Fact sheet: L&G Invesco Perp Dist Pn

Fund information
Fund name
L&G Invesco Perpetual Distribution Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Paul Readsince 26/01/2004
  • Paul Causersince 26/01/2004
  • Ciaran Mallonsince 14/10/2013
Underlying fund
Invesco Perp Distribution
Fund objective
The Invesco Perpetual Distribution Fund aims to achieve a combination of income and capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in corporate and government debt securities globally (which may be unrated or sub-investment grade) and equities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes, and other transferable securities. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates, credit and equities and can be used to achieve both long and short positions.
Benchmark
  • IA Mixed 20-60% shares
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3%
1 Year rank in sector
418/462
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£16m (£17m 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.
41
Bid price
206.91
Offer price
206.91
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

  • UK61%
    USA8%
    Italy6.5%
    France6.4%
    Others3.4%
  • Banks24.7%
    Utilities9.4%
    Industrials7.4%
    Financials5.6%
    Consumer Staples5.4%
  • UK Equities31%
    UK Fixed Interest30%
    US Fixed Interest7.8%
    Italian Fixed Interest6.5%
    French Fixed Interest6.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-2%1.9%3%12.8%54.5%
Sector-1.9%-1.6%6.6%8.2%17.2%39.9%
Rank within sector178 / 529340 / 529481 / 517418 / 462276 / 39738 / 339
Quartile2nd3rd4th4th3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund3.5%1.9%5%13.7%19.4%
Sector8.9%1.3%6%8.3%9.4%
Rank within sector427 / 463149 / 425211 / 39946 / 38113 / 339
Quartile4th2nd3rd1st1st
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.
-0.15
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.
0.81
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.
0.2
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%.
5.02
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.
2.88
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.
-0.42
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.
0.7
Price movement
52 week high212.36
52 week low188.83
Current bid price206.91
Current offer price206.91
Current mid price-
Region
1UK60.99%
2USA8.02%
3Italy6.54%
4France6.41%
5Others3.4%
6Germany2.57%
7Netherlands2.45%
8Spain2.21%
9Switzerland2.04%
Industry sector
1Banks24.73%
2Utilities9.43%
3Industrials7.4%
4Financials5.61%
5Consumer Staples5.44%
6Consumer Discretionary5.32%
7Government Bonds4.69%
8Telecommunications4.46%
9Foods4.28%
Asset type
1UK Equities31.04%
2UK Fixed Interest29.96%
3US Fixed Interest7.77%
4Italian Fixed Interest6.54%
5French Fixed Interest6.41%
6Global Fixed Interest3.39%
7German Fixed Interest2.57%
8Dutch Fixed Interest2.45%
9Spanish Fixed Interest1.94%
Individual holdings
1IMPERIAL BRANDS PLC2.24%
2BRITISH AMERICAN TOBACCO1.88%
3CRODA INTERNATIONAL PLC1.52%
4RELX PLC1.41%
5EXPERIAN PLC1.39%
6RECKITT BENCKISER GROUP PLC1.38%
7BUNZL1.37%
8UNITED STATES OF AMER TREAS NOTES 2.25% BDS 15/11/25 USD1001.35%
9UNITED STATES OF AMER TREAS BONDS 2% BDS 15/08/25 USD1001.33%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The Invesco Perpetual Distribution Fund aims to achieve a combination of income and capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in corporate and government debt securities globally (which may be unrated or sub-investment grade) and equities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes, and other transferable securities. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates, credit and equities and can be used to achieve both long and short positions.
Benchmark
  • IA Mixed 20-60% shares
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Read26/01/2004Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining our company in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.
Paul Causer26/01/2004Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Ciaran Mallon14/10/2013Ciaran has worked in equity markets since 1994. After completing his Chemistry degree at Oxford University he joined HSBC Private Clients where he worked as an Investment Analyst. He joined United Friendly Asset Management (UFAM) in 1999 where he worked as a Fund Manager. UFAM was acquired by Royal London Asset Management (RLAM) in 2000. Ciaran left RLAM in 2004 and joined Invesco Perpetual in January 2005.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Invesco Perpetual Distribution Pn 3
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price206.91
Offer price206.91
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCW3
L&G Invesco Perpetual Distribution Pn G25
Initial charge-
Annual charge1.22%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.22%
Bid price204.14
Offer price204.14
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL195
Data provided by

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