Fact sheet: L&G HSBC Global Distribution Pn

Fund information
Fund name
L&G HSBC Global Distribution Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Stephen David Doransince 25/11/2015
  • Justin Mark Turnersince 25/11/2015
  • Jonathan Samson Rebaksince 05/01/2010
  • Jonathan Samson Rebaksince 30/04/2010
Underlying fund
HSBC Open Global Distribution
Fund objective
The fund seeks to provide a high level of income by investing in a broad range of asset classes across global markets. The fund will invest primarily in collective investment schemes that in turn invest in fixed income securities higher yielding equities, commodities and derivatives. The ACD may also invest at its discretion in other transferable securities, money market deposits, cash and near cash. Subject to obtaining and maintaining the requisite permissions from the FCA under the Financial Services and Markets Act 2000 on giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. [Note: where the use of derivatives is for investment purposes in addition to hedging it is envisaged that the use of such instruments will not affect the overall risk profile of the Fund.]
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.4%
1 Year rank in sector
181/462
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.
43
Bid price
135.61
Offer price
135.61
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn27.6%
AXA Wealth TEAMS cl Gvn ptfl VPn19.3%
AXA Wealth TEAMS cl Gvn ptfl IVPn18.5%
OMW IPL F&COs EqLnkUKInflPn16.6%
AXA Wealth TEAMS cl Gvn ptfl IIIPn16.5%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • International56.8%
    Not Specified21.7%
    Global Emerging Markets18.6%
    Money Market2.9%
  • No data available.
  • Global Developed Equities30.5%
    Global High Yield Fixed Interest17.1%
    Global Corporate Fixed Interest16.7%
    Global Emerging Market Fixed Interest10.5%
    Global Emerging Market Equities8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.3%-2.4%5.9%8.4%17.5%-
Sector-0.9%-2%5.7%8.3%17.9%38.5%
Rank within sector527 / 529331 / 529208 / 518181 / 462164 / 399-
Quartile4th3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund9.4%-0.3%6.8%7.7%-
Sector8.6%1.3%6%8.3%9.4%
Rank within sector161 / 463341 / 425105 / 399262 / 381-
Quartile2nd4th2nd3rd
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.
0.56
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.
0.96
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.
0.43
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%.
5.59
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.
2.37
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.
0.82
Price movement
52 week high142.74
52 week low119.43
Current bid price135.61
Current offer price135.61
Current mid price-
Region
1International56.81%
2Not Specified21.71%
3Global Emerging Markets18.55%
4Money Market2.93%
Industry sector
No data available.
Asset type
1Global Developed Equities30.53%
2Global High Yield Fixed Interest17.07%
3Global Corporate Fixed Interest16.73%
4Global Emerging Market Fixed Interest10.45%
5Global Emerging Market Equities8.1%
6International Property Shares5.96%
7Others4.98%
8International Physical Property3.25%
9Money Market2.93%
Individual holdings
1HSBC MULTIALPHA STERLING BOND XD GBP12.86%
2ARTEMIS GLOBAL INCOME I ACC8.21%
3FIDELITY MONEYBUILDER DIVIDEND Y INC7.93%
4GOLDMAN SACHS FUNDS SICAV GLOBAL HIGH YIELD PORTFOLIO(USD)6.85%
5JPM GLOBAL HIGH YIELD BOND HEDGED GROSS C6.81%
6BLACKROCK CONTINENTAL EUROPEAN INCOME A ACC6.04%
7HSBC GLOBAL INVESTMENT FUNDS5.94%
8CC JAPAN INCOME & GROWTH FOUNDER ACC JPY4.18%
9SCHRODER INCOME MAXIMISER A ACC3.94%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund seeks to provide a high level of income by investing in a broad range of asset classes across global markets. The fund will invest primarily in collective investment schemes that in turn invest in fixed income securities higher yielding equities, commodities and derivatives. The ACD may also invest at its discretion in other transferable securities, money market deposits, cash and near cash. Subject to obtaining and maintaining the requisite permissions from the FCA under the Financial Services and Markets Act 2000 on giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. [Note: where the use of derivatives is for investment purposes in addition to hedging it is envisaged that the use of such instruments will not affect the overall risk profile of the Fund.]
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Stephen David Doran25/11/2015Stephen is a Senior Fund Manager in the multi asset team, where he manages multi asset portfolios for institutional and charity clients. He joined HSBC Global Asset Management in 2005 after starting his career with JP Morgan and he is a graduate of the University of St. Andrews. He has a degree in Management, a Masters in International Business and is a CFA Charterholder.
Justin Mark Turner25/11/2015Justin has over 22 years of experience in the financial services industry and joined HSBC Global Asset Management in 1994 having worked previously in the commercial banking arm of the HSBC Group. During this time Justin has worked across our institutional, wholesale and wealth businesses, heading our institutional client management team and maintaining responsibility for key institutional clients, including insurers, banks, trusts and pension schemes. He is a Board Director of Mark & Spencer Unit Trust Management Ltd and Marks & Spencer Savings and Investment Ltd as well as member of the HSBC Global Asset Management UK Investment Committee and Asset Allocation Committee.Justin currently manages multi-asset class portfolios for institutional clients as well as working across the broader investment business to ensure effective communication of our investment processes and views. Justin is a graduate of Financial Services, a holder of the Investment Management Certificate, passed the Chartered Financial Analyst (CFA), level I in 2000 and Authorised by the FSA in the UK.
Jonathan Samson Rebak05/01/2010Jon Rebak joined the team in February 2000 as a Portfolio Manager whose main responsibilities include fund-of-funds management, the provision of asset allocation, fund selection and client services for UK Equity. Jon has over 31 years experience in the investment industry and has been employed by HSBC continually for this period. Jon holds a BA in Geography from the University College of Wales Lampeter.
Jonathan Samson Rebak30/04/2010Jon Rebak joined the team in February 2000 as a Portfolio Manager whose main responsibilities include fund-of-funds management, the provision of asset allocation, fund selection and client services for UK Equity. Jon has over 31 years experience in the investment industry and has been employed by HSBC continually for this period. Jon holds a BA in Geography from the University College of Wales Lampeter.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G HSBC Global Distribution Pn G25
Initial charge-
Annual charge2.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.05%
Bid price135.61
Offer price135.61
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8IK
Data provided by

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