Fact sheet: FL GM Sterling IdxLkd Pn

Fund information
Fund name
FL GM Sterling Index-Linked Pension
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • David Dyersince 22/09/2004
  • John Madziyiresince 31/08/2006
Underlying fund
AXA Sterling Idx Linked Bd
Fund objective
The fund aims to generate returns by gaining exposure generally to Sterling denominated index-linked securities. Investments will include Sterling denominated fixed income securities which are issued by governments or companies. Investment is anywhere in the world. The fund may also invest in transferable securities, derivatives, money market instruments, deposits, collective investment schemes and cash holdings. The manager may use investment techniques to protect the value of the fund, including using interest rate futures and forward contracts in order to reduce the risks otherwise associated with making investments in currencies other than the fund's accounting currency. The manager may also use derivatives for the purposes of meeting the objective.
Benchmark
  • FTSE Actuaries UK Index-Linked Over 5 Years
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
16.4%
1 Year rank in sector
118/147
Sector
PN UK Index - Linked Gilts
Yield
-
Fund size
£6m (£6m 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
Bid price
1232
Offer price
1232.7
Top in this sector
Fund name1 Year
SSgA Uk Idx Lkd Gilt Mar 2062 Pn33.1%
SSgA UK Idx Lkd Gilt Nov2055 Pn26.2%
SSgA UK Idx Lkd Glt Mar 2050 Pn25.4%
L&G Ovr 15Yr IdxLkd GltsIdx Pn24.5%
SSgA MPF Ovr 15Y IL Gilt Pn24.5%
...more in PN UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

  • UK99.1%
    Money Market0.9%
  • Index Linked98.5%
    Money Market0.9%
    Corporate Bonds0.6%
  • UK Index-Linked98.5%
    Money Market0.9%
    Global Corporate Fixed Interest0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.6%-5.4%14.2%16.4%42.5%52.2%
Sector-3.5%-5.2%14.4%17.8%40.7%48.5%
Rank within sector135 / 15265 / 151100 / 151118 / 14772 / 13743 / 120
Quartile4th2nd3rd4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund20.3%-0.7%20.7%1%0.6%
Sector21.7%-1.5%18.7%0.1%-0.1%
Rank within sector119 / 14816 / 14134 / 13714 / 12920 / 120
Quartile4th1st1st1st1st
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.
0.22
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.
1.04
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.
0.72
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%.
12.09
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.
2.09
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.
0.3
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.
0.97
Price movement
52 week high1351
52 week low1024.1
Current bid price1232
Current offer price1232.7
Current mid price-
Region
1UK99.1%
2Money Market0.9%
Industry sector
1Index Linked98.47%
2Money Market0.9%
3Corporate Bonds0.63%
Asset type
1UK Index-Linked98.47%
2Money Market0.9%
3Global Corporate Fixed Interest0.63%
Individual holdings
1TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.016.1%
2TREASURY 0.125% IDX LKD GILT 22/03/46 GBP5.6%
3TSY I/L GILT 0.125% 22/03/495.6%
4TREASURY 0.375% IDX-LKD GILT 22/03/62 GBP5.5%
5TREASURY 0.75% IDX LKD GILT 22/11/47 GBP5.3%
6TREASURY 1.125% IDX GILT 22/11/37 GBP5.2%
7UK TREASURY IL 0.5% 22/11/20475.2%
8TREASURY 0.625% IDX-LKD GILT 22/3/40 GBP0.015.1%
9TREASURY 1.25% IDX-LKD GILT 22/11/27 GBP0.015.1%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to generate returns by gaining exposure generally to Sterling denominated index-linked securities. Investments will include Sterling denominated fixed income securities which are issued by governments or companies. Investment is anywhere in the world. The fund may also invest in transferable securities, derivatives, money market instruments, deposits, collective investment schemes and cash holdings. The manager may use investment techniques to protect the value of the fund, including using interest rate futures and forward contracts in order to reduce the risks otherwise associated with making investments in currencies other than the fund's accounting currency. The manager may also use derivatives for the purposes of meeting the objective.
Benchmark
  • FTSE Actuaries UK Index-Linked Over 5 Years
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
David Dyer22/09/2004David joined the AXA Group in September 1980 and is re-sponsible for a range of funds, with a particular focus on infla-tion-linked bonds and insurance company investments. In his long career with the Group, David has had experience across a wide range of asset classes including equities as well as the full spectrum of fixed-income investments. In particular David is recognised as a market leader in inflation products, having followed them ever since studying the issue of the very first UK index-linked gilt in 1981 when taking an actuarial investment exam. David holds a BSc (Hons) in Mathematics with Statistics from the University of Bristol and is a Fellow of the Institute of Actuaries.
John Madziyire31/08/2006John joined AXA IM in September 2006 and is a Sterling Rates Portfolio Manager, based in London. Prior to joining AXA IM, John spent three years with Legal & General Investment Management, where he managed a range of fixed income portfolios. He began his career as a Portfolio Analyst at State Street Global Advisors. John holds a BCom (Hons) in Financial Analysis & Portfolio Management and a BCom Economics and Finance, both from the University of Cape Town in South Africa and is a CFA® Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL GM Sterling Index-Linked Pension
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.2%
Bid price1232
Offer price1232.7
Mid price-
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP52
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.