Fact sheet: L&G JPMLAL UK DispndPn

Fund information
Fund name
L&G JPMLAL UK Disciplined Equity Pn G17SH
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Beltran Lastrasince 01/04/2005
Underlying fund
JPM Life UK Resrch Enhncd Idx Equ
Fund objective
The JPM Life Research Enhanced Index Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in UK equities, which may include smaller companies on an ancillary basis, either directly or through other funds. The Fund seeks to achieve excess return through stock selection. The Fund is well diversified and, under normal circumstances, is fully invested in UK listed equities, with cash holdings kept to a minimum.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
26.5%
1 Year rank in sector
95/845
Sector
PN UK All Companies
Yield
-
Fund size
£10m (£9m 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.
93
Bid price
278.4
Offer price
278.4
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn35.7%
Fidelity UBS UK Select Pn35.1%
Halifax IM UK Growth Pn34.7%
CM UBS UK Opportunities Pension34.5%
SW UBS UK Opps Pn34.1%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK98.5%
    Money Market1.5%
  • Banks16.8%
    Consumer Non-Durables12.9%
    Oil & Gas11.6%
    Health Care9%
    Transport8.1%
  • UK Equities98.5%
    Money Market1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4%5.8%13.9%26.5%29.6%86.8%
Sector3.4%6.1%13%20.7%25.5%78.8%
Rank within sector187 / 867459 / 865266 / 86295 / 845201 / 804234 / 761
Quartile1st3rd2nd1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund9.3%14.8%3.9%2.2%22.7%
Sector8.7%10.2%4.4%0.6%24.2%
Rank within sector290 / 861217 / 837397 / 824208 / 799446 / 780
Quartile2nd2nd2nd2nd3rd
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.
1.52
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.
0.97
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.
0.49
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%.
9.5
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.
2.8
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.
0.46
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.
0.92
Price movement
52 week high278.4
52 week low211.1
Current bid price278.4
Current offer price278.4
Current mid price-
Region
1UK98.5%
2Money Market1.5%
Industry sector
1Banks16.8%
2Consumer Non-Durables12.9%
3Oil & Gas11.6%
4Health Care9%
5Transport8.1%
6Basic Industries7.6%
7Insurance6%
8Building & Construction5.3%
9Telecommunications4.6%
Asset type
1UK Equities98.5%
2Money Market1.5%
Individual holdings
1ROYAL DUTCH SHELL8%
2BRITISH AMERICAN TOBACCO PLC5.2%
3HSBC HOLDINGS PLC4.8%
4GLAXOSMITHKLINE PLC3.7%
5JPM UK SMALL CAP EQUITY FUND3.7%
6BP PLC3.2%
7VODAFONE GROUP3.2%
8PRUDENTIAL PLC2.7%
9SHIRE PLC2.7%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The JPM Life Research Enhanced Index Equity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing primarily in UK equities, which may include smaller companies on an ancillary basis, either directly or through other funds. The Fund seeks to achieve excess return through stock selection. The Fund is well diversified and, under normal circumstances, is fully invested in UK listed equities, with cash holdings kept to a minimum.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Beltran Lastra01/04/2005Beltran Lastra is Head of International Research Enhanced Index Equities and responsible for portfolio construction of the Europe Research Driven Process. An employee since 1996, Beltran previously worked in Hybrid Derivatives Risk Management, before transferring to Asset Management in 1999. Beltran obtained an industrial engineering degree from ICAI Universidad Pontificia de Comillas, specialising in organisation and business administration. Beltran is a holder of the CFA designation.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G JPMLAL UK Disciplined Equity Pn G17SH
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price278.4
Offer price278.4
Mid price-
CurrencyGBX
Price updated25/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeLA67
L&G JPMLAL UK Disciplined Equity Pn G17SH Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price237.5
Offer price237.5
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL417
Data provided by

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