Fact sheet: FL GM Cash Pension

Fund information
Fund name
FL GM Cash Pension
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Matthew Tatnellsince 30/11/2015
  • Richard Hallettsince 30/11/2015
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
  • 7 Day LIBID
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
0.5%
1 Year rank in sector
1/55
Sector
PN Deposit & Treasury
Yield
-
Fund size
£3m (£10m 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
936.2
Offer price
936.2
Top in this sector
Fund name1 Year
FL GM Cash Pension0.5%
Aviva YP Deposit (CGU) Pn0.5%
Aviva Reserve Pn0.5%
Aviva Deposit Pn0.5%
L&G Cash G17 Pn0.4%
...more in PN Deposit & Treasury

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0.1%0.1%0.5%1.5%2.5%
Sector-0%-0%-0.1%-0.1%-0.2%-0.5%
Rank within sector6 / 565 / 565 / 561 / 555 / 505 / 49
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund0.1%0.6%0.5%0.5%0.4%
Sector-0%-0.1%-0%-0.1%-0.2%
Rank within sector5 / 561 / 567 / 556 / 517 / 50
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.
0.65
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.
1.75
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%.
0.07
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.
0.07
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.
8.97
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.
0.26
Price movement
52 week high936.2
52 week low931.4
Current bid price936.2
Current offer price936.2
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1Money Market97.25%
2Global Fixed Interest2.75%
Individual holdings
1RABOBANK LONDON TD .15% 07 MAR 20176.45%
2BNP PARIBAS LONDON TD .2% 02 MAR 20176.27%
3CREDIT AGRICOLE SA LDN TD .21% 03 MAR 20174.96%
4SOCIETE GENERALE LDN TD 0% 01 MAR 20174.85%
5QATAR NATL BANK LDN TD .21% 01 MAR 20174.84%
6DANSKE BANK A/S LONDON CD 0% 17 MAY 20174.59%
7SWEDBANK AB ECP 0% 13 MAR 20174.59%
8NATIXIS TD .2% 06 MAR 20174.32%
9DNB BANK ASA ECP 0% 09 JUN 20174.22%
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
  • 7 Day LIBID
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Matthew Tatnell30/11/2015Matthew 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 Hallett30/11/2015Richard 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 GM Cash Pension
Initial charge-
Annual charge0.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.05%
Bid price936.2
Offer price936.2
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP45
Data provided by

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