Fact sheet: L&G Old Mutual Gbl Strat Bd Pn

Fund information
Fund name
L&G Old Mutual Global Strategic Bond Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Mark Nashsince 01/08/2016
  • Nick Wallsince 01/08/2016
Underlying fund
Old Mutual Gl St Bd
Fund objective
To seek to produce total returns from income and capital growth through investment in a diversified portfolio of fixed and variable rate bond investments, including convertible securities. The fund will vary the currencies in which it invests to enable it to achieve its objective.
Benchmark
  • Bloomberg Barclays Global Aggregate Hedge GBP
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
1.9%
1 Year rank in sector
123/135
Sector
PN Global Fixed Interest
Yield
-
Fund size
£1m (£2m 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.
27
Bid price
105.63
Offer price
105.63
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn22.9%
Scot Eq AegonIntcEgMtsLclCrDtPn20.3%
Zurich L&G PreRtrmnt Infln Lkd19.8%
FL MyM HBP Blended Bnd Pn19.6%
OMW IPL 2035 Idx Lkd Gilt Pn19.4%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA27.3%
    Europe19.3%
    Japan18.4%
    UK11.9%
    New Zealand4.1%
  • Government Bonds83.8%
    Investment Grade Corporate Bonds9.9%
    High Yield Bond4.1%
    Others1.9%
    Corporate Bonds0.3%
  • US Fixed Interest27.3%
    European Fixed Interest19.3%
    Japanese Fixed Interest18.4%
    UK Fixed Interest11.9%
    New Zealand Fixed Interest4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.2%-0.7%1.9%0.5%1.7%
Sector-0.1%1.1%-2.6%8.9%19.6%21.9%
Rank within sector48 / 14271 / 14139 / 141123 / 135107 / 11188 / 92
Quartile2nd3rd2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-0%4.8%-4.8%-2.4%-1.4%
Sector0.6%14.1%-0.3%6.1%-3.6%
Rank within sector63 / 141108 / 127110 / 119102 / 10738 / 101
Quartile2nd4th4th4th2nd
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.
-1.76
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.
0.3
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
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.
5.5
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.
-1.08
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.
0.19
Price movement
52 week high108.24
52 week low103.22
Current bid price105.63
Current offer price105.63
Current mid price-
Region
1USA27.27%
2Europe19.34%
3Japan18.43%
4UK11.94%
5New Zealand4.11%
6Australia3.96%
7Germany3.78%
8Mexico3.36%
9Switzerland3.21%
Industry sector
1Government Bonds83.8%
2Investment Grade Corporate Bonds9.9%
3High Yield Bond4.1%
4Others1.9%
5Corporate Bonds0.3%
Asset type
1US Fixed Interest27.27%
2European Fixed Interest19.34%
3Japanese Fixed Interest18.43%
4UK Fixed Interest11.94%
5New Zealand Fixed Interest4.11%
6Australian Fixed Interest3.96%
7German Fixed Interest3.78%
8Mexican Fixed Interest3.36%
9Swiss Fixed Interest3.21%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 1% NTS 15/09/18 USD10009.9%
2JAPAN GOVT CPI LINKED 0.1 10/03/20268.3%
3UNITED STATES OF AMER TREAS BONDS 4.5% BDS 15/02/36 USD10006.6%
4UNITED STATES OF AMER TREAS NOTES 2.125% NTS 30/09/21 USD10006.4%
5TSY INFL IX N/B 0.125% 15/07/20265%
6US 1.5000% NOTE 15 AUG 20264.8%
7US 0.7500% NOTE JAN 20184.7%
8NEW ZEALAND(GOVERNMENT OF) 6% BDS 15/05/21 NZD10003.9%
9BUNDESREPUB. DEUTSCHLAND 5.5000003.7%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
To seek to produce total returns from income and capital growth through investment in a diversified portfolio of fixed and variable rate bond investments, including convertible securities. The fund will vary the currencies in which it invests to enable it to achieve its objective.
Benchmark
  • Bloomberg Barclays Global Aggregate Hedge GBP
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Mark Nash01/08/2016Based in London, Mark is responsible for managing multi-currency global fixed income portfolios for retail and institutional clients and aside from managing portfolios, primarily focuses on emerging local debt analysis and G3 government bond markets (i.e. Columbia, Mexico and Venezuela). Mark’s investment career started when he joined the company in 2001. At that time, his portfolio responsibilities included the management of absolute return mandates that covered a very broad universe of fixed income assets classes. He also worked in the currency team and continues to hold primary currency decision making responsibility for the Invesco Fixed Income investment team. Mark holds a BSc (Honours) degree (2000) in Chemistry from the University of Nottingham and a MSc in Materials Engineering. In 2004, Mark was awarded the Chartered Financial Analyst® (CFA®) designation.
Nick Wall01/08/2016
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Old Mutual Global Strategic Bond Pn G25
Initial charge-
Annual charge1.11%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.11%
Bid price105.63
Offer price105.63
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNES3
Data provided by

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