Fact sheet: FL Artemis Strat Bd EP

Fund information
Fund name
FL Artemis Strategic Bond EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • James Fostersince 29/06/2005
  • Alex Ralphsince 29/06/2005
Underlying fund
Artemis Strategic Bond
Fund objective
Artemis state that the fund seeks to achieve a total return by investing predominantly in fixed income markets. The fund may selectively invest in other markets. Equal emphasis is given to the security of capital and income although from time to time one may take prominence over the other in accordance with the strategy being pursued. The fund will principally invest in UK fixed-interest securities with the aim of achieving a total return. The fund has discretion in its choice of investments and is not restricted by the size of the company or the industry it trades in. The fund can also invest in other fixed interest securities and preference shares. The fund may seek to profit from short positions in assets. It may also invest in derivatives to meet its investment objective, to protect the value of the fund, reduce costs and/or generate additional income.
Benchmark
  • iBoxx UK Sterling Non-Gilts
Investment style
None
Investment method
No data available.
Quick stats
1 Year return
7.5%
1 Year rank in sector
9/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£1m (£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.
28
Bid price
362.3
Offer price
362.3
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn8.8%
Canlife AXA Fram Mgd Inc Pn8.7%
OMW AXA Framlington Mgd Inc8.3%
Aviva Art Strategic Bd Pn8.2%
Aviva Higher Inc Plus Pn8.1%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK41.2%
    Money Market8.6%
    Netherlands6.8%
    France6.2%
    USA5.9%
  • Insurance12.9%
    Utilities12.9%
    Telecommunications Utilities11.6%
    Banks10%
    Financials9.5%
  • Global Investment Grade Fixed Interest39.1%
    UK Fixed Interest21.7%
    Money Market8.6%
    Luxembourg Fixed Interest5%
    US Fixed Interest4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-0.2%5.1%7.5%16.2%45%
Sector-0.7%-1.5%2.7%4.6%12.6%39.4%
Rank within sector75 / 17237 / 1728 / 1729 / 16833 / 15559 / 143
Quartile2nd1st1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.3%2.3%3.8%7.9%15.7%
Sector5.4%0.7%5.6%5.9%15.8%
Rank within sector8 / 16844 / 163122 / 15552 / 15184 / 143
Quartile1st2nd4th2nd3rd
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.
0.55
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.
1.14
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.
0.42
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%.
3.86
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.
1.32
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.
0.82
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.
0.9
Price movement
52 week high365.8
52 week low324.5
Current bid price362.3
Current offer price362.3
Current mid price-
Region
1UK41.21%
2Money Market8.57%
3Netherlands6.79%
4France6.23%
5USA5.88%
6Germany5.7%
7Ireland5.26%
8Luxembourg5%
9Jersey4.33%
Industry sector
1Insurance12.93%
2Utilities12.86%
3Telecommunications Utilities11.62%
4Banks10%
5Financials9.51%
6Money Market8.57%
7Consumer Services7.76%
8Energy4.46%
9Transport3.93%
Asset type
1Global Investment Grade Fixed Interest39.13%
2UK Fixed Interest21.69%
3Money Market8.57%
4Luxembourg Fixed Interest5%
5US Fixed Interest4.39%
6German Fixed Interest4.19%
7French Fixed Interest3.76%
8Irish Fixed Interest2.86%
9Dutch Fixed Interest2.68%
Individual holdings
1TREASURY 1.25% GILT 22/7/18 GBP0.012.11%
2ALLIANCE DATA SYSTEMS CORP 5.25% BDS 15/11/23 EUR100000 REG S1.52%
3ING BANK NV 4.125% BDS 21/11/23 USD10001.35%
4SSE PLC CAP SECS PERP USD2000001.32%
5RWE AG 7% NTS 20/03/19 GBP1000001.26%
6WILLOW NO. 2 IRELAND PLC 4.25% BDS 01/10/45 USD2000001.19%
7NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001.18%
8PGH CAPITAL PLC 5.75% GTD BDS 07/07/21 GBP1000001.18%
9EDF 6% UNDATED NTS GBP1000001.16%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Artemis state that the fund seeks to achieve a total return by investing predominantly in fixed income markets. The fund may selectively invest in other markets. Equal emphasis is given to the security of capital and income although from time to time one may take prominence over the other in accordance with the strategy being pursued. The fund will principally invest in UK fixed-interest securities with the aim of achieving a total return. The fund has discretion in its choice of investments and is not restricted by the size of the company or the industry it trades in. The fund can also invest in other fixed interest securities and preference shares. The fund may seek to profit from short positions in assets. It may also invest in derivatives to meet its investment objective, to protect the value of the fund, reduce costs and/or generate additional income.
Benchmark
  • iBoxx UK Sterling Non-Gilts
Investment style
None
Investment method
No data available.
Fund managers
NameSinceBiography
James Foster29/06/2005James joined Artemis in April 2005 from F&C Asset Management where he was the head of credit and was ultimately responsible for about 15bn of assets. He has 20 years' experience of managing bond funds and was one of the first to establish a retail bond fund in the UK. He has managed all the major bond asset classes, focusing more recently on discretionary bond portfolios. With Alex Ralph, James has managed the Artemis Strategic Bond Fund since launch in June 2005. He has also managed, with Jacob de Tusch-Lec, the Artemis Monthly Distribution Fund since its launch in May 2012.
Alex Ralph29/06/2005Alex graduated in 2000 from the London School of Economics. She then joined Royal Sun Alliance, training initially as a credit analyst. In 2002, Alex moved into retail bond fund management with ISIS, specialising in high yield bonds. Latterly, after the merger with F&C, Alex widened her experience to include duration and investment grade positioning. Alex is a CFA charterholder. She joined Artemis in April 2005 to manage the Strategic Bond fund alongside James Foster. Since March 2014 Alex has also managed the Artemis High Income Fund alongside Adrian Frost and Adrian Gosden.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Artemis Strategic Bond EP
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.04%
Bid price362.3
Offer price362.3
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRX8
FL Artemis Strategic Bond EP S3
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.04%
Bid price362.3
Offer price362.3
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRX9
Data provided by

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