Fact sheet: FL BlackRock UK Equity Pn

Fund information
Fund name
FL BlackRock UK Equity Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • James Macphersonsince 29/06/2002
  • Roland Arnoldsince 29/04/2010
  • Imran Sattarsince 29/09/2003
  • Nick McLeod-Clarkesince 29/09/2014
No data available.
Fund objective
BlackRock state that the fund aims to maximise the return through a combination of capital growth and income generation on the fund’s assets. The fund will largely invest in the equity securities of UK companies. The fund may invest in all economic sectors within the UK. The manager has discretion to select the fund's investments.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
6.9%
1 Year rank in sector
399/845
Sector
PN UK All Companies
Yield
-
Fund size
£42m (£43m 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.
107
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn41.4%
Countrywide Equity Pn20.1%
Fidelity UBS UK Select Pn19.1%
Halifax IM UK Growth Pn18.8%
CM UBS UK Opportunities Pension18.6%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK98.4%
    Money Market1.6%
  • Consumer Services26.7%
    Financials19.1%
    Consumer Goods12.5%
    Industrials12.1%
    Health Care9.7%
  • UK Equities98.4%
    Money Market1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-1.1%8.2%6.9%24.8%62.1%
Sector0.3%-1.7%5.7%5%14.6%56.5%
Rank within sector668 / 867270 / 864300 / 863399 / 84561 / 807260 / 758
Quartile4th2nd2nd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.1%7.8%3.1%21.3%12.3%
Sector5%4.4%0.6%24.2%15.4%
Rank within sector320 / 845252 / 833163 / 808506 / 787484 / 760
Quartile2nd2nd1st3rd3rd
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.
2.47
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.
1.13
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.
0.34
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%.
11.38
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.
3.18
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.
0.92
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.
0.93
Price movement
52 week high295.7
52 week low223.8
Current bid price-
Current offer price-
Current mid price280.4
Region
1UK98.38%
2Money Market1.62%
Industry sector
1Consumer Services26.72%
2Financials19.05%
3Consumer Goods12.48%
4Industrials12.07%
5Health Care9.66%
6Oil & Gas9.32%
7Basic Materials5.39%
8Telecommunications3.07%
9Money Market1.62%
Asset type
1UK Equities98.38%
2Money Market1.62%
Individual holdings
1BRITISH AMERICAN TOBACCO6.89%
2ROYAL DUTCH SHELL6.11%
3RELX PLC5.42%
4COMPASS GROUP5.06%
5WOLSELEY PLC4.53%
6SHIRE PLC4.43%
7LLOYDS BANKING GROUP PLC3.6%
8ASTRAZENECA PLC3.52%
9RIO TINTO3.5%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
BlackRock state that the fund aims to maximise the return through a combination of capital growth and income generation on the fund’s assets. The fund will largely invest in the equity securities of UK companies. The fund may invest in all economic sectors within the UK. The manager has discretion to select the fund's investments.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
James Macpherson29/06/2002James Macpherson, Managing Director and portfolio manager, is co-head of UK Equities within the Fundamental Equity division of BlackRock's Alpha Strategies Group, and a member of BlackRock's Leadership Committee. James is responsible for managing BGF UK Fund, and a number of institutional portfolios, including BlackRock UK Equity Fund. In addition to responsibility for UK Equity research, with a sector emphasis on Aerospace and Defence Industry securities. Mr Macpherson's service with the firm dates back to 1985 when he joined SG Warburg & Co as a graduate trainee, and including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr Macpherson was appointed a Managing Director in 1997 and Co-Head of UK Equities in 2000. Mr Macpherson was educated at Trinity College, Oxford where he was an Exhibitioner and gained a BA (Honours) in Politics, Philosophy and Economics in 1985.
Roland Arnold29/04/2010Roland Arnold, Director and Portfolio Manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Alpha Strategies Group. Mr Arnold's primary responsibility is managing small and mid cap UK equity portfolios, with a sector emphasis on Technology.Mr Arnold's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM in 2000, Mr Arnold worked at a UK retail bank as a performance and credit analyst. Mr Arnold earned a BA (Hones) in Economics and Management from Leeds University in 1998.
Imran Sattar29/09/2003Imran Sattar, Director, Fund Manager and CFA Charterholder, is a member of the UK Specialist Equity team. He is responsible for co-ordinating company research in the general financials sector. Imran began his investment career when he joined BlackRock as a graduate, having studied Mathematics and Economics at the University of Warwick. He initially worked in the Charities and Private Clients divisions before joining the UK Institutional team, and has over 14 years experience with the firm.
Nick McLeod-Clarke29/09/2014Nick McLeod-Clarke, Managing Director and portfolio manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Portfolio Management Group. Nick is co-head of the UK Income Fund and is responsible for managing UK equity portfolios for retail and institutional clients. Mr McLeod-Clarke's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM in 2001, Mr. McLeod-Clarke was co-head of UK Equities at Morley Fund Management, and head of Institutional Funds-UK Equities at Scottish Widows Investment Partnership. Mr. McLeod-Clarke earned a BA in Economics at University College Swansea in 1986, and an MSc in Finance from the London Business School in 1999.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL BlackRock UK Equity Pn
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.25%
Bid price-
Offer price-
Mid price280.4
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL98
FL BlackRock UK Equity Pn Inet
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price233.67
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOF92
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