Fact sheet: OMW JPM Global High Yield

Fund information
Fund name
OMW JPM Global High Yield Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Robert Cooksince 01/07/2005
  • Thomas Hausersince 01/07/2005
Underlying fund
JPM Global High Yield Bond
Fund objective
The OMW JPM Global High Yield Bond Fund invests solely in JPM Global High Yield Bond Fund, a sub fund of JPMorgan Fund ICVC, a UK authorised Open Ended Investment Company, managed by the JPMorgan Funds Limited. The aim of the underlying fund is to provide a high return from a diversified portfolio of bond and other debt securities. The fund will invest primarily in bond and other debt securities of issuers in developed countries. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. 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
High Yield
Investment method
No data available.
Quick stats
1 Year return
11.4%
1 Year rank in sector
18/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£2m (£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.
50
Bid price
161.5
Offer price
169.9
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn16.2%
Zurich Royal Lon Stg ExYldBd Pn15.8%
L&G High Income Pn15.5%
FL AXA Gbl High Inc EP15%
FL AXA Global High Income AP14.1%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA83.2%
    Money Market5.4%
    Luxembourg2.9%
    Canada2.3%
    Netherlands1.8%
  • Communications25.4%
    Non-Cyclical Consumer Goods15.1%
    Cyclical Consumer Goods14%
    Technology10%
    Energy9.6%
  • US Fixed Interest83.2%
    Money Market5.4%
    Luxembourg Fixed Interest2.9%
    Canadian Fixed Interest2.3%
    Dutch Fixed Interest1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%1.2%2%11.4%7.7%27.6%
Sector-0.5%1.9%3%10.7%15%38.4%
Rank within sector58 / 5854 / 5854 / 5718 / 5646 / 4945 / 47
Quartile4th4th4th2nd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.9%13.8%-5.3%1.5%5.9%
Sector1.6%11.2%-0.1%4.4%6.8%
Rank within sector51 / 587 / 5653 / 5443 / 4942 / 49
Quartile4th1st4th4th4th
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.
-3.5
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.
1.32
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%.
6.31
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.
2.86
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.
-0.7
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.
0.84
Price movement
52 week high165.1
52 week low142.9
Current bid price161.5
Current offer price169.9
Current mid price-
Region
1USA83.16%
2Money Market5.4%
3Luxembourg2.93%
4Canada2.27%
5Netherlands1.8%
6UK1.14%
7France0.66%
8Ireland0.66%
9Cayman Islands0.47%
Industry sector
1Communications25.4%
2Non-Cyclical Consumer Goods15.1%
3Cyclical Consumer Goods14%
4Technology10%
5Energy9.6%
6Capital Goods6.9%
7Basic Industries5.9%
8Money Market5.4%
9Financials2.3%
Asset type
1US Fixed Interest83.16%
2Money Market5.4%
3Luxembourg Fixed Interest2.93%
4Canadian Fixed Interest2.27%
5Dutch Fixed Interest1.8%
6UK Fixed Interest1.14%
7French Fixed Interest0.66%
8Irish Fixed Interest0.66%
9American Emerging Fixed Interest0.47%
Individual holdings
1SOFTBANK (UNITED STATES) 7.875% 15/09/231.9%
2FIRST DATA CORP 5.75% BDS 15/01/24 USD20001.4%
3HCA INC 7.5% BDS 15/02/22 USD20001.3%
4SOFTBANK (UNITED STATES) 8.750% 15/03/321.2%
5CAESARS ENTERTAINMENT OPERATING CO 9% BDS 15/02/20 USD1000 144A1.1%
6TENET HEALTHCARE CORP 8.125% BDS 01/04/22 USD20001.1%
7CHARTER COMMUNICATIONS (UNITED STATES) 5.875 01/04/241%
8HCA INC 5.375% BDS 01/02/25 USD20001%
9IHEARTMEDIA (UNITED STATES) 6.500 15/11/221%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW JPM Global High Yield Bond Fund invests solely in JPM Global High Yield Bond Fund, a sub fund of JPMorgan Fund ICVC, a UK authorised Open Ended Investment Company, managed by the JPMorgan Funds Limited. The aim of the underlying fund is to provide a high return from a diversified portfolio of bond and other debt securities. The fund will invest primarily in bond and other debt securities of issuers in developed countries. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. 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
High Yield
Investment method
No data available.
Fund managers
NameSinceBiography
Robert Cook01/07/2005Robert L. Cook is a Managing Director of J.P. Morgan Investment Management Inc., head of its Fixed Income High Yield Team, and lead portfolio manager for its high yield total return, sub-advised mutual fund assets, and absolute return credit products. In addition, he serves on the Global Macro Team which determines the firm's fixed income views of the global economic landscape and portfolio positioning. Prior to joining JPMIM in 2004, Mr. Cook was co-head of the fixed income investment process at 40|86 Advisors, where he was responsible for managing high yield total return assets and was the director of credit research. Prior to joining 40|86 Advisors in 1994, he worked at PNC Bank's investment banking division in Pittsburgh, Pennsylvania, where he was involved with syndicated loans, mergers and acquisitions, private placements and structured products. Mr. Cook holds a B.S. in finance from Indiana University. He is a CFA charter holder and a member of the Indianapolis Society of Financial Analysts.
Thomas Hauser01/07/2005Present: Vice President, the co-lead portfolio manager within the High Yield Fixed Income Team, responsible for overseeing high yield total return strategies, sub-advising mutual fund assets and absolute return credit products. 2004: Joined the firm. 2001: Worked for 40|86 Advisors, most recently serving as a co-portfolio manager on three mutual funds and as the co-head of the Collateralized Bond Obligation Group. 1993: Worked at Van Kampen Investments, co-managing several high yield mutual funds and leading the high yield trading desk. Education / Qualification: BS (Finance) - Miami (Ohio) University Chartered Financial Analyst (CFA) Member of the Indianapolis Society of Financial Analysts
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW JPM Global High Yield Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price161.5
Offer price169.9
Mid price-
CurrencyGBX
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ071
OMW JPM Global High Yield SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price183.3
CurrencyGBX
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ070
Data provided by

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