Fact sheet: FL Allianz Stg Bd EP

Fund information
Fund name
FL Allianz Strategic Bond EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Mike Riddellsince 30/11/2015
Underlying fund
Allianz Str Bd
Fund objective
Allianz state that the aim of the fund is to maximise total return, consistent with preservation of capital and prudent investment management, primarily through investment directly in debt securities issued by corporate, government, supranational institutions and local regional agencies or by gaining exposure indirectly through the use of derivatives, as well as any other security. The fund will invest internationally although at least 80% of it's assets will be invested in Sterling denominated (or hedged back to sterling) debt securities . The manager aims to achieve its objective by investing (directly or indirectly) in treasury bills, certificates of deposit, medium term notes, private placements, structured notes, preference shares, convertible bonds, gilts, investment grade and below investment grade bonds, bonds of emerging markets issuers, agency bonds and asset or mortgage backed securities or floating rate notes. The fund may also invest in deposits, derivatives and other money market instruments as well as collective investment schemes. The fund may use derivative instruments such as futures, options, options on swaps, swap agreements and currency forward contracts. The fund may use the derivative instruments listed above for hedging purposes and/or for investment purposes.
Benchmark
  • Bloomberg Barclays Global Aggregate (Hedged to Sterling)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3.3%
1 Year rank in sector
129/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£0m (£1m 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.
33
Bid price
183.1
Offer price
183.1
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.1%
Canlife AXA Fram Mgd Inc Pn9%
OMW AXA Framlington Mgd Inc8.3%
FL Artemis Stra Bd AP8.1%
Aviva Art Strategic Bd Pn8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK95%
    Money Market5%
  • Government Bonds68.2%
    Corporate Bonds17.7%
    Government Guaranteed13.4%
    Money Market5%
    Mortgage & Secured Bonds1.5%
  • UK Fixed Interest95%
    Money Market5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-4%-0.2%3.3%14.5%37.9%
Sector-0.6%-1.6%2.7%4.7%12.7%39.1%
Rank within sector171 / 172165 / 172164 / 172129 / 16863 / 15589 / 143
Quartile4th4th4th4th2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4%0.1%10.1%1.5%16.1%
Sector5.5%0.7%5.6%5.9%15.8%
Rank within sector131 / 16899 / 1635 / 155137 / 15177 / 143
Quartile4th3rd1st4th3rd
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.
0.56
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.
1.01
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.
0.23
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%.
4.64
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.
3.3
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.
0.16
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.
0.49
Price movement
52 week high192.1
52 week low174.4
Current bid price183.1
Current offer price183.1
Current mid price-
Region
1UK95%
2Money Market5%
Industry sector
1Government Bonds68.2%
2Corporate Bonds17.7%
3Government Guaranteed13.4%
4Money Market5%
5Mortgage & Secured Bonds1.5%
6Derivatives-5.8%
Asset type
1UK Fixed Interest95%
2Money Market5%
Individual holdings
1US TREASURY N/B FIX 1.750% 15.05.20237.04%
2ITALY(REPUBLIC OF) 1.6% BDS 01/06/26 EUR10005.91%
3US TREASURY N/B FIX 4.750% 15.02.20375.23%
4MEXICO(UNITED MEXICAN STATES) 8.5% BDS 13/12/18 MXN1004.57%
5US TREASURY N/B FIX 2.500% 15.02.20454.34%
6DENMARK(KINGDOM OF) 1.75% BDS 15/11/25 DKK0.014.25%
7UNITED STATES OF AMER TREAS NOTES 1.75% BDS 31/12/20 USD1003.87%
8SINGAPORE(GOVT OF) 3% BDS 01/09/24 SGD10003.45%
9JAPAN(GOVERNMENT OF) 0.4% BDS 20/03/56 JPY100000003.35%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Allianz state that the aim of the fund is to maximise total return, consistent with preservation of capital and prudent investment management, primarily through investment directly in debt securities issued by corporate, government, supranational institutions and local regional agencies or by gaining exposure indirectly through the use of derivatives, as well as any other security. The fund will invest internationally although at least 80% of it's assets will be invested in Sterling denominated (or hedged back to sterling) debt securities . The manager aims to achieve its objective by investing (directly or indirectly) in treasury bills, certificates of deposit, medium term notes, private placements, structured notes, preference shares, convertible bonds, gilts, investment grade and below investment grade bonds, bonds of emerging markets issuers, agency bonds and asset or mortgage backed securities or floating rate notes. The fund may also invest in deposits, derivatives and other money market instruments as well as collective investment schemes. The fund may use derivative instruments such as futures, options, options on swaps, swap agreements and currency forward contracts. The fund may use the derivative instruments listed above for hedging purposes and/or for investment purposes.
Benchmark
  • Bloomberg Barclays Global Aggregate (Hedged to Sterling)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mike Riddell30/11/2015Mike Riddell joined Allianz Global Investors on October 1st 2015 as a fixed income portfolio manager. Mike has nearly 15 years’ experience in fixed income having worked with M&G in London for 12 years, running bond portfolios, and prior to that at Premier Asset Management. As well as depth of experience, Mike’s experience is broad, including not only UK Bonds but also emerging markets and global mandates. In March 2010, he became fund manager of the M&G Emerging Markets Bond Fund, the M&G International Sovereign Bond Fund and the M&G Index-Linked Bond Fund. At the same time, he was appointed deputy fund manager of the M&G Global Macro Bond Fund and the M&G Gilt & Fixed Interest Income Fund, taking over as lead manager of the latter fund in February 2014. Mike graduated from Birmingham University in 2001 with a BSc (Hons) in Money, Banking and Finance, and is a CFA charter holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Allianz Strategic Bond EP
Initial charge-
Annual charge1.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.24%
Bid price183.1
Offer price183.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWK16
FL Allianz Strategic Bond EP S3
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.29%
Bid price155.5
Offer price155.5
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW205
Data provided by

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