Scottish Widows High Reserve A

Primarily targets income from a portfolio of both equities and bonds.

  • 134.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 386.10p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.25%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.37%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 4.50%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 23 January 2020, fund data last updated 08 July 2003

Fund summary

Sector UK Equity and Bond Income
Structure OEIC
Launched January, 1995
Size £273m
Yield 4.50%
Charging basis Capital
Dividends paid 5 Jan, 5 Apr, 5 Jul, 5 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.37%

Allocation

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Investment process

The fund's aim is to give an income, and the potential for long term capital growth, by investing mainly in shares and fixed interest securities (including corporate bonds) in the UK. The fund may also invest in Europe.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.08%
  • 17/18 -0.07%
  • 18/19 0.01%
  • 19/20 -0.31%

Bestinvest MRI

  • 3 years -0.12%
  • 5 years -0.06%
  • Career -0.12%
  • 3 years 46.00%
  • 5 years 64.10%
  • Career 46.40%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Matthew Davies / Mark Henzell

Track record

Matthew Davies / Mark Henzell has 9.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.12%. During the worst period of relative performance (from January 2010 - August 2019) there was a decline of 14% relative to the index. The worst absolute loss has been 12%.

Periods of worst performance

Absolute -12.00% (April 2011 - September 2011)
Relative -14.00% (January 2010 - August 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Top 10 holdings

Data accurate as at 30 September 2019

24.75% Scott Widows Unt Trst Mngr Ltd Swohr Fixed Income
6.85% Royal Dutch Shell
3.81% Glaxosmithkline
3.67% Hsbc Hldgs
3.17% Bp
2.45% Diageo
2.42% Rio Tinto
2.41% British American Tobacco
2.25% Unilever
2.16% Astrazeneca Plc
Source: Trustnet

Sector breakdown

Fixed Interest 25.00%
Financials 16.00%
Consumer Services 13.00%
Consumer Goods 12.00%
Oil & Gas 10.00%
Health Care 8.00%
Basic Materials 7.00%
Industrials 5.00%
Technology 2.00%
Utilities 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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