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
16%
1 Year rank in sector
156/225
Sector
PN UK Equity Income
Yield
-
Fund size
£10m (£11m 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.
83
Bid price
204.7
Offer price
204.7
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income47.9%
OMW IPLM&GGlLePn44.8%
FL Income Accumulation Pn37%
FL Schroder Inc AP35.8%
Scot Eq Schroder Income Pn34.9%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK98.9%
    Money Market1.1%
  • Financials33.8%
    Industrials20.8%
    Consumer Discretionary18.3%
    Consumer Staples12.6%
    Energy8.7%
  • UK Equities98.9%
    Money Market1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.2%6.3%14.6%16%21.9%79.9%
Sector3.4%3.6%9.7%20.2%20.9%68.4%
Rank within sector138 / 22839 / 22925 / 229156 / 22590 / 20551 / 192
Quartile3rd1st1st3rd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.2%8.3%9.5%2.1%31.8%
Sector2%11.5%3.9%3.7%23.2%
Rank within sector91 / 228152 / 22520 / 220162 / 20514 / 197
Quartile2nd3rd1st4th1st
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.
0.36
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
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.
0.3
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%.
10.19
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.
4.49
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.
0.81
Price movement
52 week high205.1
52 week low165.8
Current bid price204.7
Current offer price204.7
Current mid price-
Region
1UK98.9%
2Money Market1.1%
Industry sector
1Financials33.8%
2Industrials20.8%
3Consumer Discretionary18.3%
4Consumer Staples12.6%
5Energy8.7%
6Utilities2.7%
7Telecommunications Utilities2%
8Money Market1.1%
Asset type
1UK Equities98.9%
2Money Market1.1%
Individual holdings
1ROYAL DUTCH SHELL5%
2BAE SYSTEMS PLC4.5%
3LLOYDS BANKING GROUP PLC4.2%
4IMPERIAL TOBACCO GROUP PLC4.1%
5PHOENIX GROUP HLDGS4%
6CONVIVIALITY PLC3.8%
7BP PLC3.7%
8HSBC HOLDINGS PLC3.6%
9DAIRY CREST G ORD GBP0.253.5%
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 price494.6
Offer price494.6
Mid price-
CurrencyGBX
Price updated16/01/2017
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 price519.5
Offer price519.5
Mid price-
CurrencyGBX
Price updated16/01/2017
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 price204.7
Offer price204.7
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW216
Data provided by

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