Fact sheet: FL Managed (ex NM) Pn

Fund information
Fund name
FL Managed (ex NM) Pn C Acc
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Johanna Kyrklundsince 08/12/2014
  • Remi Ajewolesince 08/12/2014
No data available.
Fund objective
The fund aims to provide exposure to a diversified portfolio of assets in order to generate capital growth and income. The fund will mainly be invested in equities and bonds. It may also invest in warrants, convertibles, money market instruments, short-term bonds, commodities, private equity, hedge funds, other alternative asset classes and property. The fund may invest directly or indirectly.
Benchmark
  • ABI Pension Fund 'Mixed Investment 40-85% Shares' Sector Median
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
15.2%
1 Year rank in sector
694/862
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£465m (£440m 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.
56
Bid price
7265
Offer price
7647.4
Top in this sector
Fund name1 Year
FL My Ftr Advantage Gth Pn31.7%
BlackRock LGIM Oseas Consn Idx Pn31.5%
FL My Ftr Adv Gth XE/IE Pn31.1%
Scot Eq Ext Bal Coll (ex MLC) Pn29.5%
Scot Eq Sequel Adven Jrny Pn28.8%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • North American Equities33.5%
    Global Fixed Interest23.7%
    Europe ex UK Equities11.4%
    Japanese Equities7.3%
    UK Equities6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%3.8%5.6%15.2%22.7%42.6%
Sector1%4.3%5.8%17.8%27.8%49.1%
Rank within sector648 / 904650 / 893595 / 892694 / 862588 / 705512 / 612
Quartile3rd3rd3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund3.4%11.2%0.3%5.8%13.9%
Sector3.4%14.3%2.2%5.7%13.1%
Rank within sector527 / 893676 / 794627 / 747242 / 689341 / 662
Quartile3rd4th4th2nd3rd
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.
-1.27
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.
0.98
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.
0.41
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%.
7.09
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.
1.41
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.
-0.98
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.
0.96
Price movement
52 week high7292.4
52 week low6247.8
Current bid price7265
Current offer price7647.4
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1North American Equities33.49%
2Global Fixed Interest23.69%
3Europe ex UK Equities11.38%
4Japanese Equities7.26%
5UK Equities6.83%
6UK Gilts5.28%
7International Equities5.15%
8Money Market3.23%
9Others1.9%
Individual holdings
1FLF US LARGE CAP EQUITY PN A INC20.99%
2FLF UK EQUITY A PN INC7.17%
3FLF EUROPE EQUITY EX UK PN A INC7.1%
4FLF STERLING GILT PN A INC5.35%
5FLF STERLING CORPORATE BOND PN A INC4.59%
6SSGA SPDR BARCLAYS EMERGING MARKETS LOCAL BOND UCITS ETF GBP3.22%
7SSGA SPDR BARCLAYS CAPITAL HIGH YIELD BOND3.01%
8NATIXIS TD .2% 06 MAR 20171.2%
9RABOBANK LONDON TD .15% 07 MAR 20170.83%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to provide exposure to a diversified portfolio of assets in order to generate capital growth and income. The fund will mainly be invested in equities and bonds. It may also invest in warrants, convertibles, money market instruments, short-term bonds, commodities, private equity, hedge funds, other alternative asset classes and property. The fund may invest directly or indirectly.
Benchmark
  • ABI Pension Fund 'Mixed Investment 40-85% Shares' Sector Median
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Johanna Kyrklund08/12/2014Johanna Kyrklund, Head of Multi-Asset Investments, joined Schroders in March 2007. Responsible for investment on behalf of all UK, European and US Multi Asset clients, member of Global Asset Allocation Committee, fund manager of the Schroder Diversified Growth funds. Prior to joining Schroders, Johanna specialised in tactical asset allocation strategies. From 2005 she worked at Insight Investment where she managed an unconstrained global macro absolute return fund. From 1997 to 2005 she worked at Deutsche Asset Management where she was Head of Asset Allocation in the UK and fund manager of the Deutsche tactical asset allocation fund. Johanna has a degree in Philosophy, Politics & Economics from Oxford University and is a CFA charterholder.
Remi Ajewole08/12/2014Remi Ajewole, Fund manager of the UK Multi Asset portfolios including the Dynamic Multi-Asset Fund and member of the Strategic Investment Group Multi-Asset (SIGMA) specializing in Equity and Volatility research. Her Investment career commenced in 2006 upon joining Schroders. She is a Chartered Financial Analyst & Masters in Statistics, London School of Economics. Completed her Bachelors in Business Finance, Durham University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Managed (ex NM) Pn C Acc
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price7265
Offer price7647.4
Mid price-
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSC19
FL Managed (ex NM) Pn C Cap
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1899.4
Offer price1999.4
Mid price-
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSC82
Data provided by

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