Fact sheet: OMW Invesco Perp Tactical Bd

Fund information
Fund name
OMW Invesco Perpetual Tactical Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Paul Readsince 01/02/2010
  • Paul Causersince 01/02/2010
Underlying fund
Invesco Perp Tactical Bd
Fund objective
The OMW Invesco Perpetual Tactical Bond fund invests solely in the Invesco Perpetual Tactical Bond fund, a sub-fund of Invesco Perpetual Fixed Interest Investment Series, a UK authorised Investment Company with Variable Capital, managed by Invesco Fund Managers Limited. The aim of the underlying fund is to achieve a high level of return through a combination of income and capital growth over the medium to long term. This will be achieved through a flexible allocation to corporate and government debt securities (which may be unrated or sub-investment grade), transferable securities, collective investment schemes, financial derivative instruments and cash. 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'), 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. 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
  • IA £ Strategic Bond
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
2.1%
1 Year rank in sector
152/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£1m (£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.
11
Bid price
131.4
Offer price
138.3
Top in this sector
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Aviva Art Strategic Bd Pn8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK38.5%
    USA35.6%
    Germany5.6%
    France5.4%
    Money Market4.4%
  • Government Bonds33.7%
    Banks30.9%
    Insurance8.2%
    Telecommunications4.5%
    Money Market4.4%
  • Global Corporate Fixed Interest60.5%
    Global Government Fixed Interest31.9%
    Money Market4.4%
    Global Index Linked1.8%
    Global Fixed Interest1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-0.2%0.8%2.1%6.6%40.8%
Sector-0.6%-1.6%2.7%4.7%12.7%39.1%
Rank within sector34 / 17238 / 172150 / 172152 / 168131 / 15575 / 143
Quartile1st1st4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.8%-0.7%4.5%4%26.2%
Sector5.5%0.7%5.6%5.9%15.8%
Rank within sector153 / 168133 / 163106 / 155113 / 1511 / 143
Quartile4th4th3rd3rd1st
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.
0.43
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.
0.44
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
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%.
1.99
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.
2.27
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.
-0.78
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.
0.5
Price movement
52 week high131.8
52 week low126.4
Current bid price131.4
Current offer price138.3
Current mid price-
Region
1UK38.52%
2USA35.58%
3Germany5.57%
4France5.35%
5Money Market4.43%
6Netherlands3.46%
7Italy2.66%
8Switzerland1.28%
9Spain1.15%
Industry sector
1Government Bonds33.69%
2Banks30.93%
3Insurance8.22%
4Telecommunications4.47%
5Money Market4.43%
6Foods3.68%
7Automobiles3.48%
8Media3.02%
9Oil & Gas2.16%
Asset type
1Global Corporate Fixed Interest60.52%
2Global Government Fixed Interest31.93%
3Money Market4.43%
4Global Index Linked1.76%
5Global Fixed Interest1.17%
6Alternative Investment Strategies0.19%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.5% NTS 15/12/16 USD1008.15%
2UNITED STATES OF AMER TREAS NOTES 0.635% NTS 31/12/16 USD10008.15%
3UNITED STATES OF AMER TREAS NOTES 0.625% TB 15/11/16 USD1005.7%
4UNITED STATES OF AMER TREAS NOTES 2.25% BDS 15/11/25 USD1005.07%
5LEGAL & GENERAL GROUP PERP PREF CALL CAP SECS GBP500003.23%
6BRITISH TELECOMMUNICATIONS CALL 6.625% NTS 23/06/17 GBP500003.04%
7SAFEWAY 6% NTS 10/01/17 GBP(VAR)2.99%
8SOCIETE GENERALE 8.875% NTS PERP GBP500002.93%
9WPP PLC 6% GTD BDS 04/04/17 GBP500002.61%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Invesco Perpetual Tactical Bond fund invests solely in the Invesco Perpetual Tactical Bond fund, a sub-fund of Invesco Perpetual Fixed Interest Investment Series, a UK authorised Investment Company with Variable Capital, managed by Invesco Fund Managers Limited. The aim of the underlying fund is to achieve a high level of return through a combination of income and capital growth over the medium to long term. This will be achieved through a flexible allocation to corporate and government debt securities (which may be unrated or sub-investment grade), transferable securities, collective investment schemes, financial derivative instruments and cash. 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'), 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. 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
  • IA £ Strategic Bond
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Read01/02/2010Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining our company in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.
Paul Causer01/02/2010Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Invesco Perpetual Tactical Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.08%
Bid price131.4
Offer price138.3
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIFA5
OMW Invesco Perpetual Tactical Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price145.6
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIFA6
Data provided by

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