Fact sheet: Clerical Medical North Am Pension

Fund information
Fund name
Clerical Medical North American Pension
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund managers
  • Quantitative Investment Teamsince 29/09/2007
No data available.
Fund objective
The fund invests via the Halifax North American OEIC Fund. The North American OEIC Fund aim is: To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the S&P 500 Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index. This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight). * A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
12.2%
1 Year rank in sector
208/308
Sector
PN North America
Yield
-
Fund size
£166m (£164m 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.
109
Bid price
2671.4
Offer price
2811.9
Top in this sector
Fund name1 Year
Av Baill GiffNthAmEq XEPn28.3%
Baillie Gifford North American Pn28.2%
Av Baillie Giff Amr AP27.9%
SW BaillGiff NorthAmrEq Pn26.5%
Av BlGfNrthAmEqFPPn26.3%
...more in PN North America

Performance snapshot

Holdings snapshot

  • North America98.5%
    UK1.5%
  • Technology18.3%
    Financials15.7%
    Health Care13.9%
    Consumer Services12.4%
    Equities10.1%
  • North American Equities98.5%
    Futures1.3%
    Money Market0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%6.1%5.1%12.2%55.6%136.2%
Sector1.3%5.7%4.3%12.3%55.1%126.6%
Rank within sector189 / 319168 / 313148 / 312208 / 308159 / 288102 / 269
Quartile3rd3rd2nd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund9.1%32.8%4.1%23.1%29.8%
Sector9.6%30.9%4.4%18.7%29.2%
Rank within sector214 / 308131 / 293153 / 28814 / 280118 / 269
Quartile3rd2nd3rd1st2nd
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.
-0.51
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.
1.04
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.
0.91
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%.
12.06
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.
2.29
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.
0.02
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.
0.97
Price movement
52 week high2669.7
52 week low2381.8
Current bid price2671.4
Current offer price2811.9
Current mid price-
Region
1North America98.5%
2UK1.5%
Industry sector
1Technology18.26%
2Financials15.68%
3Health Care13.92%
4Consumer Services12.38%
5Equities10.07%
6Industrials9.36%
7Consumer Goods8.48%
8Oil & Gas4.41%
9Utilities2.73%
Asset type
1North American Equities98.51%
2Futures1.31%
3Money Market0.18%
Individual holdings
1APPLE INC3.73%
2MICROSOFT CORP2.26%
3JOHNSON & JOHNSON1.97%
4AMGEN INC1.61%
5FACEBOOK INC1.56%
6JPMORGAN CHASE & CO1.53%
7GILEAD SCIENCES INC1.51%
8CME S&P 500 EMINI DEC17 FUTURE (EXP 15/12/17)1.45%
9BOEING CO1.41%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund objective
The fund invests via the Halifax North American OEIC Fund. The North American OEIC Fund aim is: To achieve long term capital growth by investing predominantly in a portfolio of companies which are part of the S&P 500 Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. The Fund may only take limited positions away from the Index. This means there are limitations on the extent to which the Fund’s investment in various sectors* may differ to the Index. These limited positions can be more than is held in the Index (overweight) or less than is held in the Index (underweight). * A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Quantitative Investment Team29/09/2007
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Clerical Medical North American Pension
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2671.4
Offer price2811.9
Mid price-
CurrencyGBX
Price updated13/12/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeCZ36
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