Fact sheet: CMI US Dollar Currency Reserve

Fund information
Fund name
CMI US Dollar Currency Reserve DC1
Fund manager company
Lemanik Asset Management S.A
Fund type
Offshore Fund
Fund manager
  • Duncan Thomsonsince 30/10/2009
Fund objective
To provide highly competitive gross rates of return by investing in US Dollar denominated short-term securities and instruments.
Benchmark
  • BBA LIBOR USD 3 Months
Investment style
None
Investment method
Short Dated Bonds
Quick stats
1 Year return
0.7%
1 Year rank in sector
3/56
Sector
FO Currency - US Dollar
Yield
-
Fund size
£34m
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.
66
Top in this sector
Fund name1 Year
Hume Caut MA $1%
BlackRock ICSInt$UlStBd0.9%
CMI US Dollar Currency Reserve0.7%
Dimensional One Year Fxd Inc Pfl0.7%
Amundi Cash USD0.7%
...more in FO Currency - US Dollar

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.2%0.5%0.7%0.4%0.6%
Sector0%0.1%0.2%0.3%0.3%0.6%
Rank within sector1 / 604 / 594 / 573 / 5615 / 5217 / 50
Quartile1st1st1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.6%0.1%-0.3%-0.1%0.3%
Sector0.2%0.1%-0%-0.1%0.4%
Rank within sector5 / 5710 / 5450 / 5244 / 517 / 50
Quartile1st1st4th4th1st
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.
0.06
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.
0.46
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%.
0.14
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.
0.15
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.
-0.04
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.
0.07
Price movement
52 week high9.84
52 week low9.77
Current bid price-
Current offer price-
Current mid price9.84
Region
1Money Market100%
Industry sector
1Money Market92.39%
2Fixed Interest7.61%
Asset type
1Money Market100%
Individual holdings
1WESTPAC BANKING CORP FRN 19/05/17 USD20005.05%
2CANADIAN IMPERIAL BANK OF COMMERCE FLTG RATE NTS 21/02/17 USD1000004.81%
3ING BK NV 3.75%2017-03-074.58%
4BFCM 0% 16-25.08.16 CP2016-08-254.44%
5SVENSKA HANDELSBANKEN FRN 23/09/16 USD2500004.01%
6TORONTO-DOMINION BANK FRN 09/09/16 USD20003.71%
7COMMONWEALTH BANK OF AUSTRALIA3.56%
8BK AMER CHRLT NC MTN FRN2017-02-143.42%
9GENERAL ELECTRIC CO.3.11%
Management
Fund manager group
Lemanik Asset Management
Fund manager company
Lemanik Asset Management S.A
Fund type
Offshore Fund
Fund objective
To provide highly competitive gross rates of return by investing in US Dollar denominated short-term securities and instruments.
Benchmark
  • BBA LIBOR USD 3 Months
Investment style
None
Investment method
Short Dated Bonds
Fund manager
NameSinceBiography
Duncan Thomson30/10/2009Duncan joined the group in 1992 and is responsible for the management and strategy of SWIP’s money market product range. This includes a diverse range of mandates including one of the largest AAA-rated sterling money market funds in the world and a wide range of segregated local authority, building society and corporate money market funds.Duncan is a member of the money fund committee, which is charged with reviewing and monitoring all aspects of SWIP’s money market capabilities.Prior to joining SWIP, Duncan spent four years at Manufacturers Hanover in London as an assistant fund manager, working on funds with cash-based objectives.Duncan is an Associate Member of the CFA UK.
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Luxembourg, Offshore
CMI US Dollar Currency Reserve DC1
Initial charge8.5%
Annual charge0.5%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price9.836
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIM37
CMI US Dollar Currency Reserve DC2
Initial charge-
Annual charge0.18%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.868
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFDEZ
CMI US Dollar Currency Reserve DC3
Initial charge-
Annual charge0.12%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.868
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFDFA
CMI US Dollar Currency Reserve DC7
Initial charge-
Annual charge0.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.687
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFDFB
Data provided by

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