Fact sheet: OMW BlkRkFixedIncGblOpps

Fund information
Fund name
OMW BlackRock Fixed Income Global Opportunities Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Scott Thielsince 31/08/2011
  • Rick Riedersince 19/03/2015
  • Bob Millersince 19/03/2015
Underlying fund
BlackRock Fixed Inc Gbl Opps
Fund objective
The OMW BlackRock Fixed Income Global Opportunities fund invests solely in the BlackRock Fixed Income Global Opportunities fund, a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The underlying fund seeks to achieve a total return over the medium to long term. The underlying fund invests primarily in fixed income transferable securities and money-market instruments denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure will typically be hedged back to sterling in whole or in part. 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 invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. 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. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.2%
1 Year rank in sector
159/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£0m (£0m 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.
18
Bid price
110.3
Offer price
116.1
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc8.3%
AXA Wealth AXA Fram Mgd Inc Pn8.2%
Canlife AXA Fram Mgd Inc Pn8.1%
FL Artemis Stra Bd AP7.8%
FL Artemis Strategic Bond Pn7.4%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • USA84.4%
    Money Market10.6%
    Brazil3.4%
    EU3.3%
    Japan3.1%
  • Investment Grade Bonds45%
    Asset/Mortgage-Backed Securities28.9%
    Money Market10.6%
    High Yield Bond8.6%
    Government Bonds4.6%
  • Global Fixed Interest93.5%
    Money Market10.6%
    Alternative Assets0.9%
    International Equities0.4%
    Alternative Investment Strategies-5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-1.3%0.2%5.6%4.4%
Sector-1%-1.6%2.8%4.5%12.4%39.8%
Rank within sector19 / 17221 / 172151 / 172159 / 168139 / 155143 / 143
Quartile1st1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.6%0.6%5.5%-4.7%0.3%
Sector5.3%0.7%5.6%5.9%15.8%
Rank within sector161 / 16884 / 16372 / 155150 / 151142 / 143
Quartile4th3rd2nd4th4th
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.
-1.14
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.
0.51
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%.
3.99
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.
3.94
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.
-0.82
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.
0.16
Price movement
52 week high110.8
52 week low107.9
Current bid price110.3
Current offer price116.1
Current mid price-
Region
1USA84.42%
2Money Market10.63%
3Brazil3.35%
4EU3.27%
5Japan3.07%
6UK3.06%
7Argentina1.77%
8Cayman Islands1.48%
9Turkey0.92%
Industry sector
1Investment Grade Bonds45.02%
2Asset/Mortgage-Backed Securities28.86%
3Money Market10.63%
4High Yield Bond8.59%
5Government Bonds4.59%
6Debt3.93%
7Others1.79%
8Government Agency Bonds-1.51%
9Derivatives-1.9%
Asset type
1Global Fixed Interest93.49%
2Money Market10.63%
3Alternative Assets0.94%
4International Equities0.41%
5Alternative Investment Strategies-5.47%
Individual holdings
1TREASURY NOTE (OLD) 1.125 09/30/202111.45%
2TREASURY NOTE (2OLD) 0.75 08/15/20194.72%
3TREASURY NOTE (OLD) 0.75 09/30/20183.4%
4JAPAN(GOVERNMENT OF) 0.1% BDS 15/09/17 JPY10002.11%
5TREASURY (CPI) NOTE 0.125 04/15/20192.02%
6TREASURY (CPI) NOTE 0.125 04/15/20211.73%
7TREASURY (CPI) NOTE 0.625 01/15/20261.41%
8TREASURY (CPI) NOTE 0.125 04/15/20201.38%
9TREASURY (CPI) NOTE 0.125 07/15/20261.38%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW BlackRock Fixed Income Global Opportunities fund invests solely in the BlackRock Fixed Income Global Opportunities fund, a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The underlying fund seeks to achieve a total return over the medium to long term. The underlying fund invests primarily in fixed income transferable securities and money-market instruments denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure will typically be hedged back to sterling in whole or in part. 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 invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. 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. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Scott Thiel31/08/2011Scott Thiel, Managing Director, is BlackRock's Deputy Chief Investment Officer of Fixed Income, Fundamental Portfolios, and Head of European and & Global Bonds. He is a member of the Fixed Income Executive Committee and the EMEA Executive Committee. Mr. Thiel is a member of BlackRock's Leadership Committee. Prior to joining BlackRock in 2002, Mr. Thiel was a Vice President at Goldman Sachs & Co. During his thirteen years there, he was responsible for developing strategies in both US and international interest rate and derivative markets for institutional money managers. Mr. Thiel earned a BA degree in American history from Princeton University in 1987.
Rick Rieder19/03/2015Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Fundamental Fixed Income, Co-head of Americas Fixed Income and a member of the Executive Committee of the firm-wide Alpha Strategy business, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury. Mr. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was recently elected as the 2013 inductee into the Fixed Income Analysts Society Fixed Income Hall of Fame. From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta. Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Investment Committee and is the Vice Chairman of the Finance Committee, and founder and chairman of the business school's BBA investment fund and community financial literacy program. Mr. Rieder serves as Chairman of the Board of North Star Academy's nine Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and the boards of Big Brothers/Big Sisters of Newark and Essex County and the Newark Youth Foundation.
Bob Miller19/03/2015Bob Miller, Managing Director, is a member of the Multi-Sector Mutual Fund team within BlackRock Fundamental Fixed Income Portfolio Management Group. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds. Prior to joining BlackRock in 2011, Mr. Miller was a Co-Founder and Partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety of roles, most recently as senior portfolio manager for the bank's proprietary multi-asset class investment portfolio. Mr. Miller managed global equity and credit, global interest rate derivative, and sovereign debt portfolios during his tenure at Bank of America. Mr. Miller is a Trustee of Davidson College, a member of the Executive Committee and Chairman of the Investment Committee. He is also actively involved with the Davidson July Experience program. Mr. Miller is a Trustee and past Chairman of the Board at Trinity Episcopal School in Charlotte, N.C. He earned a BA degree in economics from Davidson College in 1984.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW BlackRock Fixed Income Global Opportunities Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.85%
Bid price110.3
Offer price116.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1A2
OMW BlackRock Fixed Income Global Opportunities SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price123.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1A3
Data provided by

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