Fact sheet: FL Pre-retirement FI NGP

Fund information
Fund name
FL Pre-retirement Fixed Interest NGP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Malika Gulabanisince 30/04/2011
No data available.
Fund objective
The fund aims to produce a total return over the long term. The fund invests in UK government and UK government backed index-linked securities, Sterling denominated overseas government backed index-linked securities, Sterling denominated fixed interest securities and non-Sterling bonds with any foreign currency exposure typically hedged back to Sterling. The fund can also invest in money market instruments and short-term bonds. The benchmark of the fund is 35% FTSE UK Gilts 15-25y TR, 15% FTSE UK Gilts 25y+ TR, 10% iBoxx Sterling Non-Gilts 1-5y TR, 35% iBoxx Sterling Non-Gilts 5-15y TR, 5% iBoxx Sterling Non-Gilts 15y+ TR
Benchmark
  • FL 35FTSEUKG15-25Y,15FTSEUKG25Y+,10iBoxxSNG1-5Y,35iBoxxSNG5-15Y,5iBoxxSNG15Y+
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
9.3%
1 Year rank in sector
101/117
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£613m (£534m 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.
63
Top in this sector
Fund name1 Year
Ignis Standard Lg Gilt Pn25.1%
Stan Life L&G Ov15Yr IL GltIdx Pn21.2%
OMW M&G PP Lg Dted Corp Bd Pn16%
Pru Sup Lg Idx Lkd Pn14.7%
M&G PP Super Long Index Linked Pn14.5%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • UK Gilts50.4%
    Global Fixed Interest45.7%
    Supranational Fixed Interest3.1%
    Others0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-8%4.3%9.3%39.2%39%
Sector-2.7%-10.8%5.5%11.9%36.4%44.5%
Rank within sector25 / 11713 / 11870 / 118101 / 11751 / 10566 / 92
Quartile1st1st3rd4th2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund11.1%1.8%24.7%-5.8%2.3%
Sector13.9%0%21.3%-4.3%6.5%
Rank within sector102 / 1182 / 11031 / 10553 / 10059 / 92
Quartile4th1st2nd3rd3rd
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.
2.01
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.
0.82
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.
0.84
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%.
9.3
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.
2.95
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.
0.06
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.
0.94
Price movement
52 week high334.9
52 week low276
Current bid price-
Current offer price-
Current mid price306.6
Region
No data available.
Industry sector
No data available.
Asset type
1UK Gilts50.39%
2Global Fixed Interest45.67%
3Supranational Fixed Interest3.06%
4Others0.88%
Individual holdings
1UK TREASURY STRIP UK 4.25% TREASURY STRIP 7/6/2032 PRNCP6.75%
2TREASURY 4.5% GILT 7/9/2034 GBP0.016.45%
3TREASURY 4.25% GILT 07/03/36 GBP0.015.95%
4TREASURY 4.75% GILT 07/12/38 GBP5.49%
5TREASURY 4.25% GILT 07/12/405.17%
6TREASURY 4.25% GILT 7/9/39 GBP0.014.68%
7TREASURY 4.25% GILT 07/12/55 GBP0.011.88%
8AVIVA INVESTORS STLG LQUDTY 3 GBP INC1.77%
9TREASURY 4.5% GILT 7/12/42 GBP1.73%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to produce a total return over the long term. The fund invests in UK government and UK government backed index-linked securities, Sterling denominated overseas government backed index-linked securities, Sterling denominated fixed interest securities and non-Sterling bonds with any foreign currency exposure typically hedged back to Sterling. The fund can also invest in money market instruments and short-term bonds. The benchmark of the fund is 35% FTSE UK Gilts 15-25y TR, 15% FTSE UK Gilts 25y+ TR, 10% iBoxx Sterling Non-Gilts 1-5y TR, 35% iBoxx Sterling Non-Gilts 5-15y TR, 5% iBoxx Sterling Non-Gilts 15y+ TR
Benchmark
  • FL 35FTSEUKG15-25Y,15FTSEUKG25Y+,10iBoxxSNG1-5Y,35iBoxxSNG5-15Y,5iBoxxSNG15Y+
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Malika Gulabani30/04/2011Malika is a Fund Manager in International Government Bonds having joined F&C in 2006. Prior to this, she was responsible for the Cash/Gilt portfolios at Morley Fund Management, and previously spent nearly 5 years at Schroders Investment Management. Malika has a MA (Hons) History from the University of Edinburgh.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Pre-retirement Fixed Interest NGP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price306.6
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLM67
FL Pre-retirement Fixed Interest NGP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price259.78
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ28
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.