Fact sheet: FL JPM Natural Resources Pn

Fund information
Fund name
FL JPM Natural Resources Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Plus Teamsince 30/06/2010
  • Neil Gregsonsince 31/01/2012
Underlying fund
JPM Natural Resources
Fund objective
JP Morgan state that the fund aims to provide capital growth over the long term. The fund invests primarily in the shares of companies throughout the world engaged in the production and marketing of commodities. The fund will have exposure to smaller companies and may invest in emerging markets. Other instruments permitted include, but are not limited to, fixed interest securities, cash and cash equivalents.
Benchmark
  • Euromoney Global Gold Mining & Energy Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
71.3%
1 Year rank in sector
10/64
Sector
PN Commodity & Energy
Yield
-
Fund size
£17m (£10m 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.
195
Top in this sector
Fund name1 Year
Aviva Invtec Gbl Gold Pn77.8%
L&G Investec Global Gold Pn77%
OMW Investec Global Gold75.2%
FL JPM Natural Res AP73.8%
Aviva JPM Nat Resources Pn72.9%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • North America49.2%
    UK27.5%
    Europe & Middle East12.6%
    Pacific ex-Japan7.1%
    Global Emerging Markets2.4%
  • Precious Metals & Stones24%
    Oil & Gas Exploration & Production20.1%
    Mineral Extraction18.3%
    Other Metals17.9%
    Oil & Gas - Integrated12.9%
  • Commodity & Energy98.3%
    Money Market1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5%13.3%41.3%71.3%1.9%-33%
Sector-1.7%1.7%19.8%62.5%14.5%-28.4%
Rank within sector31 / 6620 / 661 / 6510 / 6436 / 6316 / 58
Quartile2nd2nd1st1st3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund76.2%-32.4%-15.9%-19.4%-8.7%
Sector65.2%-24.9%-8.9%-25%-8.8%
Rank within sector11 / 6443 / 6337 / 6322 / 6315 / 58
Quartile1st3rd3rd2nd2nd
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.
-2.68
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.
0.96
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%.
26.43
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.
11.26
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.
-0.3
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.
0.81
Price movement
52 week high143.3
52 week low68
Current bid price-
Current offer price-
Current mid price141.7
Region
1North America49.2%
2UK27.5%
3Europe & Middle East12.6%
4Pacific ex-Japan7.1%
5Global Emerging Markets2.4%
6Money Market1.2%
Industry sector
1Precious Metals & Stones24%
2Oil & Gas Exploration & Production20.1%
3Mineral Extraction18.3%
4Other Metals17.9%
5Oil & Gas - Integrated12.9%
6Iron & Steel Products2.6%
7Coal1.2%
8Money Market1.2%
9Oil & Gas1.2%
Asset type
1Commodity & Energy98.3%
2Money Market1.7%
Individual holdings
1RIO TINTO6.6%
2BHP BILLITON PLC5.6%
3LUNDIN MINING CORP4.2%
4GLENCORE PLC3.9%
5PIONEER NATURAL RESOURCES CO3.6%
6PAREX RESOURCES INC3.4%
7BOLIDEN AB3.1%
8ROYAL DUTCH SHELL3.1%
9CHEVRON CORP3%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
JP Morgan state that the fund aims to provide capital growth over the long term. The fund invests primarily in the shares of companies throughout the world engaged in the production and marketing of commodities. The fund will have exposure to smaller companies and may invest in emerging markets. Other instruments permitted include, but are not limited to, fixed interest securities, cash and cash equivalents.
Benchmark
  • Euromoney Global Gold Mining & Energy Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Plus Team30/06/2010
Neil Gregson31/01/2012Neil Gregson, managing director, is a portfolio manager in the Global Equities Team based in London, and is a member of the team responsible for global natural resources mandates. Neil joined the team in September 2010 from CQS Asset Management where he was a Senior Portfolio Manager and Head of the Long-Only Business, with particular focus on the natural resources sector. Prior to this, Neil was the head of Emerging Markets at Credit Suisse Asset Management where he managed gold and resource equity funds. Neil began his career holding various positions at mining and resource companies, including a role as a mining investment analyst at South African company Gold Fields. He is a qualified mining engineer.. Education: BSc in Mining Engineering from Nottingham University
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL JPM Natural Resources Pn
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price141.7
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF526
FL JPM Natural Resources Pn Inet
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price117.44
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ81
Data provided by

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