Fact sheet: FL L&G(PMC)PRInLiPn

Fund information
Fund name
FL Legal & General (PMC) Pre-Retirement Inflation Linked Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
No data available.
Underlying fund
LGIM Pre-Retirement Infln Lkd
Fund objective
Legal & General state that the fund aims to provide diversified exposure to Sterling assets that reflect the broad characteristics of investments underlying the pricing of a typical inflation linked annuity product. The fund invests in Legal & General Investment Management's index-tracking bond funds to gain exposure to these assets. These bond funds will mainly invest in fixed interest securities, usually corporate and government bonds, including inflation linked and/or index-linked instruments. The fund, however, cannot provide full protection against changes in annuity rates for individual members since these also depend upon a number of other factors (e.g. changes to mortality assumptions). The asset allocation is reviewed quarterly by LGIM's Strategic Investment and Risk Management team and the fund will not take short-term, tactical asset allocation positions.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
14.7%
1 Year rank in sector
129/147
Sector
PN UK Index - Linked Gilts
Yield
-
Fund size
£0m (£0m last year)
Top in this sector
Fund name1 Year
SSgA Uk Idx Lkd Gilt Mar 2062 Pn33.1%
SSgA UK Idx Lkd Gilt Nov2055 Pn26.2%
SSgA UK Idx Lkd Glt Mar 2050 Pn25.4%
L&G Ovr 15Yr IdxLkd GltsIdx Pn24.5%
SSgA MPF Ovr 15Y IL Gilt Pn24.5%
...more in PN UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

  • UK75.6%
    USA5.9%
    France3.6%
    Netherlands2.6%
    Others2.5%
  • Others57.7%
    Utilities9.2%
    Financials8.1%
    Consumer Services3%
    Industrials2.8%
  • UK Fixed Interest77.6%
    US Fixed Interest5.9%
    French Fixed Interest3.6%
    Dutch Fixed Interest2.6%
    Global Fixed Interest2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.1%-7.4%8.9%14.7%--
Sector-3.5%-5.2%14.4%17.8%40.7%48.5%
Rank within sector121 / 152149 / 151139 / 151129 / 147--
Quartile4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund17%----
Sector21.7%-1.5%18.7%0.1%-0.1%
Rank within sector133 / 148----
Quartile4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high126
52 week low98.6
Current bid price-
Current offer price-
Current mid price115.7
Region
1UK75.58%
2USA5.89%
3France3.62%
4Netherlands2.59%
5Others2.52%
6Jersey1.85%
7Cayman Islands1.61%
8Germany1.43%
9Ireland0.81%
Industry sector
1Others57.65%
2Utilities9.19%
3Financials8.14%
4Consumer Services3.04%
5Industrials2.83%
6Fixed Interest2.74%
7Health Care2.45%
8Telecommunications2.33%
9Consumer Goods2.3%
Asset type
1UK Fixed Interest77.58%
2US Fixed Interest5.89%
3French Fixed Interest3.62%
4Dutch Fixed Interest2.59%
5Global Fixed Interest2.52%
6American Emerging Fixed Interest1.67%
7German Fixed Interest1.43%
8Irish Fixed Interest0.81%
9Australian Fixed Interest0.71%
Individual holdings
1TREASURY 0.75% IDX LKD GILT 22/11/47 GBP9.96%
2TREASURY 2% IDX-LINKED GILT 20359.07%
3TREASURY 0.625% IDX-LKD GILT 22/11/42 GBP7.47%
4TREASURY 0.625% IDX-LKD GILT 22/3/40 GBP0.017.3%
5TREASURY 1.25% IDX-LKD GILT 22/11/32 GBP0.017.17%
6TREASURY 1.25% IDX-LKD GILT 22/11/27 GBP0.015.53%
7TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.013.49%
8TREASURY 0.5% IDX LKD GILT 22/3/50 GBP0.012.78%
9TREASURY 0.125% IDX GILT 22/03/24 GBP0.012.41%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Legal & General state that the fund aims to provide diversified exposure to Sterling assets that reflect the broad characteristics of investments underlying the pricing of a typical inflation linked annuity product. The fund invests in Legal & General Investment Management's index-tracking bond funds to gain exposure to these assets. These bond funds will mainly invest in fixed interest securities, usually corporate and government bonds, including inflation linked and/or index-linked instruments. The fund, however, cannot provide full protection against changes in annuity rates for individual members since these also depend upon a number of other factors (e.g. changes to mortality assumptions). The asset allocation is reviewed quarterly by LGIM's Strategic Investment and Risk Management team and the fund will not take short-term, tactical asset allocation positions.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Legal & General (PMC) Pre-Retirement Inflation Linked Pn
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 price115.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMGXF
FL Legal & General (PMC) Pre-Retirement Inflation Linked Pn Inet
Initial charge-
Annual charge0.46%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.46%
Bid price-
Offer price-
Mid price114.89
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMGXG
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.