Fact sheet: FL North American Pn

Fund information
Fund name
FL North American Pn Acc
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Alan Straussince 08/12/2014
  • Matt Wardsince 08/12/2014
No data available.
Fund objective
The fund's objective is to provide capital growth. The manager seeks to achieve this by investing mainly in a well balanced spread of equities in the US and Canada. While the fund will invest mainly in equities, it may also invest in other investments such as convertible stocks and derivatives and traded options to hedge positions or to gain exposure to companies to manage the portfolio efficiently. The fund does not normally hedge its currency exposure.
Benchmark
  • FTSE World North America Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
30.3%
1 Year rank in sector
43/315
Sector
PN North America
Yield
-
Fund size
£51m (£40m 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
939.4
Offer price
988.8
Top in this sector
Fund name1 Year
FL Schroder US Sm Cos AP34.7%
MetLife Bcmk Thrdnd Am Sel Pn34.1%
MetLife Bcmk Sch US Mid Cap Pn33.9%
Scot Eq UBS US Equity Pn33.5%
MetLife Bcmk Jup Nth Am IncGr Pn33.4%
...more in PN North America

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.1%0.3%6.2%30.3%75%137.7%
Sector-4.7%-0.6%5.4%25.9%64.5%111%
Rank within sector50 / 32148 / 31976 / 31743 / 31532 / 29113 / 270
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.9%29%5.2%27.6%33.2%
Sector0.2%30.9%4.4%18.7%29.2%
Rank within sector40 / 319211 / 304109 / 2994 / 29137 / 279
Quartile1st3rd2nd1st1st
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.
2.18
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.
0.99
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.
1.5
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%.
11.81
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.
3.1
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.
0.65
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.
0.93
Price movement
52 week high997
52 week low697.3
Current bid price939.4
Current offer price988.8
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1North American Equities99.2%
2Money Market0.8%
Individual holdings
1ALPHABET INC3.72%
2APPLE INC3.44%
3FACEBOOK INC2.65%
4AMAZON.COM INC2.55%
5T-MOBILE US INC2.39%
6VANGUARD INDEX FUNDS REIT VIPERS2.33%
7JPMORGAN CHASE & CO2.29%
8PEPSICO INC1.99%
9COMCAST CORP(NEW)1.98%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund's objective is to provide capital growth. The manager seeks to achieve this by investing mainly in a well balanced spread of equities in the US and Canada. While the fund will invest mainly in equities, it may also invest in other investments such as convertible stocks and derivatives and traded options to hedge positions or to gain exposure to companies to manage the portfolio efficiently. The fund does not normally hedge its currency exposure.
Benchmark
  • FTSE World North America Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alan Straus08/12/2014Alan Straus is a Portfolio Manager for the US Large Cap institutional strategies at Schroders. Alan is also an Equity Analyst for the US Large Cap Team, primarily responsible for the financial sector. Alan joined Schroders in 2012 and is based in New York. Prior to joining Schroders, Alan was a Portfolio Manager at Omega Advisors. Alan was responsible for positions within the bank, specialty fi nance, broker, and insurance sectors. His portfolio included investments in both public and private equity and represented over 20% of the firm's assets. Previously, Alan was employed at Lord, Abbett & Co. as Senior Research Analyst for the Lord Abbett Affi liated Fund and Large Capitalization Value team. As a senior analyst he was responsible for covering the entire fi nancial services industry, capital goods, and the electrical equipment industries. He assisted the portfolio managers on the overall portfolio strategy, including economic forecasts and sector allocation. Alan also spent a number of years at Merrill Lynch Asset Management as a Senior Research Analyst and Associate Portfolio Manager. In his role as a Senior Research Analyst, Alan covered the capital goods, fi nancial services, and telecommunications sectors for the Merrill Lynch Basic Value Fund. The fund was the firm's fl agship mutual fund, the fund represented over 25% of the firm's equity assets. As an Associate Portfolio Manager, Alan assisted in the management of twelve U.S. equity and global mutual funds. He was a member of the global asset allocation team that strategically determined the asset mix between foreign and domestic equities, global bonds, and currency hedges. Alan's fi nancial services career commenced in 1988 when he joined Evaluation Associated as a pension fund consultant to Fortune 500 companies.
Matt Ward08/12/2014
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL North American 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)0.75%
Bid price939.4
Offer price988.8
Mid price-
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL29
FL North American 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 price313.9
Offer price330.4
Mid price-
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL28
Data provided by

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