Fact sheet: Halifax UK Equity Income Pension

Fund information
Fund name
Halifax UK Equity Income Pension
Fund manager company
Halifax Life Ltd
Fund type
Pension Fund
Fund managers
  • Quantitative Investment Teamsince 01/01/2013
  • Global Equity Teamsince 01/01/2013
Underlying fund
Halifax UK Equity Income
Fund objective
The fund invests via the Halifax UK Equity Income OEIC Fund. The UK Equity Income OEIC Fund aim is: To provide above average income, along with potential long term capital growth by investing predominantly in a portfolio of companies which are part of the FTSE All Share Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. Companies will be selected which have the potential to provide higher than average dividend yields* and to achieve long term capital growth. The Fund seeks to hold more in these companies in comparison to the Index. Therefore, while the Fund will invest in a large number of companies in common with the Index, the amount held in any one company may be significantly different to the Index. The Fund is limited in the extent to which it can hold more (overweight) or less (underweight) in sectors** relative to the Index, but it aims to hold more in sectors which are expected to provide a higher than average dividend yield. * The dividend yield is calculated by dividing the annual dividend paid in respect of a share by its share price. ** A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
25%
1 Year rank in sector
36/221
Sector
PN UK Equity Income
Yield
-
Fund size
£373m (£349m 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.
96
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income40.9%
OMW IPLM&GGlLePn32.3%
OMW IPLMaUkEqPn28.4%
L&G Aberdeen UK EqPn27.8%
ReAssure JOHCMJOHambroUKEqIncPPB Pn27.7%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK100%
    Europe ex UK0%
  • Financials19.2%
    Consumer Goods15.7%
    Equities13.1%
    Oil & Gas12.6%
    Consumer Services11.5%
  • UK Equities98.7%
    Money Market1.1%
    Futures0.3%
    Europe ex UK Equities0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.4%4.7%12.1%25%23.1%68.7%
Sector4.6%5%11.4%21.5%26.5%79.4%
Rank within sector150 / 223143 / 22382 / 22336 / 221157 / 197167 / 186
Quartile3rd3rd2nd1st4th4th
Calendar performance
 YTD - 20172016201520142013
Fund8%14%1.2%-1.1%22.1%
Sector7.7%11.5%3.9%3.7%23.2%
Rank within sector103 / 22358 / 217174 / 212189 / 197124 / 189
Quartile2nd2nd4th4th3rd
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.
-1.38
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.
1.05
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.
0.27
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%.
9.54
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.
2.6
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.
-0.41
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.
0.93
Price movement
52 week high289.7
52 week low224.2
Current bid price-
Current offer price-
Current mid price289.8
Region
1UK99.99%
2Europe ex UK0.01%
Industry sector
1Financials19.15%
2Consumer Goods15.71%
3Equities13.09%
4Oil & Gas12.57%
5Consumer Services11.48%
6Basic Materials10.3%
7Industrials5.95%
8Health Care5.76%
9Utilities3.97%
Asset type
1UK Equities98.66%
2Money Market1.08%
3Futures0.26%
4Europe ex UK Equities0.01%
Individual holdings
1HSBC HLDGS7.09%
2ROYAL DUTCH SHELL5.82%
3BP4.71%
4GLAXOSMITHKLINE3.26%
5RIO TINTO3.16%
6UNILEVER2.93%
7BRITISH AMERICAN TOBACCO2.5%
8IMPERIAL BRANDS PLC2.44%
9PRUDENTIAL PLC2.43%
Management
Fund manager group
Halifax Life
Fund manager company
Halifax Life Ltd
Fund type
Pension Fund
Fund objective
The fund invests via the Halifax UK Equity Income OEIC Fund. The UK Equity Income OEIC Fund aim is: To provide above average income, along with potential long term capital growth by investing predominantly in a portfolio of companies which are part of the FTSE All Share Index (the “Index”). The Fund seeks to deliver performance, before deduction of management fees, in excess of the Index with a similar level of overall volatility, over the long term. Companies will be selected which have the potential to provide higher than average dividend yields* and to achieve long term capital growth. The Fund seeks to hold more in these companies in comparison to the Index. Therefore, while the Fund will invest in a large number of companies in common with the Index, the amount held in any one company may be significantly different to the Index. The Fund is limited in the extent to which it can hold more (overweight) or less (underweight) in sectors** relative to the Index, but it aims to hold more in sectors which are expected to provide a higher than average dividend yield. * The dividend yield is calculated by dividing the annual dividend paid in respect of a share by its share price. ** A sector is a business area, industry or economy which shares the same characteristics. Company shares are typically grouped into different sectors depending on the company’s business, for example travel and leisure or telecommunications.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Quantitative Investment Team01/01/2013
Global Equity Team01/01/2013
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Halifax UK Equity Income Pension
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price289.8
CurrencyGBX
Price updated23/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeHZ32
Halifax UK Equity Income 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 price2351.2
Offer price2462
Mid price-
CurrencyGBX
Price updated23/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeHZ33
Halifax UK Equity Income 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 price200.7
CurrencyGBX
Price updated23/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeH053
Data provided by

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