Fact sheet: OMW Aberdeen Strategic Bond

Fund information
Fund name
OMW Aberdeen Strategic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Pan European Credit Teamsince 10/09/2015
Underlying fund
Aberdeen Strategic Bond
Fund objective
The OMW Aberdeen Strategic Bond fund invests solely in the Aberdeen Strategic Bond fund, a sub fund of Aberdeen Investment Funds ICVC a UK authorised OEIC managed by Aberdeen Fund Managers Limited. The underlying fund seeks to provide a combination of income and capital growth by investing predominantly in global debt and debt related securities denominated in (or hedged back to) Sterling. 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. 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
  • No Specified Index
Investment style
Strategic Investment
Investment method
Feeder fund, Fixed Interest, Money Market
Quick stats
1 Year return
4.7%
1 Year rank in sector
78/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£0m (£4m 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.
25
Bid price
99.6
Offer price
104.8
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.1%
Canlife AXA Fram Mgd Inc Pn9%
OMW AXA Framlington Mgd Inc8.3%
FL Artemis Stra Bd AP8.1%
Aviva Art Strategic Bd Pn8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK82.2%
    France7.5%
    Netherlands6.2%
    Australia4.6%
    Italy3.8%
  • Financials36.7%
    Industrials36.6%
    Others8.4%
    Government Bonds6.6%
    Utilities5.4%
  • UK Corporate Fixed Interest38.2%
    Cash & Cash Equivalents28.4%
    US Corporate Fixed Interest8.4%
    French Corporate Fixed Interest7.6%
    Dutch Corporate Fixed Interest6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-1.8%2.9%4.7%11.2%37.7%
Sector-0.6%-1.6%2.7%4.7%12.7%39.1%
Rank within sector130 / 172107 / 17263 / 17278 / 168104 / 15590 / 143
Quartile4th3rd2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.8%0.5%4.6%4.9%16.4%
Sector5.5%0.7%5.6%5.9%15.8%
Rank within sector73 / 16890 / 163102 / 15597 / 15170 / 143
Quartile2nd3rd3rd3rd2nd
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.
-1.44
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.
1.27
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.
0.02
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%.
4.26
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.
1.48
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.
-0.26
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.
0.92
Price movement
52 week high101.6
52 week low90.6
Current bid price99.6
Current offer price104.8
Current mid price-
Region
1UK82.15%
2France7.52%
3Netherlands6.23%
4Australia4.64%
5Italy3.8%
6Switzerland3.58%
7Luxembourg2.64%
8India1.91%
9Spain1.75%
Industry sector
1Financials36.7%
2Industrials36.62%
3Others8.43%
4Government Bonds6.65%
5Utilities5.44%
6Asset/Mortgage-Backed Securities2.96%
7Property Shares2.04%
8Mortgage & Secured Bonds1.23%
9Derivatives-0.07%
Asset type
1UK Corporate Fixed Interest38.17%
2Cash & Cash Equivalents28.35%
3US Corporate Fixed Interest8.38%
4French Corporate Fixed Interest7.6%
5Dutch Corporate Fixed Interest6.23%
6Australian Corporate Fixed Interest3.85%
7Swiss Corporate Fixed Interest3.58%
8Italian Corporate Fixed Interest2.94%
9Money Market2.64%
Individual holdings
1HBOS CAP FUNDING 6.461%2.1%
2LLOYDS BANK 13% VAR PERP1.7%
3E.ON INTERNATIONAL FINANCE 6.375% EUR MED TRM NTS 7/6/32 GBP10001.6%
4AXA 6.6862% FRN PERP1.3%
5CHORUS LTD 6.75% MTN 06/04/20 GBP10001.3%
6TREASURY 4.25% GILT 07/12/49 GBP0.011.3%
7FCE BANK 2.727% 03/06/221.2%
8JAGUAR LAND ROVER PLC 5% BDS 15/02/22 GBP1000144A1.2%
9PRUDENTIAL 8.5% PERP1.2%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Aberdeen Strategic Bond fund invests solely in the Aberdeen Strategic Bond fund, a sub fund of Aberdeen Investment Funds ICVC a UK authorised OEIC managed by Aberdeen Fund Managers Limited. The underlying fund seeks to provide a combination of income and capital growth by investing predominantly in global debt and debt related securities denominated in (or hedged back to) Sterling. 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. 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
  • No Specified Index
Investment style
Strategic Investment
Investment method
Feeder fund, Fixed Interest, Money Market
Fund manager
NameSinceBiography
Pan European Credit Team10/09/2015
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Aberdeen Strategic 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)0.83%
Bid price99.6
Offer price104.8
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0GDZ
OMW Aberdeen Strategic 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)0.83%
Bid price-
Offer price-
Mid price105.8
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0GE0
Data provided by

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