Fact sheet: FL First State Gbl Res AP

Fund information
Fund name
FL First State Global Resources AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Joanne Warnersince 01/12/2006
  • Tal Lomnitzersince 01/07/2016
Underlying fund
First State Gbl Resrcs
Fund objective
First State state that the fund aims to generate income and grow investments. The fund invests in shares of companies around the world that are involved in natural resources and the energy industries. The managers may use their discretion when deciding which investments should be held by the fund.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
33.7%
1 Year rank in sector
22/63
Sector
PN Commodity & Energy
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.
187
Top in this sector
Fund name1 Year
FL JPM Natural Resources Pn43.3%
FL JPM Natural Res AP42.8%
Aviva JPM Nat Resources Pn42.8%
Scot Eq JPM Natrl Resrcs Pn41.8%
HLL JPM Natural Res Pn41.8%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • Canada41.2%
    Australia17.4%
    USA12.9%
    UK12.8%
    Brazil4.5%
  • Mineral Extraction30.1%
    Gold16.2%
    Oil & Gas - Integrated8.4%
    Oil & Gas Exploration & Production8.3%
    Other Metals7.9%
  • Commodity & Energy99%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-10.5%-3.7%33.7%1.4%-1.3%
Sector-1.4%-8.9%-0.3%23.6%6.9%-10.9%
Rank within sector40 / 6454 / 6451 / 6422 / 6327 / 616 / 57
Quartile3rd4th4th2nd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund-3.4%72%-30.6%-6.8%-12.8%
Sector-2.7%70.6%-24.9%-8.9%-25%
Rank within sector45 / 6438 / 6238 / 6127 / 6113 / 61
Quartile3rd3rd3rd2nd1st
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.
-1.28
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.
0.96
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.
-0.01
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%.
25.51
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.
8.83
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.
-0.18
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.
0.88
Price movement
52 week high377
52 week low240
Current bid price-
Current offer price-
Current mid price326.2
Region
1Canada41.2%
2Australia17.4%
3USA12.9%
4UK12.8%
5Brazil4.5%
6Money Market2.8%
7Peru2.2%
8China1.4%
9Sweden1.3%
Industry sector
1Mineral Extraction30.1%
2Gold16.2%
3Oil & Gas - Integrated8.4%
4Oil & Gas Exploration & Production8.3%
5Other Metals7.9%
6Oil & Gas Equipment & Services7.6%
7Iron & Steel Products5.7%
8Others4.5%
9Precious Metals & Stones4.5%
Asset type
1Commodity & Energy99%
2Money Market1%
Individual holdings
1BHP BILLITON PLC7%
2RIO TINTO5.8%
3GLENCORE PLC5.3%
4VALE S.A. SPONSORED ADR PFD CLASS A4.6%
5EXXON MOBIL CORP3.4%
6FRANCO NEVADA CORP3.1%
7CHEVRON CORP3%
8ENBRIDGE INC2.9%
9GOLDCORP INC2.4%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
First State state that the fund aims to generate income and grow investments. The fund invests in shares of companies around the world that are involved in natural resources and the energy industries. The managers may use their discretion when deciding which investments should be held by the fund.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
Joanne Warner01/12/2006Dr Joanne Warner joined First State Investments as a portfolio manager in August 1997 and became Head of Global Resources in June 2010. Joanne has been primary Portfolio Manager for the First State Global Resources Fund since 2006 as well as all publicly offered Global Resources long funds in Australia, Singapore and Hong Kong.Joanne has more than 13 years’ experience as a specialist Global Resources portfolio manager and analyst. She moved into the financial sector with the London based global mining specialist broker, T Hoare & Co, where she spent two years as an analyst before moving to Equitilink as a Fund Manager in the resources sector.Joanne holds a Bachelor of Applied Science (Applied Chemistry) from the University of Technology, Sydney, where she won the University Medal. She was awarded a Commonwealth Scholarship to study at the University of Oxford where she was awarded a PhD in Solid State Chemistry. In November 2007, she won the Outstanding Achievement Award for Mining Funds Management at the annual Mines and Money Conference, sponsored by the Mining Journal in London.
Tal Lomnitzer01/07/2016
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL First State Global Resources AP
Initial charge-
Annual charge0.91%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price326.2
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEY45
FL First State Global Resources AP Inet
Initial charge-
Annual charge1.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price296.9
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEN94
Data provided by

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