Fact sheet: FL Towry Defensive Pn

Fund information
Fund name
FL Towry Defensive Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Towry Investment Management Limitedsince 31/08/2008
Underlying fund
Tilney A0715
Fund objective
Towry state that the aim of the fund is to generate a long-term return on income and capital growth. The fund will primarily invest in collective investment schemes that invest in global bonds and sovereign debt including sub-investment grade bonds. The fund will limit its exposure to collectives that invest in global equities. The collectives may also invest in commodities, property and listed property securities. The collectives may employ a wide variety of active and passive investment strategies to gain exposure to a very broad range of investments. The fund may also invest directly up to 30% of its value in equity securities issued by small, mid and large cap companies. The fund may also invest directly up to 10% of its value in sovereign debt issued by public issuers and up to 35% of its value in corporate debt. The fund may also use derivatives for investment purposes, efficient portfolio management and for hedging.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.8%
1 Year rank in sector
98/154
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£0m (£0m 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.
29
Top in this sector
Fund name1 Year
Aegon Balanced PassiveLS 2023Pn21.7%
Aegon BalancedPassiveLSPn21.6%
Aegon Balanced PassiveLS 2022Pn19.6%
Pru Dynamic Growth ll Pn19.2%
Aegon BAQ 30/70 Equ &Bd Ix Pn17.7%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK43.1%
    International31.6%
    North America9%
    Money Market8.6%
    Europe4%
  • No data available.
  • UK Gilts16.5%
    Hedge11.7%
    Global Index Linked10.3%
    Property10.1%
    Global Fixed Interest9.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%1.6%1.7%7.8%18.1%27.3%
Sector0.5%2.1%2.4%11.6%24.4%38.7%
Rank within sector147 / 177132 / 17555 / 17198 / 15479 / 13065 / 98
Quartile4th4th2nd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.2%8.3%1.7%6.8%5.4%
Sector1.5%12.5%2.3%7.6%5.6%
Rank within sector119 / 17589 / 14462 / 13369 / 12454 / 111
Quartile3rd3rd2nd3rd2nd
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.
0.14
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.
0.76
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.
0.62
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%.
3.62
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.
1.68
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.
-0.91
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.
0.86
Price movement
52 week high157.2
52 week low144.1
Current bid price-
Current offer price-
Current mid price156.5
Region
1UK43.08%
2International31.59%
3North America9.04%
4Money Market8.57%
5Europe4.01%
6Japan2%
7Asia1.18%
8Global Emerging Markets0.53%
Industry sector
No data available.
Asset type
1UK Gilts16.51%
2Hedge11.65%
3Global Index Linked10.34%
4Property10.11%
5Global Fixed Interest9.38%
6Cash & Cash Equivalents8.57%
7Managed Futures6.96%
8UK Large Cap Companies5.69%
9US Large Cap Equities5.62%
Individual holdings
1BLACKROCK ICS INSTITUTIONAL STERLING GOVERNMENT LIQUIDITY HERITAGE DIS11.14%
2ROYAL LONDON FTSE 350 TRACKER Z ACC5.69%
3VANGUARD US EQUITY INDEX A5.62%
4VANGUARD GLOBAL BOND INDEX HEDGED ACC GBP5.58%
5M&G UK INFLATION LINKED CORPORATE BOND A INC5.19%
6GOLDMAN SACHS FUNDS STERLING LIQUID RESERVES INSTL SHS4.83%
7SSGA SPDR BARCLAYS 1-5 YEAR GILT UCITS ETF2.67%
8SSGA SPDR BARCLAYS 1-5 YEAR GILT UCITS ETF2.67%
9LYXOR NEWCITS IRL II PLC2.38%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Towry state that the aim of the fund is to generate a long-term return on income and capital growth. The fund will primarily invest in collective investment schemes that invest in global bonds and sovereign debt including sub-investment grade bonds. The fund will limit its exposure to collectives that invest in global equities. The collectives may also invest in commodities, property and listed property securities. The collectives may employ a wide variety of active and passive investment strategies to gain exposure to a very broad range of investments. The fund may also invest directly up to 30% of its value in equity securities issued by small, mid and large cap companies. The fund may also invest directly up to 10% of its value in sovereign debt issued by public issuers and up to 35% of its value in corporate debt. The fund may also use derivatives for investment purposes, efficient portfolio management and for hedging.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Towry Investment Management Limited31/08/2008
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Towry Defensive Pn
Initial charge-
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price156.5
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2J3
FL Towry Defensive Pn Inet
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price135.8
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSL2
Data provided by

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