Fact sheet: F&C Money Markets

Fund information
Fund name
F&C Money Markets 4 Gr Inc
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund managers
  • Thomas Nyegaardsince 05/09/2013
Fund objective
To provide a competitive level of income that is consistent with a high degree of security of capital by investing in a portfolio of high quality money market instruments. The company will invest in a range of primarily sterling denominated money market instruments with banks and financial institutions mainly in UK, Europe and the US to provide a wide diversification of risk while maintaining adequate liquidity to meet investor demands. The Fund will invest in a wide range of financial instruments, mostly designated in sterling. The Fund will be able to invest in non sterling denominated instruments, in which the Fund may hedge the foreign currency exposure by the use of forward currency transactions or suitable currency derivative instruments.
Benchmark
  • IA Money Market median
Investment style
None
Investment method
None
Quick stats
1 Year return
0.3%
1 Year rank in sector
8/18
Sector
UT Money Market
Yield
0.3%
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.
0.06%
Fund size
£87m (£83m last year)
Mid price
5139.6
Top in this sector
Fund name1 Year
Thesis Motim10.1%
Royal London Enhncd Csh +0.9%
Federated Stg Csh +0.8%
F&C Short Duration Bond0.8%
Royal London Cash Plus0.5%
...more in UT Money Market

Performance snapshot

Holdings snapshot

  • Money Market100%
  • Commercial Paper38.9%
    Time Deposits29.2%
    Government Bills26.6%
    Certificates of Deposit8.7%
    Money Market-3.5%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0%0.1%0.3%1%1.9%
Sector-0.1%0%0.6%0.8%0.9%2.2%
Rank within sector9 / 189 / 1812 / 188 / 187 / 176 / 14
Quartile2nd2nd3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.3%0.4%0.3%0.3%0.5%
Sector0.9%-0.2%0.2%1%0.4%
Rank within sector9 / 185 / 178 / 176 / 1610 / 14
Quartile2nd2nd2nd2nd3rd
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.
0.34
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%.
0.03
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.
0.04
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.
5.31
Price movement
52 week high5147.82
52 week low5127.1
Current bid price-
Current offer price-
Current mid price5139.6
Region
1Money Market100%
Industry sector
1Commercial Paper38.93%
2Time Deposits29.24%
3Government Bills26.62%
4Certificates of Deposit8.74%
5Money Market-3.53%
Asset type
1Money Market100%
Individual holdings
1CANADIAN IMPERIAL BANK OF COMMERCE 0.25% CVD BDS 28/01/20 EUR100000 CBL54.99%
2BANK OF MONTREAL 0.3%.4.82%
3LLOYDS TSB BANK PLC 0.25% 02/01/20134.82%
4BNP DEPOSIT 0.31%4.22%
5RABOBANK 0.35% 06/2009 CD4.13%
6TREASURY 0% TSY BILL 15/08/16 GBP13.92%
7TREASURY 0% TSY BILL 01/08/16 GBP13.7%
8ING BANK NV 0.4% CT OF DEP 01/12/16 GBP13.55%
9TREASURY 0% TSY BILL 03/10/16 GBP12.91%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund objective
To provide a competitive level of income that is consistent with a high degree of security of capital by investing in a portfolio of high quality money market instruments. The company will invest in a range of primarily sterling denominated money market instruments with banks and financial institutions mainly in UK, Europe and the US to provide a wide diversification of risk while maintaining adequate liquidity to meet investor demands. The Fund will invest in a wide range of financial instruments, mostly designated in sterling. The Fund will be able to invest in non sterling denominated instruments, in which the Fund may hedge the foreign currency exposure by the use of forward currency transactions or suitable currency derivative instruments.
Benchmark
  • IA Money Market median
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Thomas Nyegaard05/09/2013Thomas Nyegaard is a Portfolio Manager in the Money Markets team. He joined the Money Markets team in August 2011; previously a Senior ABS Analyst in the F&C Credit team. He joined F&C in August 2007. Prior to this, he worked at Fitch Ratings as an Associate Director within the covered bonds team with responsibility for rating UK, US and Nordic covered bonds. Previously, Thomas was a Fund Manager at Dansk Supermarked A/S (part of Maersk Group) where his responsibilities included liquidity management and managing a bond portfolio consisting of asset backed securities (ABS), covered bonds and sovereigns. Thomas has an MSc in Economics from Odense University, Denmark and has also completed the IMC in the UK.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
F&C Money Markets 1 Acc
Initial charge-
Annual charge0.3%
Min single investment£25,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.57%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5565.28
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKL29
F&C Money Markets 2 Acc
Initial charge-
Annual charge0.15%
Min single investment£50,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1094.43
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKL30
F&C Money Markets 3 Gr Acc
Initial charge-
Annual charge0.1%
Min single investment£50,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.3
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI1JH
F&C Money Markets 4 Gr Inc
Initial charge-
Annual charge-
Min single investment£10,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5139.6
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJZ86
Data provided by

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