Fact sheet: FL Higher Income AP

Fund information
Fund name
FL Higher Income AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Chris Murphysince 19/11/2015
No data available.
Fund objective
The fund aims to generate maximum overall growth of income and capital in the medium to long term. The fund invests primarily in high yielding UK equities. The fund may also invest in other UK securities as well as securities in overseas markets.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
11.9%
1 Year rank in sector
56/225
Sector
PN UK Equity Income
Yield
-
Fund size
£672m (£212m 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.
94
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

  • UK94.9%
    Money Market3.1%
    USA1.4%
    International0.6%
  • Financials21%
    Consumer Goods16.4%
    Oil & Gas11.6%
    Consumer Services10.5%
    Others10.3%
  • UK Large Cap Companies77.7%
    UK Mid Cap Companies16.3%
    Others3.8%
    UK Small Cap Companies2%
    Money Market0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%-0.7%8.8%11.9%14.1%47.3%
Sector1.3%-0.7%7.2%9.3%20.2%62.5%
Rank within sector131 / 22991 / 22968 / 22956 / 225185 / 205184 / 192
Quartile3rd2nd2nd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund9.8%0.1%0.5%19.9%10.7%
Sector8.2%3.9%3.7%23.2%13.2%
Rank within sector61 / 225184 / 220190 / 205160 / 197139 / 192
Quartile2nd4th4th4th3rd
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
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.
1.05
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.
0.01
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%.
10.41
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.
4.38
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.
-0.42
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.
0.83
Price movement
52 week high249.5
52 week low194.9
Current bid price-
Current offer price-
Current mid price238.8
Region
1UK94.92%
2Money Market3.12%
3USA1.4%
4International0.56%
Industry sector
1Financials21.05%
2Consumer Goods16.36%
3Oil & Gas11.57%
4Consumer Services10.54%
5Others10.29%
6Health Care8.28%
7Utilities7.72%
8Telecommunications7.15%
9Industrials6.94%
Asset type
1UK Large Cap Companies77.67%
2UK Mid Cap Companies16.28%
3Others3.78%
4UK Small Cap Companies2%
5Money Market0.27%
Individual holdings
1ROYAL DUTCH SHELL6.47%
2BP5.1%
3BRITISH AMERICAN TOBACCO4.55%
4GLAXOSMITHKLINE4.52%
5HSBC HLDGS4.29%
6IMPERIAL BRANDS PLC4.08%
7NATIONAL GRID3.28%
8VODAFONE GROUP3.05%
9DIAGEO3.01%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to generate maximum overall growth of income and capital in the medium to long term. The fund invests primarily in high yielding UK equities. The fund may also invest in other UK securities as well as securities in overseas markets.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Chris Murphy19/11/2015Christopher graduated from Cardiff University in 1987 with an honours degree in Physics (BSc). He joined Shearson Lehman in 1988 as a graduate trainee and became a UK equity analyst and continued his career as an analyst at James Capel in 1990 advising institutional investors, sales teams and traders. In 1993 he joined Framlington and was responsible for the management of a range of UK equity funds, he managed the first income and then the growth portfolios, concentrating more on retail funds. Prior to this, he was a UK equity analyst at James Capel and a graduate UK equity analyst at Lehman Bros. Chris later joined in Morley Fund Management in June 2006.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Higher Income AP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price238.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ63
FL Higher Income AP 5 Acc
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price1450.5
Offer price1526.8
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQQ07
FL Higher Income AP 5 Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price739.5
Offer price778.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP04
FL Higher Income AP 7
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1609
Offer price1693.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ97
FL Higher Income AP 7 Acc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.5%
Bid price1609
Offer price1693.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB65
FL Higher Income AP 9
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1365.2
Offer price1437
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ51
FL Higher Income AP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price256.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG784
Data provided by

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