Fact sheet: FL HL MM Inc & Gth Pn

Fund information
Fund name
FL HL Multi-Manager Income & Growth Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Ellen Powleysince 01/02/2006
  • Lee Gardhousesince 17/10/2002
Underlying fund
HL MMgrInc&Gth
Fund objective
Hargreaves Lansdown state that the objective of the fund is income generation and capital growth. The fund will invest principally in collective investment schemes whose underlying investments consist of equities and/or fixed interest securities. The additional asset classes in which the fund may directly or indirectly invest include transferable securities, money market instruments and deposits.
Benchmark
  • IA UK Equity Income
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.3%
1 Year rank in sector
164/225
Sector
PN UK Equity Income
Yield
-
Fund size
£9m (£8m 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
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income31.3%
OMW IPLM&GGlLePn25.8%
FL Income Accumulation Pn25.7%
FL Schroder Inc AP25.4%
Zurich Schroder Income Pn24.6%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%-1.7%5.6%5.3%25%78.5%
Sector1.3%-0.7%7.2%9.3%20.2%62.5%
Rank within sector114 / 229138 / 229133 / 229164 / 22540 / 20534 / 192
Quartile2nd3rd3rd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund4.9%7.4%7.6%27.4%15.1%
Sector8.2%3.9%3.7%23.2%13.2%
Rank within sector151 / 22552 / 2205 / 20541 / 19781 / 192
Quartile3rd1st1st1st2nd
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.
2.19
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.
0.97
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.
0.41
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%.
9.9
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.
4.7
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.
0.41
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.
0.78
Price movement
52 week high250.7
52 week low204.2
Current bid price-
Current offer price-
Current mid price240.3
Region
1UK94.2%
2Asia Pacific2.4%
3Japan1.6%
4USA0.9%
5Europe0.7%
6Money Market0.2%
Industry sector
No data available.
Asset type
1International Equities99.8%
2Money Market0.2%
Individual holdings
1CF WOODFORD EQUITY INCOME18.74%
2ARTEMIS INCOME I ACC16.84%
3JOHCM UK EQUITY INCOME A ACC14.29%
4MARLBOROUGH MULTI CAP INCOME10.41%
5THREADNEEDLE UK EQUITY ALPHA INCOME10.16%
6JUPITER INCOME TRUST I INC10.01%
7MAJEDIE UK INCOME7.42%
8CF LIONTRUST MACRO EQUITY INCOME5.96%
9JUPITER ASIAN INCOME2.83%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Hargreaves Lansdown state that the objective of the fund is income generation and capital growth. The fund will invest principally in collective investment schemes whose underlying investments consist of equities and/or fixed interest securities. The additional asset classes in which the fund may directly or indirectly invest include transferable securities, money market instruments and deposits.
Benchmark
  • IA UK Equity Income
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ellen Powley01/02/2006Ellen has a BSc Hons degree in Economics from the University of Birmingham and has been a member of the Investment team since July 2004. She has been the co-manager of the HL Multi-Manager Income & Growth Portfolio Trust since February 2006 and the Portfolio Management Service since June 2007. She has specialist responsibilities for researching UK and US funds. Ellen passed the Investment Management Certificate exam.
Lee Gardhouse17/10/2002Lee is the manager of the HL Multi-Manager Balanced Managed Trust, the HL Multi-Manager Cautious Managed Trust, the HL Multi-Manager Special Situations Trust, the HL Multi-Manager Income & Growth Portfolio Trust and the HL Multi-Manager Strategic Bond Trust. He holds a BA Hons degree in Economics from Liverpool John Moores University. Lee has been part of the investment team at Hargreaves Lansdown since 1995, specialising in the Investment Trust and Multi-manager arenas. He passed the Associate of the Society of Investment Professionals exam.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL HL Multi-Manager Income & Growth Pn
Initial charge-
Annual charge0.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price240.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF519
FL HL Multi-Manager Income & Growth Pn Inet
Initial charge-
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price206.16
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ61
Data provided by

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