Fact sheet: FL M&G Fdr of Prop EP

Fund information
Fund name
FL M&G Feeder of Property EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Justin Uptonsince 18/01/2013
  • Fiona Rowleysince 18/01/2013
Underlying fund
M&G Feeder of Property Ptfl
Fund objective
M&G state that the aim of the fund is to maximise long-term total return (the combination of income generation and growth of capital) solely through investment in the M&G Property Portfolio. The M&G Property Portfolio invests in a diversified portfolio of commercial property mainly in the UK, seeking to add value through strategic asset allocation, stock selection and asset management. The M&G Property Portfolio may also invest in other property related assets, including collective investment schemes, transferable securities, derivatives and debt instruments as well as government debt, money market instruments and cash. Derivatives may be used for investment purposes as well as for efficient portfolio management.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Physical
Quick stats
1 Year return
-5.3%
1 Year rank in sector
137/159
Sector
PN UK Direct Property
Yield
-
Fund size
£1m (£1m 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.
105
Bid price
336.5
Offer price
336.5
Top in this sector
Fund name1 Year
Guardian Choices Property Pn10.4%
Guardian Property Pn10.4%
OMW IPL Aviva Lm Prp Pn8.9%
FL Property AP5.9%
FL GM Property Pension5.3%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • South East UK45.5%
    Midlands17%
    Others10.8%
    Northern UK10.4%
    Scotland9.4%
  • Offices - Property36%
    Warehouse - Property20%
    Industrials13.9%
    Shop - Property11.5%
    Retail - Property11.3%
  • Property100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%4.7%-8.5%-5.3%30%39.2%
Sector0.4%3%-2.5%-0.9%24.7%33.4%
Rank within sector13 / 16139 / 160159 / 159137 / 15946 / 15440 / 149
Quartile1st1st4th4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-6.2%10.5%24%2.3%5.4%
Sector-1.8%9.7%14.3%6.9%1%
Rank within sector141 / 15967 / 1581 / 154139 / 15211 / 149
Quartile4th2nd1st4th1st
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.
-2.38
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.
1.55
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.
0.52
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%.
10.79
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.
9.52
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.
0.13
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.
0.24
Price movement
52 week high369.8
52 week low315.3
Current bid price336.5
Current offer price336.5
Current mid price-
Region
1South East UK45.5%
2Midlands17%
3Others10.8%
4Northern UK10.4%
5Scotland9.4%
6Central London4.2%
7South West UK2.7%
Industry sector
1Offices - Property36%
2Warehouse - Property20%
3Industrials13.9%
4Shop - Property11.5%
5Retail - Property11.3%
6Others7.3%
Asset type
1Property100%
Individual holdings
11-8 BEDFONT LAKES4.96%
2RIVERSIDE HOUSE LONDON4.41%
3PARC TROSTRE RETAIL PARK LLANELLI4.12%
4WALES DESIGNER OUTLET BRIDGEND3.55%
5FREMLIN WALK MAIDSTONE3.1%
6THE GRACECHURCH CENTRE SUTTON COLDFIELD2.97%
7RIVERSIDE RETAIL PARK NORTHAMPTON2.7%
83 HARDMAN SQUARE, MANCHESTER2.58%
9AURORA120 BOTHWELL STREET GLASGOW2.34%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
M&G state that the aim of the fund is to maximise long-term total return (the combination of income generation and growth of capital) solely through investment in the M&G Property Portfolio. The M&G Property Portfolio invests in a diversified portfolio of commercial property mainly in the UK, seeking to add value through strategic asset allocation, stock selection and asset management. The M&G Property Portfolio may also invest in other property related assets, including collective investment schemes, transferable securities, derivatives and debt instruments as well as government debt, money market instruments and cash. Derivatives may be used for investment purposes as well as for efficient portfolio management.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Physical
Fund managers
NameSinceBiography
Justin Upton18/01/2013Justin Upton joined M&G Real Estate in January 2010 as deputy fund manager of the M&G Pooled Pensions Property Fund (PPLP). On 1 January 2012, he was appointed deputy fund manager of the M&G Property Portfolio. Before M&G Real Estate, Justin spent two years as a director at Mayfair Capital Investment Management where he was involved with the MC Special Opportunities Fund and Income Trust for Charities. Prior to this, he spent five years at Henderson Global Investors as assistant fund manager on the Henderson Retail Warehouse Fund and the Caspar Fund. Justin undertook his RICS accreditation during four years spent with Cushman Wakefield’s capital markets team. He holds a degree from the University of Birmingham in social and economic history and a Masters from City University in property law and valuation.
Fiona Rowley18/01/2013Fiona Rowley joined M&G Real Estate as an investment surveyor in 1994 and was appointed deputy fund manager of the M&G Property Portfolio on its launch in 2005. She was appointed fund manager in 2007. Before joining the group, Fiona worked for property service company Knight Frank. She has a first class honours degree in estate management from South Bank University and is a member of the Royal Institution of Chartered Surveyors (RICS) and the Investment Property Forum.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL M&G Feeder of Property EP
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.56%
Bid price336.5
Offer price336.5
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5T4
FL M&G Feeder of Property EP S3
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.56%
Bid price336.5
Offer price336.5
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5T5
Data provided by

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