Scottish Widows High Reserve A

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

  • 127.90p Price (Inc)
  • 368.60p Price (Acc)
  • 0.00% Initial charge
  • 1.25% Annual management charge
  • 1.37% Ongoing charges
  • 4.60% Yield

Prices as at 09 December 2019, fund data last updated 08 July 2003

Fund summary

Sector UK Equity and Bond Income
Structure OEIC
Launched January, 1995
Size £270m
Yield 4.60%
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%

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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

  • 14/15 0.00%
  • 15/16 0.08%
  • 16/17 -0.07%
  • 17/18 0.01%
  • 18/19 -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 28 June 2019

24.84% Scott Widows Unt Trst Mngr Ltd Swohr Fixed Income
7.42% Royal Dutch Shell
3.64% Hsbc Hldgs
3.48% Glaxosmithkline
3.31% Bp
2.75% Rio Tinto
2.74% Diageo
2.41% Unilever
2.37% Bhp Group Plc
1.84% Vodafone Group
Source: Trustnet

Sector breakdown

Fixed Interest 25.00%
Financials 17.00%
Consumer Goods 12.00%
Oil & Gas 11.00%
Consumer Services 11.00%
Basic Materials 8.00%
Health Care 7.00%
Industrials 5.00%
Telecommunications 2.00%
Technology 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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