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
  • Erik Rubinghsince 30/09/2008
  • Simon Clinchsince 01/12/2007
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
41.4%
1 Year rank in sector
168/308
Sector
PN North America
Yield
-
Fund size
£50m (£41m 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.
102
Bid price
949.6
Offer price
999.6
Top in this sector
Fund name1 Year
BlackRock Aq Lf Canadn EqIdx Pn63.8%
L&G Legg Mason US Sm Cos Pn61.1%
RLP LeggMasnIFRoyUSSmallCompPn58.1%
Aviva Invtec American Pn55%
Aviva M&G Nth Amr Div Pn54.4%
...more in PN North America

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.4%6.6%14.9%41.4%77.1%142.6%
Sector4.1%7%15%41.1%64.7%120.8%
Rank within sector46 / 318201 / 320184 / 319168 / 30839 / 29528 / 271
Quartile1st3rd3rd3rd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund3%29%5.2%27.6%33.2%
Sector2.1%30.9%4.4%18.7%29.2%
Rank within sector40 / 322213 / 308110 / 3034 / 29539 / 283
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.
2.75
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.
0.97
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.
1.42
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%.
11.7
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.
3.21
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.
0.68
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.
0.92
Price movement
52 week high944.7
52 week low627.9
Current bid price949.6
Current offer price999.6
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1North American Equities98.99%
2Money Market1.01%
Individual holdings
1ALPHABET INC3.88%
2AMAZON.COM INC3.14%
3FACEBOOK INC2.39%
4GENERAL ELECTRIC CO.2.21%
5APPLE INC2.17%
6T-MOBILE US INC2.17%
7SALESFORCE.COM INC2.02%
8PFIZER INC2%
9COMCAST CORP(NEW)1.96%
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
Erik Rubingh30/09/2008Erik Rubingh is Head of the Systematic Strategies team. He joined the company in July 2007. Prior to joining the firm, Erik worked at ABP Investments (now APG Investments), first as Senior Portfolio Manager in the Global Quantitative Strategies Group and later as Head of that group. Erik graduated from Groningen University with an MSc in Econometrics. He is also a CFA charterholder.
Simon Clinch01/12/2007He is a Director in US Equities. He joined F&C in May 2005 in order to contribute to both stock selection and quantitative screening capabilities on the US Equity team. Prior to this, Simon was Head of North American Equities at Aberdeen Asset Management, where he managed a team of 4 fund managers responsible for about US$1.5 billion of US assets. Simon has a double first in mathematics at Balliol College, Oxford, and was awarded the CFA Charter in 2001.
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 price949.6
Offer price999.6
Mid price-
CurrencyGBX
Price updated12/01/2017
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 price320.3
Offer price337.2
Mid price-
CurrencyGBX
Price updated12/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL28
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.