Fact sheet: Federated Shrt Trm Strlg Prm

Fund information
Fund name
Federated Short-Term Sterling Prime 11
Fund manager company
Federated Investors (UK) LLP
Fund type
OEIC
Fund managers
  • Gary Skedgesince 31/08/2007
  • Dennis Geppsince 30/04/2007
Fund objective
The fund aims to provide capital stability and income through investment in short-term fixed income and variable rate securities. The fund will invest in high quality, liquid securities from both within and outside the UK, aiming to achieve capital preservation with money market returns. The fund is a European Securities and Market Authority (“ESMA”) Short-Term Money Market Fund.
Benchmark
  • 7 Day Sterling LIBID
Investment style
Liquidity
Investment method
Short Dated Bonds
Quick stats
1 Year return
0.2%
1 Year rank in sector
15/18
Sector
UT Money Market
Yield
0%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.4%
Fund size
£2,700m (£1,700m 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
Mid price
1.0213
Top in this sector
Fund name1 Year
Thesis Motim10.8%
Royal London Enhncd Csh +0.9%
Federated Stg Csh +0.8%
F&C Short Duration Bond0.8%
Royal London Cash Plus0.5%
...more in UT Money Market

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%0.1%0.2%0.4%1.1%
Sector-0.1%0%0.6%0.9%0.8%2.2%
Rank within sector14 / 1815 / 1815 / 1815 / 1815 / 1710 / 14
Quartile4th4th4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund0.2%0.2%0.1%0.1%0.5%
Sector0.9%-0.2%0.2%1%0.4%
Rank within sector15 / 1814 / 1715 / 1713 / 169 / 14
Quartile4th4th4th4th3rd
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.
0.15
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%.
0.02
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.
5.69
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.
-0.98
Price movement
52 week high1.02
52 week low1.02
Current bid price-
Current offer price-
Current mid price1.02
Region
1Money Market100%
Industry sector
1Cash Deposits48.6%
2Floating Rate Notes25.2%
3Commercial Paper24.5%
4Fixed Interest1.7%
Asset type
1Money Market100%
Individual holdings
1BNP PARIBAS FORTIS FUNDING 07-NOV-162.75%
2SUMITOMO MITSUI BANKING CORP. 31-OCT-162.38%
3ERSTE ABWICKLUNGSANSTALT 19-DEC-161.87%
4ASB FINANCE LTD. 03-FEB-171.83%
5AUSTRALIA & NEW ZEALAND BANKING GROUP, MELBOURNE 06-MAR-171.83%
6BANK OF NOVA SCOTIA 0% CT OF DEP 20/10/16 GBP11.83%
7BANK OF NOVA SCOTIA FR CERT OF DEPOSIT 10/10/16 GBP11.83%
8CREDIT SUISSE INTERNATIONAL CERT 15/11/16(RMF COMMODITY STRATEGIES)1.83%
9ING BANK N.V. 25-NOV-161.83%
Management
Fund manager group
Federated Prime Rate Cap Manag
Fund manager company
Federated Investors (UK) LLP
Fund type
OEIC
Fund objective
The fund aims to provide capital stability and income through investment in short-term fixed income and variable rate securities. The fund will invest in high quality, liquid securities from both within and outside the UK, aiming to achieve capital preservation with money market returns. The fund is a European Securities and Market Authority (“ESMA”) Short-Term Money Market Fund.
Benchmark
  • 7 Day Sterling LIBID
Investment style
Liquidity
Investment method
Short Dated Bonds
Fund managers
NameSinceBiography
Gary Skedge31/08/2007Gary Skedge joined the company in 2007 from HSBC Investments, where he co-managed their AAA-rated funds. He has 24 years experience of the banking and investment management sector.
Dennis Gepp30/04/2007Dennis Gepp joined the company in 2007 from Brown Shipley & Co Ltd, where he was Treasurer since 1992. During the previous 19 years he held senior positions in the Treasury departments of four other International Investment Banks. He was on the Board of IMMFA from 2011-2014 and has been a member of IMMFA's investment committee since 2007.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, Spain, United Kingdom, Guernsey, Isle of Man, Jersey
Federated Short-Term Sterling Prime 1
Initial charge-
Annual charge-
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCUY5
Federated Short-Term Sterling Prime 11
Initial charge-
Annual charge0.4%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.51%
Bid price-
Offer price-
Mid price1.0213
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHSU3
Federated Short-Term Sterling Prime 2
Initial charge-
Annual charge0.05%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCUY6
Federated Short-Term Sterling Prime 3
Initial charge-
Annual charge0.1%
Min single investment£30,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCUY7
Federated Short-Term Sterling Prime 4
Initial charge-
Annual charge0.15%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.16%
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCUY8
Federated Short-Term Sterling Prime 5
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.21%
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCUY9
Federated Short-Term Sterling Prime 6
Initial charge-
Annual charge0.25%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCUZ0
Federated Short-Term Sterling Prime 7
Initial charge-
Annual charge0.3%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.29%
Total expense ratio (TER)0.31%
Bid price-
Offer price-
Mid price1
CurrencyGBP
Price updated03/04/2013
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCUZ1
Federated Short-Term Sterling Prime 8
Initial charge-
Annual charge0.1%
Min single investment£30,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price1.0568
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCUZ2
Federated Short-Term Sterling Prime 9
Initial charge-
Annual charge0.3%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)0.31%
Bid price-
Offer price-
Mid price1.0414
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4U2
Data provided by

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