Fact sheet: OMW Henderson UK Prop PAIF Fdr

Fund information
Fund name
OMW Henderson UK Property PAIF Feeder Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Marcus Langlands Pearsesince 26/05/2016
  • Ainslie McLennansince 26/05/2016
Underlying fund
Henderson UK Prop PAIF Fdr
Fund objective
The OMW Henderson UK Property PAIF Feeder fund invests solely in the Henderson UK Property PAIF Feeder fund, a UK Authorised Unit Trust managed by Henderson Investment Funds Limited. The underlying fund seeks to achieve a high income together with some growth of both income and capital by investing solely in the Henderson UK Property PAIF at all times. 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. 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. This is a new underlying fund. If it does not reach a target size outlined by the Fund Group, the underlying investment charges and costs may become a higher proportion of the fund than expected, reducing the value of your investment. The value of property is generally a matter of a valuer's opinion rather than fact. In addition, property investments may not be readily saleable, which could lead to constraints on your ability to sell or switch from the fund. 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 adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Feeder fund
Quick stats
1 Year return
-4.6%
1 Year rank in sector
131/159
Sector
PN UK Direct Property
Yield
-
Fund size
£19m (£28m 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.
38
Bid price
93.3
Offer price
98.2
Top in this sector
Fund name1 Year
Guardian Choices Property Pn13.2%
Guardian Property Pn13.2%
OMW IPL Aviva Lm Prp Pn7.7%
FL Property AP5.9%
Aegon KamesProIncPn5.4%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • South East UK54.9%
    Midlands17.6%
    Money Market16.9%
    Wales7.1%
    Scotland3.4%
  • Retail - Property30.3%
    Money Market21.6%
    Offices - Property20.5%
    Industrial - Property16.1%
    Other - Property9.9%
  • Property81.6%
    Money Market16.9%
    Property Shares1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%3.4%-1.6%-4.6%15.2%30.3%
Sector0.3%2.4%-2.9%-1.3%24.3%32.8%
Rank within sector68 / 16174 / 16062 / 159131 / 159136 / 15486 / 149
Quartile2nd2nd2nd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-4.8%7.7%11.4%6.7%7.2%
Sector-2%9.7%14.3%6.9%1%
Rank within sector126 / 159127 / 158133 / 154102 / 1523 / 149
Quartile4th4th4th3rd1st
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.
-2.26
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.
0.96
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.
0.34
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%.
4.47
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.
3.02
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.
-0.85
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.
0.55
Price movement
52 week high99.46
52 week low89.3
Current bid price93.3
Current offer price98.2
Current mid price-
Region
1South East UK54.91%
2Midlands17.62%
3Money Market16.9%
4Wales7.13%
5Scotland3.44%
Industry sector
1Retail - Property30.34%
2Money Market21.65%
3Offices - Property20.51%
4Industrial - Property16.06%
5Other - Property9.94%
6Property Shares1.5%
Asset type
1Property81.6%
2Money Market16.93%
3Property Shares1.48%
Individual holdings
1RD PARK, HODDESDON3.16%
2169 UNION STREET, SE1, SOUTHWARK2.81%
3CAPITAL PARK, CAMBRIDGE2.5%
4DALTON PARK, MURTON, DURHAM2.2%
5ROBIN SHOPPING PARK, WIGAN1.99%
6K & N, DERBY COMMERCIAL PARK, DERBY1.91%
7TOWER RETAIL PARK, CRAYFORD1.89%
8DATA CENTRE, 3 KING GEORGE CLOSE, ROMFORD1.88%
9WINDSOR OFFICE PARK, WINDSOR1.76%
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 Property PAIF Feeder fund invests solely in the Henderson UK Property PAIF Feeder fund, a UK Authorised Unit Trust managed by Henderson Investment Funds Limited. The underlying fund seeks to achieve a high income together with some growth of both income and capital by investing solely in the Henderson UK Property PAIF at all times. 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. 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. This is a new underlying fund. If it does not reach a target size outlined by the Fund Group, the underlying investment charges and costs may become a higher proportion of the fund than expected, reducing the value of your investment. The value of property is generally a matter of a valuer's opinion rather than fact. In addition, property investments may not be readily saleable, which could lead to constraints on your ability to sell or switch from the fund. 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 adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Feeder fund
Fund managers
NameSinceBiography
Marcus Langlands Pearse26/05/2016Marcus Langlands Pearse has been working in the commercial property industry since 1991. He joined Henderson in 2009 following the acquisition of New Star Asset Management as a Director of UK Property. Marcus transferred to TH Real Estate in April 2014 as part of the joint venture between Henderson and TIAA-CREF. TH Real Estate is now solely owned by TIAACREF. Prior to joining Henderson, Marcus was employed at New Star as an assistant fund manager. He has also worked in private equity with a property focus and on the property investment and property finance teams at HypoVereinsbank. Marcus has as MA (Hons) in Geography from Edinburgh University.
Ainslie McLennan26/05/2016Ainslie McLennan has more than 17 years of property industry expertise. She joined Henderson in 2002 and has gained extensive experience running commercial property fund mandates investing both directly and indirectly in UK and European markets. Ainslie transferred to TH Real Estate in April 2014 as part of a joint venture between Henderson and TIAA-CREF. Ainslie is the Head of UK Balanced funds at TH Real Estate, which is now solely owned by TIAA-CREF. Prior to Henderson, Ainslie worked within a private property investment practice in Scotland. She is a member of the Royal Institution of Chartered Surveyors and the Investment Property Forum; Ainslie graduated from Aberdeen University with a Bachelor of Land Economy (Hons).
Compliance
Property Authorised Investment Funds
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Henderson UK Property PAIF Feeder Pn
Initial charge-
Annual charge-
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.52%
Bid price93.3
Offer price98.2
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZH28
OMW Henderson UK Property PAIF Feeder SP
Initial charge-
Annual charge-
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.52%
Bid price-
Offer price-
Mid price98.6
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZH29
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.