Fact sheet: FL JPM UK Eq gth AP

Fund information
Fund name
FL JPM UK Equity Growth AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Ian Butlersince 30/04/2010
  • Thomas Buckinghamsince 01/01/2014
  • Ben Stapleysince 30/04/2010
Underlying fund
JPM UK Equity Growth
Fund objective
JP Morgan state that the objective of the fund is to provide long-term capital growth through investment primarily in a growth style biased portfolio of UK companies. UK companies are companies that are incorporated under the laws of, and have their registered office in, the UK, or that derive the predominant part of their economic activity from the UK, even if listed elsewhere. Smaller companies may be held on an ancillary basis. The fund invests in those stocks which the manager believes to have the potential for above-average growth. Other instruments as permitted in the stated investment and borrowing powers of the fund include, but are not limited to, fixed interest securities, cash and cash equivalents and may be held on an ancillary basis as appropriate.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
6.6%
1 Year rank in sector
398/843
Sector
PN UK All Companies
Yield
-
Fund size
£14m (£16m 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.
88
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn41.9%
Countrywide Equity Pn21.2%
OMW Schroder Recovery20.7%
Royal London Schroders Recovery Pn20.5%
Fidelity UBS UK Select Pn20%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK96.5%
    Money Market3.5%
  • Consumer Goods16.6%
    Industrials15.5%
    Financials15.4%
    Consumer Services14.1%
    Basic Materials10.7%
  • UK Equities96.5%
    Money Market3.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.4%0.2%9.1%6.6%25.9%89%
Sector-1.2%-0.3%6.2%5.1%13.2%59.3%
Rank within sector707 / 865324 / 862264 / 861398 / 84339 / 80571 / 756
Quartile4th2nd2nd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund7.3%10.8%2.7%31.9%17.3%
Sector5.6%4.4%0.6%24.2%15.4%
Rank within sector390 / 843125 / 831175 / 806130 / 785220 / 758
Quartile2nd1st1st1st2nd
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.
5.21
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.
0.86
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.
0.61
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%.
9.43
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.
4.74
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.
0.95
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.
0.77
Price movement
52 week high358.9
52 week low279.2
Current bid price-
Current offer price-
Current mid price337.7
Region
1UK96.5%
2Money Market3.5%
Industry sector
1Consumer Goods16.6%
2Industrials15.5%
3Financials15.4%
4Consumer Services14.1%
5Basic Materials10.7%
6Health Care10.1%
7Oil & Gas6.6%
8Money Market4.7%
9Technology2.9%
Asset type
1UK Equities96.5%
2Money Market3.5%
Individual holdings
1BRITISH AMERICAN TOBACCO4.3%
2BP4.2%
3GLAXOSMITHKLINE4%
4HSBC HLDGS3.7%
5VODAFONE GROUP2.9%
6DIAGEO2.8%
7ASTRAZENECA PLC2.6%
8RECKITT BENCKISER GROUP PLC2.5%
9UNILEVER2.2%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
JP Morgan state that the objective of the fund is to provide long-term capital growth through investment primarily in a growth style biased portfolio of UK companies. UK companies are companies that are incorporated under the laws of, and have their registered office in, the UK, or that derive the predominant part of their economic activity from the UK, even if listed elsewhere. Smaller companies may be held on an ancillary basis. The fund invests in those stocks which the manager believes to have the potential for above-average growth. Other instruments as permitted in the stated investment and borrowing powers of the fund include, but are not limited to, fixed interest securities, cash and cash equivalents and may be held on an ancillary basis as appropriate.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Ian Butler30/04/2010Ian Butler, associate, is an assistant portfolio manager for the J.P. Morgan Asset Management European Equity Group. An employee since 2005, Ian previously worked within several financial institutions as an intern, including Citigroup and Lehman Brothers. Before that, he worked for Grant Thornton Chartered Accountants. Ian obtained a BSc in Business Administration from University of Bath. Ian has passed the CFA Level 3 exam.
Thomas Buckingham01/01/2014Thomas Buckingham, is a portfolio manager within the J. P. Morgan Asset Management European Equity Group, based in London. An employee since 2007, he obtained a BEng degree in Aerospace Engineering from the University of Surrey. Thomas is a CFA charter holder.
Ben Stapley30/04/2010Ben Stapley, vice president, is a portfolio manager in the J.P. Morgan Asset Management European Equity Group, based in London. An employee since 2002, he previously worked in the product development team within the investment trusts group for five years. He graduated at the University of Nottingham and holds a BA degree in Economics. Ben is a holder of the Investment Management Certificate and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL JPM UK Equity Growth AP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price189.2
Offer price199.2
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG777
FL JPM UK Equity Growth AP 8
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.38%
Bid price189.2
Offer price199.2
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP20
FL JPM UK Equity Growth 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 price-
Offer price-
Mid price221.6
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeAJ61
FL JPM UK Equity Growth AP Inet
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price729.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG924
Data provided by

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