Fact sheet: FL Fixed Interest Pn

Fund information
Fund name
FL Fixed Interest Pn Acc
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Paul Gricesince 31/03/2006
  • John Cahillsince 31/03/2006
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
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.5%
1 Year rank in sector
127/175
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£51m (£52m 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
1357.7
Offer price
1429.2
Top in this sector
Fund name1 Year
OMW IPL F&C Real Dynamic LDI Pn41.3%
OMW IPL F&C Sht Pr Rl Dn LDI Pn39.5%
OMW IPL F&C Nominal Dyn LDI Pn33%
OMW IPL LGIM 2055IdxLkdGltPn26.3%
OMW IPL LGIMOvr15Yr I LGltPn23.6%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-6.9%1.4%6.5%19.8%32.8%
Sector-2%-6.4%4.4%9.6%24.2%34%
Rank within sector86 / 178123 / 179121 / 177127 / 17580 / 14249 / 127
Quartile2nd3rd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.9%-0.9%12.2%-1.2%9%
Sector10.8%-1.2%13.9%-1.7%6.6%
Rank within sector85 / 175131 / 15369 / 14236 / 13641 / 127
Quartile2nd4th2nd2nd2nd
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.
-0.19
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.
0.86
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.
0.39
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%.
6.51
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.
1.67
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.
-0.67
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.
0.96
Price movement
52 week high1474.4
52 week low1258.4
Current bid price1357.7
Current offer price1429.2
Current mid price-
Region
No data available.
Industry sector
1UK Gilts49.83%
2UK Corporate Bonds48.42%
3Money Market1.75%
Asset type
1UK Fixed Interest98.25%
2Money Market1.75%
Individual holdings
1TREASURY 2% GILT 22/07/20 GBP0.0110.27%
2TREASURY 1.5% GILT 22/07/26 GBP0.016.72%
3TREASURY 3.5% GILT 22/01/45 GBP6.69%
4TREASURY 4.25% GILT 07/12/404.94%
5TREASURY 1.75% GILT 22/01/17 GBP0.014.51%
6TREASURY 1.5 GILT 22/01/21 GBP0.013.78%
7TREASURY 4.5% GILT 7/9/2034 GBP0.013.37%
8TREASURY 2.5% GILT 22/07/65 GBP0.13.31%
9TREASURY 3.75% GILT 22/07/52 GBP0.012.33%
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
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Grice31/03/2006Paul Grice is a Director and Head of UK and Global government Bonds, having joined F&C in 2006. Prior to this, Paul worked as a Director within Fixed Income and Currencies at Baring Asset Management, where he was responsible for managing bond portfolios on behalf of UK pension funds. He has also worked as a Head of Desk at Lombard Odier International Portfolio Management Ltd, where he was responsible for bond and currency risk for a wide range of global portfolios for a global client base. Paul is a CFA Charterholder.
John Cahill31/03/2006John worked as a sovereign bonds fund manager at F&C Asset Management. John also spent four years at the Bank of England as a Corporate Finance analyst specialising in smaller quoted companies, and later as a sterling bond dealer/analyst where he managed the Bank of England's £3 billion sterling bond portfolio. He's even been voted the number one sell-side analyst in the Cantos City Young Guns poll. John studied Business and Economics at Durham University, and has an MSc in Economics for Development from Oxford University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fixed Interest Pn Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price1357.7
Offer price1429.2
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL10
FL Fixed Interest Pn Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price420
Offer price442.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL11
FL Fixed Interest Pn T Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1432.9
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLR06
FL Fixed Interest Pn T Cap
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price283.7
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLR07
Data provided by

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