Fact sheet: FL Old Mutual Mly Inc Bd AP

Fund information
Fund name
FL Old Mutual Monthly Income Bond AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Tim Barkersince 01/12/2015
  • Christine Johnsonsince 31/08/2010
Underlying fund
Old Mutual Monthly Inc Bd
Fund objective
Old Mutual state that the objective of the fund is to maximise total return by investing primarily in a diversified range of bonds and similar debt investments issued by companies, banks and governments throughout the world. The fund's policy is to invest in bonds and similar debt investments denominated in Sterling. For those investments not denominated in Sterling, the fund will use techniques to try to eliminate the effects of changes in the exchange rate between the Sterling and other currencies. This aims to protect the fund against losses caused by currency movements between the fund base currency, Sterling, and the currency of the underlying assets of the fund. The fund will be permitted to use derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • JPM/BofAML Blended BM
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.6%
1 Year rank in sector
62/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£0m (£0m 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.
24
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc13.8%
AXA Wealth AXA Fram Mgd Inc Pn13.2%
Canlife AXA Fram Mgd Inc Pn13.1%
LV= Artemis High Income Pn12%
Aviva Art High Income Pn11%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • International95.3%
    Money Market4.7%
  • Investment Grade Corporate Bonds42.9%
    High Yield Bond35.1%
    Government Bonds16%
    Money Market4.7%
    Fixed Interest1.3%
  • Global Fixed Interest95.3%
    Money Market4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%0.6%1.9%8.6%7.6%46.8%
Sector1.2%0.7%2.6%7.5%12.9%38.2%
Rank within sector101 / 17388 / 172111 / 17262 / 168127 / 15545 / 143
Quartile3rd3rd3rd2nd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.5%7.3%-1.8%2.5%10%
Sector0.5%6.7%0.7%5.6%5.9%
Rank within sector84 / 17367 / 168153 / 163144 / 15528 / 151
Quartile2nd2nd4th4th1st
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.
-2.91
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.
1.33
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
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%.
4.87
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.
2.49
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.
-0.64
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.
0.79
Price movement
52 week high316.6
52 week low283.1
Current bid price-
Current offer price-
Current mid price313.4
Region
1International95.3%
2Money Market4.7%
Industry sector
1Investment Grade Corporate Bonds42.9%
2High Yield Bond35.1%
3Government Bonds16%
4Money Market4.7%
5Fixed Interest1.3%
Asset type
1Global Fixed Interest95.3%
2Money Market4.7%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.25% TB 15/01/25 USD10007.4%
2UNITED STATES OF AMER TREAS BONDS 2.25% BDS 15/08/46 USD1002.5%
3TREASURY 1.5% GILT 22/07/26 GBP0.011.9%
4UST 1.375 20231.7%
5TESCO PROPERTY FINANCE 4 PLC 5.8006% BDS 13/10/40 GBP1000001.5%
6AT&T INC 3% BDS 30/06/22 USD10001.4%
7RBS 6.1% 10/06/20231.4%
8SKY PLC 3.75% SNR UNSEC NTS 16/09/24 USD 144A1.4%
9CENTRICA 5.25% 10/04/20751.3%
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 by investing primarily in a diversified range of bonds and similar debt investments issued by companies, banks and governments throughout the world. The fund's policy is to invest in bonds and similar debt investments denominated in Sterling. For those investments not denominated in Sterling, the fund will use techniques to try to eliminate the effects of changes in the exchange rate between the Sterling and other currencies. This aims to protect the fund against losses caused by currency movements between the fund base currency, Sterling, and the currency of the underlying assets of the fund. The fund will be permitted to use derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • JPM/BofAML Blended BM
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Tim Barker01/12/2015
Christine Johnson31/08/2010Christine Johnson is Head of Fixed Income at OMGI. Christine joined Old Mutual in September 2010 from Halbis Capital Management (formerly HSBC Asset Management), where she was a senior fixed income fund manager, initially focusing on sterling credit before also managing global portfolios. She moved to Halbis from Investec Asset Management, which she joined as a high yield credit analyst, becoming a high yield fixed income fund manager a year later. She began her asset management career as a credit analyst at Royal & Sun Alliance Investment Management, having previously been a relationship manager at NatWest Bank. Christine has a BA in Economics from Manchester University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Old Mutual Monthly Income Bond AP
Initial charge-
Annual charge0.59%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price313.4
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEX50
FL Old Mutual Monthly Income Bond AP Inet
Initial charge-
Annual charge0.48%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price297.2
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEM79
Data provided by

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