Fact sheet: F&C Infltn Lkd Anuty Convrsn

Fund information
Fund name
F&C Inflation Linked Annuity Conversion 4 Acc
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund manager
  • Alex Soulsbysince 07/06/2012
Fund objective
The Fund seeks to provide a total return and to match a benchmark based on inflation-linked annuity prices with the aim of reducing the annuity conversion risk for pre-retirement funds. The Fund will invest predominantly in gilts and inflation-linked gilts and use interest rate, inflation and gilt derivatives designed to reduce the impact of adverse changes in average annuity rates as a result of changes in interest and inflation rates. The Fund may also invest at the Manager's discretion in transferable securities, money market instruments, cash, near cash and other derivative instruments and forward transactions. Derivatives will be used for meeting the investment objective of the Fund as well as for efficient portfolio management purposes.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
15.3%
1 Year rank in sector
18/20
Sector
UT UK Index - Linked Gilts
Yield
0.9%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.14%
Fund size
£73m (£59m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
78
Mid price
142.9
Top in this sector
Fund name1 Year
Insight UK Index Linked Bond20.9%
Fidelity Inst UK Idx Lkd Bd20.1%
Schroder Inst Index Lkd Bd20.1%
Blackrock Inst Bd Idx Lkd20.1%
BlackRock Idx Lnkd Gilt Trckr20.1%
...more in UT UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3%-6.2%11%15.3%40%-
Sector-3.7%-4.7%14.3%18.2%40%47.1%
Rank within sector4 / 2121 / 2118 / 2018 / 2017 / 19-
Quartile1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund18.6%-1.1%21.3%1%-
Sector21.5%-1.2%18%-0.3%0.2%
Rank within sector18 / 2013 / 202 / 191 / 19-
Quartile4th3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.07
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.96
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.7
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
11.6
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.84
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.2
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.97
Price movement
52 week high155.1
52 week low120.1
Current bid price-
Current offer price-
Current mid price142.9
Region
1UK99.88%
2Money Market0.12%
Industry sector
1Fixed Interest99.88%
2Money Market0.12%
Asset type
1UK Fixed Interest99.88%
2Money Market0.12%
Individual holdings
1TREASURY 0.75% IDX-LKD GILT 22/03/34 GBP0.0119.53%
2TREASURY 0.125% IDX LKD GILT 22/3/44 GBP0.0114%
3TREASURY 0.125% IDX GILT 22/03/24 GBP0.0110.36%
4TREASURY 0.5% IDX LKD GILT 22/3/50 GBP0.018.8%
5TREASURY 0.625% IDX-LKD GILT 22/3/40 GBP0.018.35%
6TREASURY 6% GILT 20285.8%
7TREASURY 0.125% IDX LKD GILT 22/03/29 GBP0.015.08%
8TREASURY 4.5% GILT 7/9/2034 GBP0.014.85%
9TREASURY 3.25% GILT 22/01/44 GBP0.014.7%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund objective
The Fund seeks to provide a total return and to match a benchmark based on inflation-linked annuity prices with the aim of reducing the annuity conversion risk for pre-retirement funds. The Fund will invest predominantly in gilts and inflation-linked gilts and use interest rate, inflation and gilt derivatives designed to reduce the impact of adverse changes in average annuity rates as a result of changes in interest and inflation rates. The Fund may also invest at the Manager's discretion in transferable securities, money market instruments, cash, near cash and other derivative instruments and forward transactions. Derivatives will be used for meeting the investment objective of the Fund as well as for efficient portfolio management purposes.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Alex Soulsby07/06/2012Alex Soulsby joined the Group in July 2006 and is Head of Liability Driven Investment. He has spent the last 9 years managing the LDI investments for pensions and insurance clients. Prior to joining, Alex worked at JP Morgan where he spent 8 years as an interest rate specialist, modelling exotic derivatives and subsequently structuring derivatives hedges for UK financial institutions. Alex has a BSc in Economics from LSE and a BA in Philosophy and Politics from the University of Durham.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
F&C Inflation Linked Annuity Conversion 4 Acc
Initial charge-
Annual charge-
Min single investment£10,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price142.9
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7GX
Data provided by

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