Fact sheet: FL Lifestyle Ret 2020 AP

Fund information
Fund name
FL Lifestyle Retirement 2020 AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Gavin Counsellsince 30/11/2015
No data available.
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
13.3%
1 Year rank in sector
767/863
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£187m (£195m 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.
48
Top in this sector
Fund name1 Year
Scot Eq Ext Bal Coll (ex MLC) Pn29.6%
BlackRock LGIM Oseas Consn Idx Pn29.3%
Scot Eq Sequel Adven Jrny Pn27.7%
Scot Eq Sequel Adventurous Pn27.7%
FL My Ftr Advantage Gth Pn27.5%
...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 Corporate Fixed Interest50%
    UK Equities19.4%
    International Equities15.4%
    Money Market15.2%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%3.6%3.8%13.3%25.7%58.1%
Sector0.5%3.4%4.3%17.2%27.1%51.9%
Rank within sector298 / 904292 / 904646 / 892767 / 863436 / 710201 / 616
Quartile2nd2nd3rd4th3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund3%12.8%1.6%8.4%15.4%
Sector3.6%14.3%2.2%5.7%13.1%
Rank within sector679 / 893550 / 794467 / 74750 / 690222 / 663
Quartile4th3rd3rd1st2nd
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.
0.69
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.
0.88
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.
0.66
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%.
7.13
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.
3.57
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.
-0.08
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.
0.76
Price movement
52 week high205.7
52 week low179.5
Current bid price-
Current offer price-
Current mid price204.6
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 Corporate Fixed Interest50.05%
2UK Equities19.37%
3International Equities15.41%
4Money Market15.17%
Individual holdings
1ROYAL DUTCH SHELL1.31%
2HSBC HLDGS1%
3BP0.66%
4BRITISH AMERICAN TOBACCO0.66%
5GLAXOSMITHKLINE0.54%
6DIAGEO0.41%
7ASTRAZENECA PLC0.39%
8VODAFONE GROUP0.38%
9RECKITT BENCKISER GROUP PLC0.31%
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 managers
NameSinceBiography
Gavin Counsell30/11/2015Gavin 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 AP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price204.6
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ73
FL Lifestyle Retirement 2020 AP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price841
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG918
Data provided by

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