Fact sheet: FL Index-Linked NGP

Fund information
Fund name
FL Index-Linked NGP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Malika Gulabanisince 31/07/2010
No data available.
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. The fund invests mainly in UK Government and UK Government backed index-linked securities and Sterling denominated overseas government backed index-linked securities. The fund may also invest in other Sterling denominated fixed interest securities and non-Sterling bonds with any foreign currency exposure typically hedged back to Sterling. The fund can also invest in money market instruments and short-term bonds.
Benchmark
  • FTSE Actuaries Index-Linked All Stocks Index
Investment style
Passive/Tracking
Investment method
None
Quick stats
1 Year return
15.6%
1 Year rank in sector
100/146
Sector
PN UK Index - Linked Gilts
Yield
-
Fund size
£91m (£81m 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.
87
Top in this sector
Fund name1 Year
SSgA Uk Idx Lkd Gilt Mar 2062 Pn27.4%
SSgA UK Idx Lkd Gilt Nov2055 Pn21.9%
SSgA UK Idx Lkd Glt Mar 2050 Pn20.8%
L&G Ovr 15Yr IdxLkd GltsIdx Pn20.3%
SSgA MPF Ovr 15Y IL Gilt Pn20.3%
...more in PN UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.3%-6.8%13%15.6%38.2%45.3%
Sector-5.1%-6.5%14.1%16.3%37.8%44.4%
Rank within sector79 / 15162 / 150114 / 150100 / 14679 / 13663 / 119
Quartile3rd2nd4th3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund19.9%-1.1%18.6%0.7%-0.2%
Sector20%-1.5%18.7%0.1%-0.1%
Rank within sector97 / 14734 / 14080 / 13626 / 12846 / 119
Quartile3rd1st3rd1st2nd
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.
0.2
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.
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.
0.81
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%.
11.13
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.
1.47
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.
0.03
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 high379.1
52 week low290
Current bid price-
Current offer price-
Current mid price347.6
Region
No data available.
Industry sector
No data available.
Asset type
1UK Gilts99.38%
2Money Market0.62%
Individual holdings
1UNITED KINGDOM (GOVERNMENT OF) 0.125%29.49%
2TREASURY 1.25% IDX-LKD GILT 22/11/32 GBP0.0112.36%
3TREASURY 1.875% IDX LKD GILT 22/11/22 GBP10.39%
4TREASURY 0.25% IDX LKD GILT 22/3/52 GBP0.019.29%
5TREASURY 0.625% IDX-LKD GILT 22/11/42 GBP8.46%
6TREASURY 1.125% IDX GILT 22/11/37 GBP8.02%
7TREASURY 0.75% IDX LKD GILT 22/11/47 GBP7.59%
8UNITED KINGDOM (GOVERNMENT OF) 0.375%4.89%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. The fund invests mainly in UK Government and UK Government backed index-linked securities and Sterling denominated overseas government backed index-linked securities. The fund may also invest in other Sterling denominated fixed interest securities and non-Sterling bonds with any foreign currency exposure typically hedged back to Sterling. The fund can also invest in money market instruments and short-term bonds.
Benchmark
  • FTSE Actuaries Index-Linked All Stocks Index
Investment style
Passive/Tracking
Investment method
None
Fund managers
NameSinceBiography
Malika Gulabani31/07/2010Malika is a Fund Manager in International Government Bonds having joined F&C in 2006. Prior to this, she was responsible for the Cash/Gilt portfolios at Morley Fund Management, and previously spent nearly 5 years at Schroders Investment Management. Malika has a MA (Hons) History from the University of Edinburgh.
Compliance
FE Passive Rateable
Domicile
No data available.
Fund for sale in
United Kingdom
FL Index-Linked NGP
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 price347.6
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLM73
FL Index-Linked NGP 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 price292.68
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ32
Data provided by

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