Fact sheet: FL Fixed Interest EP

Fund information
Fund name
FL Fixed Interest EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • James Vokinssince 01/07/2016
  • Kurt Knowlsonsince 01/07/2016
Underlying fund
FL Fixed Interest AP
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
  • BofA ML Sterling Broad Market Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.5%
1 Year rank in sector
103/174
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£0m (£0m 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.
49
Bid price
322.9
Offer price
322.9
Top in this sector
Fund name1 Year
OMW IPL F&C Sht Pr Rl Dn LDI Pn51.3%
OMW IPL F&C Real Dynamic LDI Pn50%
OMW IPL F&C Nominal Dyn LDI Pn34.6%
OMW IPL LGIM 2055IdxLkdGltPn25.5%
OMW IPL LGIMOvr15Yr I LGltPn22.5%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • No data available.
  • AA58.2%
    BBB25.4%
    A7.5%
    AAA5.3%
    Money Market2.9%
  • UK Gilts55.9%
    UK Corporate Fixed Interest40.7%
    Money Market2.9%
    Global Corporate Fixed Interest0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2.3%-2.5%6.5%21.3%29.8%
Sector0.5%2.6%-2.4%10.1%25.8%35.3%
Rank within sector30 / 18167 / 17962 / 178103 / 17474 / 14265 / 131
Quartile1st2nd2nd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1%9.2%0.4%12%-2.7%
Sector1%13.1%-1.2%13.9%-1.7%
Rank within sector65 / 179123 / 17445 / 15273 / 14180 / 134
Quartile2nd3rd2nd3rd3rd
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.
-0.12
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.
0.83
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%.
6.46
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.
1.95
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.
-0.71
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 high337.9
52 week low301.1
Current bid price322.9
Current offer price322.9
Current mid price-
Region
No data available.
Industry sector
1AA58.16%
2BBB25.44%
3A7.49%
4AAA5.35%
5Money Market2.87%
6Non-Rated0.55%
7BB0.52%
8Unknown-0.37%
Asset type
1UK Gilts55.92%
2UK Corporate Fixed Interest40.69%
3Money Market2.87%
4Global Corporate Fixed Interest0.53%
Individual holdings
1TREASURY 4.25% GILT 7/12/20278.71%
2TREASURY 2% GILT 22/07/20 GBP0.018.44%
3TREASURY 1.5% GILT 22/07/47 GBP15.11%
4TREASURY 4.25% GILT 07/12/404.96%
5TREASURY 1.75% GILT 22/01/17 GBP0.014.79%
6TREASURY 1.5% GILT 22/01/2021 GBP0.013.84%
7TREASURY 4.5% GILT 7/9/2034 GBP0.013.66%
8TREASURY 2.5% GILT 22/07/65 GBP0.13.42%
9TREASURY 3.75% GILT 22/07/52 GBP0.012.36%
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
  • BofA ML Sterling Broad Market Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
James Vokins01/07/2016James Vokins joined Aviva Investors in September 2005. He initially joined Aviva Investors as a graduate within the finance department, spending the first nine months of his employment within compliance and business risk. In October 2006 he moved to the c
Kurt Knowlson01/07/2016
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fixed Interest EP
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.45%
Bid price322.9
Offer price322.9
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1G7
FL Fixed Interest EP S3
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.45%
Bid price322.9
Offer price322.9
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1D6
Data provided by

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