Fact sheet: FL Capital Grp Euro Bd Pn

Fund information
Fund name
FL Capital Group Euro Bond Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Thomas Hoghsince 30/09/2003
  • Mark Brettsince 30/09/2003
No data available.
Fund objective
Capital Group state that the fund seeks, over the long term, to generate a high level of current income consistent with prudent investment management by investing in Euro denominated investment grade bonds issued by governments and corporations as well as other fixed income securities. Preservation of capital is also a priority. The fund invests primarily in Euro denominated bonds that are admitted to an official listing or dealt in on another regulated market. It normally invests in securities from any country that is a member of the European Monetary Union and/or the Organisation for Economic Co-operation and Development as well as Hong Kong and Singapore. The fund may invest up to 10% in high yield bonds.
Benchmark
  • Citigroup Euro Broad Investment Grade (BIG) Bond Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
22.9%
1 Year rank in sector
35/132
Sector
PN Global Fixed Interest
Yield
-
Fund size
£0m (£0m 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.
83
Top in this sector
Fund name1 Year
FL GM Overseas Bond Pension30.7%
OMW M&G Glbl Government Bond29.4%
Pru Intnl Bd Pn27.3%
M&G PP International Bond Pn27%
AEGON Overseas Bond Pn26.3%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • Spain20.8%
    Italy20.3%
    Others18.1%
    Ireland9.4%
    Germany8.2%
  • Government Agency Bonds68.4%
    Corporate Bonds26.4%
    Cash & Cash Equivalents3.7%
    Asset/Mortgage-Backed Securities1.5%
  • Spanish Fixed Interest20.8%
    Italian Fixed Interest20.3%
    Global Fixed Interest18.1%
    Irish Fixed Interest9.4%
    German Fixed Interest8.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7%-3.2%11.5%22.9%21.7%36.6%
Sector-4%-2.3%6.7%13%17.7%20.3%
Rank within sector117 / 144110 / 14233 / 14135 / 13258 / 11010 / 91
Quartile4th4th1st2nd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund18.7%-3.8%6.4%4.2%7%
Sector12.6%-0.3%6.1%-3.6%3%
Rank within sector59 / 132109 / 12440 / 1105 / 10513 / 92
Quartile2nd4th2nd1st1st
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.
0.74
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.
1.23
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.
0.56
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%.
8.8
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.
5.48
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.
0.36
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.
0.62
Price movement
52 week high228.5
52 week low171
Current bid price-
Current offer price-
Current mid price209.8
Region
1Spain20.8%
2Italy20.3%
3Others18.1%
4Ireland9.4%
5Germany8.2%
6France7%
7Belgium4.4%
8USA4.3%
9Hungary3.8%
Industry sector
1Government Agency Bonds68.4%
2Corporate Bonds26.4%
3Cash & Cash Equivalents3.7%
4Asset/Mortgage-Backed Securities1.5%
Asset type
1Spanish Fixed Interest20.8%
2Italian Fixed Interest20.3%
3Global Fixed Interest18.1%
4Irish Fixed Interest9.4%
5German Fixed Interest8.2%
6French Fixed Interest7%
7Belgian Fixed Interest4.4%
8US Fixed Interest4.3%
9Hungarian Fixed Interest3.8%
Individual holdings
1INTESA SANPAOLO1.5%
2BPCE1.2%
3BANCO BILBAO VIZCAYA ARGENTARIA1.1%
4RABOBANK NEDERLAND1%
5HSBC HOLDINGS0.9%
6NN GROUP0.9%
7AXA0.8%
8ALLIANZ0.7%
9BT0.7%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Capital Group state that the fund seeks, over the long term, to generate a high level of current income consistent with prudent investment management by investing in Euro denominated investment grade bonds issued by governments and corporations as well as other fixed income securities. Preservation of capital is also a priority. The fund invests primarily in Euro denominated bonds that are admitted to an official listing or dealt in on another regulated market. It normally invests in securities from any country that is a member of the European Monetary Union and/or the Organisation for Economic Co-operation and Development as well as Hong Kong and Singapore. The fund may invest up to 10% in high yield bonds.
Benchmark
  • Citigroup Euro Broad Investment Grade (BIG) Bond Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Thomas Hogh30/09/2003Thomas H. Høgh is a fixed-income portfolio manager at Capital Group. He has 26 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, Thomas covered Yankee bonds, as well as various non-U.S. bond markets. Prior to joining Capital, Thomas held a number of positions at Privatbanken (now Nordea). He holds an MBA in finance, international business and management from Columbia Business School. He also holds a master’s degree in international economics and a bachelor’s degree in economics, both from the University of Copenhagen, Denmark. Thomas is based in London.
Mark Brett30/09/2003Mark A. Brett is a fixed-income portfolio manager at Capital Group. As a fixed-income investment analyst, he covers currency research. He has 34 years of investment experience and has been with Capital Group for 19 years. Prior to joining Capital, Mark was an economist and strategist with Barclays de Zoete Wedd (formerly de Zoete and Bevan) in London. In addition, he was a director of BZW Capital Markets Ltd. and a member of the London Stock Exchange. Currently, he is a member of the CFA Institute U.K. and is a fellow of the Chartered Institute for Securities and Investment. Mark is based in London.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Capital Group Euro Bond 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 price209.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF502
FL Capital Group Euro Bond 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)0.45%
Bid price-
Offer price-
Mid price201.79
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ22
Data provided by

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