Fact sheet: JPM Liq $ Curt Rsrvs

Fund information
Fund name
JPM Liq US Dollar Current Reserves A NAV USD
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund manager
  • Chris Tuftssince 13/04/2014
Fund objective
The investment objective of the Sub-Fund is to achieve a competitive level of total return in the Reference Currency consistent with the preservation of capital and a high degree of liquidity without aiming to maintain a stable Net Asset Value per Share.
Benchmark
  • BofA Merrill Lynch 0-3mth US Treasury Bill Index
Investment style
Liquidity
Investment method
Short Dated Bonds
Quick stats
1 Year return
0.3%
1 Year rank in sector
20/56
Sector
FO Currency - US Dollar
Yield
-
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.
0.55%
Fund size
£11m (£11m 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.
74
Top in this sector
Fund name1 Year
Schroder ISF USD Lq2.4%
BlackRock ICSInt$UlStBd1%
Amundi Cash USD0.8%
CMI US Dollar Currency Reserve0.8%
JPM Mangd Resrv0.7%
...more in FO Currency - US Dollar

Performance snapshot

Holdings snapshot

  • Canada14.3%
    Japan13.2%
    Australia12.8%
    China11.4%
    Germany10%
  • Commercial Paper45.8%
    Certificates of Deposit38.3%
    Asset Backed Commercial Paper13.2%
    Others2.7%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0.1%0.2%0.3%0.6%1%
Sector0.1%0.1%0.2%0.4%0.4%0.7%
Rank within sector16 / 5913 / 5918 / 5820 / 5610 / 509 / 47
Quartile2nd1st2nd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund0.3%0.1%0.1%0.2%0.3%
Sector0.3%0.1%-0%-0.1%0.4%
Rank within sector20 / 5611 / 537 / 507 / 4913 / 47
Quartile2nd1st1st1st2nd
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
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.
0.25
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%.
0.04
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.
0.07
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.
0.66
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.
0.22
Price movement
52 week high10104.17
52 week low10071.19
Current bid price-
Current offer price-
Current mid price10104.17
Region
1Canada14.3%
2Japan13.2%
3Australia12.8%
4China11.4%
5Germany10%
6Others9%
7USA8.7%
8Singapore6.1%
9Sweden5.9%
Industry sector
1Commercial Paper45.8%
2Certificates of Deposit38.3%
3Asset Backed Commercial Paper13.2%
4Others2.7%
Asset type
1Money Market100%
Individual holdings
1CAISSE CENTRALE DESJARDINS 0.44% SEP-02-20163.6%
2COMMONWEALTH BANK OF AUSTRALIA 0.81% SEP-30-20163.6%
3COOPERATIEVE RABOBANK U.A 0.85% NOV-02-20163.6%
4DNB BANK ASA 1.13% SEP-11-20163.6%
5KELLS FUNDING LLC 0.90% NOV-17-20163.6%
6OLD LINE FUNDING LLC 1.25% OCT-29-20163.6%
7SWEDISH EXPORT CREDIT CORP 0.81% SEP-23-20163.6%
8VICTORY RECEIVABLES CORPORATION 0.40% SEP-01-20163.6%
9WELLS FARGO BANK NATIONAL ASSOCIATION 1.20% OCT-27-20163.6%
Management
Fund manager group
JP Morgan
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund objective
The investment objective of the Sub-Fund is to achieve a competitive level of total return in the Reference Currency consistent with the preservation of capital and a high degree of liquidity without aiming to maintain a stable Net Asset Value per Share.
Benchmark
  • BofA Merrill Lynch 0-3mth US Treasury Bill Index
Investment style
Liquidity
Investment method
Short Dated Bonds
Fund manager
NameSinceBiography
Chris Tufts13/04/2014Christopher M. Tufts is head of U.S. taxable portfolio management and trading for the Global Liquidity business. An employee since 1997, Chris's team is responsible for the management of all taxable money market mutual funds and liquidity separate accounts in the U.S. Chris was formerly a portfolio manager for Global Liquidity's Sterling and Euro liquidity funds in London and also traded 2-5 year maturity corporate and U.S. Agency securities for U.S. short term fixed income mandates. Previously, Chris was a defined contribution plan analyst in the Investment Advisory Group of J.P. Morgan American Century Retirement Plan Services and a sales analyst in the Institutional business at JPMAM. Chris holds a B.A. in Economics and French from the College of the Holy Cross and spent his Junior year abroad at the University of St. Andrews, Scotland.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Cyprus, Germany, Spain, France, United Kingdom, Greece, Ireland, Italy, Jersey, Luxembourg, Netherlands, Offshore, Sweden
JPM Liq US Dollar Current Reserves A NAV USD
Initial charge-
Annual charge0.4%
Min single investment£50,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price10104.17
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code06SY
JPM Liq US Dollar Current Reserves A USD
Initial charge-
Annual charge0.4%
Min single investment£50,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price10104.17
Offer price10104.17
Mid price-
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code06SZ
JPM Liq US Dollar Current Reserves C NAV USD
Initial charge-
Annual charge0.16%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)0.21%
Bid price-
Offer price-
Mid price10154.21
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code06T0
JPM Liq US Dollar Current Reserves C USD
Initial charge-
Annual charge0.16%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)0.21%
Bid price10154.21
Offer price10154.21
Mid price-
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code06T1
JPM Liq US Dollar Current Reserves Institutional NAV USD
Initial charge-
Annual charge0.16%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)0.21%
Bid price-
Offer price-
Mid price10033.66
CurrencyUSD
Price updated27/07/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1DY
JPM Liq US Dollar Current Reserves Institutional USD
Initial charge-
Annual charge0.16%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)0.21%
Bid price10033.66
Offer price10033.66
Mid price-
CurrencyUSD
Price updated27/07/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1DZ
Data provided by

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