Fact sheet: BlackRock ICS Int Stg Lq

Fund information
Fund name
BlackRock ICS Institutional Sterling Liquidity G II Dis
Fund manager company
BlackRock Inv Mgt (Dublin) Ltd
Fund type
OEIC
Fund managers
  • Bea Rodriguezsince 14/02/2014
Fund objective
The Institutional Sterling Liquidity Fund (the Fund) seeks to maximise current income consistent with the preservation of principal and liquidity through the maintenance of a portfolio of high quality shortterm “money market” instruments.
Benchmark
  • LIBID 7 day
Investment style
Liquidity
Investment method
None
Quick stats
1 Year return
0.2%
1 Year rank in sector
18/42
Sector
FO Currency - Sterling
Yield
0.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.25%
Fund size
£32,444m (£29,498m last year)
Top in this sector
Fund name1 Year
Hume Caut MA Stg2.1%
Payden & Rygel Sterling Rsrv1.4%
Aberdeen Gbl Liq(L)USDurStg0.9%
Insight ILF GBP Liquidity Plus0.8%
LGT Money Market GBP0.6%
...more in FO Currency - Sterling

Performance snapshot

Holdings snapshot

  • UK33.3%
    Japan13.6%
    Australia11.3%
    Netherlands9.9%
    Canada6%
  • Certificates of Deposit42.7%
    Money Market23.2%
    Fixed Interest15.2%
    Commercial Paper9.2%
    Time Deposits5.2%
  • Money Market82.4%
    Global Fixed Interest15.2%
    Others1.5%
    Global Government Fixed Interest1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0.1%0.1%0.2%0.6%1.2%
Sector0%0.1%0.2%0.7%1.1%2.3%
Rank within sector23 / 4522 / 4520 / 4418 / 4217 / 37-
Quartile3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.2%0.2%0.2%0.2%0.3%
Sector0.2%0.6%0.3%0.3%0.6%
Rank within sector18 / 4319 / 4019 / 3715 / 37-
Quartile2nd2nd3rd2nd
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.
0.21
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.
0.01
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.
-
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%.
0.01
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.
0.18
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.
-0.95
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.
0.03
Price movement
52 week high1
52 week low1
Current bid price-
Current offer price-
Current mid price1
Region
1UK33.32%
2Japan13.59%
3Australia11.26%
4Netherlands9.86%
5Canada6.02%
6Sweden5.66%
7France5.05%
8Germany3.81%
9Switzerland3.28%
Industry sector
1Certificates of Deposit42.65%
2Money Market23.2%
3Fixed Interest15.16%
4Commercial Paper9.16%
5Time Deposits5.18%
6Asset Backed Commercial Paper2.22%
7Others1.5%
8Government Bonds0.98%
Asset type
1Money Market82.41%
2Global Fixed Interest15.16%
3Others1.5%
4Global Government Fixed Interest0.98%
Individual holdings
1HSBC BANK PLC FRN 25/07/17 GBP1.41%
2HSBC BANK PLC FRN 18/03/17 GBP1.16%
3TREASURY 4% GILT 7/09/20160.98%
4SUMITOMO MITSUI BANKING CORP (BRUSSELS BRANCH)0.75%
5SUMITOMO MITSUI BANKING CORP (BRUSSELS BRANCH)0.75%
6OVERSEA CHINESE BANKING CORP LTD (UK BRANCH)0.68%
7COMMONWEALTH BANK OF AUSTRALIA FRN 09/12/16 GBP1000000.6%
8WESTPAC BANKING CORP FR INST 14/09/16 GBP1000000.6%
9OVERSEA-CHINESE BANKING CORPORATION LIMITED0.59%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Inv Mgt (Dublin) Ltd
Fund type
OEIC
Fund objective
The Institutional Sterling Liquidity Fund (the Fund) seeks to maximise current income consistent with the preservation of principal and liquidity through the maintenance of a portfolio of high quality shortterm “money market” instruments.
Benchmark
  • LIBID 7 day
Investment style
Liquidity
Investment method
None
Fund managers
NameSinceBiography
Bea Rodriguez14/02/2014Bea Rodriguez, Managing Director, is a senior member of the Non-Dollar Cash team within Trading & Liquidity Strategies Group. Prior to joining BlackRock in 2009, Ms. Rodriguez was with Fidelity International Investments, most recently as a sterling high grade portfolio manager and rates specialist, and previously as a manager of institutional and retail sterling money market funds as well as short duration strategies. Ms. Rodriguez was also a portfolio manager at Deutsche Bank AG from 2000 to 2003 where she headed up the cash reinvestment process for the securities lending desk as well as overseeing the launch and investments of Deutsche Banks offshore UCITs money market funds. She began her career at J.P. Morgan Investment Management in 1994. Ms. Rodriguez earned a BSc degree in management sciences from the London School of Economics and Political Sciences in 1993.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Isle of Man, Ireland, Iceland, Italy, Luxembourg, Monaco, Netherlands, Norway, Offshore, Peru, Singapore
BlackRock ICS Institutional Sterling Liquidity Admin I Acc GBP
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 price100.5623
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7HJ
BlackRock ICS Institutional Sterling Liquidity Core Acc
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price167.0554
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEFP0
BlackRock ICS Institutional Sterling Liquidity Core Dis
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEFO9
BlackRock ICS Institutional Sterling Liquidity G II Dis
Initial charge-
Annual charge0.25%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGH7U
BlackRock ICS Institutional Sterling Liquidity Heritage Acc
Initial charge-
Annual charge0.13%
Min single investment£750,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.13%
Total expense ratio (TER)0.13%
Bid price-
Offer price-
Mid price102.9882
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDAN0
BlackRock ICS Institutional Sterling Liquidity Heritage Dis
Initial charge-
Annual charge0.13%
Min single investment£750,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.13%
Total expense ratio (TER)0.13%
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeB013
BlackRock ICS Institutional Sterling Liquidity Premier Dis
Initial charge-
Annual charge0.1%
Min single investment£1,000,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code11GN
BlackRock ICS Institutional Sterling Liquidity Premier GBP
Initial charge-
Annual charge0.1%
Min single investment£1,000,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price103.1355
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMCD7
BlackRock ICS Institutional Sterling Liquidity S Acc
Initial charge-
Annual charge0.1%
Min single investment£1,000,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price102.1447
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0VTH
BlackRock ICS Institutional Sterling Liquidity Select Acc
Initial charge-
Annual charge0.15%
Min single investment£250,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price102.6716
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YI8
BlackRock ICS Institutional Sterling Liquidity Select Dis
Initial charge-
Annual charge0.15%
Min single investment£250,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code11GH
Data provided by

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