Fact sheet: FL Property AP

Fund information
Fund name
FL Property AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Gavin Counsellsince 19/11/2015
No data available.
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. The fund primarily invests in commercial properties such as retail, office, industrial and leisure. The fund may also invest in land, residential property and undertake developments.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Physical
Quick stats
1 Year return
5.9%
1 Year rank in sector
5/159
Sector
PN UK Direct Property
Yield
-
Fund size
£390m (£419m 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.
13
Top in this sector
Fund name1 Year
Guardian Property Pn15.2%
Guardian Choices Property Pn15.2%
Zurich L&G Property Pn8.1%
OMW IPL Aviva Lm Prp Pn7.4%
FL Property AP5.9%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • No data available.
  • Warehouse - Property22.5%
    Others21.5%
    Offices - Property18.2%
    Retail14.3%
    Industrials14.1%
  • No data available.

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%1.6%1.6%5.9%38%47.5%
Sector0.7%2.5%-2.4%-1.4%24.6%33.2%
Rank within sector76 / 161106 / 1606 / 1595 / 15912 / 15420 / 149
Quartile2nd3rd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund5.3%12%16.4%6.1%0.8%
Sector-1.7%9.7%14.3%6.9%1%
Rank within sector4 / 15938 / 15836 / 154107 / 15267 / 149
Quartile1st1st1st3rd2nd
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.
9.22
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.
0.27
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.
4.53
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%.
1.75
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.
1.14
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.
0.28
Price movement
52 week high270.8
52 week low255.7
Current bid price-
Current offer price-
Current mid price270.8
Region
No data available.
Industry sector
1Warehouse - Property22.5%
2Others21.5%
3Offices - Property18.18%
4Retail14.25%
5Industrials14.12%
6Money Market9.45%
Asset type
No data available.
Individual holdings
1GOBAFOSS PARTERSHIP23.81%
2BENTLEY BRIDGE RETAIL PARK, WOLVERHAMPTON8.93%
380 BUSHEY ROAD LONDON SW205.57%
4NURSLING INDUSTRIAL ESTATE SOUTHAMPTON4.92%
5SIENA COURT BROADWAY MAIDENHEAD3.04%
6THE PLAZA, DENMARK STREET, WOKINGHAM2.97%
710-14 JAMES ST HARROGATE2%
8NEWPORT RETAIL PARK GWENT1.97%
9SOUTH EAST SIDE OF WOOD ST1.91%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. The fund primarily invests in commercial properties such as retail, office, industrial and leisure. The fund may also invest in land, residential property and undertake developments.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Physical
Fund managers
NameSinceBiography
Gavin Counsell19/11/2015Gavin is responsible for managing a range of multi-asset funds. Joined the investment industry in 2000, and joined Aviva Investors in 2012. Prior to joining Aviva Investors, Gavin was a Senior Investment Consultant at Towers Watson within the Strategy team. Within this role Gavin provided strategic investment advice to pension scheme trustees; schemes with assets ranging from several hundred million to multi-billion. This included providing portfolio construction analysis and asset allocation advice, to achieve both target returns and diverse risk exposures. Before joining Towers Watson, he worked as a Pensions and Investment Consultant for Aon Consulting, between 2000 and 2007, focusing on asset liability modelling studies, asset allocation, portfolio structuring and performance analytics. Gavin is a qualified Fellow of the Institute and Faculty of Actuaries. He also holds a Master of Mathematics degree from the University of Warwick.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Property AP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price270.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ56
FL Property AP 1
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price1329.4
Offer price1399.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP19
FL Property AP 2 Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price362
Offer price381
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSU06
FL Property AP 4 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1754.5
Offer price1846.8
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ23
FL Property AP 5 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2186.2
Offer price2301.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB75
FL Property AP 8 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2186.2
Offer price2301.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAC74
FL Property AP 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 price279.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG792
Data provided by

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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.