Fact sheet: RLP Fid Spl Sits Bld Pn

Fund information
Fund name
RLP Fidelity Special Situations Blended Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund managers
  • Jorma Korhonensince 01/01/2007
  • Sanjeev Shahsince 01/01/2008
Underlying fund
Fidelity Special Situations
Fund objective
The fund aims to provide long-term capital growth. It invests primarily in the shares of UK companies blending investments in larger, medium-sized and smaller companies and has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. It can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
15.2%
1 Year rank in sector
17/845
Sector
PN UK All Companies
Yield
-
Fund size
£59m (£57m 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.
92
Bid price
339.3
Offer price
357.2
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn44.1%
Fidelity UBS UK Select Pn23.4%
Halifax IM UK Growth Pn23.1%
CM UBS UK Opportunities Pension22.9%
SW UBS UK Opps Pn22.5%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK84.3%
    USA14%
    Austria2.5%
    Germany1.4%
    Ireland1.4%
  • Financials35.1%
    Industrials28%
    Oil & Gas9.4%
    Consumer Services7.7%
    Technology7.6%
  • UK Equities84.3%
    US Equities14%
    Austrian Equities2.5%
    German Equities1.4%
    Irish Equities1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%3.5%13.1%15.2%36%94.2%
Sector0.8%-1.5%5.9%5.4%14.8%57%
Rank within sector203 / 86760 / 86428 / 86317 / 84515 / 80740 / 758
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund14%10.3%5.5%26.2%19.4%
Sector5.4%4.4%0.6%24.2%15.4%
Rank within sector43 / 845148 / 833109 / 808294 / 787149 / 760
Quartile1st1st1st2nd1st
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.
6.17
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.
0.68
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%.
10.48
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.
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.
1.51
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.
0.85
Price movement
52 week high347.7
52 week low257.1
Current bid price339.3
Current offer price357.2
Current mid price-
Region
1UK84.33%
2USA13.99%
3Austria2.53%
4Germany1.43%
5Ireland1.42%
6Denmark1.29%
7Brazil0.32%
8Sweden0.29%
9Hong Kong0.22%
Industry sector
1Financials35.1%
2Industrials28%
3Oil & Gas9.4%
4Consumer Services7.7%
5Technology7.6%
6Health Care5.8%
7Consumer Goods3.9%
8Basic Materials3%
9Telecommunications2.7%
Asset type
1UK Equities84.33%
2US Equities13.99%
3Austrian Equities2.53%
4German Equities1.43%
5Irish Equities1.42%
6Danish Equities1.29%
7Brazilian Equities0.32%
8Swedish Equities0.29%
9Hong Kong Equities0.22%
Individual holdings
1ROYAL DUTCH SHELL7.08%
2CRH5.68%
3CITIGROUP INC5.48%
4ROYAL MAIL PLC3.61%
5SHIRE PLC3.5%
6HOMESERVE3.41%
7ULTRA ELECTRONICS HLDGS3.3%
8LADBROKES CORAL GROUP PLC2.93%
9LIVANOVA PLC2.8%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund aims to provide long-term capital growth. It invests primarily in the shares of UK companies blending investments in larger, medium-sized and smaller companies and has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. It can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Jorma Korhonen01/01/2007Jorma Korhonen is a Portfolio Manager at Fidelity International Ltd (FIL). From FIL's London headquarters, Mr. Korhonen manages the Fidelity Global Special Situations Fund. Mr. Korhonen has previously run the Fidelity Funds International (European ex-UK pool), Switzerland, Italy and Iberia funds as well as the Fidelity (JIT) Global Equity Fund. A ten-year veteran of Fidelity, Mr. Korhonen became a portfolio manager in January 2002. He joined Fidelity in 1996 and spent the next six years as a research analyst, both in London and in Boston. As an analyst he covered many sectors, including banks and financial services. Before joining Fidelity, Mr. Korhonen spent five years with Dai-ichi Kangyo Bank in Luxembourg. Born in Helsinki, Finland in 1966, Mr. Korhonen has an MBA from the IMD business school in Lausanne, Switzerland and a BBA from the Schiller International University, Germany.
Sanjeev Shah01/01/2008Sanjeev Shah is a portfolio manager with Fidelity Investment Services Limited. He has been with Fidelity since 1996, when he joined as a research analyst covering the food retail, media, pharmaceutical and telecom sectors. Between 1998 and 2002, Sanjeev was the Assistant Portfolio Manager to the UK Income Fund Managers. In October 2002, he took on the management responsibility for the Fidelity UK Aggressive Fund.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Fidelity Special Situations Blended Pn
Initial charge-
Annual charge1.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.14%
Bid price339.3
Offer price357.2
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS046
Data provided by

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