Fact sheet: FL Global Managed AP

Fund information
Fund name
FL Global Managed AP 8
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Gavin Counsellsince 19/11/2015
No data available.
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. This is a managed fund that normally invests directly or indirectly in UK and overseas equities. The fund may also invest in any other equity, convertible, warrant or bond, including index-linked bonds. The fund may use derivatives for investment purposes.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
15.4%
1 Year rank in sector
91/422
Sector
PN Flexible Investment
Yield
-
Fund size
£149m (£139m 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.
82
Bid price
668.6
Offer price
703.8
Top in this sector
Fund name1 Year
Aviva Variable Annuity CU Pn27.3%
Scot Eq UBS Stockmkt Mgd Pn25.9%
Aegon Mrc Divfd Gth Pn23.8%
FL Threadneedle Gbl Equ Inc Pn23.7%
FL Spicers Adventurous Pn23.3%
...more in PN Flexible Investment

Performance snapshot

Holdings snapshot

  • Not Specified83.1%
    Others6.8%
    Money Market3.3%
    UK1.8%
    China1.3%
  • Mutual Funds86.5%
    Financials2.7%
    Others2.7%
    Consumer Goods2%
    Money Market1.5%
  • Others100.6%
    UK Large Cap Companies2.4%
    UK Small Cap Companies0.1%
    UK Mid Cap Companies0.1%
    Money Market-3.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.2%11.4%15.4%27.9%63.4%
Sector0%-0.3%7.9%11.2%23.7%52.4%
Rank within sector187 / 485153 / 472120 / 46491 / 422112 / 309106 / 246
Quartile2nd2nd2nd1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund15.3%1.3%7%19.5%9.9%
Sector10.9%2.5%6.7%14.8%10.5%
Rank within sector84 / 430233 / 335125 / 309102 / 266189 / 249
Quartile1st3rd2nd2nd4th
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.
-0.74
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.
1.25
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.
0.5
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%.
8.82
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.
2.61
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.
0.33
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 high692.1
52 week low529.3
Current bid price668.6
Current offer price703.8
Current mid price-
Region
1Not Specified83.09%
2Others6.77%
3Money Market3.29%
4UK1.82%
5China1.33%
6USA1.08%
7Japan1%
8Korea0.87%
9France0.76%
Industry sector
1Mutual Funds86.51%
2Financials2.74%
3Others2.67%
4Consumer Goods2.03%
5Money Market1.5%
6Industrials1.32%
7Technology1.24%
8Consumer Services1.12%
9Oil & Gas0.87%
Asset type
1Others100.59%
2UK Large Cap Companies2.37%
3UK Small Cap Companies0.09%
4UK Mid Cap Companies0.05%
5Money Market-3.1%
Individual holdings
1FL UK EQUITY ALPHA PENSION20.3%
2FL US ALL CAP EQUITY PENSION MUTUAL FUNDS17.59%
3FL UK EQUITY TRACKER PENSION17.16%
4NEW XH EUR EX UK PEN PASSIVE8.96%
5FL EUR EX UK EQ PENSION ACTIVE8.89%
6FL JAPAN EQUITY 35/65 PENSION MUTUAL FUNDS4.53%
7FL ASIA EX JAPAN PASS EQY PENS3.68%
8FLC PENS PROPERTY FUND1.27%
9AVIVA INVESTORS EMERGING MARKETS LOCAL CURRENCY BOND ZY GBP1.04%
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. This is a managed fund that normally invests directly or indirectly in UK and overseas equities. The fund may also invest in any other equity, convertible, warrant or bond, including index-linked bonds. The fund may use derivatives for investment purposes.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Gavin Counsell19/11/2015Gavin is responsible for managing a range of multi-asset funds. Joined the investment industry in 2000, and joined Aviva Investors in 2012. Prior to joining Aviva Investors, Gavin was a Senior Investment Consultant at Towers Watson within the Strategy team. Within this role Gavin provided strategic investment advice to pension scheme trustees; schemes with assets ranging from several hundred million to multi-billion. This included providing portfolio construction analysis and asset allocation advice, to achieve both target returns and diverse risk exposures. Before joining Towers Watson, he worked as a Pensions and Investment Consultant for Aon Consulting, between 2000 and 2007, focusing on asset liability modelling studies, asset allocation, portfolio structuring and performance analytics. Gavin is a qualified Fellow of the Institute and Faculty of Actuaries. He also holds a Master of Mathematics degree from the University of Warwick.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Global Managed AP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price196
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ55
FL Global Managed AP 1
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price602.8
Offer price634.6
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQQ09
FL Global Managed AP 3
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price602.8
Offer price634.6
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSP67
FL Global Managed AP 4
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price567.3
Offer price597.2
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ67
FL Global Managed AP 5
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price668.6
Offer price703.8
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB63
FL Global Managed AP 8
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price668.6
Offer price703.8
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ91
FL Global Managed AP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price297
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG783
Data provided by

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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.