Fact sheet: FL Premier Income EP

Fund information
Fund name
FL Premier Income EP S3
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Chris Whitesince 01/12/2010
Underlying fund
Premier Income
Fund objective
Premier state that the fund aims to generate income, which rises over time, and to grow the value of the original investment over the long term. The fund will mainly invest in the shares of UK listed companies, but it may also invest in similar companies overseas or in companies quoted on the Alternative Investment Market. The fund is actively managed which means that the fund manager will choose the investments, currencies and markets held in the fund but always within the boundaries outlined in the fund’s objective and policy. The fund may invest directly in derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
2.7%
1 Year rank in sector
169/225
Sector
PN UK Equity Income
Yield
-
Fund size
£10m (£10m 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.
82
Bid price
190.3
Offer price
190.3
Top in this sector
Fund name1 Year
OMW IPLM&GGlLePn25.1%
OMW UBS UK Equity Income24.8%
FL Income Accumulation Pn20.1%
L&G Schroder Income Pn16.5%
Scot Eq Schroder Income Pn16%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK96.4%
    Money Market3.6%
  • Financials29.8%
    Industrials19.8%
    Consumer Discretionary17.7%
    Consumer Staples12.8%
    Energy7.9%
  • UK Equities96.4%
    Money Market3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.8%4.6%2.7%18.3%68%
Sector-1.8%-0.9%6.6%6.3%17.1%62.2%
Rank within sector56 / 229130 / 229138 / 229169 / 22589 / 20577 / 189
Quartile1st3rd3rd4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.9%9.5%2.1%31.8%9.8%
Sector6.9%3.9%3.7%23.2%13.2%
Rank within sector173 / 22520 / 220162 / 20514 / 197155 / 192
Quartile4th1st4th1st4th
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.
0.16
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.
1.01
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.
0.26
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%.
10.03
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.
4.41
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.
0.03
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.
0.81
Price movement
52 week high197.5
52 week low165.8
Current bid price190.3
Current offer price190.3
Current mid price-
Region
1UK96.4%
2Money Market3.6%
Industry sector
1Financials29.8%
2Industrials19.8%
3Consumer Discretionary17.7%
4Consumer Staples12.8%
5Energy7.9%
6Utilities4.5%
7Money Market3.6%
8Telecommunications Utilities2.2%
9Health Care1.2%
Asset type
1UK Equities96.4%
2Money Market3.6%
Individual holdings
1ROYAL DUTCH SHELL4.9%
2IMPERIAL TOBACCO GROUP PLC4.5%
3BAE SYSTEMS PLC4%
4LLOYDS BANKING GROUP PLC4%
5CONVIVIALITY PLC3.6%
6DAIRY CREST G ORD GBP0.253.6%
7BP PLC3%
8LEGAL & GENERAL GROUP PLC3%
9AVIVA PLC2.8%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Premier state that the fund aims to generate income, which rises over time, and to grow the value of the original investment over the long term. The fund will mainly invest in the shares of UK listed companies, but it may also invest in similar companies overseas or in companies quoted on the Alternative Investment Market. The fund is actively managed which means that the fund manager will choose the investments, currencies and markets held in the fund but always within the boundaries outlined in the fund’s objective and policy. The fund may invest directly in derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Chris White01/12/2010Head of UK Equities, Chris White, joined Premier Asset Management in November 2010 to manage UK income funds and has over 20 years of investment management experience. Chris manages the Premier UK Income, Premier Monthly Income and Premier UK Growth Funds and also heads up Premier’s UK equity team. Previously, he was with Threadneedle for 7 years as a Director of UK Income Funds. Chris started his career with Robson Rhodes and has also worked for Charterhouse Tilney and Legg Mason as an investment manager. He holds an honours degree in Economics and is a member of the Chartered Institute for Securities & Investment and the CFA.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Premier Income EP
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.91%
Bid price459.8
Offer price459.8
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePY64
FL Premier Income EP S2
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.11%
Bid price483
Offer price483
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWK57
FL Premier Income EP S3
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.21%
Bid price190.3
Offer price190.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW216
Data provided by

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