Fact sheet: L&G Schroder Recovery Pn

Fund information
Fund name
L&G Schroder Recovery Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Kevin Murphysince 21/07/2006
  • Nick Kirragesince 21/07/2006
Underlying fund
Schroder Recovery
Fund objective
The fund aims to provide capital growth by investing in equities of UK companies that have suffered a severe setback in either share price or profitability. The fund invests at least 80% of its assets in equities of UK companies. The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of companies that the manager believes are significantly undervalued relative to their long-term earnings potential. Recovery investments can be out of favour for many reasons, including weak short-term profitability, macro-economic concerns or an under strength balance sheet. These factors can significantly reduce the attractiveness of companies to short term investors and induce discounts to fair value. The Manager's recovery investment approach seeks to exploit this in a diversified manner. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently.
Benchmark
  • FTSE All Share Total Return Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
25.1%
1 Year rank in sector
255/845
Sector
PN UK All Companies
Yield
-
Fund size
£1m (£2m 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.
112
Bid price
265.83
Offer price
265.83
Top in this sector
Fund name1 Year
Fidelity UBS UK Select Pn38%
Halifax IM UK Growth Pn37%
Stan Life SLI UK Eq Rcvry Pn37%
CM UBS UK Opportunities Pension36.8%
SW UBS UK Opps Pn36.2%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK77.6%
    Money Market9.3%
    USA8.6%
    Australia3.1%
    Hong Kong0.3%
  • Financials31.3%
    Consumer Services20.7%
    Money Market9.3%
    Technology7.6%
    Basic Materials7.3%
  • UK Equities77.6%
    Money Market9.3%
    US Equities8.6%
    Australian Equities3.1%
    Hong Kong Equities0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.2%1.8%8%25.1%19.5%114.4%
Sector4.3%5.9%12.8%21.7%25.3%78.6%
Rank within sector398 / 867852 / 865843 / 862255 / 845645 / 80456 / 761
Quartile2nd4th4th2nd4th1st
Calendar performance
 YTD - 20172016201520142013
Fund3.6%28%-12.6%1.9%43.3%
Sector8.5%10.2%4.4%0.6%24.2%
Rank within sector846 / 8618 / 837823 / 824237 / 79911 / 780
Quartile4th1st4th2nd1st
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.
-1.48
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.
1
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.
0.13
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%.
11.32
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.
6.4
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.
-0.26
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.
0.68
Price movement
52 week high266.08
52 week low207.01
Current bid price265.83
Current offer price265.83
Current mid price-
Region
1UK77.62%
2Money Market9.31%
3USA8.57%
4Australia3.05%
5Hong Kong0.25%
6France0.25%
7Italy0.2%
8Greece0.16%
9Not Specified0.08%
Industry sector
1Financials31.28%
2Consumer Services20.74%
3Money Market9.31%
4Technology7.64%
5Basic Materials7.31%
6Oil & Gas7.27%
7Utilities6.96%
8Health Care5.16%
9Industrials2.91%
Asset type
1UK Equities77.62%
2Money Market9.31%
3US Equities8.57%
4Australian Equities3.05%
5Hong Kong Equities0.25%
6French Equities0.25%
7Italian Equities0.2%
8Greek Equities0.16%
9Dutch Equities0.09%
Individual holdings
1SCHRODER STERLING LIQUIDITY PLUS I ACC5.94%
2ROYAL BANK OF SCOTLAND GROUP PLC5.29%
3HSBC HLDGS4.99%
4PEARSON4.9%
5BARCLAYS PLC4.37%
6BP4.23%
7STANDARD CHARTERED3.97%
8CENTRICA PLC3.93%
9LLOYDS BANKING GROUP PLC3.82%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund aims to provide capital growth by investing in equities of UK companies that have suffered a severe setback in either share price or profitability. The fund invests at least 80% of its assets in equities of UK companies. The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of companies that the manager believes are significantly undervalued relative to their long-term earnings potential. Recovery investments can be out of favour for many reasons, including weak short-term profitability, macro-economic concerns or an under strength balance sheet. These factors can significantly reduce the attractiveness of companies to short term investors and induce discounts to fair value. The Manager's recovery investment approach seeks to exploit this in a diversified manner. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently.
Benchmark
  • FTSE All Share Total Return Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Kevin Murphy21/07/2006Kevin Murphy, CFA is a Specialist Value UK Equity Fund Manager with 13 years investment experience. Previously he was a sector analyst for Pan European Construction and Building Materials. His Investment career commenced in 2000 at Schroders. He is a Chartered Financial Analyst and he holds a Degree in Economics from Manchester University.
Nick Kirrage21/07/2006Nick Kirrage, CFA is a Specialist Value UK Equity Fund Manager with 12 years investment experience. Previously a sector analyst responsible for a number of UK sectors including Transport and Metals & Mining. His investment career commenced in 2001 at Schroders. He is a Chartered Financial Analyst and holds a Degree in Aeronautical Engineering, Bristol University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Schroder Recovery Pn G25
Initial charge-
Annual charge1.33%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.18%
Bid price265.83
Offer price265.83
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL350
Data provided by

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