Fact sheet: OMW F&C Strategic Bond

Fund information
Fund name
OMW F&C Strategic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Rebecca Seabrooksince 19/11/2009
  • Keith Pattonsince 01/12/2012
Underlying fund
F&C Strategic Bond
Fund objective
The OMW F&C Strategic Bond fund invests solely in the F&C Strategic Bond fund, a sub fund of F&C Investment Funds ICVC III a UK authorised Investment Company with Variable Capital, managed by F&C Fund Management Limited. The aim of the underlying fund is to deliver a return through a combination of income and capital growth primarily through investment in corporate bonds. In addition, the underlying fund will invest in bonds issued by other entities including sovereigns and supranationals. 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
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
3.4%
1 Year rank in sector
153/168
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.
17
Bid price
150.8
Offer price
158.7
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc12.8%
Canlife AXA Fram Mgd Inc Pn12.8%
AXA Wealth AXA Fram Mgd Inc Pn12.6%
SJP Corporate Bond Pn12%
SIP BG Corporate Bd Pn11.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK96.1%
    Money Market3.9%
  • Banks21.7%
    Consumer Goods18.9%
    Non-Cyclical Goods9.7%
    Others8.7%
    Telecommunications8.7%
  • UK Fixed Interest96.1%
    Money Market3.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%0.1%-0.3%3.4%3.5%20.9%
Sector0.3%1.8%1.5%7.5%12.7%33.8%
Rank within sector153 / 174170 / 174148 / 172153 / 168148 / 157132 / 146
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-2.2%0.5%2.5%2.5%
Sector1.5%6.7%0.7%5.6%5.9%
Rank within sector170 / 174157 / 16889 / 163146 / 156133 / 152
Quartile4th4th3rd4th4th
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.
-1.44
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.
0.66
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%.
2.77
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.
2.07
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.
-1.36
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.
0.59
Price movement
52 week high151.8
52 week low145.2
Current bid price150.8
Current offer price158.7
Current mid price-
Region
1UK96.1%
2Money Market3.9%
Industry sector
1Banks21.73%
2Consumer Goods18.93%
3Non-Cyclical Goods9.71%
4Others8.65%
5Telecommunications8.65%
6Industrials8.55%
7Mortgage & Secured Bonds6.05%
8Financial Services5.09%
9Insurance4.9%
Asset type
1UK Fixed Interest96.1%
2Money Market3.9%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.012.6%
2PARAGON GROUP OF COMPANIES 7% CALL SUB NTS 20/4/17 GBP(VAR)1.8%
3CORSAIR JERSEY LTD 314 5.697% 24 MAR 20171.7%
4EXPEDIA INC 2.5% BDS 03/06/22 EUR1000001.2%
5GLENCORE FINANCE EUROPE 5.5% BDS 03/04/22 GBP1000001.1%
6HYPO ALPE ADRIA BANK 2.375% 13 DEC 20221%
7AT&T INC0.9%
8PROVIDENT FINANCIAL 8% GTD BDS 23/10/19 GBP10000.9%
9SVENSKA HANDELSBANKEN AB 1% 06/09/20190.9%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW F&C Strategic Bond fund invests solely in the F&C Strategic Bond fund, a sub fund of F&C Investment Funds ICVC III a UK authorised Investment Company with Variable Capital, managed by F&C Fund Management Limited. The aim of the underlying fund is to deliver a return through a combination of income and capital growth primarily through investment in corporate bonds. In addition, the underlying fund will invest in bonds issued by other entities including sovereigns and supranationals. 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
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Rebecca Seabrook19/11/2009Rebecca has over 14 years of investment experience and is co-Head of UK Credit. She joined F&C in 2001 from Rothschild Asset Management. Rebecca has a BA in Accounting and Finance from the University of Wales and is a member of UK Society of Investment Professionals.
Keith Patton01/12/2012Keith plays a leading role in developing multi fixed income solutions across the group. Prior to joining the group in 2012 and after a brief period at Brevan Howard (the macro hedge fund) he became the global head of fixed income for UBS Wealth Management in Zurich and a member of the global asset allocation committee within the investment office. Keith began his career with the United Bank of Kuwait in 1990 as a global fixed income manager, moving to Robert Fleming in 1995 as a portfolio manager and head of European fixed income strategy. In 1997 he became a senior member of the fixed income team at Morgan Grenfell (rebranded Deutsche Asset Management) where he was a managing director and head of European fixed income strategy. In 2005 the DeAM London team was sold to Aberdeen Asset Management where he became the head of portfolio and product management. Keith has extensive experience in fixed income, asset allocation and portfolio construction roles and has managed portfolios on behalf of large corporations, central banks and government agencies. Keith graduated in 1989 from South Bank University in London with a BA (Hons) in Business Studies (specialising in Finance). He completed the Investment Management Programme at the London Business School in 1991.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW F&C 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)0.89%
Bid price150.8
Offer price158.7
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTM41
OMW F&C 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)0.89%
Bid price-
Offer price-
Mid price173
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTM42
Data provided by

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