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 08/09/2002
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
8.3%
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
1165.5
Offer price
1226.8
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc8.3%
AXA Wealth AXA Fram Mgd Inc Pn8.2%
Canlife AXA Fram Mgd Inc Pn8.1%
FL Artemis Stra Bd AP7.8%
FL Artemis Strategic Bond Pn7.4%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK94.1%
    International4%
    Money Market1.9%
  • No data available.
  • UK Fixed Interest94.1%
    Global Fixed Interest4%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-0.2%6.1%8.3%16%51.8%
Sector-1%-1.6%2.8%4.5%12.4%39.8%
Rank within sector86 / 17231 / 1722 / 1721 / 16835 / 15529 / 143
Quartile2nd1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.3%0.4%5.2%9.5%18.4%
Sector5.3%0.7%5.6%5.9%15.8%
Rank within sector2 / 16893 / 16382 / 15530 / 15151 / 143
Quartile1st3rd3rd1st2nd
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.
0.65
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.
1.14
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.
0.45
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%.
4.7
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.
3.06
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.
0.4
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.
0.58
Price movement
52 week high1178.2
52 week low1026.5
Current bid price1165.5
Current offer price1226.8
Current mid price-
Region
1UK94.11%
2International3.98%
3Money Market1.91%
Industry sector
No data available.
Asset type
1UK Fixed Interest94.11%
2Global Fixed Interest3.98%
3Money Market1.91%
Individual holdings
1UK TSY 8 3/4 2017 8.75% 25/08/20173.4%
2RIO TINTO FINANCE PLC 4% NTS 11/12/29 GBP1000002.2%
3LADBROKES GROUP FINANCE 5.125% BDS 16/09/22 GBP1002.1%
4PREMIER FOODS PLC 6.5% BDS 15/03/21 GBP100000144A2.1%
5AA BOND CO LTD 5.50% 31/07/20222%
6ENTERPRISE INNS 6% SEC BDS 06/10/23 GBP1000001.9%
7IMPERIAL BRANDS FINANCE PLC 4.875% GTD NTS 07/06/32 GBP1000001.9%
8OLD MUTUAL PLC 6.376% PERP1.9%
9AVANTI COMMUNICATIONS GROUP PLC1.8%
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 Luckraft08/09/2002George 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)0.84%
Bid price1165.5
Offer price1226.8
Mid price-
CurrencyGBX
Price updated01/12/2016
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)0.84%
Bid price-
Offer price-
Mid price1536.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZX50
Data provided by

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