Fact sheet: Scot Wid HIFML Absolute Return

Fund information

Fund name
Scottish Widows HIFML Absolute Return I
Fund company manager
Scottish Widows Sh Cl HIFML
Fund type
OIC
Fund manager
Reza Vishkai
since 19/01/2009
Fund objective
To deliver positive absolute returns over rolling 12 month periods in all market conditions, by investing mainly in a range of absolute return funds which employ different strategies. The fund can invest in regulated and unregulated funds. This may involve investing up to 100% in funds managed by HBOS Investment Fund Managers Limited. Derivatives may be used for investment purposes, but it is not intended that doing so will change the fund's risk profile. There is no guarantee that the fund will deliver positive absolute returns over the specific, or any, time period.
Benchmark
LIBID GBP 3 month
Investment style
Absolute Return,Multi Strategy
Investment method
Mixed

Quick stats

1 Year return

2.29 %

1 Year rank in sector

55/71

Sector

UT Targeted Absolute Return

Yield
-
Fund size

£ 27.5 m

FE Risk score

11

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Structured Products
    21.7968%
  • Global Emerging Market Fixed Interest
    19.0326%
  • Global Fixed Interest
    18.5772%
  • Others
    16.282%
  • Money Market
    16.1769%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.38 %1.63 %2.29 %3.97 %14.61 %
Sector0.4 %2.49 %5.07 %7.68 %18.8 %
Rank within sector40 / 7843 / 7755 / 7140 / 5734 / 49
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Calendar performance

YTD-20172016201520142013
Fund1.51 %0.04 %1.28 %2.22 %4.86 %
Sector2.23 %0.97 %2.2 %2.51 %6.51 %
Rank within sector43 / 7746 / 7039 / 6437 / 5532 / 50
Quartile th3 rd3 rd3 rd3 rd3 rd

Risk statistics

Alpha-0.08
Beta0.54
Sharpe-0
Volatility1.51
Tracking error1.43
Information ratio-0.88
R-Squared0.39

Price movement

52 week high66.57
52 week low65.04
Current bid price0
Current offer price0
Current mid price65.68

Holdings by region

-

Holdings by sector

-

Holdings by asset type

  • 21.7968% Structured Products
  • 19.0326% Global Emerging Market Fixed Interest
  • 18.5772% Global Fixed Interest
  • 16.282% Others
  • 16.1769% Money Market
  • 8.5009% International Equities

Individual holdings

  • 21.8% ABSOLUTE INSIGHT FUNDS UK EQTY MKT NEUTRAL CLS SP GBP
  • 19.03% ABSOLUTE INSIGHT FUNDS EMERGING MARKET DEBT AP CHF
  • 18.58% ABSOLUTE INSIGHT CREDIT FUND
  • 16.28% ABSOLUTE INSIGHT FUNDS DYNAMIC OPPORTUNITIES AP EUR
  • 15.5% ABSOLUTE INSIGHT FUNDS CURRENCY AP CHF
  • 8.5% BNY MELLON ABSOLUTE RETURN EQUITY FUND
  • 0.68% INSIGHT LIQUIDITY FUND (ZERO MANAGEMENT FEE)