Fact sheet: FL Architas Liq NetAP

Fund information
Fund name
FL Architas Liquidity Net AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Sheldon MacDonaldsince 08/11/2010
Underlying fund
Architas Liquidity
Fund objective
Architas state that the aim of the fund is to seek to generate a level of income on your investment consistent with low risk and which reflects the short term interest rates of the base currency of the fund. The fund pursues its aim mainly by investing in money market instruments. The fund will select money market instruments which are short-term in nature including UK gilts, deposits, commercial paper and bonds issued by companies, governments and other institutions with a variable rate of interest. The fund may also pursue its aim by investing in other funds. The fund may also invest in a wide range of financial instruments including shares, money market instruments, warrants and derivatives. The fund may use investment techniques including stock lending, borrowing cash and hedging. The fund may use derivatives for investment purposes as well as for the purposes of efficient portfolio management.
Benchmark
  • IA Short Term Money Market
Investment style
Liquidity
Investment method
No data available.
Quick stats
1 Year return
0.6%
1 Year rank in sector
20/241
Sector
PN Money Market
Yield
-
Fund size
£0m (£0m 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.
1
Top in this sector
Fund name1 Year
Zurich BlackRock EurLiq Fst Pn19.3%
ReAssure HL FxIntPn Stf Pn9.2%
ReAssure HL FxIntPnStf LS Pn9.2%
Phoenix Fixed Int Individual Pn7.4%
Phoenix Prop Old Bldg Society Pn4.9%
...more in PN Money Market

Performance snapshot

Holdings snapshot

  • Money Market100%
  • Commercial Paper30%
    Certificates of Deposit24.2%
    Time Deposits21.3%
    Floating Rate Notes15.5%
    Asset Backed Commercial Paper9%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%0.2%0.6%1.6%2.8%
Sector-0.1%-0.1%0.3%0.5%1%1.5%
Rank within sector55 / 24769 / 24528 / 24620 / 24120 / 22519 / 212
Quartile1st2nd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund0.5%0.6%0.4%0.4%0.8%
Sector0.6%0%0.4%0.2%0.3%
Rank within sector16 / 24210 / 22846 / 22528 / 21920 / 212
Quartile1st1st1st1st1st
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.
0.54
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%.
0.09
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.
0.26
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.
0.71
Price movement
52 week high211.4
52 week low210.1
Current bid price-
Current offer price-
Current mid price211.3
Region
1Money Market100%
Industry sector
1Commercial Paper29.98%
2Certificates of Deposit24.17%
3Time Deposits21.3%
4Floating Rate Notes15.54%
5Asset Backed Commercial Paper9.01%
Asset type
1Money Market100%
Individual holdings
1CREDIT AGRICOLE 0.17% 01 NOV 20167.26%
2BRED BANQUE POPULAIRE 0.22% 01 NOV 20167.04%
3ING BANK 0.17% 01 NOV 20167%
4METLIFE SHORT TERM FUNDING 0.01% 10/11/20164.4%
5ALBION CAPITAL CORPORATION 0.01% 21 NOV 20162.2%
6LMA SA (CP) 0.01% 07/12/20162.2%
7MATCHPOINT FINANCE PUBLIC LTD 0.01% 12/01/20172.2%
8REGENCY ASSETS LIMITED 0.01% 14 NOV 20162.2%
9SVENSKA HANDELSBANKEN 0.55% 09/01/20171.98%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Architas state that the aim of the fund is to seek to generate a level of income on your investment consistent with low risk and which reflects the short term interest rates of the base currency of the fund. The fund pursues its aim mainly by investing in money market instruments. The fund will select money market instruments which are short-term in nature including UK gilts, deposits, commercial paper and bonds issued by companies, governments and other institutions with a variable rate of interest. The fund may also pursue its aim by investing in other funds. The fund may also invest in a wide range of financial instruments including shares, money market instruments, warrants and derivatives. The fund may use investment techniques including stock lending, borrowing cash and hedging. The fund may use derivatives for investment purposes as well as for the purposes of efficient portfolio management.
Benchmark
  • IA Short Term Money Market
Investment style
Liquidity
Investment method
No data available.
Fund manager
NameSinceBiography
Sheldon MacDonald08/11/2010Sheldon manages the Architas Multi-Asset Blended Fund range. He oversees fund selection and manages the products' asset allocation and investment strategies. He also leads fund manager research across a number of sectors, including multi-asset and money market strategies. Before joining Architas in 2010, Sheldon was a fund of funds manager at Nedgroup Investments, part of Old Mutual Plc. As well as running a variety of long only multi-asset strategies, Sheldon has extensive experience in the hedge fund space and, prior to joining Nedgroup Investments, was Head of Derivative Trading at Old Mutual Asset Managers in South Africa. Sheldon has a BComm in Financial Accounting and Economics and holds the IMC. He has 22 years of investment experience.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Architas Liquidity Net AP
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 price211.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD2R6
FL Architas Liquidity Net AP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price201.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD5R1
Data provided by

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