Provider Scottish Widows Unit Trust Managers Limited Administration The WM Company. Truste...
Scottish Widows Unit Trust Managers Limited
The WM Company.
The Royal Bank of Scotland.
Scottish Widows UK Sheltered Growth Trust.
The objective is to provide low risk long term capital growth by investing in a portfolio of shares being primarily shares of companies included in the FTSE-100 Index with an option overlay providing continuous downside protection.
The trust will be managed to ensure that its units are fully qualifying investments under the PEP Regulations as amended from time to time.
Open Ended Investment Company
This is an authorised unit trust
IMA general sector
Standard & Poor's Fund Management Rating @ 04/04/2002
FT Sectorised Risk
UK Cautious Balanced ' This Risk Profile balances exposure to UK equity and bond markets but favours capital preservation over growth opportunities.
FT Ratings Risk Level
The FT Ratings risk level for this fund is very low. The risk level rating indicates the volatility of the fund compared to its risk profile.
FT Charge rating
The charge rating given by FT Ratings is medium. This is based on the total expense ratios calculated by Fitzrovia.
FT Rating Performance
The FT rating for performance is very low. This is calculated by assessing all funds within the same risk profile and the rating is calculated to ignore the 'performance' inherent within the risk profile.
Fund is passively managed
The fund is actively managed.
Fund invests in other funds
This is not a fund of funds.
Yield as quoted by FundTracker
Bid/Offer Spread as quoted by FundTracker 5.36
Fund launch date
The fund was launched on 1st May 1996.
Initial Commission %
There is initial commission of 3% available.
Renewal Commission %
Renewal commission of 0.25% is available.
Minimum single lump sum investment
The minimum investment into the fund is £1,000.
Min additional investment (£)
The minimum additional investment is £100.
Minimum monthly premium (£)
The regular minimum premium is £10 per month.
Initial charge (%)
There is an initial charge of 5%.
Annual management charge (% pa)
There is an annual management charge of 1%.
Annual charge deducted from income or capital
The annual charge is deducted from income.
Exit charge for early redemption
No exit charges are levied.
Discount terms available
There are no discount terms available. However after 48 regular monthly payments a bonus of additional units equivalent to 1% of the value of units will be made. This does not apply to lump sum payments.
Share exchange scheme available
Minimum value of stock
Stock accepted Varies.
Minimum subsequent investment
Maximum cash return to client
Maximum balance of stock returned to client
Broker charges/pricing basis
This service is free of charge.
Day proceeds invested
As soon as proceeds known.
Capital protected fund
This is a capital protected fund.
Transfer PEP status of fund
The fund is available for inclusion in a PEP Transfer Plan.
ISA status of fund
This Fund is available for inclusion in an Individual Savings Account (ISA).
Dealing at previously fixed price No
Dealing at a price yet to be fixed
There is a fund valuation at 8 am. Deals are placed on a forward pricing basis.
Contract notes issued for registration purposes
Unit certificates are issued for all trusts except the cash trust which receives the initial contract note and a renunciation form.
Accumulation units only are issued.
Provider's web site
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till