Fact sheet: FL Managed Pn

Fund information
Fund name
FL Managed Pn 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 direct property. The fund may invest directly or indirectly.
Benchmark
  • ABI Mixed Investment 40%-85% Shares
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
19.5%
1 Year rank in sector
670/869
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£1,850m (£1,703m 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
1376
Offer price
1448.4
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn40.5%
Scot Eq Ext Bal Coll (ex MLC) Pn39.4%
Scot Eq Sequel Adventurous Pn38.8%
Scot Eq Sequel Adven Jrny Pn38.8%
FL My Ftr Advantage Gth Pn37.7%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • North American Equities30.2%
    Global Fixed Interest22.6%
    Europe ex UK Equities10.9%
    UK Equities7.6%
    Money Market7.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%5.5%3.6%19.5%23.3%44.5%
Sector0.3%5.5%4%22%26.6%48.7%
Rank within sector224 / 922582 / 911641 / 910670 / 869533 / 705477 / 608
Quartile1st3rd3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund2.4%11.5%0.3%6.4%13.7%
Sector2.1%14.3%2.2%5.7%13.1%
Rank within sector379 / 911667 / 800627 / 753183 / 694357 / 663
Quartile2nd4th4th2nd3rd
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.
-1.03
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
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.
0.47
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%.
7.23
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.
1.47
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.
-0.71
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 high1376
52 week low1161.1
Current bid price1376
Current offer price1448.4
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1North American Equities30.22%
2Global Fixed Interest22.64%
3Europe ex UK Equities10.87%
4UK Equities7.62%
5Money Market7.52%
6Japanese Equities6.65%
7UK Gilts5.41%
8International Equities5.11%
9Others2.16%
Individual holdings
1FLF US LARGE CAP EQUITY PN A INC20.35%
2FLF EUROPE EQUITY EX UK PN A INC7.3%
3FLF UK EQUITY A PN INC7.09%
4FLF STERLING GILT PN A INC5.28%
5FLF STERLING CORPORATE BOND PN A INC4.52%
6SSGA SPDR BARCLAYS EMERGING MARKETS LOCAL BOND UCITS ETF GBP3.25%
7SSGA SPDR BARCLAYS CAPITAL HIGH YIELD BOND3%
8RABOBANK LONDON TD .15% 07 FEB 20171.4%
9NATIXIS TD .2% 06 FEB 20171.22%
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 direct property. The fund may invest directly or indirectly.
Benchmark
  • ABI Mixed Investment 40%-85% Shares
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 Pn Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price1376
Offer price1448.4
Mid price-
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL14
FL Managed Pn Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price424.6
Offer price446.9
Mid price-
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL15
Data provided by

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