non-Rated8.43%
5BBB2.67%
Asset type
1Global Fixed Interest86.81%
2UK Fixed Interest9.33%
3Money Market3.78%
4North American Equities0.08%
Individual holdings
1CCO HLDGS LLC/CAP CORP 5.75% BDS 15/02/26 USD10001.47%
2FIRST DATA CORP 5.375% BDS 15/08/23 USD2000 144A1.39%
3HCA HLDGS INC 5.875% BDS 15/02/26 USD20001.18%
4TERRAFORM POWER OPERATING LLC 5.875% BDS 01/02/23 USD2000144A1.12%
5SCIENTIFIC GAMES INTL INC 7% BDS 01/01/22 USD20001.1%
6RITE AID CORP 6.125% BDS 01/04/23 USD10001.07%
7INMARSAT FINANCE 4.875% NTS 15/05/22 USD1000 144A1.03%
8ZIGGO SEC FIN BV 5.5% BDS 15/01/27 USD150000 144A1.03%
9RENAISSANCE ACQUISITION CORP 6.875% BDS 15/08/21 USD20001.02%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Wid UT Mgr Limited
Fund type
OEIC
Fund objective
To give either an income or growth (when income is kept within the fund). To do so by investing predominantly in corporate bonds and other fixed interest securities issued by companies and governments operating in the USA, the UK and Europe. The majority of the fund will be in non-investment grade bonds with a higher than average risk.Non-investment grade bonds have not been awarded the minimum rating required to meet the investment grade rating. Therefore they are considered higher risk than bonds with a higher credit rating. Credit ratings indicate the likelihood that an issuer will be able to make their payments.
Benchmark
  • Lehman Pan Eurpn Hg Yld indx
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Global High Yield Team21/09/2014
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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows High Income Bond A Acc
Initial charge3.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price224.5
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOV29
Scottish Widows High Income Bond A Inc
Initial charge3.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price90
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeOV30
Scottish Widows High Income Bond G 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 codeFRCN
Scottish Widows High Income Bond G 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 codeFRCO
Scottish Widows High Income 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 price99.81
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGHS
Scottish Widows High Income 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 price99.81
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNGHT
Scottish Widows High Income 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 codeJDVE
Data provided by

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