FACTSHEET
31 August 2016
CMI Ins SR Global Liquidity Fund
Life Fund
The CMI Global Liquidity Fund was previously the CMI UK Deposit Fund until 30 November 2014.
Since that date, the fund has been going through a transition. As each fixed term deposit held by
the fund matures, the proceeds are being reinvested into the Global Liquidity Fund, which is
managed by a subsidiary of Aberdeen Asset Management. This transition process will take
approximately 6 months commencing on the 30 November 2014, after which 100% off all assets of
the fund will be invested solely in the Global Liquidity Fund. This change ensures the fund continues
to be well positioned to deliver its objective to conserve capital with a relatively secure return.
Asset Allocation (as at 30/06/2016)
■ Certificates of Deposit
■ Term Deposits
■ Commercial Paper
■ Floating Rate Notes
■ Medium Term Note
42.0%
22.3%
22.1%
12.8%
0.8%
This document is provided for the purpose of
information only. This factsheet is intended for
individuals who are familiar with investment
terminology. Please contact your financial
adviser if you need an explanation of the terms
used. This material should not be relied upon as
sufficient information to support an investment
decision. The portfolio data on this factsheet is
updated on a quarterly basis.
Fund Aim
The fund aims to conserve capital and provide a
secure return in line with UK Bank and Building
Society deposit rates.
Basic Fund Information
Fund Launch Date
29/10/1999
Fund Size
Sector
ISIN
£38.4m
OI Money Market
GB0001596344
MEX ID
CMBS
SEDOL
Credit Rating Breakdown (as at 30/06/2016)
■ Aa2
■ Aa3
■ Aaa
■ A1
■ A2
■ Aa1
Maturity Breakdown (as at 30/06/2016)
■
■
22.3%
■
■
11.9%
■
1 month to 3 months
1 week to 1 month
3 months to 6 months
6 months to 1 year
Up to 1 week
21.7%
159634
Manager Name
Matthew Merritt
Manager Since
01/07/2009
22.5%
30.2%
2.3%
26.8%
5.2%
13.0%
Top Ten Holdings
(as at 30/06/2016)
BK TOKYO MIT DUB FD.43PCT 30JUN16
01JUL16 GBP
3.7%
MIZUHO CORP DUB FD .45PCT
30JUN16 01JUL16 GBP
3.6%
SUMITOMO MIT DUB FD.46PCT
30JUN16 01JUL16 GBP
3.5%
RABOBK INTL DUB FD 0.4PCT 30JUN16
01JUL16 GBP
2.5%
NTL BK ABU DUB FD 0.45PCT 30JUN16
01JUL16 GBP
1.9%
HSBC BANK PLC CP ZCP 16MAY16
16FEB17 GBP
1.3%
DEN NORSKE BANK CD 0.71PCT
5JAN16 5JUL16 GBP
1.1%
DEXIA CREDIT LOCAL CP ZCP 18JAN16
18JUL16 GBP
1.1%
NATL BK ABU DHAB CD .7PCT 15FEB16
20JUL16 GBP
1.1%
NTL BK ABU DHABI CD.76PCT 19FEB16
19AUG16 GBP
1.1%
10.7%
TOTAL % OF FUND
20.9%
33.4%
0%
5%
10%
15%
20%
25%
30%
35%
The composition of asset mix and asset allocation may change at any time and exclude cash
unless otherwise stated
Page 1
Past Performance
Fund Rating Information
8.0%
Overall Morningstar Rating
-
Morningstar Analyst Rating
-
6.0%
4.0%
FE Crown Rating
2.0%
0.0%
-2.0%
-4.0%
Aug 16
Jun 16
Mar 16
Dec 15
Sep 15
Jun 15
Mar 15
Dec 14
Sep 14
Jun 14
Mar 14
Dec 13
Sep 13
Jun 13
Mar 13
Dec 12
Sep 12
Jun 12
Mar 12
Aug 11
-8.0%
Dec 11
-6.0%
31/08/2011 - 31/08/2016 Powered by data from FE
CMI Ins SR Global Liquidity Fund
OI Money Market
Discrete Performance
30/06/2015- 30/06/2014- 30/06/2013- 30/06/2012- 30/06/201130/06/2016 30/06/2015 30/06/2014 30/06/2013 30/06/2012
OI Money Market
0.1%
0.1%
0.0%
0.1%
0.5%
12.2%
-1.8%
-6.1%
2.2%
-2.5%
Information is shown as unavailable if prior to the launch of fund.
Cumulative Performance
31/07/2016- 31/05/2016- 31/08/2015- 31/08/2013- 31/08/201131/08/2016 31/08/2016 31/08/2016 31/08/2016 31/08/2016
CMI Ins SR Global Liquidity Fund
Quartile
OI Money Market
Other Information
The views, opinions and forecasts expressed in
this document are those of the fund manager.
Investment markets and conditions can change
rapidly and as such the views expressed should
not be taken as statement of fact, not should
reliance be placed on these views when making
investment decisions
Past performance is not a guide to future performance. Investment value and income from it
may fall as well as rise, as a result of market and currency movements. You may not get back the
amount originally invested.
CMI Ins SR Global Liquidity Fund
The FE Crown Rating relates to this fund.
However, the Morningstar ratings are based on
the underlying fund. These are supplied by the
respective independent ratings agencies and are
the latest available at the time this factsheet was
issued. Past performance is not a reliable
indicator of future results.
0.0%
0.1%
0.1%
0.1%
0.7%
2
1
2
2
1
0.6%
8.3%
12.6%
6.0%
5.7%
Contact details - For further information on this
fund, please contact your Financial Advisor
Not all products have access to this fund, please
refer to the relevant product literature. Full terms
and conditions are available on
request from us using the contact details
provided. Charges, terms and the selection of
funds we make available may change.
Information on the general and specific risks
associated with investing in this fund is
available in the relevant fund guide, or KIID where
applicable. We may change the
investment approach rating for the fund. All
information is sourced from Scottish Widows or
the relevant fund management group unless
otherwise stated.
Source: FE as at 31/08/2016
Performance figures are in £ sterling on a single pricing basis, with income (where applicable)
reinvested net of UK tax and net of total annual fund charges. These figures do not include any
initial charge or other product charge(s) that may be applicable.
Quarterly Fund Manager Review
The result of the UK’s EU referendum, with 52% voting to leave, threw markets into turmoil. There was a pronounced flattening of the money market
curve in sterling as markets prepared for weaker UK growth and Bank of England stimulus. The US Federal Reserve (Fed) left interest rates unchanged
over the quarter. Following the ‘Brexit’ outcome, many market participants now expect there to be no rate rise until 2017.
Matthew Merritt, 30/06/2016
The views, opinions and forecasts expressed in this document are those of the fund management house. Investment markets and conditions can
change rapidly and as such the views expressed should not be taken as statements of fact, nor should reliance be placed on these views when making
investment decisions.
CMI Insurance Company Limited. Evergreen House, 43 Circular Road, Douglas, Isle Of Man, IM99 1LT, British Isles. Registered Number 033520C, Isle of Man. Telephone +44(0)1624 638888. Fax +44(0)1624 625900. Authorised by the Isle of
Man Insurance and Pensions Authority. Approved by Clerical Medical Financial Services Limited, 33 Old Broad Street, London, EC2N 1HZ. Registered number 2114901, England. Authorised and regulated by the Financial Conduct Authority.
Financial Services Register number 142779. Hong Kong Representative: CMI Financial Management Services Limited, Room E21 & E22, Level 2, Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong. Telephone: +852 2956 1288.
Fax: +852 2956 2302.
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