Fact sheet: FL Investec American EP

Fund information
Fund name
FL Investec American EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Alessandro Dicorradosince 01/03/2016
Underlying fund
Investec American
Fund objective
Investec state that the fund aims to achieve long-term capital growth primarily through investment in a portfolio of equities issued by USA companies and in derivatives the underlying assets of which are equities issued by USA companies. Derivatives can be used for investment purposes and/or efficient portfolio management purposes. Up to one third of the fund’s value can be invested in cash and near cash (which includes money market instruments and deposits) denominated in a freely convertible currency, other derivatives, other transferable securities and units or shares in other collective investment schemes, although only up to 5% of the fund could be held in collective investment schemes. Use may be made of stock lending and borrowing.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
55.7%
1 Year rank in sector
10/308
Sector
PN North America
Yield
-
Fund size
£2m (£1m 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
294.4
Offer price
294.4
Top in this sector
Fund name1 Year
BlackRock Aq Lf Canadn EqIdx Pn70.1%
L&G Legg Mason US Sm Cos Pn62.4%
RLP LeggMasnIFRoyUSSmallCompPn62.3%
FL Schroder US Sm Cos AP57.9%
FL Investec American AP57.4%
...more in PN North America

Performance snapshot

Holdings snapshot

  • USA91.4%
    Money Market7.1%
    Ireland1.5%
  • Financials29.7%
    Industrials17.3%
    Information Technology15.5%
    Health Care11%
    Consumer Discretionary10.6%
  • US Equities91.4%
    Money Market7.1%
    Irish Equities1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%14.2%24.6%55.7%74.1%110.9%
Sector3.4%7.8%16.4%42.7%63.7%121.3%
Rank within sector230 / 3184 / 3205 / 31910 / 30853 / 295208 / 271
Quartile3rd1st1st1st1st4th
Calendar performance
 YTD - 20172016201520142013
Fund2.6%43.8%1.5%18.8%26.3%
Sector2.5%30.9%4.4%18.7%29.2%
Rank within sector152 / 3228 / 308249 / 303162 / 295254 / 283
Quartile2nd1st4th3rd4th
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.
3.66
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.
0.92
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.
1.45
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%.
11.48
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.
4.28
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.
0.52
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.
0.86
Price movement
52 week high293.4
52 week low179.2
Current bid price294.4
Current offer price294.4
Current mid price-
Region
1USA91.4%
2Money Market7.1%
3Ireland1.5%
Industry sector
1Financials29.7%
2Industrials17.3%
3Information Technology15.5%
4Health Care11%
5Consumer Discretionary10.6%
6Money Market7.7%
7Consumer Staples6.1%
8Energy2.1%
Asset type
1US Equities91.4%
2Money Market7.1%
3Irish Equities1.5%
Individual holdings
1BANK OF AMERICA CORP6.8%
2CITIGROUP INC5.8%
3DEERE & CO5.6%
4MANITOWOC FOODSERVICE INC5.1%
5AMERICAN EXPRESS CO4.9%
6WASHINGTON FEDERAL INC4.8%
7MICROSOFT CORP4.7%
8LEUCADIA NATIONAL CORP3.9%
9NORTHERN TRUST CORP USD1.6663.7%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Investec state that the fund aims to achieve long-term capital growth primarily through investment in a portfolio of equities issued by USA companies and in derivatives the underlying assets of which are equities issued by USA companies. Derivatives can be used for investment purposes and/or efficient portfolio management purposes. Up to one third of the fund’s value can be invested in cash and near cash (which includes money market instruments and deposits) denominated in a freely convertible currency, other derivatives, other transferable securities and units or shares in other collective investment schemes, although only up to 5% of the fund could be held in collective investment schemes. Use may be made of stock lending and borrowing.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alessandro Dicorrado01/03/2016Alessandro is a portfolio manager within the Value team at Investec Asset Management. Since January 2016, he assumed co-portfolio management of the Investec Global Special Situations and Investec Global Value Equity strategies. In 2011, Alessandro joined Investec Asset Management as an analyst in the Value team. Previously he worked at JP Morgan Chase & Co as a fixed income derivatives salesperson in London. He graduated from UCL in 2004 with a Bachelor of Science (Hons.) degree in Economics and holds a Master’s degree in Finance from the London Business School. He has passed level three of the CFA Programme.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Investec American EP
Initial charge-
Annual charge1.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.24%
Bid price294.4
Offer price294.4
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWK32
FL Investec American EP S3
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.29%
Bid price238
Offer price238
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW244
Data provided by

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