Fact sheet: FL MyM BNYMellAbsRtnBdCurHdgPn

Fund information
Fund name
FL MyM BNY Mellon Absolute Return Bond (Currecny Hedged) Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Peter Bentleysince 09/03/2012
  • Andrew Wickhamsince 09/03/2012
Underlying fund
BNY Mellon Abs Rtn Bd
Fund objective
To provide a positive absolute return in all market conditions over a rolling 12 month period by investing primarily in debt and debt-related securities and instruments located worldwide and in financial derivative instruments relating to such securities and instruments.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Specialist
Yield
-
Fund size
£0m
Top in this sector
Fund name1 Year
Scot Eq Technology Pn60.1%
SIP Fidelity Gbl Technology Pn56.4%
FL AXA Framlington Gbl Tech AP54.7%
Zurich AXAFramGblTechPn53.7%
FL AXA Fram Gbl Tech EP53.1%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • Money Market90.4%
    Australia60.3%
    International22.1%
    France12.8%
    Netherlands5.7%
  • A1.1%
    BBB0.8%
    AA0.2%
    BB0.1%
    Non-Rated0.1%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.1%0.1%---
Sector1%1.2%5.5%14.6%25.2%48.7%
Rank within sector474 / 554449 / 554500 / 549---
Quartile4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-0.2%----
Sector3.1%11.6%2%7.2%11%
Rank within sector501 / 550----
Quartile4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high102.15
52 week low99.85
Current bid price-
Current offer price-
Current mid price101.26
Region
1Money Market90.4%
2Australia60.3%
3International22.1%
4France12.8%
5Netherlands5.7%
6Switzerland2.5%
7Japan2%
8Ireland1.5%
9Italy0.9%
Industry sector
1A1.1%
2BBB0.8%
3AA0.2%
4BB0.1%
5Non-Rated0.1%
6AAA-0.1%
7B-0.2%
Asset type
No data available.
Individual holdings
1 US TSY I/ 0.75% 15/45 IFL17.62%
2INSIGHT GFII-EMRG MKTS DB8.05%
3FRANCE(GOVT OF) 0.5% BDS 25/05/26 EUR14.99%
4US TSY I/ 1.38% 15/44 IFL3.6%
5NATIONWID FRN 11/02/182.78%
6MORGAN ST FRN 12/03/192.59%
7JPMORGAN FRN 06/14/182.49%
8LLOYDS BA FRN 08/21/172.4%
9ABN AMRO FRN 07/03/172.2%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
To provide a positive absolute return in all market conditions over a rolling 12 month period by investing primarily in debt and debt-related securities and instruments located worldwide and in financial derivative instruments relating to such securities and instruments.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Peter Bentley09/03/2012Peter joined Insight in January 2008 as Head of UK Credit. Prior to joining Insight, Peter spent four years at Pimco Europe where he was a Senior Vice President portfolio manager responsible for the management and strategy of credit funds. Peter holds a BA honours in Economics and Econometrics from Nottingham University and is an Associate of the CFA Society of the UK.
Andrew Wickham09/03/2012Andrew joined the fixed income team at Insight in October 2003 as a Co-Head of UK Fixed Income, focusing particularly on government portfolio management. In December 2005, he was appointed Head of UK Fixed Income. Andrew worked at Schroders for the previous eight years, developing an extensive understanding of fixed income portfolio management and rising to become Head of Sterling Fixed Income. He joined the fixed income area of Schroders in 1995 and at the end of 2002 he was appointed Head of Sterling Fixed Income. Andrew holds a BSc honours degree and MEng in Electrical Engineering from the University of Bath and is an Associate of the CFA Society of the UK.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL MyM BNY Mellon Absolute Return Bond (Currecny Hedged) Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.26
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMYTY
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.