Fact sheet: Scottish Widows SafetyPlusPn

Fund information
Fund name
Scottish Widows Safety Plus Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Andrew Dickinsonsince 21/09/2014
  • Money Markets Teamsince 21/09/2014
Underlying fund
Scot Wid Safety Plus
Fund objective
To give long-term capital growth, normally by investing primarily in shares of companies included in the Financial Times Stock Exchange 100 Index. The fund may move away from the policy of being primarily invested in shares when market conditions indicate that a better return is expected to be achieved by being invested in cash, near cash and/or deposits, and with or without options. To give a level of protection against major stockmarket falls through the use of a Safety Price. By ‘Safety Price’ we mean the lowest possible selling price which is guaranteed not to fall for a period of time, the ‘Safety Period’, normally 12 months. The Safety Price is set at 95% of the share price at the start of each Safety Period.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Equity
Quick stats
1 Year return
4.8%
1 Year rank in sector
29/70
Sector
PN Protected/Guaranteed
Yield
-
Fund size
£90m (£99m 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.
26
Bid price
124.8
Offer price
124.8
Top in this sector
Fund name1 Year
SLOC Confederation Staffguard Pn13.1%
SW PM Protection Pn12.2%
MetLife Protected Growth 70 Pn12.1%
Aviva Guaranteed Pn9.8%
Zurich Trk Prot Profits Pn8.5%
...more in PN Protected/Guaranteed

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.8%4.2%4.8%-4.4%-2.3%
Sector0.1%-0.3%2.8%3.5%8%16.1%
Rank within sector16 / 7120 / 7121 / 7129 / 7062 / 6357 / 58
Quartile1st2nd2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.3%-4.5%-4.7%4%-0.7%
Sector3.7%0.4%3.1%4.6%3.3%
Rank within sector30 / 7063 / 6462 / 6323 / 6358 / 59
Quartile2nd4th4th2nd4th
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.
-4.71
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.
1.27
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%.
4.05
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.
2.57
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.
-1.61
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.
0.63
Price movement
52 week high125.2
52 week low117.4
Current bid price124.8
Current offer price124.8
Current mid price-
Region
No data available.
Industry sector
1Money Market83.78%
2Fixed Interest8.29%
3Equities7.94%
Asset type
1Money Market92.06%
2UK Equities7.94%
Individual holdings
1FTSE 100 INDEX CALL 6100 (16/12/16) ETD8.99%
2ABERDEEN GLOBAL LIQUIDITY (LUX) STERLING Z38.81%
3CIC 0% CD 05/07/16-05/10/164.84%
4NATIONAL BANK OF ABU DHABI 0.55% CT OF DEP 21/11/16 GBP14.84%
5NATIONWIDE BUILDING SOCIETY 0.49% CT OF DEP 03/11/16 GBP14.84%
6NATIXIS SA CD 0.57PCT 29JUL16 01NOV16 GBP4.84%
7DZ BANK AG-DEUTSCHE ZENTRAL-GENOSBK 0.41% CT OF DEP 30/11/16 GBP14.83%
8QATAR NATL BANK LONDON 0% CD 18/07/16-18/11/164.49%
9LLOYDS BANK PLC 0.51% CT OF DEP 18/11/16 GBP14.15%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
To give long-term capital growth, normally by investing primarily in shares of companies included in the Financial Times Stock Exchange 100 Index. The fund may move away from the policy of being primarily invested in shares when market conditions indicate that a better return is expected to be achieved by being invested in cash, near cash and/or deposits, and with or without options. To give a level of protection against major stockmarket falls through the use of a Safety Price. By ‘Safety Price’ we mean the lowest possible selling price which is guaranteed not to fall for a period of time, the ‘Safety Period’, normally 12 months. The Safety Price is set at 95% of the share price at the start of each Safety Period.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Equity
Fund managers
NameSinceBiography
Andrew Dickinson21/09/2014Andrew Dickinson, Director, is Head of the Short Duration and Off-shore Cash Management teams. Andrew joined Credit Suisse in 1994 and worked in equities for the Private Bank in London, moving to fixed income management in Asset Management in 1996. Andrew's experience includes risk management and portfolio management of long duration and multi-currency portfolios, in addition to his current focus on the short end of the yield curve. Andrew earned a BA (Hons) in Economics and Information Technology from the University of Western England
Money Markets Team21/09/2014
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish Widows Safety Plus 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 price41.7
Offer price43.9
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSW55
Scottish Widows Safety Plus 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 price124.8
Offer price124.8
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeOV59
Scottish Widows Safety Plus 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 price124.9
Offer price124.9
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeBV21
Scottish Widows Safety Plus Pension Series 4
Initial charge-
Annual charge0.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price117.6
Offer price117.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE540
Data provided by

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