Fact sheet: FL F&C MM Navig Select Pn

Fund information
Fund name
FL F&C MM Navigator Select Pn S2
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Paul Nivensince 31/08/2010
  • Gary Pottersince 31/08/2010
  • Rob Burdettsince 31/08/2010
Underlying fund
F&C MM Navigator Select
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 authorised and recognised collective investment schemes. The schemes will cover a wide spread of UK and international equities, including emerging markets, and fixed interest assets including an element of currency exposure. Equity exposure can be up to 100%. Schemes will be selected mainly from other managers. While the fund will invest mainly in collective investment schemes, it may also invest in other instruments such as derivatives to gain exposure to assets and to manage the portfolio efficiently.
Benchmark
  • IA Flexible Investment median
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
14.1%
1 Year rank in sector
156/422
Sector
PN Flexible Investment
Yield
-
Fund size
£7m (£13m 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.
62
Top in this sector
Fund name1 Year
Scot Eq UBS Stockmkt Mgd Pn28.6%
Aviva Variable Annuity CU Pn27.3%
FL Spicers Adventurous Pn25.6%
Aegon Mrc Divfd Gth Pn25.2%
OMW IPL F&CUK EqLkd GiltPn24.9%
...more in PN Flexible Investment

Performance snapshot

Holdings snapshot

  • North America18.6%
    UK16.2%
    Money Market14.7%
    Not Specified14%
    Pacific ex-Japan11.3%
  • No data available.
  • North American Equities18.6%
    UK Equities16.2%
    Money Market14.7%
    Asia Pacific ex Japan Equities11.3%
    Japanese Equities11.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%2.8%11.1%14.1%30.2%71%
Sector0.1%0.2%8.6%12%24.6%53.7%
Rank within sector291 / 48592 / 472201 / 464156 / 422102 / 30971 / 246
Quartile3rd1st2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund13.3%5.4%8%21.7%10.7%
Sector11.7%2.5%6.7%14.8%10.5%
Rank within sector183 / 43064 / 33596 / 30950 / 266163 / 249
Quartile2nd1st2nd1st3rd
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.
2.87
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.
0.94
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.
0.77
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%.
7.82
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.
4.45
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.
0.53
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.
0.68
Price movement
52 week high258.3
52 week low200
Current bid price-
Current offer price-
Current mid price249.5
Region
1North America18.59%
2UK16.24%
3Money Market14.7%
4Not Specified14%
5Pacific ex-Japan11.29%
6Japan11.18%
7Europe6.13%
8Global Emerging Markets4.32%
9International3.56%
Industry sector
No data available.
Asset type
1North American Equities18.59%
2UK Equities16.24%
3Money Market14.7%
4Asia Pacific ex Japan Equities11.29%
5Japanese Equities11.18%
6Others10.81%
7European Equities6.13%
8Global Emerging Market Equities4.32%
9Global Fixed Interest3.56%
Individual holdings
1ARTEMIS US EXTENDED ALPHA I ACC GBP5.9%
2CONVENTUM - LYRICAL FUND5.9%
3THE HERONBRIDGE UNITED KINGDOM EQUITY FUND5.9%
4BLACKROCK GF ASIAN GROWTH LEADERS A2 HEDGED AUD5.4%
5CC JAPAN ALPHA FUND4.7%
6FP CRUX EUROPEAN SPECIAL SITUATIONS FUND4.6%
7MAJEDIE ASSET MANAGEMENT TORTOISE FUND4.6%
8OLD MUTUAL UK SPECIALIST EQUITY FUND4.6%
9HERMES GLOBAL EMERGING MARKETS F ACC CHF4.4%
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 authorised and recognised collective investment schemes. The schemes will cover a wide spread of UK and international equities, including emerging markets, and fixed interest assets including an element of currency exposure. Equity exposure can be up to 100%. Schemes will be selected mainly from other managers. While the fund will invest mainly in collective investment schemes, it may also invest in other instruments such as derivatives to gain exposure to assets and to manage the portfolio efficiently.
Benchmark
  • IA Flexible Investment median
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Niven31/08/2010Paul Niven is Head of Multi-Asset Investment and Fund Manager of the Foreign and Colonial Investment Trust. Paul joined the firm in 1996 and has worked in Asset Allocation and Investment Strategy since 1999, after undertaking a fund management position in Pacific Basin Equities. Paul has had responsibility for the management of Multi-Asset mandates within the group since 2002 and is Chair of the Investment Policy Group. He is responsible for strategic and tactical portfolio construction as well as manager selection across a variety of institutional mandates. Paul graduated from the University of Strathclyde with a BA (Hons) in Accounting and Economics, obtained an MPhil in Finance, and is a member of the UK CFA Institute.
Gary Potter31/08/2010Gary Potter joined the Group in August 2007 to establish Thames River Multi-Capital, our multi-manager business which runs a range of funds of funds products including the F&C Lifestyle risk-rated funds. He was at Credit Suisse from 2001, jointly responsible with Robert Burdett for their Multi-Manager funds. He joined with three colleagues from Rothschild Asset Management Limited (RAM), where he was a main board director, jointly responsible for their Multi-Manager business. His investment experience commenced in 1981 in private client fund management where responsibilities extended to a specific focus on asset allocation and stock research, moving into the multi-manager field in 1992. He is a member of the Securities Institute.
Rob Burdett31/08/2010Robert Burdett joined Thames River in August 2007. He was at Credit Suisse from 2001 jointly responsible with Gary Potter for their Multi-Manager Funds. Prior to that he was at Rothschild Asset Management Limited (RAM) where he was a main board director and jointly responsible for their Multi-Manager business. His investment experience commenced in stockbroking in 1985, moving into multi-manager field in 1991. He is a Chartered Fellow of the The Chartered Institute for Securities & Investment and holds their diploma. He shares overall responsibility for the performance of the team’s portfolios with Gary Potter and leads research teams for UK, Japan, and European equities in particular
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
FL F&C MM Navigator Select Pn S2
Initial charge-
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price249.5
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAEK9
Data provided by

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