Fact sheet: FL Lifestyle Ret 2040 AP

Fund information
Fund name
FL Lifestyle Retirement 2040 AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Michele Tursisince 30/04/2007
  • Fiona Ausince 30/04/2007
  • Dierdre O'Sullivansince 30/04/2007
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
12.8%
1 Year rank in sector
137/422
Sector
PN Flexible Investment
Yield
-
Fund size
£316m (£295m 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.
91
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%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-0.2%9.3%12.8%22.9%63.8%
Sector-0.6%-0.8%7.6%10.4%23%51.7%
Rank within sector89 / 485232 / 472224 / 464137 / 422184 / 30990 / 246
Quartile1st2nd2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund12%2.7%3.8%22.3%12.9%
Sector10.3%2.5%6.7%14.8%10.5%
Rank within sector158 / 430157 / 335260 / 30941 / 26677 / 249
Quartile2nd2nd4th1st2nd
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.
-2.22
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.
1.34
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.
0.36
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%.
9.65
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.
3.68
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.
-0.02
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.
0.91
Price movement
52 week high207.8
52 week low159.1
Current bid price-
Current offer price-
Current mid price198.5
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 managers
NameSinceBiography
Michele Tursi30/04/2007Michele joined AXA Investment Managers in September 2009, as a member of the Balanced Funds Team. Prior to joining AXA IM, he worked at Alliance Bernstein in the currency management team, where he successfully implemented and managed, active and passive, currency overlay on Alliance Bernstein Growth Funds and client portfolios. Prior to Alliance Bernstein, he worked at UBS Asset Management in the Performance and Attribution Department, where he provided valuable performance and attribution analysis for Fund Managers and clients. Michele holds a BA (Hons) in Economics and Finance from the University of Strathclyde and an MSc in Investment Management from CASS Business School London with Distinction. He also holds the Investment Management Certificate and is a CFA Charterholder.
Fiona Au30/04/2007She joined AXA Investment Managers (AXA IM) in December 2000 as a quantitative analyst before joining the Balanced Funds Team in January 2006. Prior to joining AXA IM, she qualified as a Chartered Accountant with Ernst & Young, specialising in the Investment Management industry. Fiona holds a BSc (Hons) from the London School of Economics and Political Science. She is also a CFA Charterholder.
Dierdre O'Sullivan30/04/2007Deirdre O’Sullivan-Winks joined AXA Investment Managers in February, 2007 from AXA Framlington, where she worked as an equity analyst for the international desk. Prior to this, she obtained a Masters in Investment Management from Cass Business School after working as a research analyst for a start-up Investment Management business.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Lifestyle Retirement 2040 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 price198.5
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ78
FL Lifestyle Retirement 2040 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 price820.5
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG914
Data provided by

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