Fact sheet: Halifax Index Linked Gilt Pension

Fund information
Fund name
Halifax Index Linked Gilt Pension
Fund manager company
Halifax Life Ltd
Fund type
Pension Fund
Fund managers
  • Mark Henzellsince 19/03/2014
  • Matthew Daviessince 19/03/2014
No data available.
Fund objective
The fund aims to produce a high level of income with the possibility of capital growth if, for example, interest rates fall, by active investment in gilt-edged and other fixed interest investments, including money on deposit.
Benchmark
  • FTA Index Linked All Stocks
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
17.3%
1 Year rank in sector
105/147
Sector
PN UK Index - Linked Gilts
Yield
-
Fund size
£30m (£29m 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.
85
Top in this sector
Fund name1 Year
SSgA Uk Idx Lkd Gilt Mar 2062 Pn33.1%
SSgA UK Idx Lkd Gilt Nov2055 Pn26.2%
SSgA UK Idx Lkd Glt Mar 2050 Pn25.4%
L&G Ovr 15Yr IdxLkd GltsIdx Pn24.5%
SSgA MPF Ovr 15Y IL Gilt Pn24.5%
...more in PN UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.4%-5.3%14.4%17.3%38.6%43.7%
Sector-3.5%-5.2%14.4%17.8%40.7%48.5%
Rank within sector57 / 15258 / 15194 / 151105 / 147105 / 13798 / 120
Quartile2nd2nd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund22.2%-2%17%-0.4%-0.6%
Sector21.7%-1.5%18.7%0.1%-0.1%
Rank within sector84 / 14898 / 141121 / 13797 / 12979 / 120
Quartile3rd3rd4th4th3rd
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.
-0.43
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.
1
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.
0.66
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%.
11.51
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.
0.88
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.
-0.44
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.
0.99
Price movement
52 week high327.2
52 week low249.5
Current bid price-
Current offer price-
Current mid price305
Region
1UK100.01%
2North America-0.01%
Industry sector
1Index Linked99.79%
2Money Market0.2%
Asset type
1UK Index-Linked99.79%
2Money Market0.21%
Individual holdings
1TREASURY 1.25% IDX-LKD GILT 22/11/27 GBP0.0111.67%
2TREASURY 0.625% IDX-LKD GILT 22/3/40 GBP0.017.84%
3TREASURY 0.75% IDX-LKD GILT 22/03/34 GBP0.016.64%
4TREASURY 0.375% IDX-LKD GILT 22/03/62 GBP6.55%
5TREASURY 0.125% GILT 22/03/68 GBP0.015.92%
6TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.015.86%
7TREASURY 0.125% IDX-LKD GILT 22/11/19 GBP0.015.43%
8TREASURY 0.625% IDX-LKD GILT 22/11/42 GBP5.13%
9TREASURY 0.25% IDX LKD GILT 22/3/52 GBP0.015.06%
Management
Fund manager group
Halifax Life
Fund manager company
Halifax Life Ltd
Fund type
Pension Fund
Fund objective
The fund aims to produce a high level of income with the possibility of capital growth if, for example, interest rates fall, by active investment in gilt-edged and other fixed interest investments, including money on deposit.
Benchmark
  • FTA Index Linked All Stocks
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Henzell19/03/2014Mark is a member of the Multi-Asset Funds team. In addition, the team also run several multi-asset fund-of-fund portfolios, which include the Lloyds TSB mass market retail fund range. More recently Mark has been involved with the new wealth management business. Mark joined the group in 1996, initially as a desk dealer on the Far East and Japanese desks, before moving onto the global strategy team. He joined the balanced funds team in 2002.Previously, Mark worked at Baring Asset Management in London, initially on the graduate training programme, covering both Private Client Investments and Fixed Income securities. Mark has also spent time with Kleinwort Benson Securities with experience in the Eurobond and money markets.Mark holds a BSc (Hons) in Economics from Buckingham University, and an MPhil in Management, Economics and Politics from St Andrews University.
Matthew Davies19/03/2014Matthew Davies manages the Fund. Matthew joined SWIP in October 2006 and has 11 years' investment management experience, 7 of which have been gained at SWIP.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Halifax Index Linked Gilt Pension
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price305
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeHZ36
Halifax Index Linked Gilt Pension Dual
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price463.2
Offer price485
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeHZ37
Halifax Index Linked Gilt Pension Stake
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price231
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeH055
Data provided by

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