Fact sheet: CM Schroder Mthly Hi Inc Pn

Fund information
Fund name
CM Schroder Monthly High Income Pension
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund managers
  • Michael Scottsince 31/07/2012
Underlying fund
Schroder Hi Yield Opps
Fund objective
To provide a high level of income, which is distributed monthly by investing in a diverse portfolio of bonds.
Benchmark
  • IA GBP High Yield
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.7%
1 Year rank in sector
4/54
Sector
PN Sterling High Yield
Yield
-
Fund size
£6m (£5m 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.
31
Bid price
269.9
Offer price
284.1
Top in this sector
Fund name1 Year
Zurich Royal Lon Stg ExYldBd Pn9.8%
MetLife Schroder Mthly Hi Inc Pn8.2%
Royal London InvescoPerpHYPn7.4%
CM Schroder Mthly Hi Inc Pn6.7%
L&G Schroder Hi Yield Opps Pn6.5%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK27.3%
    Italy13.6%
    USA12.5%
    France8.2%
    Luxembourg6.5%
  • Industrials66.1%
    Financials22.5%
    Government Agency Bonds4.1%
    Utilities3.8%
    Government Bonds3.7%
  • UK Fixed Interest28%
    Italian Fixed Interest13.6%
    US Fixed Interest12.5%
    French Fixed Interest8.2%
    Luxembourg Fixed Interest6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%1.5%2.5%6.7%26.6%45.8%
Sector-1.4%-0.1%0.4%3.6%15%29.5%
Rank within sector34 / 542 / 543 / 544 / 544 / 503 / 45
Quartile3rd1st1st1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-0%9.2%11.9%5.4%4.4%
Sector-1%6.1%11.2%-0.1%4.4%
Rank within sector4 / 544 / 5419 / 522 / 5013 / 45
Quartile1st1st2nd1st2nd
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.
3.27
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.
1.01
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.
1.17
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%.
4.58
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.
1.74
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.
1.9
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.
0.86
Price movement
52 week high274.6
52 week low252.6
Current bid price269.9
Current offer price284.1
Current mid price-
Region
1UK27.27%
2Italy13.59%
3USA12.45%
4France8.2%
5Luxembourg6.54%
6Spain6.34%
7Brazil4.29%
8Mexico3.28%
9Argentina2.78%
Industry sector
1Industrials66.09%
2Financials22.51%
3Government Agency Bonds4.06%
4Utilities3.81%
5Government Bonds3.71%
6Mortgage & Secured Bonds0.88%
7Derivatives0.62%
8Money Market-1.68%
Asset type
1UK Fixed Interest27.97%
2Italian Fixed Interest13.59%
3US Fixed Interest12.45%
4French Fixed Interest8.2%
5Luxembourg Fixed Interest6.54%
6Spanish Fixed Interest6.34%
7American Emerging Fixed Interest4.73%
8Brazilian Fixed Interest4.29%
9Mexican Fixed Interest3.28%
Individual holdings
1ALMAVIVA SPA 7.25% BDS 15/10/22 EUR1000001.74%
2ICELAND BONDCO PLC 4.625% BDS 15/03/25 GBP10001.58%
3SCHUMANN SPA 7% NTS 31/07/23 EUR1000REG S1.47%
4IFIS 4.5% BDS 17/10/27 EUR1000001.46%
5WFS GLOBAL HLDGS 9.5% BDS 15/07/22 EUR100000REG S1.44%
6VALLOUREC SA 4.125% BDS 04/10/22 EUR6.891.38%
7AMIGO LUXEMBOURG SA 7.625% BDS 15/01/24 GBP1000001.37%
8VIRGIN MEDIA RECEIVABLES FIN NOTES 5.5% BDS 15/09/24 GBP1000001.34%
9WIND TRE S.P.A. FRN 20/01/24 EUR10001.31%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund objective
To provide a high level of income, which is distributed monthly by investing in a diverse portfolio of bonds.
Benchmark
  • IA GBP High Yield
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Michael Scott31/07/2012Michael Scott transferred to the European and UK credit desk as a Portfolio Manager in 2010. He initially joined Schroders in 2006 as a European Industrials credit analyst, covering investment grade and high yield issuers. Prior to this, Michael worked at Cazenove from 2005. Michael holds a BA (Hons) degree in geography from Oxford University, and is a CFA charter holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
CM Schroder Monthly High Income Pension
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price269.9
Offer price284.1
Mid price-
CurrencyGBX
Price updated16/02/2018
Type-
Institutional or retail classRetail
Domicile-
Citi codeC665
CM Schroder Monthly High Income Pension 4
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price221.6
Offer price233.2
Mid price-
CurrencyGBX
Price updated16/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMABY
CM Schroder Monthly High Income Pension 6
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price259.3
Offer price259.3
Mid price-
CurrencyGBX
Price updated16/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMABZ
Data provided by

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