Fact sheet: FL F&C Responsible UK Inc EP

Fund information
Fund name
FL F&C Responsible UK Income EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Catherine Stanleysince 31/05/2009
Underlying fund
F&C Responsible UK Income
Fund objective
F&C state that the objective of the fund is to generate income with the prospect of capital growth. The manager seeks to achieve this by investing mainly in an ethically screened and diversified spread of UK equities. The ethical screening applied to the fund means that a number of the UK's largest companies are screened out on ethical grounds. As a result, the fund will usually include significant exposure to medium and smaller companies. The manager may also invest in other investments such as corporate bonds and derivatives. Investment is concentrated in UK companies whose products and operations are considered to be of long-term benefit to the community both at home and abroad, and will generally exclude those considered to be involved with harmful products and practices or which trade extensively with oppressive regimes.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
1.2%
1 Year rank in sector
185/225
Sector
PN UK Equity Income
Yield
-
Fund size
£3m (£3m 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.
70
Bid price
141.4
Offer price
141.4
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income23.2%
OMW IPLM&GGlLePn23%
FL Income Accumulation Pn19.8%
FL Schroder Inc AP19.6%
HLL Schroder Income Pn18.9%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK94.7%
    Money Market5.3%
  • Financials26.2%
    Others10.2%
    Fixed Interest9.8%
    Industrials9.5%
    Consumer Services9.1%
  • UK Equities84.9%
    Global Fixed Interest9.8%
    Money Market5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%-4.5%0.3%1.2%16.2%64%
Sector-0.1%-2.3%5.9%6.5%18.4%60%
Rank within sector88 / 229182 / 229218 / 229185 / 225144 / 20584 / 192
Quartile2nd4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.2%9.5%2.6%24%18.1%
Sector6.5%3.9%3.7%23.2%13.2%
Rank within sector199 / 22522 / 220144 / 20598 / 19741 / 192
Quartile4th1st3rd2nd1st
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.
0.1
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.
0.88
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.
0.16
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%.
8.96
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.
4.42
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.
-0.14
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.
0.77
Price movement
52 week high150.8
52 week low127
Current bid price141.4
Current offer price141.4
Current mid price-
Region
1UK94.7%
2Money Market5.3%
Industry sector
1Financials26.2%
2Others10.2%
3Fixed Interest9.8%
4Industrials9.5%
5Consumer Services9.1%
6Health Care8.9%
7Telecommunications7.4%
8Technology7.2%
9Utilities6.4%
Asset type
1UK Equities84.9%
2Global Fixed Interest9.8%
3Money Market5.3%
Individual holdings
1HSBC HLDGS5.7%
2GLAXOSMITHKLINE4.8%
3VODAFONE GROUP4.5%
4ASTRAZENECA PLC3.2%
5NATIONAL GRID2.8%
6LEGAL & GENERAL GROUP2.4%
7UNITED UTILITIES GROUP PLC2.3%
8MICRO FOCUS INTERNATIONAL2.2%
9LLOYDS BANKING GROUP PLC2.1%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
F&C state that the objective of the fund is to generate income with the prospect of capital growth. The manager seeks to achieve this by investing mainly in an ethically screened and diversified spread of UK equities. The ethical screening applied to the fund means that a number of the UK's largest companies are screened out on ethical grounds. As a result, the fund will usually include significant exposure to medium and smaller companies. The manager may also invest in other investments such as corporate bonds and derivatives. Investment is concentrated in UK companies whose products and operations are considered to be of long-term benefit to the community both at home and abroad, and will generally exclude those considered to be involved with harmful products and practices or which trade extensively with oppressive regimes.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Catherine Stanley31/05/2009Catherine Stanley is a Director of the European Equities team with specific responsibility for the Smaller Cap strategies. In June 2009, Catherine was appointed Lead Manager of the Stewardship Growth and Stewardship Income Funds. She joined the Group in 2000. Prior to this Catherine spent nine years at Framlington, where she managed both retail and institutional UK smaller company funds. She has an MA (Hons) in Geography from the University of Oxford and is a member of the CFA Society of the UK.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL F&C Responsible UK Income EP
Initial charge-
Annual charge1.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.28%
Bid price141.4
Offer price141.4
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW468
FL F&C Responsible UK Income EP S3
Initial charge-
Annual charge1.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.27%
Bid price142.1
Offer price142.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW469
Data provided by

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