Fact sheet: JP Morgan Elect Mgd Csh

Fund information
Fund name
JP Morgan Elect Managed Cash
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Katy Thorneycroftsince 31/08/2007
Fund objective
Preservation of capital with a yield based on short term interest rates by investing in a range of liquidity funds and short dated AAArated UK government securities/G7 government securities hedged into sterling.
Benchmark
  • No Specified Index
Investment style
None
Investment method
No data available.
Quick stats
1 Year return
2.9%
1 Year rank in sector
1/2
Sector
IT Liquidity Funds
Yield
0.3%
Fund size
£4m
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.
18
Mid price
102.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
101.41
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+1.07
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
JP Morgan Elect Mgd Csh2.9%
Invesco Per Sel Mgd Lq plc-1.5%
...more in IT Liquidity Funds

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%2.2%2.6%2.9%3.1%3.7%
Sector-0.2%1.2%1.4%0.7%1.8%3%
Rank within sector2 / 21 / 21 / 21 / 21 / 21 / 2
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund2.9%-0.1%0.3%0.1%0.5%
Sector0.7%0.5%0.9%0.5%0.3%
Rank within sector1 / 22 / 22 / 22 / 21 / 2
Quartile
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.
0.2
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.
1.37
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.
-0
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%.
1.71
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.
1.09
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.
0.38
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.
0.64
Price movement
52 week high103
52 week low100
Current bid price101
Current offer price104
Current mid price102.5
Region
1Money Market100%
Industry sector
1Financials100%
Asset type
1Money Market100%
Individual holdings
1ABERDEEN STERLING LIQUIDITY FUND16.8%
2INSTITUTIONAL CASH SERIES HERITAGE FUND16.8%
3DEUTSCHE GLOBAL LIQUIDITY MANAGED STERLING FUND16.7%
4FIDELITY INSTITUTIONAL STERLING CASH FUND 16.7%
5INSIGHT STERLING LIQUIDITY FUND16.7%
6JPMORGAN STERLING LIQUIDITY FUND16.3%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
Preservation of capital with a yield based on short term interest rates by investing in a range of liquidity funds and short dated AAArated UK government securities/G7 government securities hedged into sterling.
Benchmark
  • No Specified Index
Investment style
None
Investment method
No data available.
Fund managers
NameSinceBiography
Katy Thorneycroft31/08/2007Katy Thorneycroft is a senior portfolio manager in the Global Multi-Asset Group (””GMAG””), based in London. Katy focuses on the UK pension, Diversified Growth and investment trust funds. An employee since 1999, Katy was previously a member of the GMAG in New York and prior to this was a portfolio manager in the European Equity Group in London focusing on small and mid-cap strategies. Katy obtained an MChem from the University of Oxford and is a CFA charterholder.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Elect Managed Cash
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 price101.41
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJON
Data provided by

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