Fact sheet: OMW Fidelity MultiAsset Inc

Fund information
Fund name
OMW Fidelity Multi Asset Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Eugene Philalithissince 30/04/2013
Underlying fund
Fidelity Mlti Ast Inc
Fund objective
The OMW Fidelity Multi Asset Income fund invests solely in the Fidelity Multi Asset Income fund, a sub fund of Fidelity Investment Funds IV, a UK authorised open-ended investment company with variable capital, managed by FIL Investment Services (UK) Limited.The underlying fund aims to achieve an income yield that is typically within a range of 4-6% per annum. There is no guarantee that the income target will be achieved by the underlying fund. The underlying fund invests primarily in funds (including funds managed by Fidelity) which provide global exposure to a mixture of asset classes.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 for investment purposes, 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.Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units/shares.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
Cautious
Investment method
Equity, Fixed Interest, Money Market
Quick stats
1 Year return
12.5%
1 Year rank in sector
43/154
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£4m (£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.
35
Bid price
165.1
Offer price
173.7
Top in this sector
Fund name1 Year
Aegon BalancedPassiveLSPn23.5%
Aegon Balanced PassiveLS 2023Pn23.4%
Aegon Balanced PassiveLS 2022Pn20.6%
Stan Life TM Levitas A Pn19.5%
Pru Dynamic Growth ll Pn19%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK49.9%
    Ireland15.8%
    USA11.4%
    Money Market5.2%
    Others3.8%
  • Financials38.6%
    Industrials10%
    Consumer Staples9.5%
    Utilities7.5%
    Others7.2%
  • Global Investment Grade Fixed Interest27.4%
    Global High Yield Fixed Interest23.8%
    International Equities14.1%
    UK Equities8.7%
    Others7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%3.6%3%12.5%21.1%41%
Sector0.8%2.6%3.3%12.2%24.6%39.1%
Rank within sector26 / 17723 / 17539 / 17143 / 15450 / 13015 / 98
Quartile1st1st1st2nd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund2.7%10.1%0.8%7.8%5.5%
Sector1.6%12.5%2.3%7.6%5.6%
Rank within sector19 / 17558 / 14486 / 13348 / 12451 / 111
Quartile1st2nd3rd2nd2nd
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.
-0.73
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.
0.96
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.
0.58
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%.
4.75
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.
2.15
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.
-0.48
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.
0.79
Price movement
52 week high165.3
52 week low146.7
Current bid price165.1
Current offer price173.7
Current mid price-
Region
1UK49.91%
2Ireland15.77%
3USA11.37%
4Money Market5.17%
5Others3.82%
6Guernsey3.19%
7Germany2.51%
8Japan2.26%
9Netherlands2.24%
Industry sector
1Financials38.59%
2Industrials10%
3Consumer Staples9.49%
4Utilities7.52%
5Others7.2%
6Health Care7.07%
7Money Market5.17%
8Real Estate4.29%
9Consumer Discretionary3.23%
Asset type
1Global Investment Grade Fixed Interest27.44%
2Global High Yield Fixed Interest23.76%
3International Equities14.12%
4UK Equities8.66%
5Others7.91%
6Global Fixed Interest6.34%
7Global Emerging Market Fixed Interest5.83%
8Money Market5.17%
9Property0.77%
Individual holdings
1FIDELITY ENHANCED INCOME W MONTHLY INC23.47%
2FIDELITY MONEYBUILDER INCOME ACC8.69%
3FIDELITY EXTRA INCOME FUND GROSS PAYING Y INCOME SHARES8.53%
4FF US HIGH YIELD A MDIST USD7.89%
5UK AGGREGATE BOND FUND GROSS PAYING ACCUMULATION SHARES5.06%
6FIDELITY FUNDS - ASIAN HIGH YIELD FUND A-MDIST-USD2.89%
7FIDELITY FUNDS - EMERGING MARKET LOCAL CURRENCY DEBT2.52%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Fidelity Multi Asset Income fund invests solely in the Fidelity Multi Asset Income fund, a sub fund of Fidelity Investment Funds IV, a UK authorised open-ended investment company with variable capital, managed by FIL Investment Services (UK) Limited.The underlying fund aims to achieve an income yield that is typically within a range of 4-6% per annum. There is no guarantee that the income target will be achieved by the underlying fund. The underlying fund invests primarily in funds (including funds managed by Fidelity) which provide global exposure to a mixture of asset classes.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 for investment purposes, 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.Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units/shares.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
Cautious
Investment method
Equity, Fixed Interest, Money Market
Fund managers
NameSinceBiography
Eugene Philalithis30/04/2013Eugene 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 Income Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.34%
Bid price165.1
Offer price173.7
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBFN5
OMW Fidelity Multi Asset Income SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price185.9
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBFN6
Data provided by

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