Fact sheet: RLP Enhanced Cash Plus Pn

Fund information
Fund name
RLP Enhanced Cash Plus Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund managers
  • Craig Inchessince 12/06/2016
  • Richard Nelsonsince 12/06/2016
Underlying fund
Royal London Enhncd Csh +
Fund objective
The fund will seek to outperform its benchmark, the LIBID GBP 7 Day Index, over rolling 12 month periods. Capital invested in the fund is at risk and there is no guarantee that this target will be achieved over the 12 month rolling periods, or any other time period.
Benchmark
  • LIBID 7 day
Investment style
Active
Investment method
None
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Specialist
Yield
-
Fund size
£0m
Bid price
95.1
Offer price
100.2
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus40.3%
ReAssure AL NptRu&GtrRus Pn40%
L&G Nep Russia&Gtr Russia Pn39.8%
OMW InvescoPerpetualEmgEurpn34.7%
SIP Sanlam Gbl Fin Pn34.5%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • Money Market100%
  • Money Market29.4%
    Corporate Bonds27.5%
    Mortgage & Secured Bonds24.5%
    Asset/Mortgage-Backed Securities18.2%
    Fixed Interest0.4%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--0.1%----
Sector-2%-0.6%6.3%7.4%19.4%41.4%
Rank within sector75 / 546239 / 544----
Quartile1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector8.3%2%7.2%11%7.7%
Rank within sector-----
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.
-
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 high95.2
52 week low95
Current bid price95.1
Current offer price100.2
Current mid price-
Region
1Money Market100%
Industry sector
1Money Market29.4%
2Corporate Bonds27.5%
3Mortgage & Secured Bonds24.5%
4Asset/Mortgage-Backed Securities18.2%
5Fixed Interest0.4%
Asset type
1Money Market100%
Individual holdings
1PERMANENT MASTER ISSUER PLC S3 CLS A MTG BKD NTS 15/07/42 GBP500002.7%
2FOSSE MASTER ISSUER 4.635% 18/01/20172.6%
3HOLMES MASTER ISSUER PLC SER 1 CL A4 RES MTG BKD FRN 15/10/54 EUR2.5%
4ARKLE MASTER ISSUER PLC 4.681% NTS 17/02/17 GBP50000 144A2.1%
5JP MORGAN 6.125% VRN 30/05/20171.7%
6NEW YORK LIFE GLOBAL FUNDING 28/09/20171.7%
7ARKLE MASTER ISSUER 3.986% 17/08/20171.6%
8DANSKE BANK 04/10/20181.5%
9LANARK 2016-11.5%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund will seek to outperform its benchmark, the LIBID GBP 7 Day Index, over rolling 12 month periods. Capital invested in the fund is at risk and there is no guarantee that this target will be achieved over the 12 month rolling periods, or any other time period.
Benchmark
  • LIBID 7 day
Investment style
Active
Investment method
None
Fund managers
NameSinceBiography
Craig Inches12/06/2016Craig joined RLAM in January 2009 as a fund manager with the fixed interest team. He is responsible for the management of government bond portfolios including index-linked bonds, gilts and non UK sovereign debt. Craig joined RLAM after an 11 year career at Scottish Widows Investment Partnership (SWIP) where he was Fixed Income Investment Director. At SWIP, Craig built up a strong track record across a wide range of fixed income funds. Craig has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.
Richard Nelson12/06/2016Richard Nelson is a Fund Manager within the Fixed Income team. He joined Royal London in 2013, as part of the Co-op Asset Management acquisition, and has 18 years' investment experience.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Enhanced Cash Plus Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price95.1
Offer price100.2
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN8PU
Data provided by

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