Fact sheet: FL Ethical Dist AP

Fund information
Fund name
FL Ethical Distribution AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Richard Marwoodsince 30/06/2008
No data available.
Fund objective
The fund aims to generate a growing income with some prospects for capital growth over the medium to long term. The fund invests in UK equities and Sterling denominated corporate bonds, in accordance with its ethical screening criteria. The fund may also invest in UK gilts as well as UK index-linked gilts. The manager reserves the right to invest some element of the portfolio in other geographical areas. The fund may also invest, at the manager’s discretion, in transferable securities, derivatives, units in collective investment schemes, money market instruments and short-term bonds. Use may be made of borrowing, cash holdings, hedging and other permitted investment techniques. Derivatives transactions may also be used for meeting the investment objectives of the fund.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
5%
1 Year rank in sector
328/462
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£40m (£40m 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.
54
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn19.6%
AXA Wealth TEAMS cl Gvn ptfl VPn17.7%
AXA Wealth TEAMS cl Gvn ptfl IVPn16.8%
FL Investec Caut Mgd Pn15.5%
FL Investec Cautious Mgd AP15.4%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • UK Equities52.4%
    UK Index-Linked25.6%
    UK Gilts12.7%
    Money Market7%
    International Equities2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-1.2%7.1%5%19.5%55.2%
Sector-2%-1.9%6%7.4%16.8%38.9%
Rank within sector11 / 529197 / 529155 / 517328 / 46293 / 39933 / 339
Quartile1st2nd2nd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund6.4%5.9%5.1%14.4%14.1%
Sector8.4%1.3%6%8.3%9.4%
Rank within sector296 / 46311 / 425207 / 39929 / 38134 / 339
Quartile3rd1st3rd1st1st
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.
0.66
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.
1.03
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.
0.39
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%.
7.1
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.
4.55
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.
0.16
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.
0.58
Price movement
52 week high149
52 week low125.1
Current bid price-
Current offer price-
Current mid price143.7
Region
No data available.
Industry sector
No data available.
Asset type
1UK Equities52.4%
2UK Index-Linked25.58%
3UK Gilts12.65%
4Money Market6.96%
5International Equities2.41%
Individual holdings
1TREASURY 2 1/2% IDX-LINKED GILT 20207.73%
2TREASURY 1.25% IDX-LKD GILT 22/11/17 GBP0.014.48%
3TREASURY 0.125% IDX-LKD GILT 22/11/19 GBP0.013.58%
4DIAGEO3.5%
5HSBC HLDGS2.83%
6UK TRSY 0.125% IL 03/242.51%
7PRUDENTIAL PLC2.5%
8BARCLAYS PLC1.88%
9STANDARD CHARTERED1.38%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to generate a growing income with some prospects for capital growth over the medium to long term. The fund invests in UK equities and Sterling denominated corporate bonds, in accordance with its ethical screening criteria. The fund may also invest in UK gilts as well as UK index-linked gilts. The manager reserves the right to invest some element of the portfolio in other geographical areas. The fund may also invest, at the manager’s discretion, in transferable securities, derivatives, units in collective investment schemes, money market instruments and short-term bonds. Use may be made of borrowing, cash holdings, hedging and other permitted investment techniques. Derivatives transactions may also be used for meeting the investment objectives of the fund.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
Equity, Fixed Interest
Fund managers
NameSinceBiography
Richard Marwood30/06/2008Richard joined RLAM in 2016, having worked at AXA Investment Managers for the preceding 19 years. He has run a wide range of UK Equity and multi-asset class portfolios, most notably AXA’s Distribution Fund franchise. Prior to working in The City Richard had an engineering background, having served an apprenticeship with British Aerospace. He holds a Mechanical Engineering Degree from Sheffield University and a PhD from Oxford University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Ethical Distribution AP
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 price143.7
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ59
FL Ethical Distribution AP 1
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price154
Offer price162.1
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQQ14
FL Ethical Distribution AP 8 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price169.1
Offer price178
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB79
FL Ethical Distribution AP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price271.3
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG781
Data provided by

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