ASI Sterling Money Market A

  • 100.05p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 112.91p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.20%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.25%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 13 December 2019

Fund summary

Sector Standard Money Market
Structure OEIC
Launched August, 1990
Size £466m
Yield 0.20%
Charging basis Income
Dividends paid 31 Jan, 30 Apr, 31 Jul, 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.20%
Ongoing charges figure 0.25%

Allocation

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Investment process

To produce an attractive level of income commensurate with security principally by investing in cash deposits and money market instruments. The fund may invest in transferable securities and in collective investment schemes,including those managed by the ACD or companies related to the ACD.

Manager research

Average monthly relative returns

  • 14/15 -0.05%
  • 15/16 -0.02%
  • 16/17 -0.01%
  • 17/18 -0.01%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.02%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 100.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jonathan Cocks

Jonathan Cocks joined Aberdeen from Lloyds Bank TSB where, for 27 years, he specialised in the management of money market instruments and the short end of the fixed income markets. In April 1997 he joined Aberdeen Fund Managers Limited as a fund manager on the UK fixed interest team.

Track record

Jonathan Cocks has 15.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.02%. During the worst period of relative performance (from January 2009 - June 2016) there was a decline of 6% relative to the index. The worst absolute loss has been 0%.

Periods of worst performance

Absolute 0.00% (September 2017 - October 2017)
Relative -6.00% (January 2009 - June 2016)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 August 2019

4.6% Agence Centrale Des Organismes De 0% Bds 30/09/19 Gbp1
4.1% Dz Bank Ag Deutsche Zentralgenossenschaftsbank
2.4% Barclays Bank Plc 0.91% Ct Of Dep 15/11/19 Gbp100
2.4% Credit Agricole Indosuez 0.76% Ct Of Dep 19/11/19 Gbp1
2.4% Danske Bank London Cd 0.82% 09/07/19-19/11/19
2.4% First Abu Dhabi Bank Pjsc 0.92% Ct Of Dep 03/02/20 Gbp1
2.4% Lloyds Bank Corporate Mkts Plc 0.98% Ct Of Dep 13/11/19 Gbp1
2.4% Mizuho Bank London 0.8% Cd 05/06/19- 05/09/19
2.4% Nationwide Building Society 0.84% Ct Of Dep 11/12/19 Gbp1
2.4% Societe Generale Sa 0.89% Ct Of Dep 22/11/19 Gbp1
Source: Trustnet

Sector breakdown

Financials 86.00%
Government Bonds 6.00%
Mutual Funds 4.00%
Others 2.00%
Industrials 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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