Fact sheet: L&G Newton Higher Inc Pn

Fund information
Fund name
L&G Newton Higher Income Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund manager
  • Tineke Frikkeesince 09/04/2006
Underlying fund
Newton UK Income
Fund objective
Increasing income and capital growth over the long-term by investing in shares (i.e. equities) and similar investments of companies listed or located in the UK.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
4.8%
1 Year rank in sector
118/225
Sector
PN UK Equity Income
Yield
-
Fund size
£6m (£6m 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.
85
Bid price
171.16
Offer price
171.16
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income23.2%
OMW IPLM&GGlLePn23%
FL Income Accumulation Pn19.8%
FL Schroder Inc AP19.6%
HLL Schroder Income Pn18.9%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK77.6%
    USA8.3%
    Netherlands7.3%
    Guernsey3.7%
    Bermuda1.7%
  • Consumer Services24%
    Consumer Goods21.7%
    Utilities12.6%
    Technology10.3%
    Health Care9.3%
  • UK Equities82.2%
    US Equities7.5%
    Dutch Equities7.4%
    American Emerging Equities1.7%
    Luxembourg Equities1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%-6.1%2.9%4.8%24.6%54.9%
Sector-0.1%-2.3%5.9%6.5%18.4%60%
Rank within sector212 / 229202 / 229165 / 229118 / 22522 / 205144 / 192
Quartile4th4th3rd3rd1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.1%6.6%6.7%17.9%9.7%
Sector6.5%3.9%3.7%23.2%13.2%
Rank within sector108 / 22568 / 22025 / 205186 / 197158 / 192
Quartile2nd2nd1st4th4th
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.
2.36
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.
0.91
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.
0.4
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%.
9.75
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.
5.29
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.
0.34
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.
0.71
Price movement
52 week high187.47
52 week low151.46
Current bid price171.16
Current offer price171.16
Current mid price-
Region
1UK77.58%
2USA8.26%
3Netherlands7.31%
4Guernsey3.71%
5Bermuda1.65%
6Luxembourg1.06%
7Money Market0.43%
Industry sector
1Consumer Services23.95%
2Consumer Goods21.74%
3Utilities12.6%
4Technology10.32%
5Health Care9.29%
6Financials8.47%
7Industrials5.78%
8Oil & Gas3.97%
9Telecommunications3.45%
Asset type
1UK Equities82.15%
2US Equities7.52%
3Dutch Equities7.44%
4American Emerging Equities1.66%
5Luxembourg Equities1.01%
6Money Market0.22%
Individual holdings
1WOLTERS-KLUWER NV7.31%
2RELX PLC6.59%
3DIAGEO6.23%
4BRITISH AMERICAN TOBACCO5.09%
5SAGE GROUP5.04%
6NATIONAL GRID4.96%
7NATIONAL EXPRESS GROUP4.71%
8IMPERIAL BRANDS PLC4.37%
9ROYAL DUTCH SHELL3.97%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
Increasing income and capital growth over the long-term by investing in shares (i.e. equities) and similar investments of companies listed or located in the UK.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Tineke Frikkee09/04/2006Tineke joined the UK equity team at Smith & Williamson in July 2013, primarily to manage the UK Equity Income Fund. She joined from BNY Mellon where she spent almost 15 years in the investment department. She managed the Newton Higher Income Fund from April 2004 to December 2012 and during that time won a number of performance accolades. Tineke grew up in the Netherlands and completed a Bachelor’s degree in Health Sciences at Zuyd University. She also has an MBA from City Business School in London and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Newton Higher Income Pn 3
Initial charge-
Annual charge0.79%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price171.16
Offer price171.16
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDB3
L&G Newton Higher Income Pn G25
Initial charge-
Annual charge1.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.05%
Bid price169.68
Offer price169.68
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL327
Data provided by

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