Fact sheet: Scot Wid PensionProt Pn

Fund information
Fund name
Scottish Widows Pension Protector Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Mark Henzellsince 09/04/2014
  • Matthew Daviessince 09/04/2014
No data available.
Fund objective
The fund may be suitable for investors approaching retirement who intend to purchase a conventional pension annuity. The fund invests mainly in long-dated UK fixed interest securities. The prices of these are one of the key factors affecting the cost of buying a pension and so any investment in the fund should rise and fall broadly in line with changes in the cost of buying such a pension in retirement. The fund does not provide any guarantee of the level of pension in retirement or the cost of buying that pension. It may not be effective for those who intend to buy an inflation-linked pension and does not provide protection against changes in the cost of buying a pension that arise from changes in life expectancy.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
12.2%
1 Year rank in sector
40/117
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£1,014m (£839m 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.
82
Bid price
199.9
Offer price
199.9
Top in this sector
Fund name1 Year
Ignis Standard Lg Gilt Pn25.1%
Stan Life L&G Ov15Yr IL GltIdx Pn21.2%
OMW M&G PP Lg Dted Corp Bd Pn16%
Pru Sup Lg Idx Lkd Pn14.7%
M&G PP Super Long Index Linked Pn14.5%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

  • No data available.
  • A36.6%
    BBB35.8%
    AA12.8%
    Non-Rated8.5%
    AAA6.3%
  • Global Fixed Interest51%
    UK Fixed Interest48.5%
    Money Market0.5%
    Futures0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-10.1%7%12.2%29%42.4%
Sector-2.7%-10.8%5.5%11.9%36.4%44.5%
Rank within sector36 / 11735 / 1189 / 11840 / 11788 / 10554 / 92
Quartile2nd2nd1st2nd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund15.4%-3.2%16.7%-2.9%8.5%
Sector13.9%0%21.3%-4.3%6.5%
Rank within sector21 / 118110 / 11099 / 10535 / 10027 / 92
Quartile1st4th4th2nd2nd
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.
-2.05
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.
0.98
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.
0.42
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%.
11.71
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.
4.69
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.
-0.5
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.
0.83
Price movement
52 week high230.5
52 week low175.9
Current bid price199.9
Current offer price199.9
Current mid price-
Region
No data available.
Industry sector
1A36.56%
2BBB35.81%
3AA12.81%
4Non-Rated8.49%
5AAA6.33%
Asset type
1Global Fixed Interest50.95%
2UK Fixed Interest48.54%
3Money Market0.45%
4Futures0.06%
Individual holdings
1ICE LONG GILT DEC16 FUTURE (EXP 28/12/16)3.91%
2AT&T INC 4.25% BDS 01/06/43 GBP1000001.63%
3VERIZON COMMUNICATIONS INC 4.75% MTN 17/02/34 GBP1000001.5%
4EDF 5.5% BDS 17/10/41 GBP1000001.49%
5PFIZER INC 6.5% BDS 03/06/38 GBP500001.33%
6EUROFIMA 5.50% NOTES 7/6/2032 GBP(VAR)1.31%
7EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP10001.29%
8EUROPEAN INVESTMENT BANK 4.625% NTS 12/10/54 GBP10001.27%
9SSE PLC 6.25% NTS 27/08/38 GBP500001.22%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The fund may be suitable for investors approaching retirement who intend to purchase a conventional pension annuity. The fund invests mainly in long-dated UK fixed interest securities. The prices of these are one of the key factors affecting the cost of buying a pension and so any investment in the fund should rise and fall broadly in line with changes in the cost of buying such a pension in retirement. The fund does not provide any guarantee of the level of pension in retirement or the cost of buying that pension. It may not be effective for those who intend to buy an inflation-linked pension and does not provide protection against changes in the cost of buying a pension that arise from changes in life expectancy.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Henzell09/04/2014Mark is a member of the Multi-Asset Funds team. In addition, the team also run several multi-asset fund-of-fund portfolios, which include the Lloyds TSB mass market retail fund range. More recently Mark has been involved with the new wealth management business. Mark joined the group in 1996, initially as a desk dealer on the Far East and Japanese desks, before moving onto the global strategy team. He joined the balanced funds team in 2002.Previously, Mark worked at Baring Asset Management in London, initially on the graduate training programme, covering both Private Client Investments and Fixed Income securities. Mark has also spent time with Kleinwort Benson Securities with experience in the Eurobond and money markets.Mark holds a BSc (Hons) in Economics from Buckingham University, and an MPhil in Management, Economics and Politics from St Andrews University.
Matthew Davies09/04/2014Matthew Davies manages the Fund. Matthew joined SWIP in October 2006 and has 11 years' investment management experience, 7 of which have been gained at SWIP.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Pension Protector Pension H
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price112.5
Offer price112.5
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM5XK
Scottish Widows Pension Protector Pension Series 1
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.9%
Bid price193.1
Offer price203.3
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS919
Scottish Widows Pension Protector Pension Series 2
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price199.9
Offer price199.9
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS920
Scottish Widows Pension Protector Pension Series 3
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price200.3
Offer price200.3
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS921
Scottish Widows Pension Protector Pension Series 4
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.22%
Bid price189
Offer price189
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE542
Data provided by

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