Fact sheet: FL BlackRock Gd & Gen EP

Fund information
Fund name
FL BlackRock Gold and General EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Evy Hambrosince 01/04/2009
  • Tom Hollsince 01/07/2015
Underlying fund
BlackRock Gold & General
Fund objective
BlackRock state that the fund aims to achieve long-term capital growth. The fund invests primarily in global equity securities of companies which derive a significant proportion of their income from gold mining or commodities such as precious metals. The fund has the flexibility to invest outside of the sector set out above. The fund may also invest in other transferable securities and units in collective investment schemes. The manager has discretion to select the fund's investments.
Benchmark
  • FTSE Gold Mines
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
14.9%
1 Year rank in sector
42/65
Sector
PN Commodity & Energy
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.
278
Bid price
236.3
Offer price
236.3
Top in this sector
Fund name1 Year
FL JPM Natural Resources Pn40.1%
MetLife Bcmk JPM Nat Res Gr Pn39.3%
Aviva JPM Nat Resources Pn38.9%
SIP JPM Nat Res Pn38.7%
FL MyM JPM Natural Res Pn38.1%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • Canada48.1%
    USA20.2%
    Australia13.4%
    UK13.2%
    Russia2.1%
  • Gold84.4%
    Precious Metals & Stones14.1%
    Money Market0.9%
    Other Metals0.7%
  • Commodity & Energy99.1%
    Money Market0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.5%-3.1%-10.2%14.9%35.6%-22.4%
Sector-4%-7.3%-3.9%23.2%6.2%-20.7%
Rank within sector54 / 666 / 6646 / 6642 / 655 / 6320 / 59
Quartile4th1st3rd3rd1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.3%78.3%-18.5%1.6%-46.6%
Sector-3.2%70.6%-24.9%-8.9%-25%
Rank within sector11 / 6629 / 6414 / 639 / 6344 / 63
Quartile1st2nd1st1st3rd
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.
8.42
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.
1.41
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.
0.22
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%.
38.23
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.
17.86
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.
0.42
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.
0.83
Price movement
52 week high311.2
52 week low200.1
Current bid price236.3
Current offer price236.3
Current mid price-
Region
1Canada48.05%
2USA20.23%
3Australia13.38%
4UK13.2%
5Russia2.05%
6Peru1.21%
7Mexico1%
8Money Market0.88%
Industry sector
1Gold84.35%
2Precious Metals & Stones14.06%
3Money Market0.88%
4Other Metals0.71%
Asset type
1Commodity & Energy99.12%
2Money Market0.88%
Individual holdings
1NEWCREST MINING9.57%
2RANDGOLD RESOURCES7.48%
3NEWMONT MINING CORP5.52%
4AGNICO EAGLE MINES5.42%
5FRANCO NEVADA CORP4.64%
6SILVER WHEATON CORP4.36%
7BARRICK GOLD CORP4.2%
8FRESNILLO PLC4.04%
9GOLDCORP INC4.02%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
BlackRock state that the fund aims to achieve long-term capital growth. The fund invests primarily in global equity securities of companies which derive a significant proportion of their income from gold mining or commodities such as precious metals. The fund has the flexibility to invest outside of the sector set out above. The fund may also invest in other transferable securities and units in collective investment schemes. The manager has discretion to select the fund's investments.
Benchmark
  • FTSE Gold Mines
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Evy Hambro01/04/2009Evy Hambro, Managing Director, is the joint Chief Investment Officer of the Natural Resources Equity team within BlackRock's EMEA Fundamental Equity Portfolio Management Group. He is responsible for the management of BGF World Mining, BGF World Gold, BlackRock Gold and General Fund and BlackRock World Mining Trust. He is also co-manager of BlackRock's Natural Resources Hedge Fund and manger of a number of segregated portfolios. Mr. Hambro's service with the firm dates back to 1994, including his years with Mercury Asset Management & Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Hambro earned a BSc degree, with honours, in Agricultural Food marketing, from Newcastle University in 1994.
Tom Holl01/07/2015Thomas Holl, Director and portfolio manager, is a member of the Natural Resources team within the Fundamental Equity division of BlackRock's Alpha Strategies Group. He is responsible for covering the mining and gold sectors. Mr. Holl moved to his current role in 2008. His service with the firm dates back to 2006, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Holl was a member of the Global Equity team and the Real Estate team as a member of the graduate training program. Mr. Holl earned a BA degree, with honors, in Land Economy from Cambridge University in 2006.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL BlackRock Gold and General EP
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.47%
Bid price236.3
Offer price236.3
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWK41
FL BlackRock Gold and General EP S3
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.47%
Bid price235.2
Offer price235.2
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW256
Data provided by

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