Fact sheet: FL Cash EP

Fund information
Fund name
FL Cash EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Richard Hallettsince 19/11/2015
  • Matthew Tatnellsince 19/11/2015
Underlying fund
FL Cash AP
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
  • LIBID GBP 3 month
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
0%
1 Year rank in sector
103/241
Sector
PN Money Market
Yield
-
Fund size
£1m (£1m 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
202.5
Offer price
202.5
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

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%-0%0%0.3%0.6%
Sector-0.1%-0.1%0.3%0.5%1%1.5%
Rank within sector11 / 24787 / 24592 / 246103 / 24177 / 22572 / 212
Quartile1st2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0%0.1%0.1%-0.2%
Sector0.6%0%0.4%0.2%0.3%
Rank within sector102 / 24274 / 22876 / 22594 / 21975 / 212
Quartile2nd2nd2nd2nd2nd
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.
0.12
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.
-0.06
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%.
0.13
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.
0.3
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.
-0.85
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.
0.02
Price movement
52 week high202.6
52 week low202.2
Current bid price202.5
Current offer price202.5
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
  • LIBID GBP 3 month
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
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.
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Cash EP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.44%
Bid price202.5
Offer price202.5
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1G6
FL Cash EP S3
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.44%
Bid price202.5
Offer price202.5
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1D5
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.