Fact sheet: OMW Fidelity Euro Bond

Fund information
Fund name
OMW Fidelity Euro Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • David Simnersince 19/03/2009
Underlying fund
Fidelity Euro Bond
Fund objective
The OMW Fidelity Euro Bond fund invests solely in the Fidelity Euro Bond fund, a Luxembourg authorised SICAV, managed by FIL Investments International. The aim of the underlying fund is to invest primarily in bonds denominated in Euro. 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 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. 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 ML Euro Large Cap
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
17.7%
1 Year rank in sector
55/133
Sector
PN Global Fixed Interest
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.
87
Bid price
125.2
Offer price
131.7
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn34.1%
Scot Eq AegonIntcEgMtsLclCrDtPn30.9%
OMW M&G Glbl Government Bond25.9%
Scot Eq Ovrss Crp Bd Trkr Pn24%
LV= BlackRock OseaCorBdTrk Pn23.8%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • International29.4%
    UK20.1%
    France15.3%
    Europe12%
    Germany10.3%
  • Government Bills49.8%
    Banks27.5%
    Insurance5.2%
    Non-Cyclical Consumer Goods3.9%
    Basic Industries2.7%
  • Global Fixed Interest29%
    UK Fixed Interest20.1%
    French Fixed Interest15.3%
    European Fixed Interest12%
    German Fixed Interest10.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5%-5.5%1.6%17.7%18.9%-
Sector2.6%-2.4%1.6%13%20.5%19.8%
Rank within sector4 / 146131 / 14583 / 14355 / 13372 / 111-
Quartile1st4th3rd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.6%19.1%-6.2%5.1%3.9%
Sector0.9%14.1%-0.3%6.1%-3.6%
Rank within sector46 / 14670 / 133121 / 12574 / 1116 / 105
Quartile2nd3rd4th3rd1st
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.
-2.65
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.
1.31
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.
0.21
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%.
9.48
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.
5.76
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.
-0.16
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.
0.66
Price movement
52 week high132.9
52 week low105.5
Current bid price125.2
Current offer price131.7
Current mid price-
Region
1International29.36%
2UK20.13%
3France15.34%
4Europe12.02%
5Germany10.32%
6USA9.13%
7Switzerland4.06%
8Not Specified-0.36%
Industry sector
1Government Bills49.82%
2Banks27.45%
3Insurance5.18%
4Non-Cyclical Consumer Goods3.92%
5Basic Industries2.68%
6Capital Goods2.6%
7Communications2.2%
8Utilities2.11%
9Cyclical Consumer Goods2.07%
Asset type
1Global Fixed Interest29%
2UK Fixed Interest20.13%
3French Fixed Interest15.34%
4European Fixed Interest12.02%
5German Fixed Interest10.32%
6US Fixed Interest9.13%
7Swiss Fixed Interest4.06%
Individual holdings
1SPAIN(KINGDOM OF) 2.75% BDS 31/10/24 EUR10009.42%
2IRELAND(REPUBLIC OF) 1% TR BDS 15/05/26 EUR16.6%
3ITALY(REPUBLIC OF) 4.5% BDS 01/03/24 EUR10005.84%
4GERMANY(FEDERAL REPUBLIC OF) 0% BDS 15/08/26 EUR0.015.68%
5FRANCE(GOVT OF) 0.5% BDS 25/05/26 EUR14.28%
6FRANCE(GOVT OF) 0% BDS 25/05/22 EUR13.16%
7ITALY (REPUBLIC OF)2.77%
8COOPERATIEVE RABOBANK UA 6.875% MTN 19/03/20 EUR10002.54%
9FRANCE(GOVT OF) 1.75% BDS 25/05/23 EUR10002.12%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Fidelity Euro Bond fund invests solely in the Fidelity Euro Bond fund, a Luxembourg authorised SICAV, managed by FIL Investments International. The aim of the underlying fund is to invest primarily in bonds denominated in Euro. 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 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. 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 ML Euro Large Cap
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Simner19/03/2009David Simner joined Fidelity in 1996, having previously started in the industry for NatWest Markets in 1995. His first eight years at Fidelity were as a quantitative analyst within the fixed income team and then, in 2004, he became Director of Quantitative Research in London. In 2007, David was promoted to the role of portfolio manager. In addition to being the manager of Fidelity's main European fixed income range since 2009, David has also had responsibility for the global fixed income range since 2007. He also leads the weekly Euro Bond strategy meeting. David is a Chartered Engineer and holds a B.Sc from Imperial College of Science and Technology in London.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Fidelity Euro Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.83%
Bid price125.2
Offer price131.7
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0T7I
OMW Fidelity Euro Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price136.7
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0T7J
Data provided by

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