Scottish Widows Strategic Growth Portfolio B

  • 247.50p
    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.

  • -
    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!

  • 1.50%
    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).

  • 1.62%
    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.

  • 1.60%
    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 11 December 2019

Fund summary

Sector Unclassified
Structure OEIC
Launched July, 1987
Size £221m
Yield 1.60%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.62%

Allocation

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Investment process

The fund aims to give long-term capital growth by investing mainly in equities but also in fixed interest securities. The portfolio will invest in both UK and overseas markets. Investments are held in funds within the Lloyds TSB Group.

Manager research

Average monthly relative returns

  • 14/15 -0.09%
  • 15/16 -0.16%
  • 16/17 0.02%
  • 17/18 -0.13%
  • 18/19 -0.05%

Bestinvest MRI

  • 3 years -0.05%
  • 5 years -0.08%
  • Career -0.05%
  • 3 years 60.60%
  • 5 years 53.20%
  • Career 73.20%

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

Jeff King

King is an investment director in the global strategy and balanced funds team. Since the start of 2004, he has been responsible for the implementation of strategy for SWIP’s mixed funds. Prior to that, he was a fund manager and analyst with their UK equity team. He joined SWIP in 1994 from Scottish Provident, where he spent five years as a UK equity analyst. From 1987 to 1989 he worked for BZW as a mining analyst, and spent six years in South Africa with Gold Fields. King holds a BSc in mining engineering from Strathclyde University.

Track record

Jeff King has 12.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from November 2008 - June 2016) there was a decline of 20% relative to the index. The worst absolute loss has been 49%.

Periods of worst performance

Absolute -49.00% (May 2007 - February 2009)
Relative -20.00% (November 2008 - June 2016)

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.

Allocation

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Top 10 holdings

Data accurate as at 28 June 2019

20.24% Scottish Widows Unit Trust Managers Global Growth Acc X
19.81% Halifax International Growth I
12.31% Halifax Uk Ftse All Share Index Tracker I
9.72% Scottish Widows Uk All Share Tracker X Acc
8.07% Aberdeen Investment Funds Uk I Swip High Yld Bnd Z
7.89% Scottish Widows Corporate Bond W
5.12% Scottish Widows Fundamental Index Uk Equity X
4.31% Scottish Widows Fundamental Low Volatility Index Uk Equity X
4.21% Scottish Widows Fundamental Index Global Equity X
4.1% Scottish Widows Fundamental Index Emerging Markets Equity X
Source: Trustnet

Sector breakdown

Equities 80.00%
High Yield Bond 8.00%
Fixed Interest 8.00%
Money Market 2.00%
Futures 1.00%

Key Investor Information

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