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
  • Luke Hickmoresince 08/09/2014
  • Pan European Credit Teamsince 08/09/2014
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
15%
1 Year rank in sector
30/118
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£1,101m (£935m 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.
81
Bid price
217.5
Offer price
217.5
Top in this sector
Fund name1 Year
OMW IPL Aviva Lg Dtd Corp Bd Pn44.3%
Stan Life L&G Ov15Yr IL GltIdx Pn31.4%
Pru Sup Lg Idx Lkd Pn22.9%
M&G PP Super Long Index Linked Pn22.8%
L&G PMC Pre-RetimtInf Lkd Pn18.5%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

  • No data available.
  • A34.9%
    BBB31.1%
    AA15.1%
    Non-Rated10.7%
    AAA8.3%
  • Global Fixed Interest49.1%
    UK Fixed Interest48.5%
    Money Market2.4%
    Futures0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.4%4.6%9.2%15%32.9%42.4%
Sector0.1%3%7%14%39.9%48.2%
Rank within sector2 / 1233 / 1216 / 12030 / 11888 / 10877 / 100
Quartile1st1st1st2nd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund4.2%18.2%-3.2%16.7%-2.9%
Sector3%17.7%0%21.3%-4.3%
Rank within sector14 / 12065 / 118110 / 11099 / 10536 / 101
Quartile1st3rd4th4th2nd
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.
-1.43
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.
0.95
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.
0.52
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%.
11.77
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.
4.76
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.
-0.43
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 low188.9
Current bid price217.5
Current offer price217.5
Current mid price-
Region
No data available.
Industry sector
1A34.9%
2BBB31.1%
3AA15.07%
4Non-Rated10.68%
5AAA8.25%
Asset type
1Global Fixed Interest49.07%
2UK Fixed Interest48.52%
3Money Market2.36%
4Futures0.04%
Individual holdings
1ICE LONG GILT JUN17 FUTURE (EXP 28/06/17)2.52%
2ABERDEEN GLOBAL LIQUIDITY (LUX) STERLING Z32.45%
3EDF 5.5% BDS 17/10/41 GBP1000001.91%
4EUROPEAN INVESTMENT BANK 4.625% NTS 12/10/54 GBP10001.9%
5EUROPEAN INVESTMENT BANK 4.5% MTN 07/03/44 GBP10001.87%
6RWE FINANCE BV 6.125% MTN 06/07/39 GBP500001.59%
7AT&T INC 4.25% BDS 01/06/43 GBP1000001.53%
8VERIZON COMMUNICATIONS INC 4.75% MTN 17/02/34 GBP1000001.36%
9PFIZER INC 6.5% BDS 03/06/38 GBP500001.3%
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
Luke Hickmore08/09/2014Luke is responsible for managing credit bond portfolios for a wide variety of clients. He also covers the retail, pharmaceutical, household goods, transport and food sectors for the team. Before joining SWIP Luke worked for RIA Capital Markets in Edinburgh, where he was head of research and a member of the executive committee. Prior to this, he was an investment manager at Rathbone Unit Trust Management. His industry experience also includes time at Albert E Sharp and Lloyds Private Banking. Luke was awarded fellowship status of the Securities Institute in 1997 and holds the Investment Management Certificate.Luke has been with Swip since September 2007.
Pan European Credit Team08/09/2014
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Pension Protector Pension H
Initial charge-
Annual charge0.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.15%
Bid price122.8
Offer price122.8
Mid price-
CurrencyGBX
Price updated24/05/2017
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)0.88%
Bid price210.2
Offer price221.3
Mid price-
CurrencyGBX
Price updated24/05/2017
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 price217.5
Offer price217.5
Mid price-
CurrencyGBX
Price updated24/05/2017
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 price217.8
Offer price217.8
Mid price-
CurrencyGBX
Price updated24/05/2017
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)0.2%
Bid price206.4
Offer price206.4
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE542
Data provided by

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