Fact sheet: FL Fixed Interest AP

Fund information
Fund name
FL Fixed Interest AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Paul Simmonssince 19/11/2015
  • Edward Hutchingssince 19/11/2015
  • Orla Garveysince 19/11/2015
  • Gabriela Schneidersince 19/11/2015
  • Chris Highamsince 19/11/2015
No data available.
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. The fund invests mainly in UK Government securities and other Sterling denominated fixed interest and index-linked securities. Non-Sterling bonds may also be held with any foreign currency exposure typically hedged back to Sterling. The fund can also invest in money market instruments and short-term bonds.
Benchmark
  • Composite
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.9%
1 Year rank in sector
120/174
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£182m (£598m 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.
47
Top in this sector
Fund name1 Year
OMW IPL F&C Real Dynamic LDI Pn49.9%
OMW IPL F&C Sht Pr Rl Dn LDI Pn48.1%
OMW IPL F&C Nominal Dyn LDI Pn33.4%
OMW IPL LGIM 2055IdxLkdGltPn27.3%
OMW IPL LGIMOvr15Yr I LGltPn23.8%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • No data available.
  • AA57.1%
    BBB27.2%
    A7%
    AAA4.6%
    Money Market3.1%
  • UK Gilts54.9%
    UK Corporate Fixed Interest40.7%
    Money Market3.3%
    Others0.6%
    Global Corporate Fixed Interest0.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-6.5%1.7%5.9%20.6%31.1%
Sector-2%-6.9%5.4%9%23.1%33.1%
Rank within sector65 / 17877 / 177146 / 177120 / 17462 / 14257 / 127
Quartile2nd2nd4th3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%0.6%12.8%-2%7.6%
Sector10.6%-1.2%13.9%-1.7%6.6%
Rank within sector123 / 17530 / 15357 / 14260 / 13652 / 127
Quartile3rd1st2nd2nd2nd
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.
0.47
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%.
6.59
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.
1.68
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.
-0.45
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.
0.95
Price movement
52 week high255.6
52 week low220.8
Current bid price-
Current offer price-
Current mid price236.9
Region
No data available.
Industry sector
1AA57.1%
2BBB27.17%
3A6.99%
4AAA4.56%
5Money Market3.1%
6Non-Rated0.55%
7BB0.52%
Asset type
1UK Gilts54.88%
2UK Corporate Fixed Interest40.66%
3Money Market3.3%
4Others0.64%
5Global Corporate Fixed Interest0.52%
Individual holdings
1TREASURY 2% GILT 22/07/20 GBP0.018.55%
2TREASURY 3.5% GILT 22/01/45 GBP7.79%
3TREASURY 1.5% GILT 22/07/26 GBP0.016.52%
4TREASURY 1.75% GILT 22/01/17 GBP0.015.17%
5TREASURY 4.25% GILT 07/12/405.12%
6TREASURY 1.5 GILT 22/01/21 GBP0.013.89%
7TREASURY 4.5% GILT 7/9/2034 GBP0.013.72%
8TREASURY 2.5% GILT 22/07/65 GBP0.13.45%
9TREASURY 3.75% GILT 22/07/52 GBP0.012.39%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. The fund invests mainly in UK Government securities and other Sterling denominated fixed interest and index-linked securities. Non-Sterling bonds may also be held with any foreign currency exposure typically hedged back to Sterling. The fund can also invest in money market instruments and short-term bonds.
Benchmark
  • Composite
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Simmons19/11/2015
Edward Hutchings19/11/2015Edward joined the investment industry in 2002 and Aviva Investors in 2004.He Carries out key analytical research of G4 markets and assists in the management of gilt and European government funds.Ed joined Aviva Investors in 2004 after one year of working for Pavilion Asset Management as a performance analyst.He holds a BA (Hons) in International Finance and Capital Markets from Brighton University. Ed also holds the CFA Society of the UK, Investment management Certificate and is a CFA charterholder.
Orla Garvey19/11/2015Orla joined SWIP in February 2010 as a Trainee Fund Manager in the Global Rates team. She focuses on Gilt and Index Linked Gilt portfolios. Prior to joining SWIP, Orla spent a year with the Representative Church Body in Ireland actively managing both a bond and UK & Irish equity portfolio. Orla has also spent two years as an equity analyst at NCB Stockbrokers in Dublin. Orla holds an MSc in Statistics from University College Dublin, as well as a BSc Financial and Actuarial Maths from Dublin City University.
Gabriela Schneider19/11/2015
Chris Higham19/11/2015Chris Higham is the head of Credit Multi-Strategy Fixed Income. He joined Aviva investors in 2007. Chris oversees a range of bond funds which invest across fixed-income assets, including investment-grade corporates, high-yield corporates, government, and emerging markets bonds. During 2013 the Aviva Investors Managed High Income Fund was awarded the Lipper Fund award within the Bond-Global High Yield category. In 2014 the Aviva Investors Strategic Bond Fund was the winner of the Investment Advisor 100 club Sterling Strategic Bond Fund of the year. Chris has managed the Strategic Bond Fund from launch in 2008. Chris has extensive investment experience. Prior to joining Aviva Investors he worked as a portfolio manager for Old Mutual Asset Managers. He joined the industry as a credit analyst. Chris graduated from Durham University with a BA (Hons) in Economics. He is an associate member of the UK Society Investment Professionals and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fixed Interest AP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price236.9
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ60
FL Fixed Interest AP 1
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price1675
Offer price1763.2
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP10
FL Fixed Interest AP 2
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price455.3
Offer price479.2
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSU08
FL Fixed Interest AP 4 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1767.4
Offer price1860.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ24
FL Fixed Interest AP 5 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2191.9
Offer price2307.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB69
FL Fixed Interest AP 8 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2191.9
Offer price2307.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ96
FL Fixed Interest AP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price233.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG791
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.