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
  • Nick Peterssince 20/01/2014
  • Eugene Philalithissince 01/05/2013
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
11.5%
1 Year rank in sector
70/151
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£4m (£2m 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.
34
Bid price
166
Offer price
174.7
Top in this sector
Fund name1 Year
Aegon BalancedPassiveLSPn25.4%
Aegon Balanced PassiveLS 2023Pn25.4%
Aegon Balanced PassiveLS 2022Pn23.2%
Aegon Balanced PassiveLS 2021Pn20.8%
Stan Life TM Levitas A Pn20.3%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK52.7%
    Ireland16.4%
    USA12.3%
    Others3.9%
    Guernsey3.3%
  • Financials39.6%
    Others12.2%
    Consumer Staples9.6%
    Industrials9.1%
    Utilities7.2%
  • Global Investment Grade Fixed Interest26.3%
    Global High Yield Fixed Interest23.1%
    International Equities14.3%
    UK Equities8.5%
    Global Fixed Interest7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%2.1%4.8%11.5%19%41%
Sector0.5%1.4%4.7%12.9%23.7%41.3%
Rank within sector102 / 17279 / 17281 / 17070 / 15167 / 12827 / 101
Quartile3rd2nd2nd2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.2%10.1%0.8%7.8%5.5%
Sector2.2%12.5%2.3%7.6%5.6%
Rank within sector51 / 17058 / 14183 / 13046 / 12148 / 108
Quartile2nd2nd3rd2nd2nd
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.
-0.97
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.
0.55
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.
2.12
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.
-0.59
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.
0.8
Price movement
52 week high166.5
52 week low148.2
Current bid price166
Current offer price174.7
Current mid price-
Region
1UK52.7%
2Ireland16.4%
3USA12.3%
4Others3.9%
5Guernsey3.3%
6Switzerland2.8%
7Germany2.4%
8Netherlands2.4%
9Japan2.3%
Industry sector
1Financials39.6%
2Others12.2%
3Consumer Staples9.6%
4Industrials9.1%
5Utilities7.2%
6Health Care7%
7Real Estate4.2%
8Consumer Discretionary3.5%
9Information Technology3.1%
Asset type
1Global Investment Grade Fixed Interest26.3%
2Global High Yield Fixed Interest23.1%
3International Equities14.3%
4UK Equities8.5%
5Global Fixed Interest7.8%
6Others7.8%
7Money Market6.2%
8Global Emerging Market Fixed Interest5.6%
9Property0.7%
Individual holdings
1FIDELITY ENHANCED INCOME W MONTHLY INC23.03%
2FIDELITY MONEYBUILDER INCOME ACC8.28%
3FIDELITY EXTRA INCOME FUND GROSS PAYING Y INCOME SHARES8.09%
4FF US HIGH YIELD A MDIST USD7.69%
5UK AGGREGATE BOND FUND GROSS PAYING ACCUMULATION SHARES4.87%
6FIDELITY FUNDS - ASIAN HIGH YIELD FUND A-MDIST-USD2.73%
7HICL INFRASTRUCTURE CO LTD2.51%
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
Nick Peters20/01/2014Nick Peters is Portfolio Manager in the Investment Solutions Group. Nick has 20 years of industry experience and joined Fidelity in 2012. Prior to joining Fidelity, Nick was a member of the multi-manager team at Barclays Wealth, responsible for UK and European Equities. He joined Barclays in 2010 from BAE Systems Pension Fund where he was responsible for the fund's external managers across asset classes. Prior to joining BAE Systems in 2009, Nick was an Equity Portfolio Manager at Henderson Global Investors. He was a Director within the Multi Strategy Equity team. He joined AMP Asset Management (which later merged with Henderson) in 1993. Nick holds a BA (Hons) in Economics and Statistics from Exeter University and is a Fellow of the Institute of Chartered Accountants in England & Wales (ICAEW).
Eugene Philalithis01/05/2013Eugene 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 price166
Offer price174.7
Mid price-
CurrencyGBX
Price updated22/05/2017
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 price187.2
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBFN6
Data provided by

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