Fact sheet: OMW Aberdeen Abst Ret Bd

Fund information
Fund name
OMW Aberdeen Absolute Return Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Global Credit Teamsince 27/08/2015
Underlying fund
Aberdeen Absolute Rtn Bd
Fund objective
The OMW Aberdeen Absolute Return Bond fund invests solely in the Aberdeen Absolute Return Bond fund, a sub-fund of Aberdeen Investment Funds UK ICVC II, a UK authorised investment company with variable capital managed by Aberdeen Fund Managers Limited. The aim of the underlying fund is to achieve a positive capital return, regardless of market conditions over rolling 12-month periods. There is no guarantee that a positive return will be achieved over any time period and capital may be at risk. Investors may not get back the full amount originally invested. The physical assets (i.e. assets other than derivatives) in which the underlying fund invests (directly or indirectly) will predominantly consist of fixed interest securities (including government and supranational bonds, corporate bonds, non-investment grade bonds and emerging markets debt), index linked securities, money market instruments, cash, near cash, and deposits. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. 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 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. The underlying fund, or some of its underlying assets, may hold derivatives, 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 the provider of derivatives fails to honour their obligation. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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 adjustments and the OMW investment process.
Benchmark
  • 3 Month LIBOR
Investment style
Absolute Return,High Yield
Investment method
Feeder fund, Fixed Interest, Money Market
Quick stats
1 Year return
-0.3%
1 Year rank in sector
449/514
Sector
PN Specialist
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.
11
Bid price
94.1
Offer price
99
Top in this sector
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L&G Nep Russia&Gtr Russia Pn48.2%
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Scot Eq JPM Emg Eur Eq Pn43.8%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • UK95.1%
    Europe6.7%
    Sweden5.9%
    Netherlands4.3%
    Italy3.9%
  • Financials92.7%
    Industrials36.4%
    Utilities8.4%
    Government Bonds7.6%
    Mortgage & Secured Bonds3.6%
  • UK Corporate Fixed Interest25.5%
    US Corporate Fixed Interest17.8%
    Money Market16.8%
    Futures13.4%
    German Corporate Fixed Interest7.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%1.1%-0.3%-6.5%3.8%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector236 / 546213 / 545413 / 531449 / 514380 / 386289 / 317
Quartile2nd2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.1%-1.7%-4.3%2.6%7%
Sector9.3%2%7.2%11%7.7%
Rank within sector429 / 514388 / 450381 / 388273 / 357198 / 318
Quartile4th4th4th4th3rd
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.
-2.45
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.
0.03
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%.
1.8
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.
6.03
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.
-1.34
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.
0.01
Price movement
52 week high94.5
52 week low92.2
Current bid price94.1
Current offer price99
Current mid price-
Region
1UK95.11%
2Europe6.65%
3Sweden5.89%
4Netherlands4.26%
5Italy3.91%
6China1.88%
7Russia1.68%
8Switzerland1.66%
9India1.64%
Industry sector
1Financials92.69%
2Industrials36.43%
3Utilities8.38%
4Government Bonds7.63%
5Mortgage & Secured Bonds3.59%
6Asset/Mortgage-Backed Securities3.26%
7Property Shares1.23%
8Derivatives-1.55%
9Others-51.66%
Asset type
1UK Corporate Fixed Interest25.45%
2US Corporate Fixed Interest17.78%
3Money Market16.78%
4Futures13.45%
5German Corporate Fixed Interest7.56%
6Dutch Corporate Fixed Interest4.26%
7French Corporate Fixed Interest3.49%
8Italian Corporate Fixed Interest2.73%
9Australian Corporate Fixed Interest1.88%
Individual holdings
1ROYAL BANK OF SCOTLAND 6.99% 29/10/2049-171.7%
2SKANDINAVISKA ENSKILDA FRN 19/11/181.7%
3DAIMLER AG 1.75% BDS 08/11/17 GBP10001.6%
4SOCIETE GENERALE 9.375% 29/09/49-191.5%
5YORKSHIRE WATER SERVICES BRADFD FIN 6% FXD/FLTG RTE NTS 24/04/25 GBP50000 B11.5%
6AVIVA 8.25% 29/4/2049-171.4%
7COOPORATIEVE RABOBANK UA 11% 29/12/2049-191.4%
8GENERAL MOTORS FINL CO FRN 09/05/191.3%
9JP MORGAN CHASE & CO FRN 30/05/171.3%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Aberdeen Absolute Return Bond fund invests solely in the Aberdeen Absolute Return Bond fund, a sub-fund of Aberdeen Investment Funds UK ICVC II, a UK authorised investment company with variable capital managed by Aberdeen Fund Managers Limited. The aim of the underlying fund is to achieve a positive capital return, regardless of market conditions over rolling 12-month periods. There is no guarantee that a positive return will be achieved over any time period and capital may be at risk. Investors may not get back the full amount originally invested. The physical assets (i.e. assets other than derivatives) in which the underlying fund invests (directly or indirectly) will predominantly consist of fixed interest securities (including government and supranational bonds, corporate bonds, non-investment grade bonds and emerging markets debt), index linked securities, money market instruments, cash, near cash, and deposits. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. 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 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. The underlying fund, or some of its underlying assets, may hold derivatives, 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 the provider of derivatives fails to honour their obligation. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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 adjustments and the OMW investment process.
Benchmark
  • 3 Month LIBOR
Investment style
Absolute Return,High Yield
Investment method
Feeder fund, Fixed Interest, Money Market
Fund manager
NameSinceBiography
Global Credit Team27/08/2015
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Aberdeen Absolute Return Bond Pn
Initial charge-
Annual charge-
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.82%
Bid price94.1
Offer price99
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEND7
OMW Aberdeen Absolute Return Bond SP
Initial charge-
Annual charge-
Min single investment£2,500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price99.9
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEND8
Data provided by

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