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%
1 Year rank in sector
87/241
Sector
PN Money Market
Yield
-
Fund size
£3m (£0m last year)
Bid price
207.1
Offer price
207.1
Top in this sector
Fund name1 Year
Zurich BlackRock EurLiq Fst Pn18.3%
ReAssure HL FxIntPn Stf Pn10.1%
ReAssure HL FxIntPnStf LS Pn10.1%
Phoenix Fixed Int Individual Pn6.6%
Phoenix Prop Old Bldg Society Pn4.9%
...more in PN Money Market

Performance snapshot

Holdings snapshot

  • France24.1%
    Netherlands13.4%
    Australia10.8%
    Japan10.7%
    Canada9.4%
  • Others42.7%
    Certificates of Deposit26.1%
    Time Deposits20.5%
    Commercial Paper10.7%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund---0.1%0.3%0.6%
Sector-0.1%-0.1%0.3%0.6%1%1.5%
Rank within sector58 / 24987 / 246106 / 24787 / 24182 / 22676 / 213
Quartile1st2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0%0.1%0%0%0.2%
Sector0.6%0%0.4%0.2%0.3%
Rank within sector101 / 24275 / 22987 / 22688 / 22077 / 213
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.
0.1
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.
-0.9
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.
-
Price movement
52 week high207.1
52 week low206.9
Current bid price207.1
Current offer price207.1
Current mid price-
Region
1France24.1%
2Netherlands13.4%
3Australia10.8%
4Japan10.7%
5Canada9.4%
6Germany8.9%
7UK7.5%
8Others4.5%
9USA4%
Industry sector
1Others42.7%
2Certificates of Deposit26.1%
3Time Deposits20.5%
4Commercial Paper10.7%
Asset type
1Money Market100%
Individual holdings
1BRED BANQUE POPULAIRE 0.22% SEP-01-20166.7%
2CREDIT AGRICOLE CIB (LONDON) 0.19% SEP-01-20166%
3BNP PARIBAS - LONDON BRANCH 0.21% SEP-02-20163%
4RABOBANK LONDON 0.20% SEP-01-20163%
5RABOBANK LONDON 0.20% SEP-02-20163%
6AGENCE CENTRALE DES ORGANISMES DE SECURI 0.24% SEP-12-20162.4%
7BANK OF TOKYO-MITSUBISHI UFJ LTD LONDON 0.18% SEP-01-20162.4%
8ING BANK NV 0.17% SEP-01-20162.4%
9SVENSKA HANDELSBANKEN AB - LONDON 0.55% JAN-09-20172.2%
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 updated07/12/2016
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 updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCUL7
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.