Fact sheet: FL Schroder UK Alpha Plus AP

Fund information
Fund name
FL Schroder UK Alpha Plus AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Philip Matthewssince 15/10/2013
Underlying fund
Schroder UK Alpha Plus
Fund objective
Schroders state that the fund's aim is to provide capital growth. The fund will invest primarily in a concentrated range of shares of UK companies. 'Alpha' funds invest in companies in which the manager has a high conviction that the current share price does not reflect the future prospects for that business. The manager will place no bias to any particular industry or size of company. The fund adopts a benchmark unaware approach to investing, meaning that the manager selects only the very best ideas for the fund, looking for companies that can deliver an attractive return over a reasonable time-frame. The fund may also invest in other financial instruments and hold cash on deposit.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
10.7%
1 Year rank in sector
203/845
Sector
PN UK All Companies
Yield
-
Fund size
£6m (£6m 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.
91
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn45.6%
Fidelity UBS UK Select Pn27.9%
Halifax IM UK Growth Pn27.6%
CM UBS UK Opportunities Pension27.4%
SW UBS UK Opps Pn26.9%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK99.9%
    Money Market0.1%
  • Financials20%
    Consumer Services17.5%
    Health Care14.4%
    Oil & Gas12.9%
    Industrials12.3%
  • UK Equities100.3%
    Money Market-0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.6%2.4%8.9%10.7%18.5%79.8%
Sector1.8%-0.5%6.2%6.6%15.6%58.1%
Rank within sector99 / 867126 / 864217 / 863203 / 845241 / 807107 / 758
Quartile1st1st2nd1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund10.2%3.5%-0.1%29.9%24.3%
Sector6.1%4.4%0.6%24.2%15.4%
Rank within sector213 / 845410 / 833472 / 808164 / 78785 / 760
Quartile2nd2nd3rd1st1st
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.
0.79
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.
0.97
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.
0.15
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%.
9.73
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.
2.56
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.
0.25
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.
0.93
Price movement
52 week high545.1
52 week low429.9
Current bid price-
Current offer price-
Current mid price536.1
Region
1UK99.91%
2Money Market0.09%
Industry sector
1Financials20.03%
2Consumer Services17.53%
3Health Care14.43%
4Oil & Gas12.91%
5Industrials12.34%
6Technology9.35%
7Consumer Goods5.88%
8Telecommunications5.75%
9Utilities1.69%
Asset type
1UK Equities100.3%
2Money Market-0.3%
Individual holdings
1ROYAL DUTCH SHELL7.41%
2GLAXOSMITHKLINE6.02%
3BP4.99%
4BRITISH AMERICAN TOBACCO4.9%
5LLOYDS BANKING GROUP PLC4.17%
6AVIVA4.11%
7TESCO3.93%
8BALFOUR BEATTY3.62%
9BT GROUP2.95%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Schroders state that the fund's aim is to provide capital growth. The fund will invest primarily in a concentrated range of shares of UK companies. 'Alpha' funds invest in companies in which the manager has a high conviction that the current share price does not reflect the future prospects for that business. The manager will place no bias to any particular industry or size of company. The fund adopts a benchmark unaware approach to investing, meaning that the manager selects only the very best ideas for the fund, looking for companies that can deliver an attractive return over a reasonable time-frame. The fund may also invest in other financial instruments and hold cash on deposit.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Philip Matthews15/10/2013Philip Matthews joined Schroders in October 2013 to take over management of the Schroder UK Alpha Plus Fund. At the beginning of 1999 Philip joined Jupiter's fund management department and has managed both retail and UK institutional portfolios since November 2001. Philip has managed the Jupiter Growth & Income Fund since April 2006 and was also the Deputy Fund Manager of Jupiter Income Trust. Prior to this Philip worked at Chesterton plc in the Residential Investment and Development Department. Philip Matthews studied at Cambridge University where he gained a degree in Modern & Medieval Languages.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Schroder UK Alpha Plus AP
Initial charge-
Annual charge0.89%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price536.1
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeRV56
FL Schroder UK Alpha Plus AP Inet
Initial charge-
Annual charge2.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.31%
Bid price-
Offer price-
Mid price1002.3
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeER77
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.