Fact sheet: FL Unity Mny Mkt EP

Fund information
Fund name
FL Unity Money Market EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
No data available.
No data available.
Fund objective
The aim of the fund is to seek to generate a level of income on your investment consistent with low risk and which reflects the short term interest rates of the base currency of the fund. The fund pursues its aim mainly by investing in money market instruments. The fund will select money market instruments which are short-term in nature including UK gilts, deposits, commercial paper and bonds issued by companies, governments and other institutions with a variable rate of interest. The fund may also pursue its aim by investing in other funds. The fund may also invest in a wide range of financial instruments including shares, money market instruments, warrants and derivatives. The fund may use investment techniques including stock lending, borrowing cash and hedging. The fund may use derivatives for investment purposes as well as for the purposes of efficient portfolio management. The fund will invest indirectly through actively managed underlying funds.
Benchmark
  • No Specified Index
Investment style
Liquidity
Investment method
None
Quick stats
1 Year return
-0.1%
1 Year rank in sector
156/241
Sector
PN Money Market
Yield
-
Fund size
£14m (£15m last year)
Bid price
344.8
Offer price
362.9
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%-0.1%-0.1%-0%
Sector-0.1%-0.1%0.3%0.5%1%1.5%
Rank within sector55 / 247155 / 245166 / 246156 / 241143 / 225135 / 212
Quartile1st3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.1%--0.1%-0.1%0.1%
Sector0.6%0%0.4%0.2%0.3%
Rank within sector157 / 24295 / 228142 / 225140 / 21996 / 212
Quartile3rd2nd3rd3rd2nd
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.
-0.05
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
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%.
0.05
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.
0.26
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.
-1.54
Price movement
52 week high345
52 week low344.8
Current bid price344.8
Current offer price362.9
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1Money Market100%
Individual holdings
No data available.
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The aim of the fund is to seek to generate a level of income on your investment consistent with low risk and which reflects the short term interest rates of the base currency of the fund. The fund pursues its aim mainly by investing in money market instruments. The fund will select money market instruments which are short-term in nature including UK gilts, deposits, commercial paper and bonds issued by companies, governments and other institutions with a variable rate of interest. The fund may also pursue its aim by investing in other funds. The fund may also invest in a wide range of financial instruments including shares, money market instruments, warrants and derivatives. The fund may use investment techniques including stock lending, borrowing cash and hedging. The fund may use derivatives for investment purposes as well as for the purposes of efficient portfolio management. The fund will invest indirectly through actively managed underlying funds.
Benchmark
  • No Specified Index
Investment style
Liquidity
Investment method
None
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Unity Money Market EP
Initial charge-
Annual charge0.59%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.59%
Bid price344.8
Offer price362.9
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCO22
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.