Fact sheet: FL Cap Grp Gbl Hi Inc Opps Pn

Fund information
Fund name
FL Capital Group Global High Income Opportunities Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Laurentius Harrersince 06/05/1999
  • Robert Neithartsince 06/05/1999
  • David Daiglesince 30/04/2012
No data available.
Fund objective
Capital Group state that the fund seeks to provide, over the long term, a high level of total return. The fund invests primarily in emerging market government bonds and corporate high yield bonds from around the world, denominated in US Dollars and various national currencies (including emerging markets currencies). Investments in non-eligible investment countries and/or in non-regulated markets will not exceed 10% of the value of the fund. The benchmark of the fund is 50% Bloomberg Barclays US High Yield 2% Cap Index, 20% JPMorgan Global EMBI Index, 20% JPMorgan GBI-EM Global Diversified Index, 10% JPMorgan CEMBI Broad Diversified Index.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
35%
1 Year rank in sector
1/20
Sector
PN Global High Yield
Yield
-
Fund size
£10m (£10m 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.
92
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn35%
FL T. Rowe Pr Gbl Hi Yld Bd Pn32.4%
Canlife Tndle Emg Mkt Bond Pn28.6%
LV= Investec Emg Mkts Debt Pn25.8%
OMW Old Mutual Emg Mkt Dt25.8%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • USA35.5%
    Others29.6%
    Argentina6.9%
    Money Market5.4%
    India5.1%
  • Corporate Bonds51.1%
    Government Agency Bonds43.5%
    Cash & Cash Equivalents5.4%
  • US Fixed Interest35.5%
    Global Fixed Interest29.6%
    American Emerging Fixed Interest6.9%
    Money Market5.4%
    Indian Fixed Interest5.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.8%4.1%19.4%35%39.5%58.5%
Sector-3.9%-0.3%9.4%18%13.8%25.3%
Rank within sector9 / 212 / 213 / 211 / 203 / 162 / 11
Quartile2nd1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund35%-2.3%5.5%-0.4%12.6%
Sector18.9%-5.8%1.8%-3.4%13.7%
Rank within sector1 / 209 / 184 / 165 / 143 / 11
Quartile1st2nd1st2nd2nd
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.
6.95
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.
1.12
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.
0.83
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%.
10.27
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.
3.58
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.
2.06
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.
0.88
Price movement
52 week high335.2
52 week low222
Current bid price-
Current offer price-
Current mid price309.6
Region
1USA35.5%
2Others29.6%
3Argentina6.9%
4Money Market5.4%
5India5.1%
6Brazil5%
7Mexico4.8%
8Canada2.9%
9Indonesia2.5%
Industry sector
1Corporate Bonds51.1%
2Government Agency Bonds43.5%
3Cash & Cash Equivalents5.4%
Asset type
1US Fixed Interest35.5%
2Global Fixed Interest29.6%
3American Emerging Fixed Interest6.9%
4Money Market5.4%
5Indian Fixed Interest5.1%
6Brazilian Fixed Interest5%
7Mexican Fixed Interest4.8%
8Canadian Fixed Interest2.9%
9Indonesian Fixed Interest2.5%
Individual holdings
1INDIA GOVERNMENT5.1%
2ARGENTINA GOVERNMENT 4.5%
3BRAZIL GOVERNMENT3.3%
4MEXICO GOVERNMENT3.2%
5INDONESIA GOVERNMENT2.6%
6POLAND GOVERNMENT2.2%
7SOUTH AFRICA GOVERNMENT2%
8TURKEY GOVERNMENT2%
9CHENIERE ENERGY INC1.9%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Capital Group state that the fund seeks to provide, over the long term, a high level of total return. The fund invests primarily in emerging market government bonds and corporate high yield bonds from around the world, denominated in US Dollars and various national currencies (including emerging markets currencies). Investments in non-eligible investment countries and/or in non-regulated markets will not exceed 10% of the value of the fund. The benchmark of the fund is 50% Bloomberg Barclays US High Yield 2% Cap Index, 20% JPMorgan Global EMBI Index, 20% JPMorgan GBI-EM Global Diversified Index, 10% JPMorgan CEMBI Broad Diversified Index.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Laurentius Harrer06/05/1999Laurentius Harrer is a portfolio manager at Capital Group. He has 27 years of investment experience and has been with Capital Group for 22 years. Earlier in his career, as a fixed-income investment analyst at Capital, Laurentius covered emerging markets. Before joining Capital, he was a senior fixed-income portfolio manager specializing in global bond and currency markets for Metzler Investment in Frankfurt, Germany. Prior to that, Laurentius was in institutional sales with Bayerische Vereinsbank in Munich. He holds a bachelor’s degree in business administration from the University of Landshut in Germany. Laurentius is based in Los Angeles.
Robert Neithart06/05/1999Robert H. Neithart is a fixed-income portfolio manager at Capital Group. He is chairman of the Fixed Income Management Committee and of Capital Strategy Research, Inc. Rob's investment responsibilities are focused on global multi-currency fixed income, emerging market debt and global high income portfolios. He has 25 years of investment experience, all with Capital Group. Rob began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor,s degree in economics from Occidental College graduating cum laude. He also holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the National Association of Business Economists. Rob is based in Los Angeles.
David Daigle30/04/2012David A. Daigle is a fixed-income portfolio manager at Capital Group. As a fixed-income investment analyst, he covers wireless communications and building products companies. He has 18 years of investment experience, all with Capital Group. Earlier in his career at Capital, David covered multiple industries including health care, technology and directories. He holds an MBA from the University of Chicago Booth School of Business and a bachelor's degree in business administration from the University of Vermont. David is based in New York.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Capital Group Global High Income Opportunities Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price309.6
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF505
FL Capital Group Global High Income Opportunities Pn Inet
Initial charge-
Annual charge0.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price297.67
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ24
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