Fact sheet: OMW Fidelity UK Smaller Cos

Fund information
Fund name
OMW Fidelity UK Smaller Companies Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Alex Wrightsince 29/02/2008
  • Jonathan Wintonsince 01/03/2013
Underlying fund
Fidelity UK Smaller Companies
Fund objective
The OMW Fidelity UK Smaller Companies fund invests solely in the Fidelity UK Smaller Companies fund, a sub-fund of Fidelity Investment Funds, a UK-authorised Open-Ended Investment Company managed by FIL Investments Services (UK) Limited. The underlying fund aims to achieve long term capital growth from a portfolio primarily made up of the shares of smaller capitalisation United Kingdom Companies. 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 vales. 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. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. 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
  • Numis Smaller Companies Index (ex-IC)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
4.7%
1 Year rank in sector
54/107
Sector
PN UK Smaller Companies
Yield
-
Fund size
£2m (£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.
77
Bid price
232.1
Offer price
244.3
Top in this sector
Fund name1 Year
OMW Prof Liontrust UK Sm Cos Pn11.8%
FL Old Mutual UK Sm Cos Pn11.7%
Aviva Art UK Sm Cos Pn11.3%
SIP Old Mut UK Sm Cos Pn10.5%
Aviva Schrdr UK Dyc Sml Cos Pn10%
...more in PN UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK87.1%
    Ireland6.1%
    Austria3.1%
    Germany1.5%
    Denmark1.1%
  • Industrials25.1%
    Consumer Discretionary19.3%
    Financials17.6%
    Real Estate9.6%
    Information Technology7.5%
  • UK Equities87.1%
    Irish Equities6.1%
    Austrian Equities3.1%
    German Equities1.5%
    Danish Equities1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%1.9%4%4.7%23.7%154.5%
Sector1.2%0.7%3.3%3.9%22.4%102%
Rank within sector71 / 11236 / 11162 / 10954 / 10751 / 1034 / 95
Quartile3rd2nd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund3.1%15.8%1.2%47.1%42.9%
Sector2.5%17.6%-2.3%37.9%24.8%
Rank within sector60 / 10778 / 10624 / 1037 / 1021 / 95
Quartile3rd3rd1st1st1st
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.
1.39
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.
0.81
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.
0.39
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%.
9.83
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.
4.38
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.
0.02
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.
0.85
Price movement
52 week high233.6
52 week low201.6
Current bid price232.1
Current offer price244.3
Current mid price-
Region
1UK87.1%
2Ireland6.1%
3Austria3.1%
4Germany1.5%
5Denmark1.1%
6Canada0.6%
7Italy0.6%
8Hong Kong0.3%
9France0.2%
Industry sector
1Industrials25.1%
2Consumer Discretionary19.3%
3Financials17.6%
4Real Estate9.6%
5Information Technology7.5%
6Consumer Staples6.8%
7Energy6.4%
8Materials4.2%
9Telecommunications Utilities2.1%
Asset type
1UK Equities87.1%
2Irish Equities6.1%
3Austrian Equities3.1%
4German Equities1.5%
5Danish Equities1.1%
6Canadian Equities0.6%
7Italian Equities0.6%
8Hong Kong Equities0.3%
9French Equities0.2%
Individual holdings
1FIDELITY INSTITUTIONAL LIQUIDITY GBP A DIS3.61%
2ICAP3.24%
3HOMESERVE3%
4CONWERT IMMOBILIEN INVEST SE2.98%
5LADBROKES CORAL GROUP PLC2.69%
6ESURE GROUP PLC2.67%
7ULTRA ELECTRONICS HLDGS2.58%
8BREWIN DOLPHIN HLDGS2.54%
9C&C GROUP2.44%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Fidelity UK Smaller Companies fund invests solely in the Fidelity UK Smaller Companies fund, a sub-fund of Fidelity Investment Funds, a UK-authorised Open-Ended Investment Company managed by FIL Investments Services (UK) Limited. The underlying fund aims to achieve long term capital growth from a portfolio primarily made up of the shares of smaller capitalisation United Kingdom Companies. 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 vales. 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. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. 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
  • Numis Smaller Companies Index (ex-IC)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alex Wright29/02/2008Alex Wright has over 14 years of investment experience in UK and European equity markets. He joined Fidelity in 2001 as a research analyst and has covered a number of sectors across the market capitalisation spectrum. He has managed the Fidelity Special Situations Fund since January 2014 and has been portfolio manager of the Fidelity UK Smaller Companies Fund since its launch in February 2008. He has also been responsible for managing Fidelity Special Values PLC since September 2012. Alex has a BSc (Economics) from Warwick University, where he graduated with First Class Honours, and he is also a CFA Charterholder.
Jonathan Winton01/03/2013Jonathan Winton is a London based portfolio manager who has 8 years of experience. Jonathan has done his BA Hons Politics in University of Nottingham. Previously he was managing Pan European Beverages & Tobacco(2011-2013), Pan European Small Cap Technology(2008-2011), Pan European Support Services(2005-2008). Jonathan started managing from February 2013.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Fidelity UK Smaller Companies Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.35%
Bid price232.1
Offer price244.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code07NU
OMW Fidelity UK Smaller Companies SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price254.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code07NV
Data provided by

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