Fact sheet: OMW Henderson UK Abs Rtn

Fund information
Fund name
OMW Henderson UK Absolute Return Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Luke Newmansince 01/03/2010
  • Ben Wallacesince 13/04/2009
Underlying fund
Henderson UK Absolute Return
Fund objective
The OMW Henderson UK Absolute Return Fund invests solely in the Henderson UK Absolute Return Fund, a sub fund of Henderson Investment Funds Series I, a UK authorised Open-Ended Investment Company (OEIC), managed by Henderson Investment Funds Limited. The aim of the underlying fund is achieve a positive absolute return over the long-term regardless of market conditions. The underlying fund aims to typically deliver absolute (more than zero) returns over a rolling 12 month period. An absolute return performance is not guaranteed over this specific, or any other, time period and consequently capital is in fact at risk. The underlying fund will typically invest at least 60% of its total assets, by taking long and short positions in equities or equity related derivative contracts of: companies having their registered office in the UK; and companies that do not have their registered office in the UK but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in the UK, or (iii) are a constituent of the FTSE All-Share Index. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager of the underlying fund charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the Bank of England base rate (“the Hurdle”). The fee is calculated daily and deducted quarterly at the end February, May, August and November.
Benchmark
  • Performance Fee Hurdle UK Base Rate
Investment style
Absolute Return,Long/Short
Investment method
Equity
Quick stats
1 Year return
1%
1 Year rank in sector
419/514
Sector
PN Specialist
Yield
-
Fund size
£5m (£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.
25
Bid price
135.8
Offer price
142.9
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Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%-0.3%-0.1%1%13.5%33.5%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector142 / 546279 / 545456 / 531419 / 514258 / 386184 / 317
Quartile2nd3rd4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund0.4%6.8%4.3%15.8%3.8%
Sector9.3%2%7.2%11%7.7%
Rank within sector424 / 51465 / 450269 / 38891 / 357257 / 318
Quartile4th1st3rd2nd4th
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.
2.03
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.
0.34
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.
0.18
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%.
3.59
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.
4.93
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.
-0.41
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.
0.31
Price movement
52 week high137
52 week low132.3
Current bid price135.8
Current offer price142.9
Current mid price-
Region
1UK100%
Industry sector
1Financials7.5%
2Consumer Services6.1%
3Technology4.1%
4Consumer Goods3.6%
5Industrials2.3%
6Health Care0.7%
7Telecommunications0.7%
8Oil & Gas0.5%
9Utilities0.5%
Asset type
No data available.
Individual holdings
1RELX NV8%
2AVIVA3.6%
3LEGAL & GENERAL GROUP3.1%
4ROYAL DUTCH SHELL2.6%
5UNILEVER2.3%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Henderson UK Absolute Return Fund invests solely in the Henderson UK Absolute Return Fund, a sub fund of Henderson Investment Funds Series I, a UK authorised Open-Ended Investment Company (OEIC), managed by Henderson Investment Funds Limited. The aim of the underlying fund is achieve a positive absolute return over the long-term regardless of market conditions. The underlying fund aims to typically deliver absolute (more than zero) returns over a rolling 12 month period. An absolute return performance is not guaranteed over this specific, or any other, time period and consequently capital is in fact at risk. The underlying fund will typically invest at least 60% of its total assets, by taking long and short positions in equities or equity related derivative contracts of: companies having their registered office in the UK; and companies that do not have their registered office in the UK but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in the UK, or (iii) are a constituent of the FTSE All-Share Index. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager of the underlying fund charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the Bank of England base rate (“the Hurdle”). The fee is calculated daily and deducted quarterly at the end February, May, August and November.
Benchmark
  • Performance Fee Hurdle UK Base Rate
Investment style
Absolute Return,Long/Short
Investment method
Equity
Fund managers
NameSinceBiography
Luke Newman01/03/2010Luke Newman joined Henderson as a fund manager in 2011 as part of the Gartmore acquisition. Prior to that, Luke worked at Gartmore from June 2009 after joining from Altima Partners LLP to manage the Alphagen Octanis & Gartmore UK Absolute Return funds. Previously, Luke was a UK Fund Manager at Deutsche Asset Management running high performance retail and institutional mandates before moving to Foreign & Colonial in 2005, where he launched the F&C Special Situations fund and subsequently the F&C Enhanced Alpha fund which took advantage of the UCITSIII regulations to introduce an active shorting strategy. Luke graduated from the University of Warwick with a BSc Hons in Economics & Politics.
Ben Wallace13/04/2009Ben Wallace joined Henderson as a fund manager in 2011 as part of the Gartmore acquisition. Prior to that, Ben worked with Luke Newman as a Senior Investment Manager at Gartmore. Before joining Gartmore in 2002, Ben worked at Deutsche Asset Management, where he managed UK equity funds from 1997-2002. Ben graduated from the University of Edinburgh with a BCom (Hons). He is also a member of the UK Society of Investment Professionals.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Henderson UK Absolute Return Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.48%
Bid price135.8
Offer price142.9
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPN9
OMW Henderson UK Absolute Return SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price151.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPO0
Data provided by

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