Fact sheet: FL F&C MM Lifestyle Defsv AP

Fund information
Fund name
FL F&C MM Lifestyle Defensive AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • F&C Multi Manager Teamsince 30/06/2014
Underlying fund
F&C MM Lifestyle Defensive
Fund objective
F&C state that the fund's objective is to provide capital growth. The manager seeks to achieve this by investing mainly in a portfolio of shares in other authorised and recognised collective investment schemes including securities companies and money market schemes covering a wide spread of UK and international equities and fixed interest assets including an element of currency exposure. There will be a bias towards bonds. While the fund will invest mainly in collective investment schemes, it may also invest in other investments such as derivatives to increase, maintain and reduce the fund's investment exposures as well as to manage the portfolio efficiently. The benchmark of the fund is 32% IMA £ Corporate Bond Sector, 8.0% IPD UK Monthly (All Property), 9.5% IMA UK Equity Income, 9.5% IMA UK All Companies, 14% IMA North America, 7% IMA Europe (ex UK) Sector, 5% IMA UK Gilt, 5% Citigroup GBP 3 Months Euro Deposit, 5% IMA Japan Sector, 5% IMA Global Bonds.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
6.4%
1 Year rank in sector
245/462
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£1m (£1m 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.
41
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

  • UK45.4%
    Not Specified15.3%
    North America8.9%
    Money Market8%
    International7.7%
  • No data available.
  • UK Corporate Fixed Interest21.8%
    UK Equities17.8%
    North American Equities8.9%
    Money Market8%
    Property7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-0.3%4.9%6.4%20.7%53.4%
Sector-2%-1.9%6%7.4%16.8%38.9%
Rank within sector240 / 529128 / 529327 / 517245 / 46273 / 39938 / 339
Quartile2nd1st3rd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund6.7%5.2%6.7%14.6%11.3%
Sector8.4%1.3%6%8.3%9.4%
Rank within sector286 / 46318 / 425109 / 39926 / 381110 / 339
Quartile3rd1st2nd1st2nd
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.
1.77
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.
0.89
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.
0.63
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%.
5.1
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.
2.16
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.
0.52
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 high299.6
52 week low258.5
Current bid price-
Current offer price-
Current mid price291.7
Region
1UK45.4%
2Not Specified15.3%
3North America8.9%
4Money Market8%
5International7.7%
6Pacific ex-Japan7%
7Japan6.7%
8Europe ex UK1%
Industry sector
No data available.
Asset type
1UK Corporate Fixed Interest21.8%
2UK Equities17.8%
3North American Equities8.9%
4Money Market8%
5Property7.7%
6Asia Pacific ex Japan Equities7%
7Japanese Equities6.7%
8UK Gilts5.8%
9Global Fixed Interest4.6%
Individual holdings
1HSBC S&P 500 GBP8.3%
2HSBC S&P 500 GBP8.3%
3HERMES GLOBAL EMERGING MARKETS F ACC CHF7.8%
4ROYAL LONDON STERLING CREDIT FUND7%
5F&C FTSE ALL-SHARE TRACKER FUND6.5%
6RIVER AND MERCANTILE UK EQUITY INCOME FUND6.1%
7MAJEDIE UK INCOME A5.9%
8MAJEDIE ASSET MANAGEMENT US EQUITY FUND5.8%
9MAN GLG UNDERVALUED ASSETS FUND5.8%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
F&C state that the fund's objective is to provide capital growth. The manager seeks to achieve this by investing mainly in a portfolio of shares in other authorised and recognised collective investment schemes including securities companies and money market schemes covering a wide spread of UK and international equities and fixed interest assets including an element of currency exposure. There will be a bias towards bonds. While the fund will invest mainly in collective investment schemes, it may also invest in other investments such as derivatives to increase, maintain and reduce the fund's investment exposures as well as to manage the portfolio efficiently. The benchmark of the fund is 32% IMA £ Corporate Bond Sector, 8.0% IPD UK Monthly (All Property), 9.5% IMA UK Equity Income, 9.5% IMA UK All Companies, 14% IMA North America, 7% IMA Europe (ex UK) Sector, 5% IMA UK Gilt, 5% Citigroup GBP 3 Months Euro Deposit, 5% IMA Japan Sector, 5% IMA Global Bonds.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Equity, Fixed Interest
Fund managers
NameSinceBiography
F&C Multi Manager Team30/06/2014
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL F&C MM Lifestyle Defensive AP
Initial charge-
Annual charge1.24%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price291.7
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAEW1
FL F&C MM Lifestyle Defensive AP Inet
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.4%
Bid price-
Offer price-
Mid price244.9
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAGS8
Data provided by

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