Fact sheet: FL Retirement Dist AP

Fund information
Fund name
FL Retirement Distribution AP 1
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Tyler McGrawsince 19/11/2015
  • Gavin Counsellsince 19/11/2015
No data available.
Fund objective
To provide a good and growing level of income with prospects for long-term capital growth through investment in a wide range of shares, property, bonds and other fixed interest investments. 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
5.7%
1 Year rank in sector
324/462
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£1,768m (£1,887m 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.
55
Bid price
676
Offer price
711.6
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn27.1%
AXA Wealth TEAMS cl Gvn ptfl VPn19.3%
AXA Wealth TEAMS cl Gvn ptfl IVPn18.4%
FL Investec Caut Mgd Pn16.6%
AXA Wealth TEAMS cl Gvn ptfl IIIPn16.3%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • No data available.
  • Money Market60.1%
    AAA27%
    AA24.7%
    Others5.5%
    A1.7%
  • International Equities51.7%
    UK Corporate Fixed Interest20.1%
    Others6.9%
    UK Gilts6.3%
    Global Corporate Fixed Interest5.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.9%-1.7%7.8%5.7%15.2%36.7%
Sector-1.9%-1.6%6.6%8.2%17.2%39.9%
Rank within sector487 / 529306 / 529150 / 517324 / 462190 / 397223 / 339
Quartile4th3rd2nd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund8.2%-0.9%7%11.1%5.7%
Sector8.9%1.3%6%8.3%9.4%
Rank within sector230 / 463364 / 42595 / 399120 / 381296 / 339
Quartile2nd4th1st2nd4th
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.
-1.11
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.
1.19
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.
0.32
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%.
6.72
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.
2.85
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.
-0.04
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.
0.84
Price movement
52 week high705.2
52 week low601
Current bid price676
Current offer price711.6
Current mid price-
Region
No data available.
Industry sector
1Money Market60.11%
2AAA26.99%
3AA24.73%
4Others5.48%
5A1.66%
6BBB0.09%
7Non-Rated-19.06%
Asset type
1International Equities51.7%
2UK Corporate Fixed Interest20.09%
3Others6.93%
4UK Gilts6.3%
5Global Corporate Fixed Interest5.93%
6Money Market4.61%
7UK Equities3.78%
8UK Index-Linked0.66%
Individual holdings
1TREASURY 3.5% GILT 22/01/45 GBP0.96%
2TREASURY 2% GILT 22/07/20 GBP0.010.82%
3TREASURY 1.5% GILT 22/07/26 GBP0.010.62%
4EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP10000.5%
5TREASURY 1.75% GILT 22/01/17 GBP0.010.5%
6TREASURY 4.25% GILT 07/12/400.49%
7WESTERN POWER DISTRIBUTION WEST MID 5.75% SNR UNSEC NTS 16/04/32 GBP1000000.4%
8HEATHROW FUNDING LTD 7.125% BDS 14/02/24 GBP100000 B0.37%
9TREASURY 1.5 GILT 22/01/21 GBP0.010.37%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
To provide a good and growing level of income with prospects for long-term capital growth through investment in a wide range of shares, property, bonds and other fixed interest investments. 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
Tyler McGraw19/11/2015Tyler is responsible for managing a range of Aviva Investors' structured multi-asset funds including target date solutions and capital protected products. Tyler joined the investment industry in 2007 and joined Aviva Investors in 2011. Prior to Aviva Investors, Tyler was based in Shanghai, China where he worked for a group of private Canadian investors. He was responsible for sourcing and conducting due diligence on Chinese companies looking to raise capital in North America. Prior to this he worked in the Product Strategy Department at AGF Investments in Toronto, Canada. Tyler holds a degree in Economics from the University of Western Ontario, Canada and the IMC.
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 Retirement Distribution 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 price676
Offer price711.6
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP50
FL Retirement Distribution AP 1 Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price284.3
Offer price299.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP51
FL Retirement Distribution AP 3 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price398.4
Offer price419.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSP69
FL Retirement Distribution 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 price377.2
Offer price397.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA328
FL Retirement Distribution 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 price441.5
Offer price464.7
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB77
FL Retirement Distribution 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 price441.5
Offer price464.7
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAA51
FL Retirement Distribution 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 price257.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ79
FL Retirement Distribution 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 price261.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG632
Data provided by

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