Fact sheet: Santander Enhncd Inc Pfl

Fund information

Fund name
Santander Enhanced Income Portfolio II
Fund company manager
Santander Asset Mgmt UK Ltd
Fund type
OEIC
Fund manager(s)
Graham Ashby
since 02/05/2016
Fund objective
The aim of the Fund is to provide investors with enhanced income returns, and holdings are likely to include but are not limited to UK shares, sale of covered call options, UK Fixed Interest Securities (from time to time) and cash deposits. Investment may also be in a mixture of collective investment schemes and other assets described in section 2.1 of the prospectus, including but not limited to fixed interest investments, warrants and derivatives.Enhanced IncomeThe fund will use a ‘covered call option strategy’ to help achieve an enhanced level of income. With this strategy, by selling call options, the fund manager in effect sells some of the potential future capital growth in some of the shares in exchange for an immediate lump sum. In doing this the manager takes on the risk that some capital appreciation may be given up on the portfolio in exchange for an enhanced level of income. The Manager receives a payment in exchange for taking this risk, hence increasing the income beyond the normal dividends received from the shares. Only some of the potential growth is sold in this way, and therefore the fund can still enjoy some capital growth. Additionally for some shares the strategy will not be adopted. This flexibility combined with the ability to invest in bonds ensures that the manager is able to adopt the strategy that is most efficient given market conditions at that time.
Benchmark
FTSE 350 Higher Yield
Investment style
None
Investment method
Shares

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

12.33 %

1 Year rank in sector

38/93

Sector

UT UK Equity Income

Yield

5.0692

Fund size

£ 49.0 m

FE Risk score

82

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    89.1%
  • Money Market
    4.59%
  • Norway
    3%
  • Spain
    2.49%
  • Netherlands
    1.23%
  • Financials
    28.44%
  • Consumer Discretionary
    12.76%
  • Consumer Staples
    11.16%
  • Energy
    10.78%
  • Materials
    7.3%
  • UK Equities
    87.9%
  • European Equities
    6.7%
  • Money Market
    4.2%
  • Global Corporate Fixed Interest
    1.2%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund4.09 %5.8 %12.33 %35.25 %53.47 %
Sector3.01 %6.08 %11.58 %34.98 %63.43 %
Rank within sector9 / 9851 / 9638 / 9350 / 8465 / 79
Quartile th1 st3 rd2 nd3 rd4 th

Calendar performance

YTD-20172016201520142013
Fund11.67 %4.52 %9.46 %3.74 %15.2 %
Sector9.92 %9.1 %4.93 %2.83 %24.83 %
Rank within sector22 / 9574 / 9021 / 8539 / 8377 / 79
Quartile th1 st4 th1 st2 nd4 th

Risk statistics

Alpha-0.71
Beta1.03
Sharpe0.48
Volatility9.16
Tracking error3.07
Information ratio-0.17
R-Squared0.89

Price movement

52 week high228.6
52 week low202
Current bid price0
Current offer price0
Current mid price226.3

Holdings by region

  • 89.1% UK
  • 4.59% Money Market
  • 3% Norway
  • 2.49% Spain
  • 1.23% Netherlands
  • 1.19% Bermuda
  • 0.99% Switzerland
  • 0.85% Germany
  • -3.45% Not Specified

Holdings by sector

  • 28.44% Financials
  • 12.76% Consumer Discretionary
  • 11.16% Consumer Staples
  • 10.78% Energy
  • 7.3% Materials
  • 7.26% Industrials
  • 5.85% Health Care
  • 4.87% Utilities
  • 4.59% Money Market
  • 4.55% Information Technology

Holdings by asset type

  • 87.9% UK Equities
  • 6.7% European Equities
  • 4.2% Money Market
  • 1.2% Global Corporate Fixed Interest

Individual holdings

  • 5.84% ROYAL DUTCH SHELL
  • 5.57% BRITISH AMERICAN TOBACCO
  • 4.87% GLAXOSMITHKLINE
  • 4.61% RIO TINTO
  • 3.34% BERKELEY GROUP HLDGS
  • 3.03% HSBC HLDGS
  • 3% DNB ASA
  • 2.99% PRUDENTIAL PLC
  • 2.7% CLOSE BROS GROUP
  • 2.51% SCHRODER NON-VOTING PLC