Fact sheet: OMW BlackRock UK Abs Alp

Fund information
Fund name
OMW BlackRock UK Absolute Alpha Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Nick Osbornesince 17/01/2008
  • Nigel Ridgesince 28/03/2013
Underlying fund
BlackRock UK Absolute Alpha
Fund objective
The OMW BlackRock UK Absolute Alpha fund invests solely in the BlackRock UK Absolute Alpha fund, a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The underlying fund seeks to achieve a positive absolute return for investors and, as such, the Fund will not be managed against any UK equity index. The Fund will seek to achieve this investment objective by taking long positions and using derivatives to take synthetic long and synthetic short investment positions. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager of the underlying fund charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the three month GBP LIBOR rate (“the Hurdle”). The fee is calculated daily and deducted once a year at the end of February.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
4.8%
1 Year rank in sector
404/536
Sector
PN Specialist
Yield
-
Fund size
£5m (£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.
28
Bid price
112
Offer price
117.8
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Performance snapshot

Holdings snapshot

  • UK100%
  • Consumer Services14.9%
    Financials13.3%
    Industrials7.8%
    Consumer Goods4.8%
    Telecommunications3.8%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%1.9%2.8%4.8%17.9%15.1%
Sector0.4%2.9%2.9%13.4%25.2%44.9%
Rank within sector129 / 559379 / 559237 / 551404 / 536245 / 397267 / 337
Quartile1st3rd2nd4th3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund0.7%1.3%6.6%6.3%2.3%
Sector3%11.6%2%7.2%11%
Rank within sector437 / 555425 / 51968 / 454171 / 392286 / 365
Quartile4th4th1st2nd4th
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.
2.97
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.
0.25
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.
0.29
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%.
4.63
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.
6.22
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.
-0.44
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.
0.1
Price movement
52 week high112
52 week low106.8
Current bid price112
Current offer price117.8
Current mid price-
Region
1UK100%
Industry sector
1Consumer Services14.86%
2Financials13.25%
3Industrials7.76%
4Consumer Goods4.76%
5Telecommunications3.75%
6Health Care3.2%
7Oil & Gas3.07%
8Utilities0.95%
9Technology-0.25%
Asset type
No data available.
Individual holdings
1RELX PLC5.89%
2BRITISH AMERICAN TOBACCO4.34%
3LLOYDS BANKING GROUP PLC3.43%
4CARNIVAL CORP2.8%
5TESCO2.78%
63I GROUP2.73%
7CRH2.62%
8WOLSELEY PLC2.57%
9ROYAL DUTCH SHELL2.49%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW BlackRock UK Absolute Alpha fund invests solely in the BlackRock UK Absolute Alpha fund, a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The underlying fund seeks to achieve a positive absolute return for investors and, as such, the Fund will not be managed against any UK equity index. The Fund will seek to achieve this investment objective by taking long positions and using derivatives to take synthetic long and synthetic short investment positions. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager of the underlying fund charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the three month GBP LIBOR rate (“the Hurdle”). The fee is calculated daily and deducted once a year at the end of February.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Nick Osborne17/01/2008Nick Osborne, CFA, Director and portfolio manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Portfolio Management Group. He co-manages the UK Absolute Alpha Fund and is responsible for managing UK equity portfolios for institutional and retail investors and also covers the Utilities and Telecommunications sectors.Mr Osborne's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. He began his career with MLIM in 1999 as an investment analyst on the UK and Emerging Market teams.Mr. Osborne earned a BSc in Economics from Bristol University in 1999.
Nigel Ridge28/03/2013Nigel Ridge is a member of the UK Equity Team and a member of the UK and Pan European Model Portfolio Team in London. He joined us in 1994 after six years at Schroder Investment Management. Nigel has a BSc from Loughborough University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW BlackRock UK Absolute Alpha Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.75%
Bid price112
Offer price117.8
Mid price-
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBFN2
OMW BlackRock UK Absolute Alpha SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price126.2
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBFN3
Data provided by

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