Fact sheet: FL Cash Pn

Fund information
Fund name
FL Cash Pn Acc
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Arnal Patelsince 30/09/2011
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 as well as commercial paper, 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
-0.3%
1 Year rank in sector
194/241
Sector
PN Money Market
Yield
-
Fund size
£64m (£64m 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
548.2
Offer price
577
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
Fund-0%-0.1%-0.2%-0.3%-1%-1.4%
Sector-0.1%-0.1%0.3%0.5%1%1.5%
Rank within sector200 / 247175 / 245203 / 246194 / 241166 / 225156 / 212
Quartile4th3rd4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.3%-0.4%-0.3%-0.4%-0.2%
Sector0.6%0%0.4%0.2%0.3%
Rank within sector189 / 242168 / 228159 / 225160 / 219161 / 212
Quartile4th3rd3rd3rd4th
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.
-0.31
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.
-0.07
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.
-0
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.
-2.26
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 high550
52 week low548
Current bid price548.2
Current offer price577
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 as well as commercial paper, 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
Arnal Patel30/09/2011Arnal Patel is Head of Money Markets. He joined F&C in 2004 as a Fixed Income Dealer specialising in Investment Grade Credit and High Yield Markets. Prior to that Arnal spent 5 years as a Senior Portfolio Dealer at State Street Global Advisors. He holds a BSc (Hons) Insurance & Investment from City University Business School, is a CFA Charterholder and a member of the CFA Society of the UK.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Cash Pn Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price548.2
Offer price577
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL09
FL Cash Pn Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price167.3
Offer price176.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL08
Data provided by

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