Fact sheet: OMW BlackRock Corporate Bd

Fund information
Fund name
OMW BlackRock Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Ben Edwardssince 30/05/2012
Underlying fund
BlackRock Corporate Bond
Fund objective
The OMW BlackRock Corporate Bond Fund invests solely in the BlackRock Corporate Bond Fund, a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The aim of the underlying fund is to maximise total return by investing principally in corporate bonds and other interest-bearing securities. Exposure to non sterling denominated assets will typically be hedged back to Sterling. 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. 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 adjustments and the OMW investment process.
Benchmark
  • BofA Merrill Lynch Sterling Corporate & Collateralized
Investment style
None
Investment method
None
Quick stats
1 Year return
5.6%
1 Year rank in sector
192/260
Sector
PN Sterling Corporate 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.
35
Bid price
120.8
Offer price
127.1
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn15.9%
BlackRock DC AqOv 15 YCrp BdIx HP13.7%
AEGON Long Core Plus Pn13.5%
MetLife Fid Corp Bd 16yr Pn12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.6%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK67.7%
    Money Market8.9%
    USA7.1%
    Switzerland4.4%
    France3.8%
  • Financials24.3%
    Industrials23.2%
    Government Bonds17.8%
    Utilities12.1%
    Asset/Mortgage-Backed Securities10.6%
  • Global Fixed Interest91.1%
    Money Market8.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-3%3.3%5.6%18.5%-
Sector-1.3%-4.7%2.4%6.8%18.8%39.5%
Rank within sector24 / 26526 / 26528 / 265192 / 260119 / 235-
Quartile1st1st1st3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%1.5%9.1%0.8%-
Sector7.5%0.2%10.5%1%13.5%
Rank within sector150 / 26028 / 246175 / 235137 / 226-
Quartile3rd1st3rd3rd
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.
0.73
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.
0.87
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.
0.46
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%.
4.86
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.
1.61
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.
0.91
Price movement
52 week high125.4
52 week low110.9
Current bid price120.8
Current offer price127.1
Current mid price-
Region
1UK67.69%
2Money Market8.87%
3USA7.06%
4Switzerland4.41%
5France3.81%
6Germany2.61%
7Italy1.69%
8Australia1.28%
9Jersey0.81%
Industry sector
1Financials24.34%
2Industrials23.23%
3Government Bonds17.76%
4Utilities12.09%
5Asset/Mortgage-Backed Securities10.57%
6Money Market8.87%
7Government Agency Bonds2.41%
8Mortgage & Secured Bonds0.73%
Asset type
1Global Fixed Interest91.13%
2Money Market8.87%
Individual holdings
1TREASURY 4.75% GILT 07/12/30 GBP5.7%
2TREASURY 2% GILT 07/09/25 GBP0.014.31%
3UNITED KINGDOM (GOVERNMENT OF) 0.5 07/22/20223.44%
4TREASURY 2.25% GILT 07/09/23 GBP2.5%
5BANK OF SCOTLAND PLC REGS 9.375 05/15/20212.02%
6NATIONAL WESTMINSTER BANK 6.5% NOTES 7/9/2021 GBP(VAR)1.88%
7CREDIT SUISSE GROUP FINANCE 7% BDS 5/10/2020 GBP10001.4%
8SCOTTISH WIDOWS LTD REGS 5.5 06/16/20231.4%
9NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001.32%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW BlackRock Corporate Bond Fund invests solely in the BlackRock Corporate Bond Fund, a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The aim of the underlying fund is to maximise total return by investing principally in corporate bonds and other interest-bearing securities. Exposure to non sterling denominated assets will typically be hedged back to Sterling. 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. 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 adjustments and the OMW investment process.
Benchmark
  • BofA Merrill Lynch Sterling Corporate & Collateralized
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Ben Edwards30/05/2012Ben Edwards, Director, is a member of the Sterling Bond Portfolio team within BlackRock Fundamental Fixed Income. Prior to joining BlackRock in 2010, Mr. Edwards was at Legal and General Investment Management from 2003 to 2009 where he was, most recently, a portfolio manager, responsible for both institutional and retail sterling corporate bond portfolios. He began his career as an Analyst at M&G in 2002 Mr. Edwards earned a Business degree from the Queensland University of Technology (Aust.) in 2000 and a post-graduate qualifications degree in Finance from the Financial Services Institute of Australia in 2002.
Compliance
UCITS III Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW BlackRock 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)0.8%
Bid price120.8
Offer price127.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7IF
OMW BlackRock 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)0.8%
Bid price-
Offer price-
Mid price131.4
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7IG
Data provided by

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