Fact sheet: FL Franklin Mutual Sh AP

Fund information
Fund name
FL Franklin Mutual Shares AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Peter Langermansince 01/01/2007
  • Debbie Turnersince 01/01/2007
Underlying fund
Franklin Mutual Shares
Fund objective
Franklin Templeton state that the fund aims to increase the value of its investments and, to a lesser extent, to generate income over the long term. The fund invests mainly in equity securities and lower-quality debt securities issued by companies located in, or doing significant business in, the US. The fund can invest to a lesser extent in equity securities issued by companies involved in mergers, consolidations, liquidations or other major corporate transactions, debt securities issued by companies involved in reorganisation or financial restructuring, and equity or debt securities from issuers of any size located in any country.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
33.8%
1 Year rank in sector
29/309
Sector
PN North America
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.
100
Top in this sector
Fund name1 Year
Canlife North American Pn42.7%
FL Investec American AP38%
L&G Investec American Pn37.6%
Aviva Invtec American Pn37.4%
Zurich Investec American Pn37.1%
...more in PN North America

Performance snapshot

Holdings snapshot

  • USA87.9%
    Money Market5%
    UK3.6%
    Ireland0.9%
    Switzerland0.9%
  • Financials23.8%
    Information Technology15.2%
    Health Care14.5%
    Consumer Staples12.8%
    Consumer Discretionary11.4%
  • US Equities87.9%
    Cash & Cash Equivalents5%
    UK Equities3.6%
    Irish Equities0.9%
    Swiss Equities0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%10.1%26.4%33.8%60.1%139%
Sector1.5%7.1%21.9%26%57.5%121.8%
Rank within sector121 / 32131 / 32029 / 32029 / 309126 / 29650 / 269
Quartile2nd1st1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund34.2%1.3%17.5%31.1%9.9%
Sector25.9%4.4%18.7%29.2%7%
Rank within sector34 / 309255 / 304225 / 29686 / 28433 / 271
Quartile1st4th4th2nd1st
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.
1.63
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.
0.93
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.
1.19
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%.
11.19
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.
3.24
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.
0.17
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.
0.92
Price movement
52 week high502.8
52 week low333.1
Current bid price-
Current offer price-
Current mid price494.4
Region
1USA87.91%
2Money Market5.03%
3UK3.64%
4Ireland0.93%
5Switzerland0.93%
6Korea0.91%
7Israel0.65%
Industry sector
1Financials23.84%
2Information Technology15.23%
3Health Care14.47%
4Consumer Staples12.83%
5Consumer Discretionary11.44%
6Energy7.7%
7Cash & Cash Equivalents5.03%
8Industrials4.5%
9Materials3.44%
Asset type
1US Equities87.91%
2Cash & Cash Equivalents5.03%
3UK Equities3.64%
4Irish Equities0.93%
5Swiss Equities0.93%
6South Korean Equities0.91%
7Israeli Equities0.65%
Individual holdings
1MICROSOFT CORP4.76%
2MERCK & CO INC(NEW)4.02%
3MEDTRONIC INC3.85%
4PNC Financial Services Group Inc ORD2.68%
5AMERICAN INTERNATIONAL GROUP INC2.57%
6LILLY (ELI) & CO2.38%
7SYMANTEC CORP2.34%
8CISCO SYSTEMS INC2.08%
9WHITE MOUNTAINS INSURANCE GROUP2.04%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Franklin Templeton state that the fund aims to increase the value of its investments and, to a lesser extent, to generate income over the long term. The fund invests mainly in equity securities and lower-quality debt securities issued by companies located in, or doing significant business in, the US. The fund can invest to a lesser extent in equity securities issued by companies involved in mergers, consolidations, liquidations or other major corporate transactions, debt securities issued by companies involved in reorganisation or financial restructuring, and equity or debt securities from issuers of any size located in any country.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Peter Langerman01/01/2007Peter Langerman is chairman, president and CEO of Franklin Mutual Advisers, LLC (referred to as Mutual Series). He is co-portfolio manager of the Canadian Mutual Global Discovery Fund. He is also portfolio manager of the Luxemburg-registered FTIF Franklin Mutual Beacon Fund. Mr. Langerman initially joined Heine Securities Corporation (predecessor of Franklin Mutual Advisers, LLC) in June 1986. He served as CEO of Mutual Series beginning in 1998 and as chairman of the fund boards beginning in 2001, before leaving in 2002 to serve as director of New Jersey's Division of Investment, overseeing employee pension funds. He rejoined Mutual Series in 2005. Prior to 1986, Mr. Langerman was employed by Weil, Gotshal & Manges, one of the country's foremost specialists in large corporate bankruptcies and reorganizations. Mr. Langerman began his professional career in 1977 serving on the audit staff of Arthur Young and Company, where he earned his CPA designation. Mr. Langerman graduated magna cum laude from Yale University, earning his Bachelor of Arts degree in Russian studies. He holds a master's degree in accounting from New York University Graduate School of Business and received his Juris Doctor degree from Stanford University Law School. Mr. Langerman is treasurer and a member of the Board of Trustees of The Hopkins School (New Haven, CT), a member of the executive committee of United Jewish Communities MetroWest New Jersey, and past president of Temple Sinai (Summit, NJ).
Debbie Turner01/01/2007Debbie Turner is an assistant portfolio manager for Mutual Series. She has been in this role for Mutual Shares Fund since 2001 and is also portfolio manager of the Luxemburg-registered FTIF Franklin Mutual Beacon Fund. Ms. Turner specializes in analyzing several consumer industries including retail, gaming, lodging, leisure, restaurants, apparel, food, bottling companies and tobacco in North America and Europe. Ms. Turner has more than 17 years of experience in the investment management industry. Prior to joining Mutual Series in 1993, she was an associate analyst for Fred Alger Management. Ms. Turner earned a B.A. in economics from Vassar College. She is a Chartered Financial Analyst (CFA) Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Franklin Mutual Shares AP
Initial charge-
Annual charge0.71%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price494.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEX16
FL Franklin Mutual Shares AP Inet
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price462
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEM06
Data provided by

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