Fact sheet: OMW Fundsmith Equity

Fund information
Fund name
OMW Fundsmith Equity Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Terry Smithsince 01/11/2010
Underlying fund
Fundsmith Equity
Fund objective
The OMW Fundsmith Equity Fund invests solely in the Fundsmith Equity Fund, a UK authorised Investment Company with Variable Capital, managed by Fundsmith LLP. The aim of the underlying fund is to achieve long term growth in value by investing in equities on a global basis. 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 invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. 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. 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
  • MSCI World
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
20.2%
1 Year rank in sector
354/961
Sector
PN Global Equities
Yield
-
Fund size
£21m (£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.
93
Bid price
223.5
Offer price
235.2
Top in this sector
Fund name1 Year
RLP Dimensional Gbl Targeted Val Pn32.3%
Aviva M&G Global Div Pn32.1%
LV= M&G Global Div Pn31.9%
OMW IPL M&G Global Dividend Pn31.8%
Stan Life M&G Global Dividend Pn31.8%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA63.9%
    UK20.4%
    Spain5.4%
    Finland3.2%
    Money Market2.6%
  • Consumer Staples36.2%
    Technology25.2%
    Health Care24.6%
    Industrials7.6%
    Consumer Discretionary3.8%
  • US Equities63.9%
    UK Equities20.4%
    Spanish Equities5.4%
    Finnish Equities3.2%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.6%-4%9.2%20.2%68%135.8%
Sector0%1.4%13.3%17.3%33.2%74%
Rank within sector1032 / 10391003 / 1035899 / 1025354 / 9611 / 8492 / 751
Quartile4th4th4th2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund17.6%14.7%22.8%23.1%13.1%
Sector16.4%3.7%7.8%21.4%11.2%
Rank within sector437 / 9636 / 9211 / 849358 / 820238 / 752
Quartile2nd1st1st2nd2nd
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.
9.24
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.
0.99
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.
1.41
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%.
11.64
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.
5.82
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.
1.54
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.
0.75
Price movement
52 week high247
52 week low179.9
Current bid price223.5
Current offer price235.2
Current mid price-
Region
1USA63.9%
2UK20.4%
3Spain5.4%
4Finland3.2%
5Money Market2.6%
6France2.2%
7Switzerland2%
8Others0.3%
Industry sector
1Consumer Staples36.2%
2Technology25.2%
3Health Care24.6%
4Industrials7.6%
5Consumer Discretionary3.8%
6Money Market2.6%
Asset type
1US Equities63.9%
2UK Equities20.4%
3Spanish Equities5.4%
4Finnish Equities3.2%
5Money Market2.6%
6French Equities2.2%
7Swiss Equities2%
8International Equities0.3%
Individual holdings
No data available.
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Fundsmith Equity Fund invests solely in the Fundsmith Equity Fund, a UK authorised Investment Company with Variable Capital, managed by Fundsmith LLP. The aim of the underlying fund is to achieve long term growth in value by investing in equities on a global basis. 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 invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. 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. 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
  • MSCI World
Investment style
No data available.
Investment method
Shares
Fund manager
NameSinceBiography
Terry Smith01/11/2010Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974-83 and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984-89. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000 he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London Stock Exchange five months later. In 2003 Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006 with Terry remaining CEO of Tullett Prebon until September 2014. In 2010 he founded Fundsmith where he is CEO and CIO. In 2012 he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations following the success of his campaign to commemorate the New Zealander, Air Marshal Sir Keith Park.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Fundsmith Equity Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.23%
Bid price223.5
Offer price235.2
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0HEL
OMW Fundsmith Equity SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price244.4
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0HEM
Data provided by

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