Fact sheet: FL AXA Wlth Elite Def Mgd EP

Fund information
Fund name
FL AXA Wealth Elite Defensive Managed EP S3
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Architas Multi-Manager Limitedsince 01/01/2010
Underlying fund
AXA Wealth Elite DefeMgd Pn
Fund objective
AXA Wealth state that the fund aims to outperform the ABI Mixed Investment 0-35% Shares sector average over three-year rolling periods but short-term relative performance may be quite volatile. The fund targets an equity weighting of 2% less than the ABI maximum permitted equity content for the ABI Mixed Investment 0-35% Shares sector. Subject to these limits the mix between the various UK and international shares and fixed interest securities is then guided using the average of other funds in the sector. Separate specialist fund managers are then chosen for each asset class using continuing assessment under a strict selection criteria.
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7%
1 Year rank in sector
66/146
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£4m (£3m 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.
37
Bid price
185.1
Offer price
185.1
Top in this sector
Fund name1 Year
B&CE ThePplPnPre-Retm0.5%Pn16.6%
LV= BlackRock Consensus 35 Pn16.3%
FL Defensive Index FOF Pn15.6%
SL BlackRkConsensus 35 Pn15.3%
OMW BlackRock Consensus 3515.2%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK64.1%
    Money Market14.3%
    International8.7%
    Others6.1%
    Europe ex UK4.5%
  • No data available.
  • UK Gilts42.5%
    UK Equities15.3%
    Money Market11.7%
    UK Corporate Fixed Interest9.6%
    Europe ex UK Equities4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-3.5%4.9%7%18.2%37.4%
Sector-1.1%-0.9%7.4%9.9%21.5%38.9%
Rank within sector60 / 176125 / 17582 / 16666 / 14639 / 12533 / 95
Quartile2nd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.5%1.8%8.3%6%7.9%
Sector10.3%2.3%7.6%5.6%6.9%
Rank within sector66 / 14660 / 13537 / 12641 / 11339 / 96
Quartile2nd2nd2nd2nd2nd
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.
-1.41
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.
1.07
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.
0.48
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%.
4.87
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.
1.49
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.
-0.64
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.
0.91
Price movement
52 week high192.6
52 week low169.1
Current bid price185.1
Current offer price185.1
Current mid price-
Region
1UK64.1%
2Money Market14.3%
3International8.7%
4Others6.1%
5Europe ex UK4.5%
6North America2.3%
Industry sector
No data available.
Asset type
1UK Gilts42.5%
2UK Equities15.3%
3Money Market11.7%
4UK Corporate Fixed Interest9.6%
5Europe ex UK Equities4.7%
6Others4.6%
7UK Index-Linked Gilts4.2%
8North American Equities3.1%
9Global Fixed Interest2.9%
Individual holdings
1AXA WEALTH ELITE BOND PN S462.25%
2AXA WEALTH ELITE UK EQUITY PN S416.12%
3AXA WEALTH MONEY MARKET PN S47.9%
4AXA WEALTH ELITE EUROPEAN EQUITY PN S45.15%
5AXA WEALTH ELITE ALTERNATIVES PN3.98%
6AXA WEALTH ELITE NORTH AMERICAN EQUITY PN S43.2%
7AXA WEALTH ELITE JAPAN PN S41.18%
8AXA WEALTH ELITE GLOBAL EMERGING MARKETS PN S40.22%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
AXA Wealth state that the fund aims to outperform the ABI Mixed Investment 0-35% Shares sector average over three-year rolling periods but short-term relative performance may be quite volatile. The fund targets an equity weighting of 2% less than the ABI maximum permitted equity content for the ABI Mixed Investment 0-35% Shares sector. Subject to these limits the mix between the various UK and international shares and fixed interest securities is then guided using the average of other funds in the sector. Separate specialist fund managers are then chosen for each asset class using continuing assessment under a strict selection criteria.
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Architas Multi-Manager Limited01/01/2010
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL AXA Wealth Elite Defensive Managed EP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price232.7
Offer price232.7
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code09RI
FL AXA Wealth Elite Defensive Managed EP S3
Initial charge-
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.85%
Bid price185.1
Offer price185.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code09RJ
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.