Fact sheet: OMW Fidelity MA Open Strat

Fund information
Fund name
OMW Fidelity Multi Asset Open Strategic Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • James Batemansince 05/02/2013
  • Eugene Philalithissince 01/02/2010
Underlying fund
Fidelity Ml Ass Op Sg
Fund objective
The OMW Fidelity Multi Asset Open Strategic Fund invests solely in the Fidelity Multi Asset Open Strategic Fund, a sub-fund of Fidelity Investment Funds IV, a UK authorised Open Ended Investment Company, managed by FIL Investment Services (UK) Limited. The aim of the underlying fund is to provide long term capital growth from exposure to global markets in mostly bonds and cash and it may also have exposure to equities, property and commodities. Derivatives and forward transactions may also be used for investment purposes. 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 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
No data available.
Investment method
No data available.
Quick stats
1 Year return
10.9%
1 Year rank in sector
132/461
Sector
PN Mixed Investment 20%-60% Shares
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.
43
Bid price
120.8
Offer price
127.1
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn31.9%
AXA Wealth TEAMS cl Gvn ptfl VPn22%
AXA Wealth TEAMS cl Gvn ptfl IVPn20.9%
FL Investec Cautious Mgd AP19.2%
Zurich Investec Caut Mgd Pn18.5%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • UK40%
    Money Market20.6%
    International14.4%
    North America12.3%
    Not Specified4.9%
  • Fixed Interest37.7%
    Equities36.8%
    Others20.6%
    Commodity & Energy8%
    Property3.6%
  • UK Fixed Interest23.3%
    Money Market20.6%
    UK Equities16.7%
    Global Fixed Interest14.4%
    North American Equities12.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%0.5%7.5%10.9%16.2%33.9%
Sector-0.2%-1.2%6.5%9.5%18.9%39.5%
Rank within sector115 / 52896 / 528164 / 517132 / 461220 / 398247 / 338
Quartile1st1st2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund11.1%-1.6%5.5%6.5%9.5%
Sector9.6%1.3%6%8.3%9.4%
Rank within sector125 / 462386 / 424176 / 398306 / 380182 / 338
Quartile2nd4th2nd4th3rd
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.
-0.21
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.
0.93
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.
0.27
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%.
5.28
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.
2.01
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.
-0.29
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.
0.86
Price movement
52 week high123.1
52 week low103.9
Current bid price120.8
Current offer price127.1
Current mid price-
Region
1UK40.02%
2Money Market20.62%
3International14.37%
4North America12.31%
5Not Specified4.89%
6Europe ex UK2.83%
7Global Emerging Markets2.19%
8Japan1.81%
9Pacific ex-Japan0.96%
Industry sector
1Fixed Interest37.7%
2Equities36.8%
3Others20.62%
4Commodity & Energy7.96%
5Property3.63%
6Derivatives-6.7%
Asset type
1UK Fixed Interest23.33%
2Money Market20.62%
3UK Equities16.7%
4Global Fixed Interest14.37%
5North American Equities12.31%
6Commodity & Energy7.96%
7Property3.63%
8Europe ex UK Equities2.83%
9Global Emerging Market Equities2.19%
Individual holdings
1FIDELITY INSTITUTIONAL UK AGGREGATE BOND GR13.96%
2ILF US DOLLAR FUND DIS C7.21%
3MAJEDIE UK EQUITY X ACC4.32%
4NATIXIS LOOMIS SAYLES GLOBAL OPPORTUNISTIC BOND H-S GBP4.19%
5FIDELITY STRATEGIC BOND INC4.08%
6FIDELITY GROSS ACCUMULATING CASH A GBP3.6%
7JOHCM UK DYNAMIC Y ACC3.43%
8ARTEMIS INCOME I ACC3.12%
9L&G ALL STOCKS GILT INDEX TRUST M ACC3%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Fidelity Multi Asset Open Strategic Fund invests solely in the Fidelity Multi Asset Open Strategic Fund, a sub-fund of Fidelity Investment Funds IV, a UK authorised Open Ended Investment Company, managed by FIL Investment Services (UK) Limited. The aim of the underlying fund is to provide long term capital growth from exposure to global markets in mostly bonds and cash and it may also have exposure to equities, property and commodities. Derivatives and forward transactions may also be used for investment purposes. 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 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
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
James Bateman05/02/2013James joined Fidelity in 2012, having previously worked at Barclays Wealth, Northern Trust Global Investments, Investment Manager Selection Limited and Mercer Management Consulting. He has an MA in Economics from the University of Cambridge. James leads our global manager research and portfolio management capabilities.
Eugene Philalithis01/02/2010Eugene Philalithis joined Fidelity in 2007 as a Portfolio Manager, with a focus on fixed income and alternatives. Eugene manages a number of multi asset funds with internal and open architecture for both retail and institutional clients. He has currently 17 years of investment experience which includes Russell Investment in London and Canadian Imperial Bank of Commerce in Singapore. Eugene has a Bachelor or Engineering and an MBA, both from Imperial College, London.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Fidelity Multi Asset Open Strategic Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.54%
Bid price120.8
Offer price127.1
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeR990
OMW Fidelity Multi Asset Open Strategic SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price136.9
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeR989
Data provided by

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