Fact sheet: OMW Allianz Strtgc Bd

Fund information
Fund name
OMW Allianz Strategic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Mike Riddellsince 30/11/2015
Underlying fund
Allianz Str Bd
Fund objective
The OMW Allianz Strategic Bond fund invests solely in the Allianz Strategic Bond fund, a sub fund of Allianz UK & European Investment Funds a UK authorised OEIC managed by Allianz Global Investors GmbH. The underlying fund seeks to maximise total return primarily through investment directly in debt securities issued by corporate, government, supranational institutions and local regional agencies or by gaining exposure indirectly through the use of derivatives, as well as any other security. The underlying fund will invest internationally although at least 80% of its assets shall be invested in Sterling denominated (or hedged back to Sterling) debt securities. 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 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
Fixed Interest
Quick stats
1 Year return
2.6%
1 Year rank in sector
152/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£1m (£1m 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.
31
Bid price
160.4
Offer price
168.8
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.4%
Canlife AXA Fram Mgd Inc Pn9.4%
OMW AXA Framlington Mgd Inc9.4%
FL Artemis Stra Bd AP8.3%
FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK95%
    Money Market5%
  • Government Bonds68.2%
    Corporate Bonds17.7%
    Government Guaranteed13.4%
    Money Market5%
    Mortgage & Secured Bonds1.5%
  • UK Fixed Interest95%
    Money Market5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%-5.1%-0.2%2.6%12.2%33.3%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector172 / 172171 / 172164 / 172152 / 16895 / 155103 / 143
Quartile4th4th4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.4%-0.3%9.3%0.9%15.8%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector149 / 168119 / 16310 / 155144 / 15179 / 143
Quartile4th3rd1st4th3rd
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.
-0.1
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.
1.04
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.
0.11
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%.
4.39
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.
2.86
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
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.
0.57
Price movement
52 week high169.1
52 week low153.5
Current bid price160.4
Current offer price168.8
Current mid price-
Region
1UK95%
2Money Market5%
Industry sector
1Government Bonds68.2%
2Corporate Bonds17.7%
3Government Guaranteed13.4%
4Money Market5%
5Mortgage & Secured Bonds1.5%
6Derivatives-5.8%
Asset type
1UK Fixed Interest95%
2Money Market5%
Individual holdings
1US TREASURY N/B FIX 1.750% 15.05.20237.04%
2ITALY(REPUBLIC OF) 1.6% BDS 01/06/26 EUR10005.91%
3US TREASURY N/B FIX 4.750% 15.02.20375.23%
4MEXICO(UNITED MEXICAN STATES) 8.5% BDS 13/12/18 MXN1004.57%
5US TREASURY N/B FIX 2.500% 15.02.20454.34%
6DENMARK(KINGDOM OF) 1.75% BDS 15/11/25 DKK0.014.25%
7UNITED STATES OF AMER TREAS NOTES 1.75% BDS 31/12/20 USD1003.87%
8SINGAPORE(GOVT OF) 3% BDS 01/09/24 SGD10003.45%
9JAPAN(GOVERNMENT OF) 0.4% BDS 20/03/56 JPY100000003.35%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Allianz Strategic Bond fund invests solely in the Allianz Strategic Bond fund, a sub fund of Allianz UK & European Investment Funds a UK authorised OEIC managed by Allianz Global Investors GmbH. The underlying fund seeks to maximise total return primarily through investment directly in debt securities issued by corporate, government, supranational institutions and local regional agencies or by gaining exposure indirectly through the use of derivatives, as well as any other security. The underlying fund will invest internationally although at least 80% of its assets shall be invested in Sterling denominated (or hedged back to Sterling) debt securities. 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 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
Fixed Interest
Fund managers
NameSinceBiography
Mike Riddell30/11/2015Mike Riddell joined Allianz Global Investors on October 1st 2015 as a fixed income portfolio manager. Mike has nearly 15 years’ experience in fixed income having worked with M&G in London for 12 years, running bond portfolios, and prior to that at Premier Asset Management. As well as depth of experience, Mike’s experience is broad, including not only UK Bonds but also emerging markets and global mandates. In March 2010, he became fund manager of the M&G Emerging Markets Bond Fund, the M&G International Sovereign Bond Fund and the M&G Index-Linked Bond Fund. At the same time, he was appointed deputy fund manager of the M&G Global Macro Bond Fund and the M&G Gilt & Fixed Interest Income Fund, taking over as lead manager of the latter fund in February 2014. Mike graduated from Birmingham University in 2001 with a BSc (Hons) in Money, Banking and Finance, and is a CFA charter holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Allianz Strategic Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.1%
Bid price160.4
Offer price168.8
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZI47
OMW Allianz Strategic Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price185.5
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZI48
Data provided by

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