Fact sheet: FL Reserve AP

Fund information
Fund name
FL Reserve AP 4 Acc
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. This is a managed fund that invests directly or indirectly in UK and overseas equities, convertibles, warrants or bonds, including index-linked bonds, property and alternatives. The fund may use derivatives for investment purposes.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
11.7%
1 Year rank in sector
-
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£161m (£144m 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.
36
Bid price
552
Offer price
581.1
Top in this sector
Fund name1 Year
Stan Life TM Levitas A Pn23.1%
Pru Dynamic Growth ll Pn22.9%
Aegon BAQ 30/70 Equ &Bd Ix Pn19.7%
SJP Strg Inc Dis Pn19.7%
Pru Dynamic Growth l Pn19.5%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • No data available.
  • Money Market45.7%
    Others21.4%
    AAA16.2%
    AA11.5%
    BBB6%
  • UK Corporate Fixed Interest29.8%
    UK Gilts21.7%
    International Equities20.5%
    UK Equities11.5%
    Global Corporate Fixed Interest6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%3.2%0.2%11.7%25.5%29.7%
Sector0.9%3.2%1.8%13.6%23.7%38%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund1.2%11.9%2%9.5%-0.4%
Sector0.8%12.5%2.3%7.6%5.6%
Rank within sector-----
Quartile
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.
1.75
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.
0.75
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.
0.89
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%.
4.21
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.
2.86
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.
0.61
Price movement
52 week high554.4
52 week low493
Current bid price552
Current offer price581.1
Current mid price-
Region
No data available.
Industry sector
1Money Market45.71%
2Others21.44%
3AAA16.16%
4AA11.45%
5BBB6%
6A1.53%
7BB0.34%
8B0.02%
9Non-Rated-2.65%
Asset type
1UK Corporate Fixed Interest29.81%
2UK Gilts21.72%
3International Equities20.52%
4UK Equities11.46%
5Global Corporate Fixed Interest6.21%
6Money Market4.94%
7Others2.79%
8UK Index-Linked2.55%
Individual holdings
1TREASURY 4.25% GILT 7/12/20273.38%
2TREASURY 2% GILT 22/07/20 GBP0.013.28%
3TREASURY 1.5% GILT 22/07/47 GBP11.98%
4TREASURY 4.25% GILT 07/12/401.93%
5TREASURY 1.75% GILT 22/01/17 GBP0.011.86%
6TREASURY 1.5 GILT 22/01/21 GBP0.011.49%
7TREASURY 4.5% GILT 7/9/2034 GBP0.011.42%
8TREASURY 2.5% GILT 22/07/65 GBP0.11.33%
9ROYAL DUTCH SHELL1.04%
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. This is a managed fund that invests directly or indirectly in UK and overseas equities, convertibles, warrants or bonds, including index-linked bonds, property and alternatives. The fund may use derivatives for investment purposes.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
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 Reserve AP 1
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price586.7
Offer price617.6
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQQ22
FL Reserve AP 3 Acc
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price586.7
Offer price617.6
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSP70
FL Reserve 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 price552
Offer price581.1
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ68
FL Reserve 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 price651.4
Offer price685.7
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB76
FL Reserve AP 9 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price651.4
Offer price685.7
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAA50
FL Reserve AP Acc
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 price240.7
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB82
FL Reserve AP Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price296.9
Offer price312.5
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP07
FL Reserve 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 price256.3
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG782
Data provided by

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