Fact sheet: L&G CF Seneca Dvfd Inc Pn

Fund information
Fund name
L&G CF Seneca Diversified Income Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Richard Parfectsince 30/06/2010
  • Alan Borrowssince 07/04/2002
Underlying fund
CF Seneca Divfd Inc
Fund objective
The investment objective is to provide a high level of growing income by investing in a balanced and well diversified portfolio of UK and International equities, fixed interest securities including government and corporate bonds. Investments will also be made in regulated collective investment schemes, money markets and cash deposits to provide further diversification to the Fund in accordance with applicable regulations.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
No data available.
Quick stats
1 Year return
6.4%
1 Year rank in sector
287/462
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£0m (£0m 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.
45
Bid price
112.27
Offer price
112.27
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn27.1%
AXA Wealth TEAMS cl Gvn ptfl VPn19.3%
AXA Wealth TEAMS cl Gvn ptfl IVPn18.4%
FL Investec Caut Mgd Pn16.6%
AXA Wealth TEAMS cl Gvn ptfl IIIPn16.3%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • Not Specified54.9%
    UK26.3%
    International18.1%
    Money Market0.7%
  • No data available.
  • Global Fixed Interest30.8%
    UK Equities26.3%
    International Equities24.1%
    Others18.1%
    Money Market0.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%0.5%4.9%6.4%13.5%39.5%
Sector-1.9%-1.6%6.6%8.2%17.2%39.9%
Rank within sector87 / 52989 / 529381 / 517287 / 462247 / 397187 / 339
Quartile1st1st3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6%4.5%2%10.7%10.8%
Sector8.9%1.3%6%8.3%9.4%
Rank within sector330 / 46334 / 425347 / 399141 / 381129 / 339
Quartile3rd1st4th2nd2nd
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.
-0.28
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.
0.83
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.
0.16
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%.
5.95
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.
4.14
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.
-0.31
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.
0.52
Price movement
52 week high113.83
52 week low100.07
Current bid price112.27
Current offer price112.27
Current mid price-
Region
1Not Specified54.9%
2UK26.3%
3International18.1%
4Money Market0.7%
Industry sector
No data available.
Asset type
1Global Fixed Interest30.8%
2UK Equities26.3%
3International Equities24.1%
4Others18.1%
5Money Market0.7%
Individual holdings
1ROYAL LONDON STERLING EXTRA YIELD BOND A INC6.2%
2MUZINICH FUNDS SHORTDURATIONHIGHYIELD A EUR INC HDG6%
3ROYAL LONDON SHORT DURATION GLOBAL HIGH YIELD BOND A INC5.9%
4INVESCO PERPETUAL EUROPEAN EQUITY INCOME ACC4%
5TEMPLETON EMERGING MARKET BOND FUND4%
6TWENTY FOUR DYNAMIC BOND4%
7AJ BELL HOLDINGS LTD2.9%
8SCHRODER ASIAN INCOME MAXIMISER A INC2.6%
9LIONTRUST EUROPEAN ENHANCED INCOME INST ACC2.4%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The investment objective is to provide a high level of growing income by investing in a balanced and well diversified portfolio of UK and International equities, fixed interest securities including government and corporate bonds. Investments will also be made in regulated collective investment schemes, money markets and cash deposits to provide further diversification to the Fund in accordance with applicable regulations.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
No data available.
Fund managers
NameSinceBiography
Richard Parfect30/06/2010Richard commenced his investment career with Rathbone Neilson Cobbold in 1996 in the UK equity research department. On attaining his Securities Institute Diploma, he moved into institutional fund management with the Merseyside Pension Fund (MPF), focussing primarily on equities. In 2002 Richard was one of the founding members of Seneca Investment Managers Limited (originally Midas Capital Partners Limited). On 1 July 2010 he was appointed Co-Fund Manager of the CF Seneca Diversified Income Fund. Richard is a Fellow of the Chartered Institute for Securities & Investments.
Alan Borrows07/04/2002Alan began his investment career as an Investment Assistant at Merseyside County Council in 1980, rising to the position of Senior Investment Manager in 1987. In addition to managing traditional assets, Alan led the introduction of a wide range of alternative asset classes into The Merseyside Pension Fund. He was responsible for the Team’s first hedge fund investments in the early 1990s and for the introduction of structured products. Alan was also involved in the development of the private equity programme at Merseyside Pension Fund. Alan jointly founded Seneca Investment Managers Limited (originally Midas Capital Partners Limited) in 2002. Alan has been Lead Fund Manager on the CF Seneca Diversified Income Fund since launch in 2002. Alan is also the Lead Fund Manager of the Seneca Global Income & Growth Trust plc (formerly known as Midas Income & Growth Trust plc).
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G CF Seneca Diversified Income Pn G25
Initial charge-
Annual charge1.87%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.87%
Bid price112.27
Offer price112.27
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeV274
Data provided by

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