Fact sheet: FL VeritasGblFocusXEPn

Fund information
Fund name
FL Veritas Global Focus XE Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Andy Headleysince 31/07/2001
  • Charles Richardsonsince 31/07/2001
Underlying fund
Veritas Global Focus
Fund objective
Veritas state that the fund's objective is to deliver real returns over the medium and longer term through investment in a focused portfolio of global companies. The fund principally invests in equities, irrespective of specific geographical location listed or traded on Recognised Exchanges throughout the world. Investment may also be made in investment-grade convertible bonds with equity-linked notes. The fund may also invest in collective investment schemes, cash and money market securities. The manager may use derivatives for efficient portfolio management and hedging purposes.
Benchmark
  • MSCI World
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
30.9%
1 Year rank in sector
140/1001
Sector
PN Global Equities
Yield
-
Fund size
£1m (£1m 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.
99
Top in this sector
Fund name1 Year
Aegon Hend GlblTecPn46.9%
Baillie Gifford Lng Tm Gbl Gth Pn44.2%
Zurich BailGfrd LgTrmGblGth43.8%
FL Baillie Giff LT Gbl Gth Pn43%
Stan Life BGiff LgTmGlGtOEICPn42.8%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • North America54.9%
    Europe ex UK12.8%
    Money Market10.5%
    Asia Pacific ex Japan9.7%
    UK9.7%
  • Health Care25.3%
    Information Technology21.1%
    Industrials17.2%
    Consumer Discretionary13.1%
    Cash & Cash Equivalents10.5%
  • North American Equities54.9%
    Europe ex UK Equities12.8%
    Money Market10.5%
    Asia Pacific ex Japan Equities9.7%
    UK Equities9.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%5.3%8.9%30.9%--
Sector0.4%3.5%6.2%25.6%43.2%81.5%
Rank within sector53 / 105297 / 1050119 / 1030140 / 1001--
Quartile1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund7.6%26.8%8%--
Sector4.5%22.4%3.7%7.8%21.4%
Rank within sector67 / 1035283 / 957124 / 915--
Quartile1st2nd1st
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 high1.62
52 week low1.2
Current bid price-
Current offer price-
Current mid price1.6
Region
1North America54.9%
2Europe ex UK12.8%
3Money Market10.5%
4Asia Pacific ex Japan9.7%
5UK9.7%
6Middle East/ Africa2.4%
Industry sector
1Health Care25.3%
2Information Technology21.1%
3Industrials17.2%
4Consumer Discretionary13.1%
5Cash & Cash Equivalents10.5%
6Financials7.9%
7Consumer Staples3.3%
8Telecommunications Utilities1.6%
Asset type
1North American Equities54.9%
2Europe ex UK Equities12.8%
3Money Market10.5%
4Asia Pacific ex Japan Equities9.7%
5UK Equities9.7%
6Middle East & African Equities2.4%
Individual holdings
1CHARTER COMMUNICATIONS INC6.8%
2COMCAST CORP(NEW)6.3%
3UNITEDHEALTH GROUP INC4.8%
4ALLERGAN INC4.5%
5ALPHABET INC4.5%
6AIRBUS SE4.4%
7ORACLE CORP4.3%
8SAFRAN S.A.4.3%
9AMERICAN EXPRESS CO4.2%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Veritas state that the fund's objective is to deliver real returns over the medium and longer term through investment in a focused portfolio of global companies. The fund principally invests in equities, irrespective of specific geographical location listed or traded on Recognised Exchanges throughout the world. Investment may also be made in investment-grade convertible bonds with equity-linked notes. The fund may also invest in collective investment schemes, cash and money market securities. The manager may use derivatives for efficient portfolio management and hedging purposes.
Benchmark
  • MSCI World
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Andy Headley31/07/2001Andy Headley is a Partner, Fund Manager and Head of Global of Veritas Asset Management LLP. He is also Co-Fund Manager of the Veritas Global Focus Fund, Veritas Global Equity Income Fund and Veritas Global Real Return Fund. He joined the company in 2003. He was Analyst and Portfolio Manager for WP Stewart during 2001 to 2003. He was Analyst and Portfolio Manager for Newton Investment Management during 1996 to 2001. He was Tax Consultant at Price Waterhouse during 1993 to 1996. He is a Chartered Accountant, BSc, ASIP.
Charles Richardson31/07/2001Charles Richardson is Chairman, Partner and Fund Manager of Veritas Asset Management LLP. He was the Founder partner of The Real Return Group in 2003. He is a Co-Fund Manager of the Veritas Global Equity Income Fund, Veritas Global Focus Fund and Veritas Global Real Return Fund. He was Vice Chairman, Chief Investment Officer and Fund Manager Newton Investment Management during 1993 - 2002. He was Director and Head of UK Equities, County NatWest Investment Management during 1986 - 1993. He was in Military service during 1980-1985. He is a MA, MBA, and FCSI.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Veritas Global Focus XE 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 price1.599
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKN5H
FL Veritas Global Focus XE Pn Inet
Initial charge-
Annual charge1.14%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price1.5597
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKN5I
Data provided by

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