Fact sheet: FL Old Mutual Corporate Bd Pn

Fund information
Fund name
FL Old Mutual Corporate Bond Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Lloyd Harrissince 01/12/2015
Underlying fund
Old Mutual Corporate Bond
Fund objective
Old Mutual state that the objective of the fund is to maximise total return through investment in a diversified portfolio of fixed interest and other debt securities. The fund may also invest in transferable securities, units in collective investment schemes, warrants, money market instruments, deposits and derivatives. More than 35% in value of the fund may consist of government and other public securities issued by one issuer. The level of cash held will not normally exceed 20% of the value of the fund. The fund will be permitted to use derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • iBoxx UK Sterling Non-Gilts
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
10.4%
1 Year rank in sector
60/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£2m (£1m 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.
42
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP15.4%
OMW IPL L&G AAA CrpBdOv15YIx Pn15.2%
AEGON UK Long Corporate Bond Pn14.5%
AEGON Long Core Plus Pn14.4%
MetLife Fid Corp Bd 20yr Pn13.8%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK48.3%
    USA14.4%
    Others4.6%
    Europe4.5%
    Australia4.5%
  • Investment Grade Corporate Bonds83.2%
    Money Market12.2%
    Others2.4%
    High Yield Bond1.5%
    Corporate Bonds0.7%
  • UK Fixed Interest48.3%
    US Fixed Interest14.4%
    Global Fixed Interest4.6%
    European Fixed Interest4.5%
    Australian Fixed Interest4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%2.3%5.6%10.4%17.5%50.2%
Sector1%2.3%5.3%9.1%20.1%38.4%
Rank within sector166 / 263126 / 26286 / 26060 / 259171 / 23011 / 215
Quartile3rd2nd2nd1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund3.3%10.2%-1.5%9.9%5.4%
Sector3.2%9.4%0.2%10.5%1%
Rank within sector125 / 26080 / 256228 / 242151 / 2309 / 221
Quartile2nd2nd4th3rd1st
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.
-1.08
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.
1.09
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.
0.35
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%.
6.18
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.
1.88
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.
-0.3
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.
0.91
Price movement
52 week high193.5
52 week low174.4
Current bid price-
Current offer price-
Current mid price192.4
Region
1UK48.35%
2USA14.42%
3Others4.57%
4Europe4.52%
5Australia4.46%
6Japan2.99%
7France2.73%
8Sweden2.68%
9Spain2.45%
Industry sector
1Investment Grade Corporate Bonds83.17%
2Money Market12.2%
3Others2.41%
4High Yield Bond1.54%
5Corporate Bonds0.68%
Asset type
1UK Fixed Interest48.35%
2US Fixed Interest14.42%
3Global Fixed Interest4.57%
4European Fixed Interest4.52%
5Australian Fixed Interest4.46%
6Japanese Fixed Interest2.99%
7French Fixed Interest2.73%
8Swedish Fixed Interest2.68%
9Spanish Fixed Interest2.45%
Individual holdings
1EUROPEAN INVESTMENT BANK 3.875% BDS 08/06/37 GBP10002.5%
2NEDERLANDSE WATERSCHAPSBANK N.V.1.6%
3TREASURY 4.5% GILT 7/9/2034 GBP0.011.5%
4ALIBABA GROUP HOLDING LTD. 3.6% 28-1.2%
5BANK OF NOVA SCOTIA 0.75% 14-SEP1.1%
6JPMORGAN CHASE & CO. FRN 24-OCT1.1%
7MET. LIFE GLOBAL FUNDING I 2.625% 051.1%
8NEW YORK LIFE GLOBAL FUNDING 1.0%1.1%
9TELEREAL SECURED FINANCE 4.01% NTS 10/12/33 GBP10001.1%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Old Mutual state that the objective of the fund is to maximise total return through investment in a diversified portfolio of fixed interest and other debt securities. The fund may also invest in transferable securities, units in collective investment schemes, warrants, money market instruments, deposits and derivatives. More than 35% in value of the fund may consist of government and other public securities issued by one issuer. The level of cash held will not normally exceed 20% of the value of the fund. The fund will be permitted to use derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • iBoxx UK Sterling Non-Gilts
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Lloyd Harris01/12/2015Lloyd Harris, Senior Credit Analyst, joined OMGI in January 2012 as a senior credit analyst focusing on the financial sector. He was previously at Cutwater Asset Management (2007- 2011), initially as an asset-backed CP/ MTN trader, then as a European financials credit analyst. Prior to this, he worked in structured capital markets at Deutsche Bank (2002-2007), after completing the firm’s graduate training program. Lloyd graduated from University of Bristol with a BA (Hons) in Electronics and Telecommunications Engineering (2001), and is a part-qualified management accountant.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Old Mutual Corporate Bond Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price192.4
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF533
FL Old Mutual Corporate Bond Pn Inet
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price162.41
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOO14
Data provided by

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