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
  • Lee Gardhousesince 18/10/2002
  • Ellen Powleysince 01/02/2006
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
16.5%
1 Year rank in sector
102/223
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.
80
Top in this sector
Fund name1 Year
OMW IPLM&GGlLePn33.8%
OMW UBS UK Equity Income33.3%
OMW IPLMaUkEqPn25.8%
BlackRock DC AqlaUK Eq Idx HP23.9%
FL Schroder Inc AP23.8%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK93.9%
    Asia Pacific4.2%
    USA0.9%
    Europe0.7%
    Money Market0.3%
  • No data available.
  • UK Equities93.9%
    Asia Pacific Equities4.2%
    US Equities0.9%
    European Equities0.7%
    Money Market0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%4.9%5.9%16.5%30.3%80%
Sector1.4%4.2%6.9%16.9%24%60.4%
Rank within sector150 / 22981 / 229163 / 227102 / 22326 / 20314 / 191
Quartile3rd2nd3rd2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4.1%9.3%7.4%7.6%27.4%
Sector3.6%11.5%3.9%3.7%23.2%
Rank within sector90 / 229132 / 22351 / 2185 / 20340 / 195
Quartile2nd3rd1st1st1st
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.
1.4
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.
0.99
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.
0.42
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%.
9.89
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.
4.6
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.
0.27
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 high263.2
52 week low213.1
Current bid price-
Current offer price-
Current mid price260.5
Region
1UK93.91%
2Asia Pacific4.19%
3USA0.9%
4Europe0.7%
5Money Market0.3%
Industry sector
No data available.
Asset type
1UK Equities93.91%
2Asia Pacific Equities4.19%
3US Equities0.9%
4European Equities0.7%
5Money Market0.3%
Individual holdings
1CF WOODFORD EQUITY INCOME18.1%
2ARTEMIS INCOME I ACC16.7%
3JOHCM UK EQUITY INCOME A ACC15.6%
4JUPITER INCOME TRUST INC12.3%
5MARLBOROUGH MULTI CAP INCOME10.1%
6THREADNEEDLE UK EQUITY ALPHA INCOME9.9%
7MAJEDIE UK INCOME7.6%
8JUPITER ASIAN INCOME4.1%
9LIONTRUST MACRO EQUITY INCOME3.1%
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
Lee Gardhouse18/10/2002Lee is the manager of the HL Multi-Manager Equity & Bond Trust, the HL Multi-Manager Special Situations Trust, the HL Multi-Manager Income & Growth 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.
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 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.
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 price260.5
CurrencyGBX
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF519
FL HL Multi-Manager Income & Growth Pn Inet
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price223
CurrencyGBX
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ61
Data provided by

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