Fact sheet: OMW AXA Framlington Mgd Inc

Fund information
Fund name
OMW AXA Framlington Managed Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • George Luckraftsince 09/09/2002
Underlying fund
AXA Framlington Mgd Inc
Fund objective
The OMW AXA Framlington Managed Income fund invests solely in the AXA Framlington Managed Income fund, a UK authorised Unit Trust managed by AXA Investment Managers UK Limited.The underlying fund seeks to generate a high level of income with capital growth. Investment will be principally in convertible securities, corporate bonds and other fixed income securities (including government securities) of predominantly, but not exclusively, UK issuers. Investment will be in convertible and fixed interest securities which, in the Manager’s opinion, have yield and value characteristics which create attractive total return potential. The Manager may also invest, to a limited extent, in ordinary shares.The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors.The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default.The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values.Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units.It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.
Benchmark
  • IA £ Strategic Bond
Investment style
None,Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
12.8%
1 Year rank in sector
1/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£5m (£5m 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
1212.1
Offer price
1275.8
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc12.8%
Canlife AXA Fram Mgd Inc Pn12.8%
AXA Wealth AXA Fram Mgd Inc Pn12.6%
SJP Corporate Bond Pn12%
SIP BG Corporate Bd Pn11.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK88.3%
    International6.4%
    Money Market4.7%
    Others0.5%
  • No data available.
  • UK Fixed Interest88.3%
    Global Fixed Interest6.9%
    Money Market4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%1.7%3.9%12.8%17.5%46.7%
Sector0.3%1.8%1.5%7.5%12.7%33.8%
Rank within sector23 / 174103 / 1745 / 1721 / 16824 / 15722 / 146
Quartile1st3rd1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2%11.4%0.4%5.2%9.5%
Sector1.5%6.7%0.7%5.6%5.9%
Rank within sector58 / 1741 / 16893 / 16383 / 15630 / 152
Quartile2nd1st3rd3rd1st
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.
0.73
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.
1.17
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.
0.47
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%.
4.57
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.
2.58
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.
0.54
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.
0.69
Price movement
52 week high1214.6
52 week low1074.1
Current bid price1212.1
Current offer price1275.8
Current mid price-
Region
1UK88.34%
2International6.39%
3Money Market4.73%
4Others0.54%
Industry sector
No data available.
Asset type
1UK Fixed Interest88.34%
2Global Fixed Interest6.93%
3Money Market4.73%
Individual holdings
1TREASURY 8 3/4% GILT 20173.6%
2PRUDENTIAL PLC2.1%
3LEGAL & GENERAL GROUP PLC VAR PERP2%
4ARROW GLOBAL FINANCE PLC 5.125% BDS 15/09/24 GBP10000 REG S1.9%
5ELECTRICITE DE FRANCE SA VAR PERP1.9%
6TESCO PROPERTY FINANCE 3 PLC 5.744% BDS 13/04/40 GBP10001.9%
7TULLETT PREBON PLC 5.25% 01/26/20241.9%
8FIRST QUANTUM MINERALS 6.75% BDS 15/02/20 USD2000 144A1.8%
9HSBC BK CAP FUNDING STERLING 2 VAR PERP1.8%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW AXA Framlington Managed Income fund invests solely in the AXA Framlington Managed Income fund, a UK authorised Unit Trust managed by AXA Investment Managers UK Limited.The underlying fund seeks to generate a high level of income with capital growth. Investment will be principally in convertible securities, corporate bonds and other fixed income securities (including government securities) of predominantly, but not exclusively, UK issuers. Investment will be in convertible and fixed interest securities which, in the Manager’s opinion, have yield and value characteristics which create attractive total return potential. The Manager may also invest, to a limited extent, in ordinary shares.The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors.The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default.The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values.Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units.It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.
Benchmark
  • IA £ Strategic Bond
Investment style
None,Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
George Luckraft09/09/2002George joined AXA Investment Managers in 2002 and is the lead fund manager for the AXA Framlington Equity Income, AXA Framlington Managed Income and AXA Framlington Monthly Income Funds. Previously he worked for Carrington Pembroke (subsequently ABN AMRO and now Artemis Unit Trust Managers) where he was Head of UK Equities. George graduated from Cambridge with a degree in Engineering and Land Economy in 1980.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW AXA Framlington Managed Income Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.83%
Bid price1212.1
Offer price1275.8
Mid price-
CurrencyGBX
Price updated23/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeKS82
OMW AXA Framlington Managed Income SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price1601.4
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZX50
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.