Fact sheet: Royal London Cash Plus

Fund information
Fund name
Royal London Cash Plus Z Acc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund managers
  • Craig Inchessince 19/06/2011
  • Tony Colesince 17/05/2015
Fund objective
The performance objective is to seek to achieve an estimated total return between 0.50% to 0.75% p.a. gross of fees above 7 day LIBID over rolling 12 month periods.
Benchmark
  • LIBID 1 Week
Investment style
None
Investment method
None
Quick stats
1 Year return
0.7%
1 Year rank in sector
-
Sector
UT Money Market
Yield
0.6%
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.
0.02%
Fund size
£3,567m (£1,264m 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
104.7885
Top in this sector
Fund name1 Year
Thesis Motim18.3%
Royal London Enhncd Csh +1.2%
Federated Stg Csh +0.9%
Royal London Cash Plus0.7%
F&C Short Duration Bond0.7%
...more in UT Money Market

Performance snapshot

Holdings snapshot

  • Money Market100%
  • Cash & Cash Equivalents59.9%
    Mortgage & Secured Bonds27.4%
    Corporate Bonds8.4%
    Government Bills3.7%
    Government Agency Bonds0.6%
  • Money Market100%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.2%0.3%0.7%2.2%4.6%
Sector0.1%0.3%0.3%1.2%1.2%1.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0.1%0.7%0.6%0.9%0.7%
Sector0.2%0.9%-0.2%0.2%1%
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.
0.7
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%.
0.08
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.
5.8
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.
-1.02
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.
0.05
Price movement
52 week high104.78
52 week low104.01
Current bid price-
Current offer price-
Current mid price104.79
Region
1Money Market100%
Industry sector
1Cash & Cash Equivalents59.95%
2Mortgage & Secured Bonds27.37%
3Corporate Bonds8.42%
4Government Bills3.66%
5Government Agency Bonds0.6%
Asset type
1Money Market100%
Individual holdings
1NBC 0.60% CD 03/11/16 - 03/11/171.86%
2UK TREASURY 1% 07/09/20171.77%
3CANADIAN IMPERIAL BANK FRN 15/01/20181.53%
4NATIONWIDE BUILDING SOCIETY FRN 27/04/20181.47%
5BANK OF NOVA SCOTIA FRN 07/08/20181.41%
6AUSTRALIA (COMMONWEALTH BANK OF) FR CVD BDS 24/01/18 GBP1000001.33%
7BANK OF AMERICA 0.45% CD 14/12/2016 - 14/06/20171.33%
8BANK OF TOKYO MITSUBISHI 0.34% CD 30/12/2016 - 31/03/20171.33%
9UBS 0.86% CD 09/06/16 - 08/06/171.33%
Management
Fund manager group
Royal London Unit Tst Mgrs
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund objective
The performance objective is to seek to achieve an estimated total return between 0.50% to 0.75% p.a. gross of fees above 7 day LIBID over rolling 12 month periods.
Benchmark
  • LIBID 1 Week
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Craig Inches19/06/2011Craig 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.
Tony Cole17/05/2015Tony joined RLAM in 2001 working across a variety of systems development, project management and Fixed Income technical roles, before moving to the Derivatives team in 2011. As a Derivatives Systems Manager his work focused on risk systems, modelling and derivatives pricing. Since the start of 2013 Tony has been a member of the cash team managing segregated cash portfolios. His qualifications include a first class BSc (Hons) in Financial Economics from the University of London.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London Cash Plus M Inc
Initial charge-
Annual charge0.25%
Min single investment£100,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.27%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price101.8759
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code014P
Royal London Cash Plus X Acc
Initial charge-
Annual charge0.13%
Min single investment£200,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN84D
Royal London Cash Plus X Inc
Initial charge-
Annual charge0.13%
Min single investment£200,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.0786
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN84C
Royal London Cash Plus Y Acc
Initial charge-
Annual charge0.13%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.6636
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKKTG
Royal London Cash Plus Y Gr Inc
Initial charge-
Annual charge0.13%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.1759
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKKTF
Royal London Cash Plus Y Inc
Initial charge-
Annual charge0.13%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.1757
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKKTE
Royal London Cash Plus Z Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.02%
Total expense ratio (TER)0.17%
Bid price-
Offer price-
Mid price104.7885
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code014N
Royal London Cash Plus Z Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.8235
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code014O
Data provided by

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