Fact sheet: FL MyM JP Mrgn Life UK Liqidity Pn

Fund information
Fund name
FL MyM JP Morgan Life UK Liquidity Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Olivia Maguiresince 01/11/2010
Underlying fund
JPM Life UK Liquidity
Fund objective
The JPMorgan Life UK Liquidity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing in sterling (GBP) money market instruments. Normally the Fund only invests in the JPMorgan Liquidity Funds – Sterling Liquidity Fund (the “Sterling Liquidity Fund”), a subfund of an investment company organised under Luxembourg law as a SICAV. The Fund seeks to achieve excess return through fund selection and, under normal circumstances, direct cash holdings are kept to a minimum.
Benchmark
  • 1-Week GBP Libid
Investment style
Liquidity
Investment method
Certificate of Deposit
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Money Market
Yield
-
Fund size
£0m
Top in this sector
Fund name1 Year
ReAssure HL FxIntPnStf LS Pn11.5%
ReAssure HL FxIntPn Stf Pn11.5%
Phoenix Fixed Int Individual Pn9.9%
Zurich BlackRock EurLiq Fst Pn8.5%
Phoenix Prop Old Bldg Society Pn4.7%
...more in PN Money Market

Performance snapshot

Holdings snapshot

  • Money Market100%
  • Commercial Paper60.4%
    Money Market22.6%
    Investment Grade Corporate Bonds14.6%
    High Yield Bond1%
    Mortgage & Secured Bonds0.9%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.2%----
Sector-0%0.1%0%0.5%1.1%1.6%
Rank within sector19 / 24911 / 249----
Quartile1st1st
Calendar performance
 YTD - 20172016201520142013
Fund0.3%----
Sector0.1%0.7%0%0.4%0.2%
Rank within sector10 / 249----
Quartile1st
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.
-
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.
-
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%.
-
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.
-
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.
-
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 high100.37
52 week low100
Current bid price-
Current offer price-
Current mid price100.38
Region
1Money Market100%
Industry sector
1Commercial Paper60.4%
2Money Market22.6%
3Investment Grade Corporate Bonds14.6%
4High Yield Bond1%
5Mortgage & Secured Bonds0.9%
6Government Bonds0.5%
Asset type
1Money Market100%
Individual holdings
1NORDEA BANK AB3.4%
2REGENCY ASSETS2.7%
3ERSTE ABWICKLUNGSANSTALT2.5%
4ALBION CAPITAL1.9%
5SUMITOMO MITSUI FINANCIAL & HONDA1.8%
6SVENSKA HANDELSBANKEN1.8%
7ING GROEP N.V.1.4%
8UBS1.3%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The JPMorgan Life UK Liquidity Fund (the ‘Fund’) is a pooled life fund for pension schemes investing in sterling (GBP) money market instruments. Normally the Fund only invests in the JPMorgan Liquidity Funds – Sterling Liquidity Fund (the “Sterling Liquidity Fund”), a subfund of an investment company organised under Luxembourg law as a SICAV. The Fund seeks to achieve excess return through fund selection and, under normal circumstances, direct cash holdings are kept to a minimum.
Benchmark
  • 1-Week GBP Libid
Investment style
Liquidity
Investment method
Certificate of Deposit
Fund manager
NameSinceBiography
Olivia Maguire01/11/2010Present: 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 MyM JP Morgan Life UK Liquidity Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.38
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN7BM
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.