Fact sheet: Clerical Medical Non-Equity Pension

Fund information
Fund name
Clerical Medical Non-Equity Pension
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund managers
  • Matthew Daviessince 30/06/2013
  • Mark Henzellsince 30/06/2013
No data available.
Fund objective
The fund aims to provide a long-term total return by gaining exposure almost exclusively to a range of commercial property, fixed interest and index-linked stocks
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3.2%
1 Year rank in sector
113/195
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£97m (£109m 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.
25
Bid price
215.4
Offer price
226.7
Top in this sector
Fund name1 Year
Stan Life TM Levitas A Pn11.8%
Royal London Gvn Ret Inc Ptfl 5 Pn10.6%
Royal London Gvn Ret Inc Ptfl 4 Pn8.9%
Aegon BalancedPassiveLSPn8.6%
Pru Dynamic Growth ll Pn8.6%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK100%
  • Fixed Interest47.1%
    Property30.7%
    Money Market21.8%
    Futures0.4%
  • UK Fixed Interest47.1%
    Property30.7%
    Money Market21.8%
    Futures0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.6%0.9%3.2%13.5%24.8%
Sector0.7%1.1%0.8%4.2%23.4%36.7%
Rank within sector169 / 200148 / 200105 / 199113 / 195132 / 152104 / 128
Quartile4th3rd3rd3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund2.5%5.5%2.7%10.4%1.3%
Sector3.3%12.5%2.3%7.6%5.6%
Rank within sector143 / 197138 / 16740 / 15316 / 144119 / 132
Quartile3rd4th2nd1st4th
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.
1.79
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.
0.44
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.
0.39
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%.
3.06
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.
3.4
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.
-0.55
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.
0.41
Price movement
52 week high216.9
52 week low205.9
Current bid price215.4
Current offer price226.7
Current mid price-
Region
1UK100%
Industry sector
1Fixed Interest47.1%
2Property30.65%
3Money Market21.82%
4Futures0.43%
Asset type
1UK Fixed Interest47.1%
2Property30.65%
3Money Market21.82%
4Futures0.43%
Individual holdings
1SCOTTISH WIDOWS CORPORATE BOND W34.68%
2SCOTTISH WIDOWS POOLED PROPERTY ACS Y ACC30.65%
3ABERDEEN GLOBAL LIQUIDITY (LUX) STERLING K321.7%
4SCOTTISH WIDOWS GILT W12.17%
5IRS PAY FIXED 0.5529% GBP-LIBOR 27/04/2019 MLI 4000.84%
6IRS PAY FIXED 0.5563% GBP-LIBOR 26/04/2019 MLI 4000.84%
7IRS PAY FIXED 0.7839% GBP-LIBOR 27/04/2022 MLI 4000.82%
8IRS PAY FIXED 0.7969% GBP-LIBOR 26/04/2022 MLI 4000.82%
9IRS PAY FIXED 0.7037% GBP-LIBOR 27/04/2021 MLI 4000.74%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund objective
The fund aims to provide a long-term total return by gaining exposure almost exclusively to a range of commercial property, fixed interest and index-linked stocks
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Matthew Davies30/06/2013Matthew Davies manages the Fund. Matthew joined SWIP in October 2006 and has 11 years' investment management experience, 7 of which have been gained at SWIP.
Mark Henzell30/06/2013Mark is a member of the Multi-Asset Funds team. In addition, the team also run several multi-asset fund-of-fund portfolios, which include the Lloyds TSB mass market retail fund range. More recently Mark has been involved with the new wealth management business. Mark joined the group in 1996, initially as a desk dealer on the Far East and Japanese desks, before moving onto the global strategy team. He joined the balanced funds team in 2002.Previously, Mark worked at Baring Asset Management in London, initially on the graduate training programme, covering both Private Client Investments and Fixed Income securities. Mark has also spent time with Kleinwort Benson Securities with experience in the Eurobond and money markets.Mark holds a BSc (Hons) in Economics from Buckingham University, and an MPhil in Management, Economics and Politics from St Andrews University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Clerical Medical Non-Equity Pension
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price215.4
Offer price226.7
Mid price-
CurrencyGBX
Price updated15/10/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeCG21
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.