Fact sheet: FL R&M UK Eq Smaller Cos AP

Fund information
Fund name
FL River and Mercantile UK Equity Smaller Companies AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Philip Rodrigssince 15/09/2014
Underlying fund
R&M UK Equity Sm Cos
Fund objective
River and Mercantile state that the fund's objective is to achieve capital growth. The fund will achieve its objective by investing in a portfolio primarily consisting of UK equities, which reside in the bottom 10% of the UK stock market in terms of market capitalisation. This includes equities listed, domiciled or have substantial operating activities in the UK. In addition to equities, the fund may also invest in other transferable securities such as bonds, convertible bonds, preference shares, warrants, units in collective investment schemes, money market instruments, cash and near cash and deposits.
Benchmark
  • Numis Smaller Companies AIM (ex IT) Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
27.4%
1 Year rank in sector
61/110
Sector
PN UK Smaller Companies
Yield
-
Fund size
£1m (£1m 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.
76
Top in this sector
Fund name1 Year
Pru UK Smaller Comp Pn37.4%
Zurich UK Smaller Companies Pn36.8%
M&G PP UK Smaller Companies Pn36.7%
Aviva Schrdr UK Dyc Sml Cos Pn36.7%
OMW Liontrust UK Sm Cos36%
...more in PN UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK82.8%
    Jersey4.6%
    Money Market3.6%
    Guernsey2.5%
    Israel1.9%
  • Industrials29.5%
    Consumer Services18%
    Financials14.9%
    Consumer Goods12.3%
    Technology8.6%
  • UK Equities91.6%
    Money Market3.6%
    Israeli Equities1.9%
    Irish Equities1.1%
    Canadian Equities1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.9%10.4%21.1%27.4%56.7%243%
Sector4.6%11.1%22.9%27.3%46.4%131.8%
Rank within sector105 / 11584 / 11586 / 11561 / 11038 / 1062 / 99
Quartile4th3rd3rd3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund16.8%7.7%19.6%6%61.4%
Sector17.1%7.1%17.6%-2.3%37.9%
Rank within sector70 / 11555 / 10938 / 1084 / 1052 / 104
Quartile3rd3rd2nd1st1st
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.
2.17
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.
1.02
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.
0.87
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%.
12.09
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.
3.41
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.
0.66
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 high727.6
52 week low496.2
Current bid price-
Current offer price-
Current mid price728.2
Region
1UK82.77%
2Jersey4.62%
3Money Market3.6%
4Guernsey2.54%
5Israel1.85%
6Isle of Man1.66%
7Ireland1.09%
8Canada0.95%
9Australia0.76%
Industry sector
1Industrials29.49%
2Consumer Services17.95%
3Financials14.88%
4Consumer Goods12.3%
5Technology8.58%
6Money Market5.2%
7Health Care4.3%
8Oil & Gas2.59%
9Basic Materials2.54%
Asset type
1UK Equities91.59%
2Money Market3.6%
3Israeli Equities1.85%
4Irish Equities1.09%
5Canadian Equities0.95%
6Australian Equities0.76%
7American Emerging Equities0.16%
Individual holdings
1SMART METERING SYSTEMS PLC3.5%
2CONVIVIALITY PLC3.3%
3FEVERTREE DRINKS PLC3.3%
4ONESAVINGS BANK PLC2.4%
5GAMMA COMMUNICATIONS PLC2.3%
6BOOHOO.COM PLC2.2%
7SDL2%
8STAFFLINE GROUP PLC2%
9PHOTO-ME INTERNATIONAL1.8%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
River and Mercantile state that the fund's objective is to achieve capital growth. The fund will achieve its objective by investing in a portfolio primarily consisting of UK equities, which reside in the bottom 10% of the UK stock market in terms of market capitalisation. This includes equities listed, domiciled or have substantial operating activities in the UK. In addition to equities, the fund may also invest in other transferable securities such as bonds, convertible bonds, preference shares, warrants, units in collective investment schemes, money market instruments, cash and near cash and deposits.
Benchmark
  • Numis Smaller Companies AIM (ex IT) Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Philip Rodrigs15/09/2014Philip Rodrigs is a Partner of the River and Mercantile Group's Equity Solutions division. Philip specialises as an investor in UK listed firms. Philip joined River and Mercantile in March 2014 following a successful 8 years with Investec Asset Management, having grown the multi-award winning Investec UK Smaller Companies Fund to over $1bn and being recognised as Investment Week Fund Manager of the Year 2010 and 2011 and the Morningstar OBSR Outstanding Rising Talent in 2012. Philip also managed the UK All-Cap Investec UK Alpha Fund and latterly co-managed the Investec UK Blue Chip Fund. Philip has been investing in AiM listed stocks since graduating from Oxford University in 2002, with spells at Invesco Asset Management and T Rowe Price Asset Management prior to joining Investec in 2005.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL River and Mercantile UK Equity Smaller Companies AP
Initial charge0.25%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price728.2
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAEY2
FL River and Mercantile UK Equity Smaller Companies AP Inet
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price616.7
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAGU9
Data provided by

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