Fact sheet: OMW Henderson Strategic Bond

Fund information
Fund name
OMW Henderson Strategic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • John Pattullosince 21/10/1999
  • Jenna Barnardsince 01/01/2006
Underlying fund
Henderson Strategic Bond
Fund objective
The OMW Henderson Strategic Bond Fund invests solely in the Henderson Strategic Bond Fund, a sub fund of Henderson UK & Europe Funds ICVC, a UK authorised Open Ended Investment Company managed by Henderson Investment Funds Limited. The aim of the underlying fund is to provide a return by investing in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares and other bonds. The underlying fund may also invest in equities. The underlying fund will take strategic asset allocation decisions between countries, asset classes, sectors and credit ratings. The underlying fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes. 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, or borrow to invest ('gearing'). This can make the fund more volatile and investors should expect above average price increases or decreases. 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
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
3.1%
1 Year rank in sector
146/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£10m (£12m 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.
24
Bid price
1172.3
Offer price
1234
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.4%
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OMW AXA Framlington Mgd Inc9.4%
FL Artemis Stra Bd AP8.3%
FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • North America33.6%
    UK30.2%
    Europe22.5%
    Money Market10.7%
    Asia Pacific2%
  • BBB37.6%
    BB23.5%
    Money Market10.9%
    A7.4%
    B7%
  • Global Investment Grade Fixed Interest46.3%
    UK High Yield Fixed Interest11.9%
    European High Yield Fixed Interest11.5%
    Money Market10.7%
    North American High Yield Fixed Interest9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-3.1%1.2%3.1%13%39.6%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector143 / 172148 / 172146 / 172146 / 16887 / 15580 / 143
Quartile4th4th4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.5%2.1%6.5%4.4%18.3%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector147 / 16849 / 16348 / 155104 / 15153 / 143
Quartile4th2nd2nd3rd2nd
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.
-0.07
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.
1.06
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.
0.19
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%.
3.58
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.
1.11
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.
0.15
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.
0.91
Price movement
52 week high1212.2
52 week low1109.7
Current bid price1172.3
Current offer price1234
Current mid price-
Region
1North America33.65%
2UK30.15%
3Europe22.52%
4Money Market10.7%
5Asia Pacific2.04%
6Japan0.93%
Industry sector
1BBB37.6%
2BB23.5%
3Money Market10.9%
4A7.4%
5B7%
6Others6.9%
7AAA2.5%
8CCC2.3%
9Non-Rated1%
Asset type
1Global Investment Grade Fixed Interest46.26%
2UK High Yield Fixed Interest11.86%
3European High Yield Fixed Interest11.48%
4Money Market10.7%
5North American High Yield Fixed Interest9.02%
6North American Fixed Interest4.98%
7Asia Pacific ex Japan Government Fixed Interest2.04%
8European Fixed Interest1.94%
9Preference Shares1.17%
Individual holdings
1AUSTRALIA(COMMONWEALTH OF) 1.75% BDS 21/11/20 AUD1002%
2DIAMOND 1 FIN/DIAMOND 2 8.1% BDS 15/07/36 USD1000 REG S1.6%
3BARCLAYS BANK 6.278% 20491.5%
4BNP PARIBAS 7.195% 20491.4%
5HBOS STERLING FINANCE JERSEY 7.881% 20491.4%
6DAILY MAIL & GENERAL TRUST 5.75% BDS 7/12/18 GBP(VAR)1.3%
7SKY PLC 3.75% SNR UNSEC NTS 16/09/24 USD 144A1.3%
8BUPA FINANCE 6.125% 20491.2%
9HSBC BANK CAPITAL FUNDING STERLING 1 5.844% 20491.2%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Henderson Strategic Bond Fund invests solely in the Henderson Strategic Bond Fund, a sub fund of Henderson UK & Europe Funds ICVC, a UK authorised Open Ended Investment Company managed by Henderson Investment Funds Limited. The aim of the underlying fund is to provide a return by investing in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares and other bonds. The underlying fund may also invest in equities. The underlying fund will take strategic asset allocation decisions between countries, asset classes, sectors and credit ratings. The underlying fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes. 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, or borrow to invest ('gearing'). This can make the fund more volatile and investors should expect above average price increases or decreases. 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
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
John Pattullo21/10/1999John 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 Barnard01/01/2006Jenna 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Henderson Strategic Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.05%
Bid price1172.3
Offer price1234
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeS393
OMW Henderson Strategic Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price1544.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZX82
Data provided by

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