Fact sheet: FL Lfstyl Retm 2040 EP

Fund information
Fund name
FL Lifestyle Retirement 2040 EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Gavin Counsellsince 19/11/2015
Underlying fund
FL Lifestyle Ret 2040 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
9.8%
1 Year rank in sector
259/422
Sector
PN Flexible Investment
Yield
-
Fund size
£0m
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.
90
Bid price
387.1
Offer price
387.1
Top in this sector
Fund name1 Year
Aviva Variable Annuity CU Pn27.3%
Scot Eq UBS Stockmkt Mgd Pn23.1%
FL Spicers Adventurous Pn22.1%
Aegon Mrc Divfd Gth Pn21.9%
FL Thrdndl Gbl Eq Inc XE/IE Pn21.7%
...more in PN Flexible Investment

Performance snapshot

Holdings snapshot

  • No data available.
  • Money Market47.2%
    AAA36.5%
    Others7.2%
    Non-Rated3.2%
    AA2.7%
  • UK Equities54.4%
    International Equities44.7%
    Money Market0.8%
    Others0.2%
    UK Corporate Fixed Interest0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-0.8%9.7%9.8%20.6%57.2%
Sector-0.6%-0.8%7.6%10.4%23%51.7%
Rank within sector345 / 485315 / 472198 / 464259 / 422217 / 309132 / 246
Quartile3rd3rd2nd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund10.5%2.1%3.7%20.7%13.6%
Sector10.3%2.5%6.7%14.8%10.5%
Rank within sector234 / 430206 / 335267 / 30973 / 26642 / 249
Quartile3rd3rd4th2nd1st
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.
-3.84
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.
1.47
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.
0.24
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%.
10.5
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.
4.31
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.
-0.22
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.
0.92
Price movement
52 week high406.5
52 week low312.7
Current bid price387.1
Current offer price387.1
Current mid price-
Region
No data available.
Industry sector
1Money Market47.21%
2AAA36.53%
3Others7.22%
4Non-Rated3.2%
5AA2.65%
6A1.89%
7BBB0.97%
8BB0.33%
Asset type
1UK Equities54.36%
2International Equities44.67%
3Money Market0.81%
4Others0.15%
5UK Corporate Fixed Interest0%
Individual holdings
1ROYAL DUTCH SHELL4.23%
2BRITISH AMERICAN TOBACCO3.51%
3HSBC HLDGS2.62%
4BP2.58%
5GLAXOSMITHKLINE2.07%
6VODAFONE GROUP1.77%
7RECKITT BENCKISER GROUP PLC1.57%
8PRUDENTIAL PLC1.54%
9RIO TINTO1.52%
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 2040 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 price387.1
Offer price387.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1H6
FL Lifestyle Retirement 2040 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 price387.1
Offer price387.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1E5
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.