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FL MONTHLY DISTRIBUTION LF - Fund overview

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Overview of FL MONTHLY DISTRIBUTION LF

Friends Provident take a straight forward approach to this peer group by taking a 60/40 corporate bond/equity split. Asset allocation plays an exceptionally limited role with the majority of value added at stock selection. The equity portion is managed by William Logie from Edinburgh and the fixed interest from London by Philip Hunt.

Standard Initial Charge

No data available.

Fund summary

Sector  –
Product type  INSURANCE BOND
Launched  November, 2002
Size  £134m
Yield 4.5%
Charging basis  –
Dividends paid  1/2, 1/8
Bid price(inc) 105.70p
Bid price(acc) 139.60p

Fund Charges

Standard Initial charge
Initial charge via Bestinvest
Additional bid/offer spread 5.03%
Annual management charge 1.25%
Total expense ratio 1.25%
Reduction in yield (10yr) 1.76%

Bestinvest says


No information available.

Portfolio

fl monthly distribution lf asset allocation illustration
Allocation Proportion
Equity 39%
High yield bonds
Quality bonds 55%
Property
Commodities
Hedge 1%
Fund cash 5%
fl monthly distribution lf equity geographic illustration
Allocation Proportion
UK 100%
Europe 0%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
fl monthly distribution lf equity capitalisation illustration
Allocation Proportion
Large Caps 80%
Mid Caps 15%
Small Caps 5%

Investment process


Friends Provident have taken a very simplistic approach to investing within the distribution peer group in that they have created a product with only two asset classes. Corporate bonds managed by Philip Hunt and UK Equity Income managed by William Logie.
The group do not try to add much at asset allocation level with this being set at approximately 60/40 in favour of fixed interest on a full time basis, (there is some "tweaking at the edges but this very limited).
The equity income portion is managed in a no frills approach avoiding areas such as telecoms, with the fixed interest team taking a well though out and innovative approach to corporate bond selection.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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