Fact sheet: FL Lfstyl Retm 2020 EP

Fund information
Fund name
FL Lifestyle Retirement 2020 EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Gavin Counsellsince 19/11/2015
Underlying fund
FL Lifestyle Ret 2020 AP
Fund objective
The fund aims to provide an appropriate mix of assets for investors who wish to build capital to purchase a pension annuity in or around the year stated in the fund name. The fund's allocation will change over time with the emphasis in the early years on growing the fund when the manager will invest in UK and global equities, directly or indirectly. As the expected year of retirement approaches the asset mix will change in favour of fixed interest and cash. Fixed interest exposure can be obtained by direct investments.
Benchmark
  • No Specified Index
Investment style
Target Maturity
Investment method
No data available.
Quick stats
1 Year return
8.8%
1 Year rank in sector
680/796
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£0m (£0m 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.
50
Bid price
371.3
Offer price
371.3
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn26.4%
Scot Eq Sequel Adventurous Pn23.9%
Scot Eq Sequel Adven Jrny Pn23.9%
Scot Eq Caerus Pfl DRP 4 Pn23.2%
FL My Ftr Advantage Gth Pn22.2%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • No data available.
  • Money Market37.4%
    Others36.4%
    AAA21.1%
    Non-Rated1.8%
    AA1.5%
  • UK Gilts22.3%
    UK Equities21.5%
    UK Corporate Fixed Interest20.9%
    International Equities17.9%
    Money Market16.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-3.5%4.9%8.8%21.7%52.4%
Sector0.1%-0.1%8.9%11.9%22.7%49.3%
Rank within sector716 / 913843 / 912803 / 894680 / 796400 / 692252 / 595
Quartile4th4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund9.2%1.2%8%13.9%13.1%
Sector11.5%2.2%5.7%13.1%9.9%
Rank within sector651 / 800575 / 75368 / 692331 / 66151 / 596
Quartile4th4th1st3rd1st
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.
-0.11
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.
0.95
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.
0.34
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%.
7.34
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.
2.94
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.
-0.16
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.
0.84
Price movement
52 week high387.6
52 week low324.7
Current bid price371.3
Current offer price371.3
Current mid price-
Region
No data available.
Industry sector
1Money Market37.42%
2Others36.38%
3AAA21.06%
4Non-Rated1.76%
5AA1.49%
6A1.06%
7BBB0.65%
8BB0.18%
Asset type
1UK Gilts22.34%
2UK Equities21.47%
3UK Corporate Fixed Interest20.88%
4International Equities17.92%
5Money Market16.15%
6Global Corporate Fixed Interest1.04%
7Others0.21%
Individual holdings
1TREASURY 4.25% GILT 07/06/2032 GBP0.013.13%
2TREASURY 4.5% GILT 7/9/2034 GBP0.012.92%
3TREASURY 4.25% GILT 07/03/36 GBP0.012.69%
4TREASURY 4.75% GILT 07/12/38 GBP2.51%
5TREASURY 4.25% GILT 07/12/402.36%
6TREASURY 4.25% GILT 7/9/39 GBP0.012.12%
7ROYAL DUTCH SHELL1.8%
8BRITISH AMERICAN TOBACCO1.32%
9HSBC HLDGS1.16%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to provide an appropriate mix of assets for investors who wish to build capital to purchase a pension annuity in or around the year stated in the fund name. The fund's allocation will change over time with the emphasis in the early years on growing the fund when the manager will invest in UK and global equities, directly or indirectly. As the expected year of retirement approaches the asset mix will change in favour of fixed interest and cash. Fixed interest exposure can be obtained by direct investments.
Benchmark
  • No Specified Index
Investment style
Target Maturity
Investment method
No data available.
Fund manager
NameSinceBiography
Gavin Counsell19/11/2015Gavin is responsible for managing a range of multi-asset funds. Joined the investment industry in 2000, and joined Aviva Investors in 2012. Prior to joining Aviva Investors, Gavin was a Senior Investment Consultant at Towers Watson within the Strategy team. Within this role Gavin provided strategic investment advice to pension scheme trustees; schemes with assets ranging from several hundred million to multi-billion. This included providing portfolio construction analysis and asset allocation advice, to achieve both target returns and diverse risk exposures. Before joining Towers Watson, he worked as a Pensions and Investment Consultant for Aon Consulting, between 2000 and 2007, focusing on asset liability modelling studies, asset allocation, portfolio structuring and performance analytics. Gavin is a qualified Fellow of the Institute and Faculty of Actuaries. He also holds a Master of Mathematics degree from the University of Warwick.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Lifestyle Retirement 2020 EP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.65%
Bid price371.3
Offer price371.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1H2
FL Lifestyle Retirement 2020 EP S3
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.65%
Bid price371.3
Offer price371.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1E1
Data provided by

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