Fact sheet: FL Inv Div Inc Pn

Fund information
Fund name
FL Investec Diversified Income Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • John Stopfordsince 01/07/2012
Underlying fund
Investec Divfd Inc
Fund objective
Investec state that the fund aims to generate income with the opportunity for long-term capital growth. The fund will invest in both fixed interest securities and equities and in derivatives the underlying assets of which are fixed interest securities and equities. Investment will be oriented towards fixed interest securities and may include international as well as UK investments. Fixed interest securities held may be corporate or government and of any duration and may be investment grade or sub investment grade. The fund may also invest, at the manager's discretion, in other transferable securities, cash and near cash (which includes money market instruments and deposits) and other exchange traded and over the counter derivatives and forward transactions for investment purposes. Use may be made of stock lending and borrowing. The benchmark of the fund is 33% FTSE All-Share Index, 33% BofA Merrill Lynch European Currency High Yield Constrained Index GBP Hedged, 17% JPMorgan GBI-EM Index, 17% JPMorgan GBI-EM Global Diversified Index.
Benchmark
  • No Specified Index
Investment style
Cautious
Investment method
None
Quick stats
1 Year return
7.8%
1 Year rank in sector
88/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£10m (£6m 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.
23
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc12.8%
Canlife AXA Fram Mgd Inc Pn12.8%
AXA Wealth AXA Fram Mgd Inc Pn12.6%
SJP Corporate Bond Pn12%
SIP BG Corporate Bd Pn11.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • North America31%
    Global Emerging Markets21.1%
    Far East ex Japan15.7%
    UK14.3%
    Europe ex UK14.1%
  • Equities34%
    Debt19.7%
    Government Bonds16.3%
    Investment Grade Corporate Bonds13.7%
    High Yield Bond12.8%
  • Global Fixed Interest64.4%
    International Equities34%
    Others1.1%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%1.8%2.8%7.8%14.8%20.9%
Sector0.3%1.8%1.5%7.5%12.7%33.8%
Rank within sector112 / 174100 / 17439 / 17288 / 16859 / 157133 / 146
Quartile3rd3rd1st3rd2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund1.8%7.4%-1.5%7.5%-1.3%
Sector1.5%6.7%0.7%5.6%5.9%
Rank within sector79 / 17466 / 168149 / 16333 / 156146 / 152
Quartile2nd2nd4th1st4th
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.
1.14
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.
0.82
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%.
3.55
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.
2.43
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.
0.15
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.
0.56
Price movement
52 week high134.4
52 week low123.6
Current bid price-
Current offer price-
Current mid price133.7
Region
1North America31%
2Global Emerging Markets21.1%
3Far East ex Japan15.7%
4UK14.3%
5Europe ex UK14.1%
6Japan2.3%
7Money Market1.5%
Industry sector
1Equities34%
2Debt19.7%
3Government Bonds16.3%
4Investment Grade Corporate Bonds13.7%
5High Yield Bond12.8%
6Money Market3.5%
7Mutual Funds2%
8Others0.3%
9Options-0.2%
Asset type
1Global Fixed Interest64.4%
2International Equities34%
3Others1.1%
4Money Market0.5%
Individual holdings
1NEW ZEALAND(GOVERNMENT OF) 5% BDS 15/03/19 NZD10004.1%
2WESTERN AUSTRALIAN TREASURY CO 7 OCT 15 193.5%
3PROVINCE OF QUEBEC CANADA 8.5 APR 01 263.4%
4BRAZIL(FEDERATIVE REPUBLIC OF) 10% NTS 01/01/18 BRL10002.3%
5INDONESIA(REPUBLIC OF) 7.875% BDS 15/04/19 IDR10000002.3%
6NEW ZEALAND LOCAL GOVT FDG AGENCY 2.75% BDS 15/04/25 NZD100002.3%
7BRAZIL NOTAS DO TESOURO NACION 10 JAN 01 192.2%
8INVESTEC GSF GLOBAL HIGH YIELD BOND S USD2%
9RSA 8 DEC 21 181.9%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Investec state that the fund aims to generate income with the opportunity for long-term capital growth. The fund will invest in both fixed interest securities and equities and in derivatives the underlying assets of which are fixed interest securities and equities. Investment will be oriented towards fixed interest securities and may include international as well as UK investments. Fixed interest securities held may be corporate or government and of any duration and may be investment grade or sub investment grade. The fund may also invest, at the manager's discretion, in other transferable securities, cash and near cash (which includes money market instruments and deposits) and other exchange traded and over the counter derivatives and forward transactions for investment purposes. Use may be made of stock lending and borrowing. The benchmark of the fund is 33% FTSE All-Share Index, 33% BofA Merrill Lynch European Currency High Yield Constrained Index GBP Hedged, 17% JPMorgan GBI-EM Index, 17% JPMorgan GBI-EM Global Diversified Index.
Benchmark
  • No Specified Index
Investment style
Cautious
Investment method
None
Fund managers
NameSinceBiography
John Stopford01/07/2012John is the co-head of Multi-Asset at Investec Asset Management, responsible for all multi-strategy income. He is lead portfolio manager on our multi-strategy income and credit portfolios, as well as participating in the wider management of our multi-asset strategies. During his time at the firm John held the senior position of co-head of Fixed Income & Currency, and prior to this was responsible for the management of our South African fixed income assets from 1998 to 2004. John joined Guinness Flight in 1993, which was later acquired by Investec Asset Management, and took responsibility for investments in emerging bond and currency markets. Previous to this, he worked in London and Tokyo as a specialist global bond and currency portfolio manager for Mitsui Trust Asset Management. John graduated from the University of Oxford with an honours degree in Chemistry in 1990. In 1995, he was awarded the Chartered Financial Analyst (CFA) designation from the Association of Investment Management and Research.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
FL Investec Diversified Income Pn
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price133.7
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBB4
FL Investec Diversified Income Pn Inet
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price120.35
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBB5
Data provided by

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