Fact sheet: FL JPM Sterling Liq EP

Fund information
Fund name
FL JPM Sterling Liquidity EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Olivia Maguiresince 14/04/1996
Underlying fund
JPM Liq Stg Liq
Fund objective
JP Morgan state that the fund seeks to achieve a return in line with prevailing money market rates whilst aiming to preserve capital consistent with such rates and to maintain a high degree of liquidity. The fund will invest all of its assets, excluding cash and deposits, in short term Sterling denominated debt securities. The fund may have exposure to investments with zero or negative yields in adverse market conditions.
Benchmark
  • LIBOR LIBID GBP 1w
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
0%
1 Year rank in sector
96/243
Sector
PN Money Market
Yield
-
Fund size
£3m (£1m last year)
Bid price
207.1
Offer price
207.1
Top in this sector
Fund name1 Year
Phoenix Fixed Int Individual Pn11.6%
ReAssure HL FxIntPn Stf Pn7.6%
ReAssure HL FxIntPnStf LS Pn7.6%
Zurich BlackRock EurLiq Fst Pn6.6%
Phoenix Prop Old Bldg Society Pn4.8%
...more in PN Money Market

Performance snapshot

Holdings snapshot

  • France20.3%
    Japan20%
    UK10.2%
    Australia9.1%
    Germany8.1%
  • Others41.6%
    Certificates of Deposit28.8%
    Commercial Paper16.8%
    Time Deposits12.8%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund---0%0.2%0.5%
Sector0.1%0.1%0%0.7%1.1%1.6%
Rank within sector71 / 24886 / 24888 / 24596 / 24385 / 22677 / 215
Quartile2nd2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund-0%0.1%0%0%
Sector0%0.7%0%0.4%0.2%
Rank within sector77 / 24899 / 24176 / 22987 / 22688 / 220
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.
0.08
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%.
0.06
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.
0.27
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.
-1.05
Price movement
52 week high207.1
52 week low207
Current bid price207.1
Current offer price207.1
Current mid price-
Region
1France20.3%
2Japan20%
3UK10.2%
4Australia9.1%
5Germany8.1%
6USA6.9%
7Netherlands6.1%
8Sweden5.8%
9Canada5.5%
Industry sector
1Others41.6%
2Certificates of Deposit28.8%
3Commercial Paper16.8%
4Time Deposits12.8%
Asset type
1Money Market100%
Individual holdings
1GROUP BPCE JAN-03-20175.7%
2MITSUBISHI UFJ FINANCIAL GROUP JAN-03-20174.75%
3Bank of America Corporation JAN-03-20173.94%
4REGENCY ASSETS LIMITED2.79%
5NORDEA BANK AB2.1%
6SUMITOMO MITSUI BANKING CORPOR1.9%
7SVENSKA HANDELSBANKEN 0.55% CT OF DEP 09/01/17 GBP11.7%
8ALBION CAPITAL CORPORATION S.A.1.64%
9ZERO COUPON CD LA BA1.47%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
JP Morgan state that the fund seeks to achieve a return in line with prevailing money market rates whilst aiming to preserve capital consistent with such rates and to maintain a high degree of liquidity. The fund will invest all of its assets, excluding cash and deposits, in short term Sterling denominated debt securities. The fund may have exposure to investments with zero or negative yields in adverse market conditions.
Benchmark
  • LIBOR LIBID GBP 1w
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Olivia Maguire14/04/1996Present: Portfolio Manager: JPMorgan - since March 2004 – Present (Fund manager on the Global cash desk managing EUR and GBP AAA/Aaa money market liquidity funds) Experience: Project Manager: JPMorgan - 1998 – 2004 Education: UCD Michael Smurfit Graduate School of Business Master in Business Studies, Business Studies & Management of Information Systems 1997 – 1998 University College Dublin BComm, Commerce & Accounting 1994 – 1997 CFA Institute - CFA Charter, Awarded 2008
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL JPM Sterling Liquidity EP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.45%
Bid price207.1
Offer price207.1
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCUL6
FL JPM Sterling Liquidity 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)0.45%
Bid price207.1
Offer price207.1
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCUL7
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.