Fact sheet: L&G Invesco Perp High Inc Pn

Fund information
Fund name
L&G Invesco Perpetual High Income Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Mark Barnettsince 06/03/2014
Underlying fund
Invesco Perp High Income
Fund objective
The Invesco Perpetual High Income Fund aims to achieve a high level of income, together with capital growth. The fund intends to invest primarily in UK companies, with the balance invested internationally. In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, unlisted securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.
Benchmark
  • IA UK All Companies Sector
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
0.2%
1 Year rank in sector
731/845
Sector
PN UK All Companies
Yield
-
Fund size
£42m (£49m 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.
75
Bid price
227.79
Offer price
227.79
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn50.2%
Fidelity UBS UK Select Pn31.2%
Halifax IM UK Growth Pn30.9%
CM UBS UK Opportunities Pension30.7%
SW UBS UK Opps Pn30.2%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK86.5%
    USA8.8%
    Switzerland2.5%
    Ireland1.2%
    Norway0.5%
  • Financials28.8%
    Health Care17.5%
    Consumer Goods16.5%
    Industrials13.8%
    Consumer Services8.9%
  • UK Equities86.7%
    US Equities8.8%
    Swiss Equities2.5%
    Irish Equities1.2%
    Norwegian Equities0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-3%0.9%0.2%22.7%64.3%
Sector2.1%0.1%7.1%8.2%16.6%60%
Rank within sector758 / 867713 / 864752 / 863731 / 845141 / 807279 / 758
Quartile4th4th4th4th1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%9.7%10.1%23.8%8.8%
Sector7.1%4.4%0.6%24.2%15.4%
Rank within sector724 / 845167 / 83318 / 808395 / 787684 / 760
Quartile4th1st1st3rd4th
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.
3.12
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.
0.38
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%.
8.69
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.
3.79
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.
0.62
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.
0.85
Price movement
52 week high237.28
52 week low207.34
Current bid price227.79
Current offer price227.79
Current mid price-
Region
1UK86.54%
2USA8.75%
3Switzerland2.47%
4Ireland1.24%
5Norway0.53%
6Guernsey0.19%
7Mauritius0.15%
8Money Market0.08%
9Cayman Islands0.05%
Industry sector
1Financials28.75%
2Health Care17.49%
3Consumer Goods16.53%
4Industrials13.8%
5Consumer Services8.85%
6Oil & Gas4.97%
7Utilities4.16%
8Telecommunications4.07%
9Unit Trusts0.6%
Asset type
1UK Equities86.73%
2US Equities8.75%
3Swiss Equities2.47%
4Irish Equities1.24%
5Norwegian Equities0.53%
6African Equity0.15%
7Money Market0.08%
8American Emerging Equities0.05%
Individual holdings
1REYNOLDS AMERICAN INC7.15%
2BP4.97%
3BRITISH AMERICAN TOBACCO4.5%
4ASTRAZENECA PLC3.88%
5IMPERIAL BRANDS PLC3.44%
6PROVIDENT FINANCIAL3.43%
7BT GROUP3.37%
8BAE SYSTEMS3.29%
9LEGAL & GENERAL GROUP2.93%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The Invesco Perpetual High Income Fund aims to achieve a high level of income, together with capital growth. The fund intends to invest primarily in UK companies, with the balance invested internationally. In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, unlisted securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.
Benchmark
  • IA UK All Companies Sector
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Barnett06/03/2014Based in Henley-on-Thames, Mark is responsible for the management of a number of UK equity portfolios, with a focus on the management of open and closed ended vehicles. Mark began his investment career with Mercury Asset Management in 1992. Mark joined our company in 1996. Since then, he has become one of the team’s most experienced fund managers, specialising in UK equity income investing. He graduated in French and Politics from Reading University in 1992 and has passed the associate examinations of the Association for Investment Management and Research (AIMR).
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Invesco Perpetual High Income Pn 3
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.04%
Bid price227.79
Offer price227.79
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCW5
L&G Invesco Perpetual High Income 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 price225.57
Offer price225.57
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL198
Data provided by

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