Fact sheet: Royal London Short Tm Mny Mkt

Fund information
Fund name
Royal London Short Term Money Market Y Acc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund managers
  • Tony Colesince 31/12/2015
  • Craig Inchessince 31/12/2015
Fund objective
The Fund seeks to provide stability of capital and to provide an income in line with money market rates.
Benchmark
  • LIBID 7 day
Investment style
None
Investment method
None
Quick stats
1 Year return
0.3%
1 Year rank in sector
1/8
Sector
UT Short Term Money Market
Yield
0.3%
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.
0.1%
Fund size
£2,390m (£39m last year)
Mid price
100.3073
Top in this sector
Fund name1 Year
Royal London Short Tm Mny Mkt0.3%
Architas Liquidity0.3%
BlackRock Cash0.3%
Fidelity Grs Accumulating Csh0.2%
Fidelity Cash0.1%
...more in UT Short Term Money Market

Performance snapshot

Holdings snapshot

  • Money Market100%
  • Certificates of Deposit49.1%
    Government Bonds29%
    Floating Rate Notes16.2%
    Money Market4.3%
    Government Agency Bonds1.4%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0%0.2%0.3%0.3%0.6%
Sector0%0%0.1%0.1%0.3%0.5%
Rank within sector1 / 92 / 91 / 91 / 85 / 85 / 8
Quartile1st1st1st1st3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund0.3%0.1%-0.1%-0%0.3%
Sector0.1%0.1%0%0%0.2%
Rank within sector1 / 86 / 87 / 86 / 82 / 8
Quartile1st3rd4th3rd1st
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.
-0.04
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.
1.79
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.
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.
0.4
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.
0.3
Price movement
52 week high100.31
52 week low99.98
Current bid price-
Current offer price-
Current mid price100.31
Region
1Money Market100%
Industry sector
1Certificates of Deposit49.1%
2Government Bonds29%
3Floating Rate Notes16.2%
4Money Market4.3%
5Government Agency Bonds1.4%
Asset type
1Money Market100%
Individual holdings
1TREASURY 0% TSY BILL 19/12/16 GBP15.8%
2UK TREASURY BILL 0% 12/12/20165.2%
3UK TREASURY BILL 0% 14/11/20164.5%
4TREASURY 0% TSY BILL 07/11/16 GBP14.3%
5UKTB 0 01/30/173.7%
6BARCLAYS BANK FRN 15/09/20172.5%
7LLOYDS BANK FRN 16/01/20172.5%
8SANTANDER FRN 20/01/20172.2%
9UBS 0.52% CD 18/07/16 - 30/12/162.1%
Management
Fund manager group
Royal London Unit Tst Mgrs
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund objective
The Fund seeks to provide stability of capital and to provide an income in line with money market rates.
Benchmark
  • LIBID 7 day
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Tony Cole31/12/2015Tony 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.
Craig Inches31/12/2015Craig 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London Short Term Money Market Y Acc
Initial charge-
Annual charge0.08%
Min single investment£1,000,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.3073
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGWUO
Royal London Short Term Money Market Y Inc
Initial charge-
Annual charge0.08%
Min single investment£1,000,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.41%
Bid price-
Offer price-
Mid price97.1898
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeRD05
Data provided by

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