Fact sheet: FL Henderson Cautious Mgd AP

Fund information
Fund name
FL Henderson Cautious Managed AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • John Pattullosince 23/07/2012
  • Jenna Barnardsince 23/07/2012
  • Stephen Paynesince 31/07/2016
  • Chris Burvillsince 01/02/2003
Underlying fund
Henderson Caut Mngd
Fund objective
Henderson state that the objective of the fund is a combination of income generation and growth of investments over the long term. The policy under normal circumstances is to invest mainly in bonds, shares and other types of securities. The fund may also invest in any other type of security that is consistent with its objective, collective investment schemes, derivatives, money market instruments and bank deposits.
Benchmark
  • IA Mixed 20-60% shares
Investment style
Cautious
Investment method
No data available.
Quick stats
1 Year return
13.1%
1 Year rank in sector
359/486
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£8m (£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.
51
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn47.6%
OMW IPL F&COs EqLnkUKInflPn42.1%
AXA Wealth TEAMS cl Gvn ptfl VPn39.2%
AXA Wealth TEAMS cl Gvn ptfl IVPn36.1%
Aegon Dynamic Lifestyle 2023 (RR)Pn36.1%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • UK71.2%
    Money Market15.7%
    USA7.3%
    Netherlands3.6%
    Ireland0.8%
  • Fixed Interest29.8%
    Money Market15.6%
    Financials14.3%
    Consumer Services9.6%
    Industrials6.3%
  • UK Equities49.7%
    UK Fixed Interest21.5%
    Money Market15.7%
    US Fixed Interest6.8%
    Dutch Equities3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%3.4%3.1%13.1%15.7%47.3%
Sector0.4%4.1%2.1%16.5%21.4%39.3%
Rank within sector406 / 537401 / 529160 / 527359 / 486306 / 40479 / 344
Quartile4th4th2nd3rd4th1st
Calendar performance
 YTD - 20172016201520142013
Fund1%9.3%1.2%5.1%15.2%
Sector1.5%11.8%1.3%6%8.3%
Rank within sector405 / 530288 / 461221 / 423206 / 39716 / 379
Quartile4th3rd3rd3rd1st
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.
-0.52
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.
0.87
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.
0.3
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%.
5.28
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.
2.54
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.
-0.51
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 high400.2
52 week low351.8
Current bid price-
Current offer price-
Current mid price399.3
Region
1UK71.18%
2Money Market15.7%
3USA7.32%
4Netherlands3.57%
5Ireland0.84%
6Germany0.56%
7South Africa0.36%
8Hong Kong0.33%
9France0.23%
Industry sector
1Fixed Interest29.82%
2Money Market15.6%
3Financials14.31%
4Consumer Services9.6%
5Industrials6.25%
6Oil & Gas5.55%
7Health Care5.38%
8Telecommunications4.35%
9Consumer Goods3.92%
Asset type
1UK Equities49.65%
2UK Fixed Interest21.53%
3Money Market15.7%
4US Fixed Interest6.78%
5Dutch Equities3.57%
6Irish Equities0.81%
7German Fixed Interest0.56%
8US Equities0.54%
9South African Fixed Interest0.36%
Individual holdings
1ROYAL DUTCH SHELL3.57%
2HSBC HLDGS3.25%
3UNITED STATES OF AMER TREAS NOTES 0.125% TB 15/07/24 USD10002.41%
4ASTRAZENECA PLC2.38%
5VODAFONE GROUP2.06%
6TREASURY 1.875% IDX LKD GILT 22/11/22 GBP2%
7BP1.98%
8RIO TINTO1.96%
9IMPERIAL BRANDS PLC1.93%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Henderson state that the objective of the fund is a combination of income generation and growth of investments over the long term. The policy under normal circumstances is to invest mainly in bonds, shares and other types of securities. The fund may also invest in any other type of security that is consistent with its objective, collective investment schemes, derivatives, money market instruments and bank deposits.
Benchmark
  • IA Mixed 20-60% shares
Investment style
Cautious
Investment method
No data available.
Fund managers
NameSinceBiography
John Pattullo23/07/2012John Pattullo is the Co-Head of Strategic Fixed Income at Henderson. With more than 20 years of experience investing in the credit markets, John co-manages a number of funds with Jenna Barnard. Prior to joining Henderson in 1997, John spent four years as a chartered accountant at PricewaterhouseCoopers. John has an MA (Hons) in Economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland and an Associate Member of the Society of Investment Professionals.
Jenna Barnard23/07/2012Jenna Barnard is Co-Head of Strategic Fixed Income, co-managing a number of funds alongside John Pattullo. Jenna joined Henderson in 2002 as a credit analyst and progressed to Credit Portfolio Manager in 2004. Prior to joining Henderson, Jenna worked as an investment analyst with Orbitex Investments. Jenna holds a first class BA (Hons) degree in Politics, Philosophy & Economics from Oxford University. She is a CFA charterholder, and an affiliate member of UKSIP. Jenna is a Member of the Society of Technical Analysts having passed the STA Diploma exam.
Stephen Payne31/07/2016Stephen Payne joined Henderson in 2016 as a fund manager in UK Equities. Stephen joined from Santander Asset Management where he was responsible for the firm’s Enhanced, Dividend and Equity Income funds. Prior to joining Santander, he worked for Blue Oar Securities as a sell-side analyst specialising in UK high yield equities. Stephen joined Blue Oar Securities from Teachers Investment Management where he managed the UK mid and small-cap equity funds and the Sovereign Income Unit Trust. He has also worked at Framlington Investments and Hill Samuel Asset Management, managing their UK Equity Income fund ranges. Stephen started his career at Abbey Life. Stephen has a BSc (Hons) in Economics from the University of Southampton. He is an Associate of the CFA Society of the UK having completed the associate examination and being granted the ASIP designation.
Chris Burvill01/02/2003Chris Burvill joined Henderson in 2011 as Director of UK Equities. He came from Gartmore where he was Head of UK Equity Income. Previously, Chris was with Investec Asset Management where he spent 10 years managing a number of successful funds including the Temple Bar Investment Trust and the Investec Cautious Managed Fund from launch in 1993. Prior to this Chris was with Commercial Union, initially as a UK equities investment analyst, later becoming a fund manager in 1987. Chris graduated in Economics from University College Cardiff and in 1981 became a management trainee with National Mutual of Australia.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Henderson Cautious Managed AP
Initial charge-
Annual charge0.91%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price399.3
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEY46
FL Henderson Cautious Managed AP Inet
Initial charge-
Annual charge1.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.04%
Bid price-
Offer price-
Mid price376
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEM08
Data provided by

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