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 30/06/2016
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
  • HSBC Global Mining Index
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
61.8%
1 Year rank in sector
48/64
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.
180
Top in this sector
Fund name1 Year
L&G Investec Global Gold Pn88.4%
OMW Investec Global Gold87.4%
Aviva Invtec Gbl Gold Pn82.1%
FL BR Gold & General Pn80%
SIP BR Gold & Gen Pn78.8%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • Canada40.7%
    Australia19.3%
    USA16.5%
    UK13.3%
    Money Market2.1%
  • Mineral Extraction29.3%
    Gold19.2%
    Oil & Gas - Integrated14%
    Precious Metals & Stones9.4%
    Other Metals7.4%
  • Commodity & Energy97.9%
    Money Market2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%13.7%35.5%61.8%9.4%-18%
Sector-4.7%3.7%24.2%61.8%11.2%-28%
Rank within sector37 / 6621 / 6625 / 6448 / 6430 / 6310 / 58
Quartile3rd2nd2nd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund68.1%-30.6%-6.8%-12.8%-7.8%
Sector64%-24.9%-8.9%-25%-8.8%
Rank within sector34 / 6439 / 6329 / 6313 / 6312 / 58
Quartile3rd3rd2nd1st1st
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.
-0.78
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.
-0.01
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%.
25.29
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.
8.63
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.
-0.12
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.
0.89
Price movement
52 week high341.7
52 week low171.6
Current bid price-
Current offer price-
Current mid price330
Region
1Canada40.7%
2Australia19.3%
3USA16.5%
4UK13.3%
5Money Market2.1%
6Korea1.9%
7Peru1.6%
8Sweden1.4%
9China1%
Industry sector
1Mineral Extraction29.3%
2Gold19.2%
3Oil & Gas - Integrated14%
4Precious Metals & Stones9.4%
5Other Metals7.4%
6Oil & Gas Exploration & Production6.5%
7Oil & Gas Equipment & Services5.5%
8Coal3.4%
9Others3.2%
Asset type
1Commodity & Energy97.9%
2Money Market2.1%
Individual holdings
1BHP BILLITON PLC7.7%
2EXXON MOBIL CORP7.1%
3RIO TINTO5.9%
4GLENCORE PLC4.7%
5FRANCO NEVADA CORP3.2%
6CHEVRON CORP3.1%
7GOLDCORP INC2.8%
8SUNCOR ENERGY INC(NEW)2.7%
9ENBRIDGE 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
  • HSBC Global Mining 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 Lomnitzer30/06/2016
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 price330
CurrencyGBX
Price updated01/12/2016
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 price301.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEN94
Data provided by

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