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
5.2%
1 Year rank in sector
933/961
Sector
PN Global Equities
Yield
-
Fund size
£9m (£7m last year)
Bid price
110.7
Offer price
110.7
Top in this sector
Fund name1 Year
AXA Wealth Sch ISF Gbl Recv Pn34.5%
OMW IPL M&G Global Dividend Pn32.2%
LV= M&G Global Div Pn32.2%
Aviva M&G Global Div Pn31.4%
Stan Life M&G Global Dividend Pn31.2%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA53%
    International14.9%
    Germany6.8%
    Japan5.7%
    UK5%
  • Financials20.8%
    Information Technology17.6%
    Health Care14.1%
    Industrials13.4%
    Consumer Discretionary11.9%
  • US Equities53%
    International Equities14.9%
    German Equities6.8%
    Japanese Equities5.7%
    UK Equities5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-1.4%3.5%5.2%--
Sector-1.9%2.7%15.4%17.8%32.6%78.7%
Rank within sector40 / 1039985 / 10351010 / 1025933 / 961--
Quartile1st4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.5%----
Sector17.7%3.7%7.8%21.4%11.2%
Rank within sector945 / 963----
Quartile4th
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 high113.8
52 week low93.6
Current bid price110.7
Current offer price110.7
Current mid price-
Region
1USA52.95%
2International14.92%
3Germany6.81%
4Japan5.68%
5UK4.99%
6Denmark4.28%
7Finland2.73%
8France2.59%
9Israel2.56%
Industry sector
1Financials20.76%
2Information Technology17.62%
3Health Care14.06%
4Industrials13.42%
5Consumer Discretionary11.86%
6Consumer Staples5.84%
7Materials4.51%
8Energy4.21%
9Utilities3.94%
Asset type
1US Equities52.95%
2International Equities14.92%
3German Equities6.81%
4Japanese Equities5.68%
5UK Equities4.99%
6Danish Equities4.28%
7Finnish Equities2.73%
8French Equities2.59%
9Israeli Equities2.56%
Individual holdings
1SAP SE4.6%
2SERVICE CORP INTL4.6%
3MICROSOFT CORP4.54%
4UNITEDHEALTH GROUP INC4.45%
5S&P GLOBAL INC3.63%
6DOVER CORP2.8%
7KONE OYJ2.73%
8GILEAD SCIENCES INC2.54%
9GUANGDONG INVESTMENT2.49%
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 price110.7
Offer price110.7
Mid price-
CurrencyGBX
Price updated01/12/2016
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 price1.1018
CurrencyGBP
Price updated30/11/2016
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.