Fact sheet: FL Cash AP

Fund information
Fund name
FL Cash AP 1
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Matthew Tatnellsince 19/11/2015
  • Richard Hallettsince 19/11/2015
No data available.
Fund objective
The fund aims to provide short-term liquidity by investing in money market instruments, bonds and cash. It may invest in short-term bonds issued or backed by the UK Government or supranational agencies, cash and near cash assets such as deposits and certificates of deposit.
Benchmark
  • LIBOR LIBID GBP 1w
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-0.5%
1 Year rank in sector
47/54
Sector
PN Deposit & Treasury
Yield
-
Fund size
£255m (£292m 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
Bid price
770.4
Offer price
810.9
Top in this sector
Fund name1 Year
Aviva Reserve Pn0.6%
Aviva Deposit Pn0.6%
FL GM Cash Pension0.6%
Aviva YP Deposit (CGU) Pn0.6%
Pru Ex-DSF Cash Pn0.5%
...more in PN Deposit & Treasury

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.2%-0.3%-0.5%-1.5%-2.3%
Sector-0%-0%-0%-0.1%-0.2%-0.4%
Rank within sector44 / 5546 / 5544 / 5547 / 5445 / 5045 / 48
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%-0.5%-0.5%-0.5%-0.4%
Sector-0.1%-0%-0.1%-0.2%-0%
Rank within sector46 / 5548 / 5441 / 5044 / 4943 / 48
Quartile4th4th4th4th4th
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.
-0.48
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.
0.17
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.
-11.28
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.
0.01
Price movement
52 week high774.5
52 week low770.2
Current bid price770.4
Current offer price810.9
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1Money Market92.19%
2Global Fixed Interest7.81%
Individual holdings
1ING LONDON TD .2% 01 NOV 20166.32%
2BNP PARIBAS LONDON TD .19% 04 NOV 20166.2%
3NATIXIS TD .2% 02 NOV 20164.79%
4QATAR NATL BANK LDN TD .25% 02 NOV 20164.79%
5SOCIETE GENERALE LDN TD .05% 01 NOV 20164.79%
6TORONTO-DOMINION BANK 0% CT OF DEP 15/12/16 GBP14.54%
7SWEDBANK AB ECP 0% 13 MAR 20174.53%
8RABOBANK LONDON TD .15% 01 NOV 20164.38%
9NORDEA BANK AB ECP 0% 03 NOV 20164.36%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to provide short-term liquidity by investing in money market instruments, bonds and cash. It may invest in short-term bonds issued or backed by the UK Government or supranational agencies, cash and near cash assets such as deposits and certificates of deposit.
Benchmark
  • LIBOR LIBID GBP 1w
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Matthew Tatnell19/11/2015Matthew joined Aviva Investors in 1983. As Head of Liquidity, Matthew is responsible for all of Aviva Investors’ money-market activities and foreign-exchange transactions. He is also responsible for managing Aviva’s commercial-paper program.Matthew joined Aviva Investors (when it was Commercial Union) in 1983 to work within the UK finance area. In 1987, he moved to Treasury where he became a treasury dealer and manager.
Richard Hallett19/11/2015Richard Hallett joined the firm in 1998. He was appointed Cash Fund Manager following the merger of Commercial Union and General Accident. Richard holds a Degree in Accounting & Finance.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Cash 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 price155.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ57
FL Cash AP 1
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price770.4
Offer price810.9
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP03
FL Cash AP 2 Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price211.1
Offer price222.2
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP34
FL Cash AP 3 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price801.5
Offer price843.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSP66
FL Cash AP 4 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price754.8
Offer price794.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ27
FL Cash AP 5 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price937.4
Offer price986.7
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB64
FL Cash AP 8 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price937.4
Offer price986.7
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAC73
FL Cash 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 price198.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG790
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.