Fact sheet: FL AB Gbl Cre Eq Hd XE Pn

Fund information
Fund name
FL Alliance Bernstein Global Core Equity (Hedged) XE Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
No data available.
Underlying fund
AB Gbl Cr Eq Pfl
Fund objective
AllianceBernstein state that the objective of the fund is long-term growth of capital. The fund seeks to achieve its objective by investing in a portfolio of equity securities of issuers from markets around the world, including in emerging market and frontier market countries. The fund does not seek to have an investment bias towards any investment style, economic sector, country or company size. The fund may invest in common stocks, including initial public offerings, securities convertible into common stock, preferred stocks, REITs, depositary receipts (including American Depositary Receipts and Global Depositary Receipts), and exchange-traded funds. It may also invest in cash or cash equivalents and short-term fixed interest securities including money market instruments. The fund may use derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • MSCI AC World
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
15.2%
1 Year rank in sector
979/1001
Sector
PN Global Equities
Yield
-
Fund size
£10m (£7m 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.
85
Bid price
123.8
Offer price
123.8
Top in this sector
Fund name1 Year
Aegon Hend GlblTecPn46.9%
Baillie Gifford Lng Tm Gbl Gth Pn44.2%
Zurich BailGfrd LgTrmGblGth43.8%
FL Baillie Giff LT Gbl Gth Pn43%
Stan Life BGiff LgTmGlGtOEICPn42.8%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA51.9%
    Others17%
    Germany6.8%
    Denmark5%
    Japan4.9%
  • Financials22.3%
    Information Technology16%
    Health Care14.7%
    Industrials12.8%
    Consumer Discretionary12.6%
  • US Equities51.9%
    International Equities17%
    German Equities6.8%
    Danish Equities5%
    Japanese Equities4.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.7%6.3%11.8%15.2%--
Sector0.4%3.5%6.2%25.6%43.2%81.5%
Rank within sector18 / 105242 / 105011 / 1030979 / 1001--
Quartile1st1st1st4th
Calendar performance
 YTD - 20172016201520142013
Fund10.3%7%---
Sector4.5%22.4%3.7%7.8%21.4%
Rank within sector7 / 1035946 / 957---
Quartile1st4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high123.8
52 week low99.5
Current bid price123.8
Current offer price123.8
Current mid price-
Region
1USA51.87%
2Others17.01%
3Germany6.8%
4Denmark4.97%
5Japan4.93%
6UK3.55%
7China3.04%
8Singapore2.95%
9Switzerland2.46%
Industry sector
1Financials22.34%
2Information Technology15.96%
3Health Care14.67%
4Industrials12.79%
5Consumer Discretionary12.57%
6Telecommunications4.91%
7Utilities4.89%
8Consumer Staples4.66%
9Energy4.08%
Asset type
1US Equities51.87%
2International Equities17.01%
3German Equities6.8%
4Danish Equities4.97%
5Japanese Equities4.93%
6UK Equities3.55%
7Chinese Equities3.04%
8Singapore Equities2.95%
9Swiss Equities2.46%
Individual holdings
1SERVICE CORP INTL4.98%
2SAP SE4.59%
3MICROSOFT CORP4.47%
4ANTHEM INC4.12%
5MOODYS CORP3.45%
6GUANGDONG INVESTMENT3.04%
7Jyske Bank A/S ORD2.95%
8DOVER CORP2.92%
9S&P GLOBAL INC2.88%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
AllianceBernstein state that the objective of the fund is long-term growth of capital. The fund seeks to achieve its objective by investing in a portfolio of equity securities of issuers from markets around the world, including in emerging market and frontier market countries. The fund does not seek to have an investment bias towards any investment style, economic sector, country or company size. The fund may invest in common stocks, including initial public offerings, securities convertible into common stock, preferred stocks, REITs, depositary receipts (including American Depositary Receipts and Global Depositary Receipts), and exchange-traded funds. It may also invest in cash or cash equivalents and short-term fixed interest securities including money market instruments. The fund may use derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • MSCI AC World
Investment style
No data available.
Investment method
No data available.
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Alliance Bernstein Global Core Equity (Hedged) XE Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price123.8
Offer price123.8
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMC8Z
FL Alliance Bernstein Global Core Equity (Hedged) XE Pn Inet
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.47%
Bid price-
Offer price-
Mid price1.2288
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMC9A
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.