Fact sheet: OMW Fidelity Long Bond

Fund information
Fund name
OMW Fidelity Long Bond Inst Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Ian Fishwicksince 17/11/2008
  • Timothy Fostersince 05/07/2015
Underlying fund
Fidelity Inst Long Bond
Fund objective
The OMW Fidelity Institutional Long Bond invests solely in the Fidelity Institutional Long Bond fund, a sub fund of Fidelity Institutional Funds a UK authorised OEIC managed by Fidelity Investment Services Ltd. The underlying fund seeks to achieve both capital growth and income. The underlying fund will obtain exposure mainly to UK and overseas gilts and other fixed interest securities. The underlying fund may invest directly in UK and overseas gilts and other fixed interest securities with a remaining maturity of at least 15 years or may achieve exposure indirectly through the use of derivatives. 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. 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 adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
13%
1 Year rank in sector
41/117
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£8m (£9m 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.
106
Bid price
437.8
Offer price
460.8
Top in this sector
Fund name1 Year
Ignis Standard Lg Gilt Pn25.5%
Stan Life L&G Ov15Yr IL GltIdx Pn23.6%
Pru Sup Lg Idx Lkd Pn16.4%
M&G PP Super Long Index Linked Pn16.3%
OMW M&G PP Lg Dted Corp Bd Pn15.7%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

  • UK82.3%
    USA3.3%
    France2.9%
    Australasia2.8%
    Middle East/ Africa2.3%
  • Government Bonds72.4%
    Investment Grade Bonds10%
    Financials7.3%
    Investment Grade Government Bonds3.2%
    Money Market1.8%
  • UK Gilts72.4%
    UK Fixed Interest23.2%
    Money Market1.8%
    Alternative Investment Strategies1.6%
    UK Corporate Fixed Interest1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%-12.7%1.9%13%40.6%42.8%
Sector-3.3%-10.1%4%13%38.2%45.1%
Rank within sector46 / 117109 / 119101 / 11841 / 11754 / 10555 / 92
Quartile2nd4th4th2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund14%0.4%24%-6.7%3.5%
Sector14.2%0%21.3%-4.3%6.5%
Rank within sector70 / 11824 / 11046 / 10584 / 10036 / 92
Quartile3rd1st2nd4th2nd
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.
-0.5
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.
1.12
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.
0.66
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%.
12.42
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.
2.49
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.
0.24
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.
0.97
Price movement
52 week high506
52 week low384.1
Current bid price437.8
Current offer price460.8
Current mid price-
Region
1UK82.32%
2USA3.27%
3France2.89%
4Australasia2.82%
5Middle East/ Africa2.26%
6Not Specified1.55%
7Germany1.16%
8Latin America1.06%
9Asia Pacific ex Japan1%
Industry sector
1Government Bonds72.38%
2Investment Grade Bonds10.01%
3Financials7.33%
4Investment Grade Government Bonds3.21%
5Money Market1.82%
6Foreign Exchange1.55%
7Others1.34%
8Asset/Mortgage-Backed Securities1.3%
9High Yield Bond1.06%
Asset type
1UK Gilts72.38%
2UK Fixed Interest23.19%
3Money Market1.82%
4Alternative Investment Strategies1.55%
5UK Corporate Fixed Interest1.06%
Individual holdings
1TREASURY 3.25% GILT 22/01/44 GBP0.0115.18%
2TREASURY 3.75% GILT 22/07/52 GBP0.0114.53%
3TREASURY 4.25% GILT 7/9/39 GBP0.0110.21%
4TREASURY 3.5% GILT 22/07/68 GBP0.017.53%
5TREASURY 4.75% GILT 07/12/38 GBP6.92%
6TREASURY 4.25% GILT 07/03/36 GBP0.013.77%
7TREASURY 4.25% GILT 07/12/49 GBP0.013.77%
8TREASURY 4.25% GILT 07/12/55 GBP0.013.6%
9TREASURY 4% GILT 22/01/60 GBP0.013.52%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Fidelity Institutional Long Bond invests solely in the Fidelity Institutional Long Bond fund, a sub fund of Fidelity Institutional Funds a UK authorised OEIC managed by Fidelity Investment Services Ltd. The underlying fund seeks to achieve both capital growth and income. The underlying fund will obtain exposure mainly to UK and overseas gilts and other fixed interest securities. The underlying fund may invest directly in UK and overseas gilts and other fixed interest securities with a remaining maturity of at least 15 years or may achieve exposure indirectly through the use of derivatives. 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. 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 adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ian Fishwick17/11/2008Ian Fishwick is responsible for managing Fidelity’s sterling bond strategies including separate accounts for institutional investors. Ian has 29 years of investment experience and has worked for Fidelity for the past 9 years. He has been a portfolio manager for over 25 years. Ian has held a range of senior positions within the asset management industry including: Head of UK Fixed Income at Credit Suisse Asset Management, Chief Investment Officer for Sun Life of Canada’s UK asset management business, Head of Fixed Income for Sun Life of Canada, and Portfolio Manager for Confederation Life. He has a Masters Degree in Natural Sciences from Cambridge University and is a Fellow of the Institute of Actuaries.
Timothy Foster05/07/2015Tim Foster is a Portfolio Manager within Fidelity International’s London-based fixed income team managing various money market and short-term bond funds. Tim joined Fidelity in 2003 as a Quantitative Analyst and progressed to become a Portfolio Manager in 2007. He has a BA MSc in Natural Sciences from Cambridge University and is a CFA Charterholder. He also has a Certificate in Quantitative Finance.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Fidelity Long Bond Inst Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.52%
Bid price437.8
Offer price460.8
Mid price-
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classInstitutional
Domicile-
Citi codeHP21
OMW Fidelity Long Bond Inst SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.52%
Bid price-
Offer price-
Mid price546.3
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZX25
Data provided by

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