Fact sheet: FL HendersonInst Lg Dtd Gt EP

Fund information
Fund name
FL Henderson Institutional Long Dated Gilt EP S3
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Mitul Patelsince 01/12/2010
Underlying fund
Henderson Inst Lg Dtd Gilt
Fund objective
Henderson state that the objective of the fund is income generation with some growth over the long term. The policy under normal circumstances is to invest mainly in longer-term bonds issued by the UK Government. The fund may also invest in any other type of security that is consistent with its objective, bonds of other types, money market instruments, bank deposits and derivatives, including for investment purposes.
Benchmark
  • FTSE Actuaries UK Conventional Gilts Over 15 Years
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
11%
1 Year rank in sector
14/178
Sector
PN UK Gilts
Yield
-
Fund size
£0m (£0m 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.
108
Bid price
196.4
Offer price
196.4
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn17.2%
AEGON UK Long Gilt Pn13.4%
AXA Wealth Teams Act UK Lg Glts Pn13.3%
Zurich Long Dated Gilt Pn12.3%
FL TMLgGltTra EP12.2%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%-13.4%2.7%11%36.7%37.5%
Sector-1.6%-7.5%2.2%6.4%20%20.9%
Rank within sector176 / 179175 / 17836 / 17814 / 17814 / 1709 / 155
Quartile4th4th1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund12.9%-0.6%23.2%-6.5%2.5%
Sector7.8%-0.3%13.3%-4.8%2.3%
Rank within sector12 / 178130 / 17511 / 170152 / 16450 / 155
Quartile1st3rd1st4th2nd
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.
0.36
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.
1.76
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.
0.6
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%.
13.01
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.
5.83
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.
0.82
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.
0.98
Price movement
52 week high229.5
52 week low173.5
Current bid price196.4
Current offer price196.4
Current mid price-
Region
1UK99.6%
2Money Market0.4%
Industry sector
1AA99.6%
2Money Market0.4%
Asset type
1UK Fixed Interest99.6%
2Money Market0.4%
Individual holdings
1TREASURY 4.25% GILT 07/06/2032 GBP0.017.7%
2TREASURY 4.5% GILT 7/9/2034 GBP0.017.6%
3TREASURY 4.25% GILT 07/12/55 GBP0.017.5%
4TREASURY 4.25% GILT 07/03/36 GBP0.017%
5TREASURY 4.5% GILT 7/12/42 GBP6.9%
6TREASURY 4% GILT 22/01/60 GBP0.016.6%
7TREASURY 4.75% GILT 07/12/38 GBP6.4%
8TREASURY 3.5% GILT 22/01/45 GBP6.3%
9TREASURY 4.25% GILT 07/12/406.1%
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 income generation with some growth over the long term. The policy under normal circumstances is to invest mainly in longer-term bonds issued by the UK Government. The fund may also invest in any other type of security that is consistent with its objective, bonds of other types, money market instruments, bank deposits and derivatives, including for investment purposes.
Benchmark
  • FTSE Actuaries UK Conventional Gilts Over 15 Years
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mitul Patel01/12/2010Mitul Patel is the Head of Interest Rates and became a member of the Fixed Income Investment Strategy Group (ISG) in 2015. Mitul joined Henderson in 2005 as a graduate and spent a year as an Investment Assistant, supporting the Institutional Fund Management Team before becoming an assistant portfolio manager and moving into his current role as portfolio manager. Mitul is a CFA charterholder and has a BSc in Actuarial Science from the London School of Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Henderson Institutional Long Dated Gilt EP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.7%
Bid price196.4
Offer price196.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW171
FL Henderson Institutional Long Dated Gilt EP S3
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.7%
Bid price196.4
Offer price196.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW172
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.