Fact sheet: FL Aviva Inv Prop Trust AP

Fund information
Fund name
FL Aviva Investors Property Trust AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Mike Luscombesince 26/06/2015
Underlying fund
Aviva Inv Property Trust
Fund objective
Aviva Investors state that the aim of the fund is to grow the investment and generate a level of income. The fund typically invests up to 90% in commercial property in the UK and can invest up to 30% in property related shares. From time to time a level of cash is held in the fund to enable property transactions and help meet withdrawal requests. The fund may also invest in shares, bonds, gilts, and other funds and can also invest in other investments allowed under UK fund rules. Derivative transactions may be used for the purposes of hedging or meeting the objective of the fund or both, and the outcome of the use of derivatives may lead to a higher risk profile of the fund.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Physical
Quick stats
1 Year return
-1.8%
1 Year rank in sector
134/157
Sector
PN UK Direct Property
Yield
-
Fund size
£7m (£9m 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.
19
Top in this sector
Fund name1 Year
Guardian Choices Property Pn23.4%
Guardian Property Pn23.4%
Pru UK Property Pn10.3%
OMW IPL Aviva Lm Prp Pn8.6%
OMW IPLAvPrPn7.9%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • London23.5%
    Money Market18.1%
    South East UK17.7%
    Northern UK17%
    Midlands13%
  • Retail - Property31.5%
    Offices - Property30.9%
    Cash & Cash Equivalents18.1%
    Industrial - Property15.6%
    Other - Property3.9%
  • Property81.9%
    Cash & Cash Equivalents18.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%1.8%3.4%-1.8%17%31.7%
Sector0.6%1.8%4.2%1.5%22.7%37.7%
Rank within sector30 / 16075 / 15992 / 158134 / 157114 / 153104 / 150
Quartile1st2nd3rd4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.2%-2.2%7.3%12.8%8%
Sector2.9%-0.7%9.7%14.3%6.9%
Rank within sector123 / 15995 / 157130 / 156103 / 15256 / 150
Quartile4th3rd4th3rd2nd
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.
1.23
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.
0.61
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.
0.68
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%.
2.91
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.
2.43
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.
-0.59
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.
0.5
Price movement
52 week high224.3
52 week low211
Current bid price-
Current offer price-
Current mid price218.3
Region
1London23.5%
2Money Market18.1%
3South East UK17.7%
4Northern UK17%
5Midlands13%
6UK10.7%
Industry sector
1Retail - Property31.5%
2Offices - Property30.9%
3Cash & Cash Equivalents18.1%
4Industrial - Property15.6%
5Other - Property3.9%
Asset type
1Property81.9%
2Cash & Cash Equivalents18.1%
Individual holdings
No data available.
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Aviva Investors state that the aim of the fund is to grow the investment and generate a level of income. The fund typically invests up to 90% in commercial property in the UK and can invest up to 30% in property related shares. From time to time a level of cash is held in the fund to enable property transactions and help meet withdrawal requests. The fund may also invest in shares, bonds, gilts, and other funds and can also invest in other investments allowed under UK fund rules. Derivative transactions may be used for the purposes of hedging or meeting the objective of the fund or both, and the outcome of the use of derivatives may lead to a higher risk profile of the fund.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Physical
Fund managers
NameSinceBiography
Mike Luscombe26/06/2015Joined: Joined Investment Industry in 1985 Main Responsibilities: Fund management of the Norwich Union Linked Property Fund. Experience & Qualifications: Mike joined the firm (as Commercial Union) in 1988. Previously, he worked in both private practice and at Legal & General. Mike holds a BSc (Hons) in Estate Management from Polytechnic of the South Bank and a Post-Graduate Diploma in Property Investment (RICS). He is a Member of the Royal Institution of Chartered Surveyors.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Aviva Investors Property Trust AP
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price218.3
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEY85
FL Aviva Investors Property Trust AP Inet
Initial charge-
Annual charge1.48%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price209.9
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEM64
Data provided by

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