Fact sheet: OMW Baring Strategic Bond

Fund information
Fund name
OMW Baring Strategic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Guy Dunhamsince 02/03/2015
Underlying fund
Baring Strategic Bond
Fund objective
The OMW Baring Strategic Bond Fund invests solely in the Baring Strategic Bond Fund, a UK authorised Unit Trust managed by Baring Fund Managers Limited. The aim of the underlying fund is to achieve long term capital growth together with income. The underlying manager will seek to achieve the objective by investing in government debt, corporate bond, and currency markets globally. The underlying fund will invest primarily in investment grade, sub-investment grade and unrated bonds issued by governments, sovereigns, supranationals and corporates in developed and emerging markets. 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. 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
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
-1.4%
1 Year rank in sector
457/514
Sector
PN Specialist
Yield
-
Fund size
£4m (£6m 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.
26
Bid price
474
Offer price
498.9
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus43.4%
ReAssure AL NptRu&GtrRus Pn42.9%
L&G Nep Russia&Gtr Russia Pn42.6%
Scot Eq JPM Emg Eur Eq Pn40.7%
OMW InvescoPerpetualEmgEurpn38.9%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • Not Specified67.5%
    Global Emerging Markets25.5%
    Money Market7%
  • No data available.
  • Global Fixed Interest67.5%
    Global Emerging Market Fixed Interest25.5%
    Money Market7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-2.6%-0.3%-1.4%3.1%-0%
Sector-0.2%-0.6%6.2%8.8%20.9%41.2%
Rank within sector429 / 546436 / 545459 / 531457 / 514333 / 386300 / 317
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.9%-2.2%6.7%-4.7%0.9%
Sector8.7%2%7.2%11%7.7%
Rank within sector456 / 514395 / 450157 / 388352 / 357287 / 318
Quartile4th4th2nd4th4th
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.
-1.5
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.
0.37
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%.
4.21
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.
5.17
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.
-1.02
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.
0.27
Price movement
52 week high487.3
52 week low469.9
Current bid price474
Current offer price498.9
Current mid price-
Region
1Not Specified67.5%
2Global Emerging Markets25.5%
3Money Market7%
Industry sector
No data available.
Asset type
1Global Fixed Interest67.5%
2Global Emerging Market Fixed Interest25.5%
3Money Market7%
Individual holdings
1BARING HIGH YIELD BOND FUND9.6%
2EURO BUND BOND FUTURE 12.16 (EUREX)(LG)9.4%
3US TREASURY 1.625% 15/05/269.2%
4SPAIN(KINGDOM OF) 3.75% BDS 31/10/18 EUR10008%
5ITALY(REPUBLIC OF) 3.5% BDS 01/06/18 USD10007.5%
6ITALY(REPUBLIC OF) 0.45% BDS 01/06/21 EUR10006.4%
7UNITED STATES OF AMER TREAS BONDS 0.625% BDS 31/05/17 USD10006.4%
8CITI IRS GBP FLOAT 05.196.1%
9US LONG BOND FUTURE 12.16 (CBOT)(LG)6%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Baring Strategic Bond Fund invests solely in the Baring Strategic Bond Fund, a UK authorised Unit Trust managed by Baring Fund Managers Limited. The aim of the underlying fund is to achieve long term capital growth together with income. The underlying manager will seek to achieve the objective by investing in government debt, corporate bond, and currency markets globally. The underlying fund will invest primarily in investment grade, sub-investment grade and unrated bonds issued by governments, sovereigns, supranationals and corporates in developed and emerging markets. 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. 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
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Guy Dunham02/03/2015Guy joined Barings in April as the Head of Global Aggregate and is responsible for managing a new Strategic Bond product and leading our Global Portfolio Construction Group. Prior to joining Barings, Guy worked for HSBC Global Asset Management where for three years he was the Head of Global Fixed Income and headed a team of 14 people. He also worked at the Bank for International Settlements in Basel as the Head of Portfolio Management and from 2000 to 2009 Guy held a variety of roles at J.P. Morgan including Head of UK and European Rates Strategy. Guy has also held the position of portfolio manager at Fleming Asset Management and Lazard Brothers Asset Management. Guy started his career as an Actuarial Analyst at Towers Perrin in 1986. Guy has an MA (Cantab) in Mathematics from Clare College, Cambridge University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Baring 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)0.94%
Bid price474
Offer price498.9
Mid price-
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeXK87
OMW Baring 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)0.94%
Bid price-
Offer price-
Mid price612
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZY68
Data provided by

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