Fact sheet: FL Newton Real Return Pn

Fund information
Fund name
FL Newton Real Return Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Suzanne Hutchinssince 14/12/2015
  • Iain Stewartsince 30/03/2004
Underlying fund
Newton Real Return
Fund objective
Newton, (a BNY Mellon company), state that the objective of the fund is to achieve significant real rates of return in Sterling terms predominantly from a portfolio of UK and international securities. The fund may invest anywhere in the world into a mixture of cash, equities, corporate and government fixed interest securities (of any duration or credit rating), deposits, money market instruments, derivatives, forward transactions and collective investment schemes. The manager follows a broad multi-asset approach and emphasises real return. The fund may use derivatives for investment purposes as well as for efficient portfolio management or risk reduction.
Benchmark
  • 1 Month GBP LIBOR +4%
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
3.4%
1 Year rank in sector
344/514
Sector
PN Specialist
Yield
-
Fund size
£74m (£58m 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.
43
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Performance snapshot

Holdings snapshot

  • Not Specified47.4%
    North America15%
    Europe ex UK13.1%
    Money Market9.6%
    UK8.6%
  • Government Bonds29.4%
    Precious Metals & Stones11.4%
    Cash & Cash Equivalents9.6%
    Health Care8.4%
    Consumer Services8.1%
  • Global Government Fixed Interest29.4%
    North American Equities15%
    Europe ex UK Equities13.1%
    Commodity & Energy12.8%
    Cash & Cash Equivalents9.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.4%-6.5%-2%3.4%11.6%21.7%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector508 / 546519 / 545499 / 531344 / 514269 / 386225 / 317
Quartile4th4th4th3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.1%2.1%4.3%6.3%5.2%
Sector9.3%2%7.2%11%7.7%
Rank within sector355 / 514162 / 450267 / 388204 / 357239 / 318
Quartile3rd2nd3rd3rd4th
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.
-0.41
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.
0.67
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.
0.04
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%.
5.6
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.
4.4
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.
-0.55
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.
0.51
Price movement
52 week high150.1
52 week low132.1
Current bid price-
Current offer price-
Current mid price138.2
Region
1Not Specified47.44%
2North America14.98%
3Europe ex UK13.11%
4Money Market9.56%
5UK8.58%
6Japan3.29%
7Pacific ex-Japan1.78%
8Others1.27%
Industry sector
1Government Bonds29.41%
2Precious Metals & Stones11.35%
3Cash & Cash Equivalents9.56%
4Health Care8.42%
5Consumer Services8.08%
6Utilities6.2%
7Consumer Goods5.37%
8Industrials5.25%
9Technology5.09%
Asset type
1Global Government Fixed Interest29.41%
2North American Equities14.98%
3Europe ex UK Equities13.11%
4Commodity & Energy12.8%
5Cash & Cash Equivalents9.56%
6UK Equities8.58%
7Global Corporate Fixed Interest3.77%
8Japanese Equities3.29%
9Others2.82%
Individual holdings
1UNITED STATES OF AMER TREAS BONDS 3% NTS 15/05/45 USD10005.01%
2UNITED STATES OF AMER TREAS NOTES 1.75% BDS 31/12/20 USD1004.89%
3US TREASURY NOTE 1.5% 31/08/20183.75%
4USA TREASURY NOTES3% 15/11/2045 USD1003.74%
5USA TREASURY NOTES2% 15/02/2025 USD1003.14%
6AUSTRALIA(COMMONWEALTH OF) 3.75% BDS 21/04/37 AUD10003%
7SOURCE PHYSICAL MARKETS PLCSECURED GOLD LINKED NOTE (USD)2.67%
8MICROSOFT CORP2.54%
9ETFS PHYSICAL GOLD 0% SECURED NOTE2.41%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Newton, (a BNY Mellon company), state that the objective of the fund is to achieve significant real rates of return in Sterling terms predominantly from a portfolio of UK and international securities. The fund may invest anywhere in the world into a mixture of cash, equities, corporate and government fixed interest securities (of any duration or credit rating), deposits, money market instruments, derivatives, forward transactions and collective investment schemes. The manager follows a broad multi-asset approach and emphasises real return. The fund may use derivatives for investment purposes as well as for efficient portfolio management or risk reduction.
Benchmark
  • 1 Month GBP LIBOR +4%
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Suzanne Hutchins14/12/2015Suzanne Hutchins rejoined Newton in 2010 as global investment manager and member of the real return team. Suzanne has lead management responsibility for the Global Real Return USD strategy. She moved to Capital International in 2005 as investment specialist for global equity, income and absolute-return-based strategies. She had additional client facing responsibility for ESG (Environmental, Social and Governance) issues. Suzanne initially joined Newton in 1991 as a research analyst after completing a BA (Hons) at University College London. During her first 14 years with Newton, she worked closely with Stewart Newton before becoming lead manager on the UK and Intrepid team. She managed multi-asset and global equity mandates, as well as RPI+ based strategies, for institutional and retail clients. 18 years at Newton and 24 years investment experience
Iain Stewart30/03/2004Iain is Investment Leader in the Real Return team and a member of the investment strategy group. He joined Newton in 1985, and specialises in the management of relative and absolute return multi-asset mandates. Iain is a member of a number of committees at Newton including the Investment Strategy Group. He is an associate member of the UK Society of Investment Professionals (UKSIP), and holds a research Ph.D from the Ministry of Agriculture, Fisheries and Food.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Newton Real Return Pn
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price138.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHTZ8
FL Newton Real Return Pn Inet
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price123.27
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHTZ9
Data provided by

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