Fact sheet: OMW Aberdeen Corporate Bond

Fund information
Fund name
OMW Aberdeen Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Pan European Credit Teamsince 16/07/2015
Underlying fund
Aberdeen Corporate Bond
Fund objective
The OMW Aberdeen Sterling Corporate Bond Fund solely invests in the Aberdeen Sterling Corporate Bond Fund, a sub-fund of Aberdeen Investment Funds ICVC, a UK authorised Open Ended Investment Company, managed by Aberdeen Unit Trust Managers Limited. The aim of the underlying fund is to produce an attractive level of income primarily through investment in a portfolio of investment grade debt, non-investment grade debt and debt-related securities. The fund may also invest in derivatives, including forwards, and in collective investment schemes, including those managed by the ACD or companies related to the ACD. 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 a provider of derivatives fails to honour their obligation. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest, Feeder fund
Quick stats
1 Year return
6.7%
1 Year rank in sector
130/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£4m (£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.
46
Bid price
101.8
Offer price
107.1
Top in this sector
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OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
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...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK64.6%
    USA9.8%
    France6.7%
    International4%
    Australia3.1%
  • Financials30.3%
    Industrials28.2%
    Utilities14.9%
    Others8.1%
    Government Bonds7.9%
  • UK Corporate Fixed Interest56.9%
    US Corporate Fixed Interest10.3%
    French Corporate Fixed Interest6.7%
    Futures4.2%
    Global Fixed Interest3.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-5.8%2.8%6.7%16.6%37.3%
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector244 / 265246 / 26590 / 265130 / 260175 / 235135 / 210
Quartile4th4th2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.5%-0.2%9.3%0.4%15.4%
Sector7.7%0.2%10.5%1%13.5%
Rank within sector142 / 260176 / 246168 / 235158 / 22659 / 210
Quartile3rd3rd3rd3rd2nd
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.
-1.38
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.
0.25
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%.
6.2
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.
1.45
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.
-0.45
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.
0.96
Price movement
52 week high108.6
52 week low92.6
Current bid price101.8
Current offer price107.1
Current mid price-
Region
1UK64.57%
2USA9.81%
3France6.68%
4International3.96%
5Australia3.12%
6Netherlands2.69%
7Europe2.59%
8Italy1.68%
9Mexico1.06%
Industry sector
1Financials30.28%
2Industrials28.16%
3Utilities14.95%
4Others8.09%
5Government Bonds7.94%
6Asset/Mortgage-Backed Securities5.26%
7Mortgage & Secured Bonds3.5%
8Property Shares1.83%
Asset type
1UK Corporate Fixed Interest56.92%
2US Corporate Fixed Interest10.29%
3French Corporate Fixed Interest6.68%
4Futures4.24%
5Global Fixed Interest3.91%
6European Fixed Interest3.56%
7Australian Corporate Fixed Interest3.12%
8Money Market2.79%
9Dutch Corporate Fixed Interest2.69%
Individual holdings
1BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500001.6%
2SSE 3.875%1.3%
3VERIZON COMMUNICATIONS INC 4.75% MTN 17/02/34 GBP1000001.2%
4FRIENDS LIFE HLDGS 8.25% 21/04/221.1%
5HSBC HLDGS 7% SUBORD NTS 07/04/38 GBP500001.1%
6ELECTRICITE DE FRANCE 6.125 02/06/341%
7HSBC HLDGS 6.50% NTS 20/05/24 GBP50000 `15`1%
8NATIONAL WESTMINSTER BANK 7.125% PERP1%
9BG ENERGY CAPITAL 6.5% CAP SECS BDS 30/11/72 EUR10000.9%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Aberdeen Sterling Corporate Bond Fund solely invests in the Aberdeen Sterling Corporate Bond Fund, a sub-fund of Aberdeen Investment Funds ICVC, a UK authorised Open Ended Investment Company, managed by Aberdeen Unit Trust Managers Limited. The aim of the underlying fund is to produce an attractive level of income primarily through investment in a portfolio of investment grade debt, non-investment grade debt and debt-related securities. The fund may also invest in derivatives, including forwards, and in collective investment schemes, including those managed by the ACD or companies related to the ACD. 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 a provider of derivatives fails to honour their obligation. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest, Feeder fund
Fund manager
NameSinceBiography
Pan European Credit Team16/07/2015
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Aberdeen 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)0.81%
Bid price101.8
Offer price107.1
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeV689
OMW Aberdeen 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)0.81%
Bid price-
Offer price-
Mid price108.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeV688
Data provided by

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