Fact sheet: OMW AXA Sterling Corp Bond

Fund information
Fund name
OMW AXA Sterling Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Philip Roantreesince 01/10/2015
Underlying fund
AXA Sterling Corp Bond
Fund objective
The OMW AXA Sterling Corporate Bond fund invests solely in the AXA Sterling Corporate Bond fund, a sub fund of AXA Fixed Interest Investment ICVC, a UK authorised investment company with variable capital, managed by AXA Investment Managers UK Limited. The underlying fund aims to generate an income return combined with any capital growth. The underlying fund invests primarily in investment grade corporate bonds issued in the UK and overseas. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. 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. The underlying fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units/shares. 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
  • BofA Merrill Lynch Sterling Corporate & Collateralized
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
10.5%
1 Year rank in sector
46/259
Sector
PN Sterling Corporate 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.
39
Bid price
160.5
Offer price
168.9
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP16.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.8%
AEGON Long Core Plus Pn14.2%
AEGON UK Long Corporate Bond Pn14.1%
FL TEActv Bln Bd IE14%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%2.4%5.1%10.5%18.7%36.2%
Sector0.7%2.4%4.9%8.9%19.8%38.1%
Rank within sector168 / 263113 / 26297 / 26046 / 259143 / 230141 / 214
Quartile3rd2nd2nd1st3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.7%10.4%-0.9%9.2%-0.4%
Sector3%9.4%0.2%10.5%1%
Rank within sector41 / 26071 / 256218 / 242170 / 230197 / 221
Quartile1st2nd4th3rd4th
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.
-0.13
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.
0.98
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%.
5.43
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.
1.24
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.
-0.22
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.
0.95
Price movement
52 week high161.2
52 week low145.2
Current bid price160.5
Current offer price168.9
Current mid price-
Region
1UK99.19%
2Money Market0.81%
Industry sector
1BBB64.29%
2A22.68%
3AA4.95%
4BB3.63%
5AAA3.14%
6Money Market0.81%
7Non-Rated0.5%
Asset type
1UK Corporate Fixed Interest99.19%
2Money Market0.81%
Individual holdings
1ANNINGTON REPACKAGING NO.1 CLS`A`5.3236% BDS 10/1/23 GBP10000REG`S`1.7%
2LLOYDS BANK PLC 7.50% NTS 15/04/24 GBP1000001.4%
3MEADOWHALL FINANCE PLC 4.99% 01/12/20321.4%
4BL SUPERSTORES FINANCE PLC 5.27% 07/04/20251.3%
5MITCHELLS & BUTLERS FINANCE PLC 6.47% 09/15/20301.3%
6BPCE SA 5.25% BDS 16/04/29 GBP1000001.2%
7ELECTRICITY NORTH WEST LTD 8.875% BDS 25/3/26 GBP(REGD)1.2%
8NORTHUMBRIAN WATER FINANCE 6.875% GTD BDS 6/2/2023 GBP(VAR)(BR)1.2%
9NEXT 4.375% BDS 02/10/26 GBP10000001.1%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW AXA Sterling Corporate Bond fund invests solely in the AXA Sterling Corporate Bond fund, a sub fund of AXA Fixed Interest Investment ICVC, a UK authorised investment company with variable capital, managed by AXA Investment Managers UK Limited. The underlying fund aims to generate an income return combined with any capital growth. The underlying fund invests primarily in investment grade corporate bonds issued in the UK and overseas. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. 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. The underlying fund, or some of its underlying assets, may hold derivatives for investment purposes, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units/shares. 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
  • BofA Merrill Lynch Sterling Corporate & Collateralized
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Philip Roantree01/10/2015Phil joined AXA IM in 2014 as a Senior Portfolio Manager within the Sterling Credit team, managing both Active and Buy and Maintain portfolios. He is Lead Portfolio Manager for both the AXA Sterling Corporate Bond Fund and Sterling Strategic Bond Fund as well as Deputy Portfolio Manager for the AXA Sterling Credit Short Duration Bond Fund. He has nearly 30 years of experience managing Sterling Investment Grade Credit, including six years at New Star Asset Management, six years at Aberdeen Asset Management, and eight years at Prolific Asset Management.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW AXA Sterling Corporate Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price160.5
Offer price168.9
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFZW4
OMW AXA Sterling Corporate Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price179.1
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFZW5
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.