Morningstar Fund Report  | 27/03/2025Print

Clerical Medical Balanced Pension Fund

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Clerical Medical Balanced Pension Fund
Fund13.3-8.57.46.62.1
+/-Sector2.71.3-0.9-1.3-0.5
 
Sector: Mixed Investment 40%-85% Shares (Pen)
Key Stats
NAV
26/03/2025		 GBX 1317.49
Day Change 0.22%
ABI Sector Mixed Investment 40%-85% Shares (Pen)
ISIN GB0002039955
Fund Size (Mil)
-		 -
Share Class Size (Mil)
-		 -
Stakeholder Yes
*  This rating and report were issued for the underlying fund and not the insurance product. Fees of insurance products may be higher, which can negatively impact returns. Insurance products may also hold cash outside the underlying fund, which can strongly affect performance.
Investment Objective: Clerical Medical Balanced Pension Fund
The Fund aims to achieve long-term capital growth by gaining exposure predominately to UK and overseas equities, with flexibility to gain a minority exposure to commercial property and fixed interest stocks.
Returns
Trailing Returns (GBP)26/03/2025
YTD0.57
3 Years Annualised2.94
5 Years Annualised7.18
10 Years Annualised4.04
12 Month Yield -
Management
Manager Name
Start Date
Matthew Merritt
01/03/2009
Inception Date
23/11/1987

Category Benchmark
Fund BenchmarkMorningstar Benchmark
CompositeMorningstar Gbl Growth TME NR USD
Portfolio Profile for  Clerical Medical Balanced Pension Fund-
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Top 5 Regions%
No Data Available
Top 5 Sectors%
No Data Available
Top 5 HoldingsSector%
No Data Available
Increase Decrease New since last portfolio
Clerical Medical Balanced Pension Fund
Growth Of 1000 (GBP) 28/02/2025
Fund:  Clerical Medical Balanced Pension Fund
Category:  Global Large-Cap Growth Equity
Category Index:  Morningstar Gbl Growth TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return-5.4713.25-3.9213.34-8.467.376.612.06
+/- Category-0.73-10.98-27.62-1.239.62-8.65-8.580.96
+/- Category Index----4.7310.51-14.93-17.342.31
% Rank in Category7198986410989230
Trailing Returns (GBP)26/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.22   0.111.44
1 Week0.49   -1.26-0.32
1 Month-1.95   2.543.82
3 Months0.32   3.898.28
6 Months0.99   -1.20-0.96
YTD0.57   3.436.09
1 Year4.13   1.55-2.53
3 Years Annualised2.94   -2.63-5.27
5 Years Annualised7.18   -3.86-5.94
10 Years Annualised4.04   -5.48-7.38
 
Category: Global Large-Cap Growth Equity
Category Index: Morningstar Gbl Growth TME NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20243.331.222.02-0.09
20232.17-0.520.994.60
2022-2.28-6.04-4.464.35
20213.694.351.563.15
2020-19.1310.05-1.479.56
 
 
 
Morningstar Rating™(Relative to ABI Sector)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-YearBelow AverageAverage2 star
10-YearBelow AverageAverage2 star
OverallBelow AverageAverage2 star
 
ABI Sector :  Mixed Investment 40%-85% Shares (Pen)  
Volatility Measurements28/02/2025
 
3-Yr Std Dev7.68 %
3-Yr Mean Return3.85 %
 
3-Yr Sharpe Ratio-0.01
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Growth TME NR USD  Morningstar UK Mod Adv Tgt Alloc NR GBP
3-Yr Beta0.600.86
3-Yr Alpha-3.70-2.96
 
Investment Style Details-
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil) --
Market Capitalisation% of Equity
Giant-
Large-
Medium-
Small-
Micro-
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings--
Price/Book--
Price/Sales--
Price/Cash Flow--
Dividend-Yield Factor--
 
Long-Term Projected Earnings Growth--
Historical Earnings Growth--
Sales Growth--
Cash-Flow Growth--
Book-Value Growth--
 
Category: Global Large-Cap Growth Equity
Asset Allocation-
 % Long% Short% Net Assets
World Regions-
 % of EquityRelative to Category
 
Category: Global Large-Cap Growth Equity
Sector Weightings-
 % of EquityRelative to Category
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings-
 Portfolio NEW
Total Number of Equity Holdings-
Total Number of Bond Holdings-
Assets in Top 10 Holdings -
NameSectorCountry% of Assets
No Data Available
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth Equity
 
Management
Name of CompanyScottish Widows Invst Solutions (CMIG)
Phone+44 (0)845 845 0066
Websitewww.scottishwidows.co.uk
AddressScottish Widows Investment Solutions (CMIG)
 Edinburgh   EH16 5WL
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
Inception Date23/11/1987
Fund Advisor(s)
Clerical Medical
Fund ManagerMatthew Merritt
Manager Start Date01/03/2009
 
Biography
Matthew joined Insight as Head of Strategy in September 2004. In November 2009 he was appointed Head of the Multi-Asset Strategy Group following the merger of Insight's Investment Strategy Unit and Multi-Asset Group. He joined from Citigroup where as Head of Global Equity Strategy for Smith Barney he ran a top-rated equity strategy unit. Prior to joining Citigroup in 2000 he was Managing Director, Chief Investment Strategist at ING Barings which he joined in 1996. This followed four years at NatWest Securities as a global investment strategist. He started his career at the Bank of England in 1989. Matthew holds an MSocSc from the University of Birmingham in Money, Banking and Finance and a BA (Hon) in Economics from Nottingham (Trent) University.
Fees and Expenses
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo