Fact sheet: FL HL MM Spl Sits Pn

Fund information
Fund name
FL HL Multi-Manager Special Situations Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Roger Clarksince 31/05/2007
  • Lee Gardhousesince 02/04/2001
Underlying fund
HL MMgrSplSits
Fund objective
Hargreaves Lansdown state that the objective of the fund is to provide long-term 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. The fund will invest principally in the funds of boutique fund management groups, defined as fund management operations where the managers have a clear and substantial financial interest in the performance of their portfolios and/or the fund management group. More traditional fund management operations will be used in certain circumstances.
Benchmark
  • IA Global
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
15.2%
1 Year rank in sector
704/961
Sector
PN Global Equities
Yield
-
Fund size
£12m (£11m 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.
70
Top in this sector
Fund name1 Year
AXA Wealth Sch ISF Gbl Recv Pn34.5%
OMW IPL M&G Global Dividend Pn32.2%
LV= M&G Global Div Pn32.2%
Aviva M&G Global Div Pn31.4%
Stan Life M&G Global Dividend Pn31.2%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • UK44.9%
    Asia Pacific14.8%
    Europe13.9%
    Japan11.7%
    USA10.2%
  • No data available.
  • International Equities92.5%
    Hedge7.3%
    Money Market0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%2.2%13.5%15.2%34.2%92.6%
Sector-1.9%2.7%15.4%17.8%32.6%78.7%
Rank within sector686 / 1039630 / 1035733 / 1025704 / 961390 / 848218 / 745
Quartile3rd3rd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund14.6%8.7%7.1%22.5%16.9%
Sector17.7%3.7%7.8%21.4%11.2%
Rank within sector749 / 96385 / 921456 / 849401 / 82037 / 752
Quartile4th1st3rd2nd1st
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.
3.31
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.
0.7
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.
0.83
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%.
8.75
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.
5.93
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.
0.04
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.
0.65
Price movement
52 week high252.7
52 week low194.2
Current bid price-
Current offer price-
Current mid price245.2
Region
1UK44.9%
2Asia Pacific14.8%
3Europe13.9%
4Japan11.7%
5USA10.2%
6Global Emerging Markets4.3%
7Money Market0.2%
Industry sector
No data available.
Asset type
1International Equities92.5%
2Hedge7.3%
3Money Market0.2%
Individual holdings
1FINDLAY PARK AMERICAN GBP9.34%
2FP CRUX EUROPEAN SPECIAL SITS ACC9.04%
3FIRST STATE ASIA PACIFIC LEADERS ACC8.97%
4CF WOODFORD EQUITY INCOME8.73%
5MAJEDIE UK EQUITY A7.98%
6GLG JAPAN CORE ALPHA PROF ACC7.5%
7NEWTON REAL RETURN7.31%
8MARLBOROUGH UK MICRO CAP5.76%
9ABERDEEN ASIAN SMALLER COMPANIES SGD4.72%
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 to provide long-term 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. The fund will invest principally in the funds of boutique fund management groups, defined as fund management operations where the managers have a clear and substantial financial interest in the performance of their portfolios and/or the fund management group. More traditional fund management operations will be used in certain circumstances.
Benchmark
  • IA Global
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Roger Clark31/05/2007Roger holds a BA Hons in Management and Statistics from the University of Exeter. Roger joined Hargreaves Lansdown in January 2004 and became a member of the investment team in January 2006. As well as carrying out quantitative analysis, Roger has been the co-manager of the HL Multi-Manager Special Situations Trust since June 2007. He has specialist responsibility for analysis of the European and emerging markets sectors as well as all boutique funds. Roger passed the Investment Management Certificate exam. He is a CAIA charterholder.
Lee Gardhouse02/04/2001Lee 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 Special Situations 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 price245.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF518
FL HL Multi-Manager Special Situations 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)2.06%
Bid price-
Offer price-
Mid price210.35
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ62
Data provided by

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