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Deposit Fund
Fund Snapshot
Launch Date 01/08/2008
Fund Manager Friends First
Risk Rating Risk Rating 2
Fund Type Asset Class Cash Cash
Diversification Diversification 1
Stocks & Holdings 3
Regions Covered Regions Covered 1
Fund Size €58.9m*
Latest Bid Price €1.1303 
Price Date 20/11/2017 

Fund Performance

Performance Line Graph

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Fund Summary
The objective of this fund is to maximise interest rate returns on cash deposits, whilst safeguarding the funds invested. The fund will hold deposits with a minimum of two banks all of whom must hold a credit rating of B (S&P) or higher.This fund invests in Deposit Accounts of 6 months duration or less. The deposit rates on offer are reviewed on a regular basis and other banks may be selected at the discretion of Friends First. Friends First will pass on the full value of the amounts it receives from the banks, less the fund management charge.

Market Commentary
The fund is daily priced. Friends First pass on the full value of the interest which it receives from the deposit holding banks, less the fund management charge.

The fund holds deposits with three Banks currently - Permanent TSB, AIB Bank and also Close Brothers. (30th Sept 2017)

Management Charge
0.65% pa of fund assets. Please refer to policy conditions for policy charges.

Long Term Credit Rating* as at 30/09/2017

Institution Rating
AIB Bank BB+
Close Brothers Limited Aa3 (Moodys)
Permanent TSB BB

Returns provided by this fund will be dependent on interest rates available in money markets. This fund should be considered as a short/medium term investment. Access to your investment in this fund may, in periods of adverse investment conditions, be restricted for up to one month. * Fund size refers to assets under management in underlying fund.

The returns shown include the reinvestment of net income and are net of trading costs and management fees but before other insurance contract charges and as such do not represent the returns on insurance contracts linked to these funds. Details of all charges for a particular product are available on request.

The information in this document does not constitute investment advice. It does not take into account the investment objectives, financial position or needs of any particular investor. Before making an investment decision, you should consult suitably qualified and independent investment, taxation, and regulatory advisors to discuss your specific situation and investment objectives. The investment strategies and risk profiles outlined in this document may not be suitable for your specific investment needs.

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Money invested is placed with one or more Banks. The payment of interest and security of capital is therefore provided by the Banks. Please note that Friends First is not providing any guarantee on these funds.
Warning: Credit ratings change and the credit ratings of the institutions on this factsheet are updated on a quarterly basis.
Warning: If you invest in this product you may lose some or all of the money you invest.



The information provided is intended for use by retail investment customers and is based on our understanding of current law and revenue practice.
Selected Funds
Fund Description Performance


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Fund Performance

Fund Performance To Date
Fund Description Fund 1 mth YTD 1YR 3YR p.a. 5YR p.a. 10YR p.a. Launch p.a

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.

FUND WARNINGS:
  1. Performance Fees: The growth of the Insight Currency fund will be subject to a 20% monthly performance fee which only applies when the growth rate exceeds 7% p.a. The Market Neutral Equity fund will be subject to a performance fee of 10% of any growth achieved above cash returns (specifically 3-month EURIBID).
  2. The price protection on the Protected Equity+ Fund, Series 3 is provided by Deutsche Bank AG.
  3. Money invested in the Deposit fund is placed with one or more Banks. The payment of interest and security of capital is provided by the Bank(s). The Bank(s) and not Friends First are providing the security on the Deposit fund. Please refer to the Fund Factsheet.
  4. The property fund managers reserve the right to place a withdrawal limit or/and to defer encashment for up to six months or such time as is necessary to facilitate the sale of assets if required.
Fund Performance

Daily Fund Prices and Performance
Fund Name Bid Price Price Date 1Mth (%) YTD (%) 1Yr (%) 3Yrs (%) 5Yrs (%) 10Yrs (%) Since Launch (%)

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© Friends First, Friends First House, Cherrywood Business Park, Loughlinstown, Dublin 18
Friends First Life Assurance Company dac is regulated by the Central Bank of Ireland.
Friends First is part of Achmea