Fact sheet: L&G Rathbone Income Pn

Fund information
Fund name
L&G Rathbone Income Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Elizabeth Davissince 01/01/2016
  • Carl Sticksince 01/01/2000
Underlying fund
Rathbone Income
Fund objective
The objective of the fund is to achieve above average and maintainable income but without neglecting capital security and growth. The Manager intends to achieve the objective primarily through the purchase of ordinary shares with an above average yield.There is no restriction on the economic sectors or geographic areas in which the fund may invest. However, investments will always be predominantly in the ordinary shares of UK companies.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3%
1 Year rank in sector
162/225
Sector
PN UK Equity Income
Yield
-
Fund size
£3m (£4m 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.
83
Bid price
176.57
Offer price
176.57
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

  • UK78.7%
    International16%
    Money Market5.3%
  • Consumer Services19.1%
    Consumer Goods18%
    Financials17.7%
    Health Care12.9%
    Industrials12.6%
  • UK Large Cap Companies60%
    UK Mid Cap Companies16.2%
    Others16%
    Cash & Cash Equivalents5.3%
    UK Small Cap Companies2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-3%3.9%3%21.5%68.6%
Sector-0.1%-2.3%5.9%6.5%18.4%60%
Rank within sector153 / 229122 / 229141 / 229162 / 22567 / 20561 / 192
Quartile3rd3rd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.6%8.8%6.1%22.7%15.9%
Sector6.5%3.9%3.7%23.2%13.2%
Rank within sector168 / 22531 / 22041 / 205127 / 19764 / 192
Quartile3rd1st1st3rd2nd
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.
1.56
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.
0.88
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.
0.35
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%.
8.5
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.
3.28
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.
0.27
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.
0.87
Price movement
52 week high183.65
52 week low154.55
Current bid price176.57
Current offer price176.57
Current mid price-
Region
1UK78.65%
2International16.01%
3Money Market5.34%
Industry sector
1Consumer Services19.12%
2Consumer Goods17.97%
3Financials17.74%
4Health Care12.91%
5Industrials12.55%
6Cash & Cash Equivalents5.34%
7Basic Materials3.84%
8Oil & Gas3.67%
9Utilities2.78%
Asset type
1UK Large Cap Companies59.99%
2UK Mid Cap Companies16.17%
3Others16.01%
4Cash & Cash Equivalents5.34%
5UK Small Cap Companies2.49%
Individual holdings
1ASTRAZENECA PLC4.5%
2GLAXOSMITHKLINE4.25%
3RIO TINTO3.84%
4BRITISH AMERICAN TOBACCO3.76%
5RECKITT BENCKISER GROUP PLC3.71%
6ROYAL DUTCH SHELL3.67%
7HSBC HLDGS3.03%
8UNILEVER2.82%
9LOCKHEED MARTIN CORP2.76%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The objective of the fund is to achieve above average and maintainable income but without neglecting capital security and growth. The Manager intends to achieve the objective primarily through the purchase of ordinary shares with an above average yield.There is no restriction on the economic sectors or geographic areas in which the fund may invest. However, investments will always be predominantly in the ordinary shares of UK companies.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Elizabeth Davis01/01/2016Elizabeth is the assistant fund manager on the Rathbone Income Fund and co-manages the Rathbone Heritage Fund. She joined Rathbones in January 2005 as a quantitative analyst after graduating from the University of Oxford (Lady Margaret Hall). She holds an MA in Mathematical Sciences. Liz supports fund managers on the income mandates through quantitative stock screening and fundamental research on companies. She also profiles relative and absolute risk across the funds. Prior to joining Rathbone Unit Trust Management, Elizabeth worked on temporary assignments with Accord Holdings Ltd, a media advertising business. She holds the Investment Management Certificate and is a CFA (Chartered Financial Analyst) Charterholder.
Carl Stick01/01/2000Carl graduated from the University of Southampton in 1991 with a BA Honours degree in English Literature. Having served in several non-investment related jobs, he took up a position as an assistant private client manager with stockbroking firm Neilson Cobbold, Tunbridge Wells in 1996. Rathbones acquired Neilson Cobbold, and Carl transferred to London in 1998. In August 1998, after two years as a discretionary investment manager, he became an assistant fund manager working alongside Hugh Priestley. Carl took over the management of the Rathbone Income Fund in January 2000. Since October 2001, Carl has been a Board Director of Rathbone Unit Trust Management and plays a key role in the development of Rathbone's investment process and business strategy. He is also I.I.M.R-qualified and a Fellow of the Securities Institute.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Rathbone Income Pn G25
Initial charge-
Annual charge1.18%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.18%
Bid price176.57
Offer price176.57
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL338
Data provided by

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