Fact sheet: Stan Life Long Lease Prop Mgd Pn

Fund information
Fund name
Stan Life Long Lease Property Managed Pn S2
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund manager
  • Richard Marshallsince 30/04/2006
No data available.
Fund objective
The fund aims to provide long term growth from a combination of income and capital appreciation by investing predominantly in properties with long leases. Typically the fund will invest in a mix of freehold and leasehold properties selected from across the UK retail, office and industrial sectors. The fund may also invest in European properties. The Long Lease Property Fund has been designed to compliment bond assets to help enhance the returns relative to pension liabilities. The objective of the Fund is to outperform gilts by 2% per annum over five years. The value placed on the holdings in the Fund is based on external valuations on each property on a quarterly basis. Selling property can be a lengthy process so investors in the fund should be aware that they may not be able to sell their investment when they want to. The value of investments within the fund can fall as well as rise and is not guaranteed you may get back less than you pay in. The Sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • FTSE British Government All Stocks + 2%
Investment style
No data available.
Investment method
Physical
Quick stats
1 Year return
5%
1 Year rank in sector
8/159
Sector
PN UK Direct Property
Yield
-
Fund size
£1,704m (£1,599m 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.
93
Top in this sector
Fund name1 Year
Guardian Choices Property Pn10.4%
Guardian Property Pn10.4%
OMW IPL Aviva Lm Prp Pn8.9%
FL Property AP5.9%
FL GM Property Pension5.3%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • North West UK23.1%
    South East UK14.1%
    Midlands11.8%
    London11.7%
    Scotland10.7%
  • Retail - Property33.5%
    Other - Property30.2%
    Offices - Property21.1%
    Industrial - Property13.9%
    Unit Trusts1.3%
  • Property100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%1.9%2.6%5%25%46.8%
Sector0.4%3%-2.5%-0.9%24.7%33.4%
Rank within sector86 / 161102 / 1607 / 1598 / 15979 / 15423 / 149
Quartile3rd3rd1st1st3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund4.6%7.7%9.8%10.6%6.6%
Sector-1.8%9.7%14.3%6.9%1%
Rank within sector5 / 159125 / 158144 / 15421 / 1528 / 149
Quartile1st4th4th1st1st
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.
6.47
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.
0.16
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.
4.74
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%.
0.9
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.
3.03
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.
-0.02
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.
0.37
Price movement
52 week high264.49
52 week low236.76
Current bid price-
Current offer price-
Current mid price264.49
Region
1North West UK23.1%
2South East UK14.1%
3Midlands11.8%
4London11.7%
5Scotland10.7%
6Eastern UK6.4%
7Outer London5.7%
8South West UK5.6%
9Yorkshire & Humberside4.2%
Industry sector
1Retail - Property33.5%
2Other - Property30.2%
3Offices - Property21.1%
4Industrial - Property13.9%
5Unit Trusts1.3%
Asset type
1Property100%
Individual holdings
1SALFORD VILLAGE LIVING SALFORD5.2%
21 ST JOHN'S LANE LONDON4.7%
3QVC, BUILDING 8 CHISWICK PARK LONDON4.6%
4TRAVIS PERKINS WARRINGTON3.6%
5 NAPIER UNIVERSITY3.3%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund aims to provide long term growth from a combination of income and capital appreciation by investing predominantly in properties with long leases. Typically the fund will invest in a mix of freehold and leasehold properties selected from across the UK retail, office and industrial sectors. The fund may also invest in European properties. The Long Lease Property Fund has been designed to compliment bond assets to help enhance the returns relative to pension liabilities. The objective of the Fund is to outperform gilts by 2% per annum over five years. The value placed on the holdings in the Fund is based on external valuations on each property on a quarterly basis. Selling property can be a lengthy process so investors in the fund should be aware that they may not be able to sell their investment when they want to. The value of investments within the fund can fall as well as rise and is not guaranteed you may get back less than you pay in. The Sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • FTSE British Government All Stocks + 2%
Investment style
No data available.
Investment method
Physical
Fund manager
NameSinceBiography
Richard Marshall30/04/2006Richard Marshall is the Fund Manager of the Long Lease Property Fund - a 450m Fund invested in office, industrial and retail properties let to good tenants on long leases. Richard joined Standard Life Investments as a graduate in 1997 and has 9 years experience working in the Property Industry.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life Long Lease Property Managed Pn S2
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price264.4908
CurrencyGBX
Price updated02/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeK995
Stan Life Long Lease Property Managed Pn S5
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price235.1859
CurrencyGBX
Price updated02/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeK994
Data provided by

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