Fact sheet: OMW Hdrsn Fxd IntMth IncAcc

Fund information
Fund name
OMW Henderson Fixed Interest Monthly Income Acc Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • John Pattullosince 05/04/2010
  • Jenna Barnardsince 05/04/2010
  • Nicholas Waresince 01/03/2014
Underlying fund
Henderson FxIntMtlyInc
Fund objective
The OMW Henderson Fixed Interest Monthly Income Fund invests solely in the Henderson Fixed Interest Monthly Income Fund, a UK authorised Unit Trust managed by Henderson Investment Funds Limited. The aim of the underlying fund is to achieve a high yield. The underlying fund will invest principally in fixed interest securities including preference shares. 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 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
  • IA £ Strategic Bond
Investment style
High Yield
Investment method
None, Fixed Interest
Quick stats
1 Year return
4.2%
1 Year rank in sector
96/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£3m (£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.
31
Bid price
128.3
Offer price
135
Top in this sector
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FL Artemis Strategic Bond Pn7.4%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • North America35.1%
    UK30.2%
    Europe29%
    Money Market5.2%
    Asia Pacific0.6%
  • Fixed Interest86.5%
    Debt6.3%
    Money Market5.4%
    Equities1.8%
    Derivatives0.2%
  • Global Fixed Interest92.8%
    Money Market5.4%
    International Equities1.8%
    Alternative Investment Strategies0.2%
    Foreign Exchange-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-2.5%2.4%4.2%15.5%-
Sector-1%-1.6%2.8%4.5%12.4%39.8%
Rank within sector125 / 172121 / 17299 / 17296 / 16842 / 155-
Quartile3rd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.6%3%6.3%7.1%-
Sector5.3%0.7%5.6%5.9%15.8%
Rank within sector105 / 16818 / 16354 / 15566 / 151-
Quartile3rd1st2nd2nd
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.
0.78
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.
1.1
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.
0.57
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%.
3.65
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.
1.28
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.
0.93
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.
0.88
Price movement
52 week high131.8
52 week low118.8
Current bid price128.3
Current offer price135
Current mid price-
Region
1North America35.07%
2UK30.16%
3Europe28.97%
4Money Market5.24%
5Asia Pacific0.57%
Industry sector
1Fixed Interest86.53%
2Debt6.27%
3Money Market5.36%
4Equities1.78%
5Derivatives0.18%
6Foreign Exchange-0.12%
Asset type
1Global Fixed Interest92.8%
2Money Market5.36%
3International Equities1.78%
4Alternative Investment Strategies0.18%
5Foreign Exchange-0.12%
Individual holdings
1CHARTER COMMUNICATIONS OPT LLC/CAP 6.484% BDS 23/10/45 USD2000 144A1.8%
2CO-OPERATIVE GROUP 2011 7.50% 20261.7%
3AT&T 4.75% 20461.6%
4NATIONWIDE BUILDING SOCIETY1.6%
5UBS GROUP 6.875% 20491.6%
6WACHOVIA CAPITAL TRUST III 5.5698% 20491.6%
7DIAMOND 1 FIN/DIAMOND 2 8.1% BDS 15/07/36 USD1000 REG S1.5%
8UNITYMEDIA KABELBW GMBH 3.75% BDS 15/01/27 EUR100000 144A1.5%
9ARDAGH PACKAGING FINANCE 6.75% NTS 15/05/24 EUR100000 REG S1.4%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Henderson Fixed Interest Monthly Income Fund invests solely in the Henderson Fixed Interest Monthly Income Fund, a UK authorised Unit Trust managed by Henderson Investment Funds Limited. The aim of the underlying fund is to achieve a high yield. The underlying fund will invest principally in fixed interest securities including preference shares. 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 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
  • IA £ Strategic Bond
Investment style
High Yield
Investment method
None, Fixed Interest
Fund managers
NameSinceBiography
John Pattullo05/04/2010John Pattullo is the Co-Head of Strategic Fixed Income at Henderson. With more than 20 years of experience investing in the credit markets, John co-manages a number of funds with Jenna Barnard. Prior to joining Henderson in 1997, John spent four years as a chartered accountant at PricewaterhouseCoopers. John has an MA (Hons) in Economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland and an Associate Member of the Society of Investment Professionals.
Jenna Barnard05/04/2010Jenna Barnard is Co-Head of Strategic Fixed Income, co-managing a number of funds alongside John Pattullo. Jenna joined Henderson in 2002 as a credit analyst and progressed to Credit Portfolio Manager in 2004. Prior to joining Henderson, Jenna worked as an investment analyst with Orbitex Investments. Jenna holds a first class BA (Hons) degree in Politics, Philosophy & Economics from Oxford University. She is a CFA charterholder, and an affiliate member of UKSIP. Jenna is a Member of the Society of Technical Analysts having passed the STA Diploma exam.
Nicholas Ware01/03/2014Nicholas Ware joined Henderson Global Investors as a Director of Loans in late 2009. In 2012, he joined the Retail Fixed Income Team as Director of Retail Fixed Income. Nicholas’ career began in 1995 when he joined PricewaterhouseCoopers and qualified as a Chartered Accountant; he then moved to Ford Credit where he was responsible for establishing its subsidiary in Sweden. After working there for two years Nicholas spent two years as at SEB Merchant Bank originating senior and mezzanine transactions in the Nordic market. He then spent two years at Ahli United Bank (UK) originating small and mid market private equity transactions. In 2004, Nicholas moved to credit fund manager New Amsterdam Capital Management as a Senior Credit Analyst and in 2005 moved to credit hedge fund manager Highland Capital Management as a Senior Portfolio Analyst in which he helped to build its European business. Nicholas graduated from Bournemouth University, with a BA Hons in Business Studies and is a qualified Chartered Accountant.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Henderson Fixed Interest Monthly Income Acc Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.07%
Bid price128.3
Offer price135
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0EU
OMW Henderson Fixed Interest Monthly Income Acc SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price139.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0EV
Data provided by

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