Fact sheet: FL UK Equity AP

Fund information
Fund name
FL UK Equity AP 1
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Russell Harrissince 19/11/2015
  • Ned Kellysince 19/11/2015
  • Trevor Greensince 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. The fund invests directly or indirectly in a portfolio of UK equities. The fund may also invest in overseas equities with any foreign currency exposure typically hedged back to sterling.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3.4%
1 Year rank in sector
574/843
Sector
PN UK All Companies
Yield
-
Fund size
£869m (£1,703m 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.
92
Bid price
6408.8
Offer price
6746.1
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn41.9%
Countrywide Equity Pn21.2%
OMW Schroder Recovery20.7%
Royal London Schroders Recovery Pn20.5%
Fidelity UBS UK Select Pn20%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK91.9%
    Ireland2.5%
    Netherlands2.3%
    Switzerland1.1%
    Money Market0.9%
  • Financials19%
    Consumer Goods16%
    Consumer Services14.7%
    Industrials12.3%
    Oil & Gas12.3%
  • International Equities98.7%
    UK Equities1%
    Money Market0.2%
    US Equities0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.7%-1.6%6.5%3.4%8.5%43.6%
Sector-1.2%-0.3%6.2%5.1%13.2%59.3%
Rank within sector742 / 865632 / 862494 / 861574 / 843629 / 805661 / 756
Quartile4th3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.4%1.2%0.2%20.6%11%
Sector5.6%4.4%0.6%24.2%15.4%
Rank within sector491 / 843555 / 831435 / 806552 / 785583 / 758
Quartile3rd3rd3rd3rd4th
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.
-0.77
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.
0.99
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.
0.01
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%.
10.07
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.
3.23
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.
-0.27
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.
0.9
Price movement
52 week high6794.2
52 week low5382.5
Current bid price6408.8
Current offer price6746.1
Current mid price-
Region
1UK91.92%
2Ireland2.53%
3Netherlands2.31%
4Switzerland1.15%
5Money Market0.92%
6International0.47%
7USA0.29%
8Others0.2%
9Germany0.13%
Industry sector
1Financials19.03%
2Consumer Goods16.01%
3Consumer Services14.66%
4Industrials12.34%
5Oil & Gas12.33%
6Health Care9.18%
7Basic Materials5.62%
8Telecommunications5.16%
9Others5.01%
Asset type
1International Equities98.66%
2UK Equities1.02%
3Money Market0.18%
4US Equities0.14%
Individual holdings
1ROYAL DUTCH SHELL7.08%
2BRITISH AMERICAN TOBACCO5.99%
3BP4.36%
4HSBC HLDGS4.35%
5GLAXOSMITHKLINE3.46%
6VODAFONE GROUP2.99%
7RECKITT BENCKISER GROUP PLC2.67%
8PRUDENTIAL PLC2.64%
9RIO TINTO2.63%
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. The fund invests directly or indirectly in a portfolio of UK equities. The fund may also invest in overseas equities with any foreign currency exposure typically hedged back to sterling.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Russell Harris19/11/2015Russell joined Investment Industry in 1984. His main Responsibilities are to deal with Index funds and futures execution. He began his career with the firm (as Norwich Union) in 1984, starting in Investment Technology and progressing into Investment Marketing, UK Equities and Quantitative Investment. He holds a BA (Hons) in Economics from Heriot Watt University.
Ned Kelly19/11/2015Ned joined the investment industry in 1998; Aviva Investors in July 2001 and is responsible for Index funds and futures execution. Prior to joining Aviva Investors, Ned worked for Legal & General Investment Management as an index fund analyst. Prior to L&G, he was with Barclays Global Investors as a client accountant. Ned holds a BA (Hons) in European Business Systems from London Guildhall University and the Investment Management Certificate.
Trevor Green19/11/2015Trevor Green joined New Star in June 2008 as a UK equity fund manager from RCM (UK) Ltd., where he was a director. Prior to this, Trevor was a portfolio manager for UK and European Equities with Credit Suisse Asset Management. During his five years with Credit Suisse, Trevor was an associate director and then director within the UK equity team. In September 1999, Trevor was appointed manager of the Credit Suisse Growth Fund, ranked 16th out of 266 funds in its Micropal category and was awarded an A rating by Standard & Poor in December 2000. He started his career as a fund manager at Capel Cure Myers in 1990 with responsibility for its UK Smaller Companies Fund. Trevor graduated from Aberdeen University with a BA (Hons) in Business Studies in 1990.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL UK Equity AP
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 price190
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ80
FL UK Equity 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 price6408.8
Offer price6746.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP05
FL UK Equity 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 price4822.6
Offer price5076.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSP71
FL UK Equity 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 price4539.2
Offer price4778.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ22
FL UK Equity 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 price5650.9
Offer price5948.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB47
FL UK Equity 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 price5650.9
Offer price5948.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ94
FL UK Equity AP Cap
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1747.3
Offer price1839.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP46
FL UK Equity 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 price263.5
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPK0
Data provided by

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