Fact sheet: LV= Thread Def Eq & Bd Pn

Fund information
Fund name
LV= Threadneedle Defensive Equity & Bond Pn 2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Alex Lylesince 01/02/2017
Underlying fund
Threadneedle Def Eq & Bd
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests in a selection of regulated funds that are managed by the same group of companies as the Management Company. The Fund may invest worldwide. At least two-thirds of its assets will be invested in funds that invest in shares of companies in the UK or companies that have significant UK operations and/or bonds (which are similar to a loan and pay a fixed or variable interest rate). The Fund is managed on a defensive basis, which means there would usually be a higher allocation to lower risk funds than for other funds of this type. Up to 20% of the Fund may be invested in funds that use derivatives for investment purposes. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
Cautious,Growth
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
13.4%
1 Year rank in sector
40/145
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£3m (£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.
44
Bid price
126.1
Offer price
132.8
Top in this sector
Fund name1 Year
Stan Life TM Levitas A Pn23.1%
Pru Dynamic Growth ll Pn22.9%
Aegon BAQ 30/70 Equ &Bd Ix Pn19.7%
SJP Strg Inc Dis Pn19.7%
Pru Dynamic Growth l Pn19.5%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK42.6%
    International41.7%
    North America5.3%
    Europe ex UK4.6%
    Japan3.9%
  • Fixed Interest58%
    Equities32.7%
    Others7.4%
    Money Market1.9%
  • Global Fixed Interest34.3%
    UK Fixed Interest23.7%
    UK Equities18.9%
    Others7.4%
    North American Equities5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%2.9%1.2%13.4%15.3%-
Sector0.9%3.2%1.8%13.6%23.7%38%
Rank within sector119 / 18085 / 17770 / 17440 / 14593 / 129-
Quartile3rd2nd2nd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.9%12.1%0.7%2.9%7.6%
Sector0.8%12.5%2.3%7.6%5.6%
Rank within sector91 / 17840 / 14591 / 134115 / 12529 / 111
Quartile3rd2nd3rd4th2nd
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.
-2.29
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.
1.04
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.
0.32
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%.
5.08
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.
2.19
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.
-0.92
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.
0.81
Price movement
52 week high127.1
52 week low111
Current bid price126.1
Current offer price132.8
Current mid price-
Region
1UK42.6%
2International41.7%
3North America5.3%
4Europe ex UK4.6%
5Japan3.9%
6Money Market1.9%
Industry sector
1Fixed Interest58%
2Equities32.7%
3Others7.4%
4Money Market1.9%
Asset type
1Global Fixed Interest34.3%
2UK Fixed Interest23.7%
3UK Equities18.9%
4Others7.4%
5North American Equities5.3%
6Europe ex UK Equities4.6%
7Japanese Equities3.9%
8Money Market1.9%
Individual holdings
1THREADNEEDLE UK CORPORATE BOND FUND15.4%
2THREADNEEDLE DOLLAR BOND RET GR ACC GBP8.4%
3THREADNEEDLE EUROPEAN CORPORATE BOND FUND8.3%
4THREADNEEDLE GLOBAL OPPORTUNITIES BOND FUND7.4%
5THREADNEEDLE GLOBAL BOND FUND 6.8%
6THREADNEEDLE UK INSTITUTIONAL FUND6.6%
7THREADNEEDLE UK EQUITY INCOME FUND5.7%
8THREADNEEDLE MONTHLY EXTRA INCOME FUND5.5%
9THREADNEEDLE AMERICAN FUND 5.3%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests in a selection of regulated funds that are managed by the same group of companies as the Management Company. The Fund may invest worldwide. At least two-thirds of its assets will be invested in funds that invest in shares of companies in the UK or companies that have significant UK operations and/or bonds (which are similar to a loan and pay a fixed or variable interest rate). The Fund is managed on a defensive basis, which means there would usually be a higher allocation to lower risk funds than for other funds of this type. Up to 20% of the Fund may be invested in funds that use derivatives for investment purposes. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
Cautious,Growth
Investment method
Equity, Fixed Interest
Fund managers
NameSinceBiography
Alex Lyle01/02/2017Alex Lyle is Head of Managed Funds, EMEA. In this role he takes responsibility for a large number of the company’s managed funds, is a member of the Asset Allocation Committee and is a key investment contact between the company and a number of its major clients.He joined the company in 1994 and was appointed Joint Head of UK / European Equity teams in 1999 and became Head of Managed Funds in 2003.Alex started his career at Hambros Bank’s¹ Unit Trust Division, which was acquired by Allied Dunbar² in 1981 and subsequently became part of Threadneedle Asset Management Limited in 1994. He managed UK equity portfolios for more than 20 years. He has a degree in Geography from Oxford University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Threadneedle Defensive Equity & Bond Pn 2
Initial charge-
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.56%
Bid price126.1
Offer price132.8
Mid price-
CurrencyGBX
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGR4R
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