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
  • 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
19.3%
1 Year rank in sector
117/151
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.
102
Bid price
1252.8
Offer price
1253.6
Top in this sector
Fund name1 Year
SSgA Uk Idx Lkd Gilt Mar 2062 Pn37.9%
SSgA UK Idx Lkd Gilt Nov2055 Pn30.5%
SSgA UK Idx Lkd Glt Mar 2050 Pn29.4%
L&G Ovr 15Yr IdxLkd GltsIdx Pn27.9%
SSgA MPF Ovr 15Y IL Gilt Pn27.9%
...more in PN UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

  • UK99%
    Money Market1%
  • AA98.3%
    Money Market1%
    A0.6%
    BBB0.1%
    BB0%
  • UK Index-Linked92.9%
    Global Index Linked6.1%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%1.6%-3.3%19.3%45.4%53.2%
Sector1.9%1.9%-2.8%19.5%42.9%47.6%
Rank within sector150 / 160143 / 158128 / 153117 / 15175 / 13842 / 123
Quartile4th4th4th4th3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund-0.6%23.1%-0.7%20.7%1%
Sector-0%23.8%-1.5%18.7%0.1%
Rank within sector158 / 158109 / 15018 / 14334 / 13714 / 129
Quartile4th3rd1st1st1st
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.
0.28
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.
0.8
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
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.
0.32
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 low1050.2
Current bid price1252.8
Current offer price1253.6
Current mid price-
Region
1UK98.96%
2Money Market1.04%
Industry sector
1AA98.27%
2Money Market1.04%
3A0.59%
4BBB0.07%
5BB0.03%
6AAA0.01%
Asset type
1UK Index-Linked92.85%
2Global Index Linked6.11%
3Money Market1.04%
Individual holdings
1TREASURY 0.375% IDX-LKD GILT 22/03/62 GBP5.9%
2TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.015.8%
3TREASURY 0.125% GILT 22/03/68 GBP0.015.7%
4UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1005.5%
5TREASURY 1.125% IDX GILT 22/11/37 GBP5.1%
6TREASURY 0.125% IDX LKD GILT 22/3/44 GBP0.015%
7TREASURY 0.5% IDX LKD GILT 22/3/50 GBP0.015%
8TREASURY 1.25% IDX-LKD GILT 22/11/27 GBP0.015%
9TREASURY 0.625% IDX-LKD GILT 22/3/40 GBP0.014.9%
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
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 price1252.8
Offer price1253.6
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP52
Data provided by

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