Fact sheet: FL TaLeAnBIGPSPn

Fund information
Fund name
FL Target Level Annuity (BIGPS) Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Graham Molessince 01/03/2015
Underlying fund
FL L&G(PMC) Pre-Rmt Pn
Fund objective
This fund aims to generate a return that is consistent with the changing cost of purchasing a non-increasing annuity at retirement. The fund may invest in fixed income securities, cash, deposits and money market instruments. The underlying fund(s) may change. Details of the underlying fund(s) can be found on the fund fact sheet.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£5m (£0m last year)
Top in this sector
Fund name1 Year
Ignis Standard Lg Gilt Pn25.1%
Stan Life L&G Ov15Yr IL GltIdx Pn21.2%
OMW M&G PP Lg Dted Corp Bd Pn16%
Pru Sup Lg Idx Lkd Pn14.7%
M&G PP Super Long Index Linked Pn14.5%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

  • UK64.6%
    Europe ex UK20.3%
    North America9.7%
    Others2.3%
    Australasia1.3%
  • Investment Grade Corporate Bonds59.9%
    Government Bonds37.9%
    Fixed Interest1.9%
    High Yield Bond0.5%
    Others0%
  • UK Fixed Interest61.8%
    UK Gilts37.9%
    UK Corporate Fixed Interest0.5%
    Money Market-0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.7%-10.3%4.7%---
Sector-2.7%-10.8%5.5%11.9%36.4%44.5%
Rank within sector86 / 11738 / 11854 / 118---
Quartile3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund11.8%----
Sector13.9%0%21.3%-4.3%6.5%
Rank within sector91 / 118----
Quartile4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high122.7
52 week low97.99
Current bid price-
Current offer price-
Current mid price110
Region
1UK64.55%
2Europe ex UK20.26%
3North America9.7%
4Others2.34%
5Australasia1.28%
6Central & S America1.1%
7Japan0.63%
8Asia0.21%
9Middle East/ Africa0.08%
Industry sector
1Investment Grade Corporate Bonds59.88%
2Government Bonds37.89%
3Fixed Interest1.94%
4High Yield Bond0.51%
5Others0.02%
6Cash & Cash Equivalents-0.24%
Asset type
1UK Fixed Interest61.84%
2UK Gilts37.89%
3UK Corporate Fixed Interest0.51%
4Money Market-0.24%
Individual holdings
1TREASURY 4.75% GILT 20207.08%
2TREASURY 4.5% GILT 7/12/42 GBP6.52%
3TREASURY 4.5% GILT 7/9/2034 GBP0.013.57%
4TREASURY 4.25% GILT 07/12/49 GBP0.013.35%
5TREASURY 4.25% GILT 7/12/462.98%
6TREASURY 4.75% GILT 07/12/38 GBP1.47%
7PFIZER INC 6.5% BDS 03/06/38 GBP500001.04%
8EUROPEAN INVESTMENT BANK 5.625% BDS 7/6/2032 GBP10000.8%
9GDF SUEZ 5% BDS 01/OCT/2060 GBP500000.77%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
This fund aims to generate a return that is consistent with the changing cost of purchasing a non-increasing annuity at retirement. The fund may invest in fixed income securities, cash, deposits and money market instruments. The underlying fund(s) may change. Details of the underlying fund(s) can be found on the fund fact sheet.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Graham Moles01/03/2015Graham was appointed Head of Portfolio Solutions in March 2015. He has particular expertise in risk management, derivatives, insurance investment and project management. His main focus is on the management of a range of pooled funds and bespoke client portfolios for DB and DC pension scheme clients. Graham joined LGIM in 2007, originally working in the Derivative Trade Support team and moving to the Solutions Group in 2009. He is a graduate of the University of Southampton where he obtained an honours degree in management and accounting.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Target Level Annuity (BIGPS) Pn
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 price110
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMUZF
FL Target Level Annuity (BIGPS) Pn Inet
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price109.56
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMUZG
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.