Fact sheet: L&G BlackRock UK Absol Alpha Pn

Fund information
Fund name
L&G BlackRock UK Absolute Alpha Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Nigel Ridgesince 28/03/2013
  • Nick Osbornesince 17/01/2008
Underlying fund
BlackRock UK Absolute Alpha
Fund objective
The Fund aims to achieve positive absolute returns for investors through a combination of capital growth and income on your investment and, as such, the Fund will not be managed against any United Kingdom (UK) equity index. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund's capital is at risk. The Fund primarily aims to gain investment exposure to shares and equity-related securities of, or giving exposure to, companies incorporated or listed in the UK. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • 3 Month LIBOR
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
15.1%
1 Year rank in sector
231/530
Sector
PN Specialist
Yield
-
Fund size
£3m (£3m 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.
101
Bid price
165.84
Offer price
165.84
Top in this sector
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Performance snapshot

Holdings snapshot

  • UK100%
  • Consumer Services14.8%
    Financials13.1%
    Industrials8.7%
    Consumer Goods4.6%
    Telecommunications3.7%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%4.5%5.5%15.1%20.8%55%
Sector0.5%3%3.9%13.5%24.3%42%
Rank within sector488 / 559104 / 555172 / 550231 / 530217 / 398115 / 334
Quartile4th1st2nd2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.3%5.2%11.7%0.8%23.3%
Sector2.5%11.6%2%7.2%11%
Rank within sector153 / 555361 / 51915 / 455342 / 39345 / 365
Quartile2nd3rd1st4th1st
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.
-3.43
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.
1.4
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.
0.23
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%.
11.2
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.
7.79
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.
-0.14
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.
0.55
Price movement
52 week high168.66
52 week low136.74
Current bid price165.84
Current offer price165.84
Current mid price-
Region
1UK100%
Industry sector
1Consumer Services14.83%
2Financials13.09%
3Industrials8.67%
4Consumer Goods4.58%
5Telecommunications3.66%
6Oil & Gas3.25%
7Health Care3.08%
8Utilities0.94%
9Technology-0.25%
Asset type
No data available.
Individual holdings
1RELX PLC6.25%
2BRITISH AMERICAN TOBACCO4.27%
3LLOYDS BANKING GROUP PLC3.64%
4CARNIVAL CORP2.76%
5TESCO2.66%
6CRH2.6%
7WOLSELEY PLC2.58%
83I GROUP2.57%
9ROYAL DUTCH SHELL2.55%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The Fund aims to achieve positive absolute returns for investors through a combination of capital growth and income on your investment and, as such, the Fund will not be managed against any United Kingdom (UK) equity index. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund's capital is at risk. The Fund primarily aims to gain investment exposure to shares and equity-related securities of, or giving exposure to, companies incorporated or listed in the UK. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • 3 Month LIBOR
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Nigel Ridge28/03/2013Nigel Ridge is a member of the UK Equity Team and a member of the UK and Pan European Model Portfolio Team in London. He joined us in 1994 after six years at Schroder Investment Management. Nigel has a BSc from Loughborough University.
Nick Osborne17/01/2008Nick Osborne, CFA, Director and portfolio manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Portfolio Management Group. He co-manages the UK Absolute Alpha Fund and is responsible for managing UK equity portfolios for institutional and retail investors and also covers the Utilities and Telecommunications sectors.Mr Osborne's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. He began his career with MLIM in 1999 as an investment analyst on the UK and Emerging Market teams.Mr. Osborne earned a BSc in Economics from Bristol University in 1999.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G BlackRock UK Absolute Alpha Pn 3
Initial charge-
Annual charge0.87%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.04%
Bid price165.84
Offer price165.84
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCS5
L&G BlackRock UK Absolute Alpha Pn G25
Initial charge-
Annual charge1.51%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.51%
Bid price121.62
Offer price121.62
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBLN3
Data provided by

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