Fact sheet: OMW JPM Multi Asset Income

Fund information
Fund name
OMW JPM Multi Asset Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Michael Schoenhautsince 29/06/2006
  • Talib Sheikhsince 09/10/2010
Underlying fund
JPM Multi Asset Inc
Fund objective
The OMW JPM Multi-Asset Income fund invests solely in the JPM Multi-Asset Income fund, a sub fund of the JPMorgan Fund ICVC, a UK authorised Open Ended Investment Company, managed by JPMorgan Funds Limited. The underlying fund seeks to provide income by investing primarily in a global portfolio of income generating securities. Investments in the underlying fund tend to be volatile and investors should expect an above average price increase or decrease. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. 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 adjustment and the OMW investment process.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3.4%
1 Year rank in sector
346/514
Sector
PN Specialist
Yield
-
Fund size
£1m (£3m 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.
52
Bid price
141.6
Offer price
149
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus48.9%
ReAssure AL NptRu&GtrRus Pn48.8%
L&G Nep Russia&Gtr Russia Pn48.2%
OMW InvescoPerpetualEmgEurpn44.4%
Scot Eq JPM Emg Eur Eq Pn43.8%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • USA65.2%
    Europe ex UK13.9%
    Global Emerging Markets8.7%
    UK6.8%
    Money Market1.9%
  • BBB-74.8%
    BBB16.9%
    Non-Rated2.8%
    A2.1%
    Money Market1.9%
  • Global High Yield Fixed Interest33.2%
    International Equities16.6%
    European Equities9%
    Global Corporate Fixed Interest9%
    Preference Shares8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-1.4%2.4%3.4%10.9%37.1%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector131 / 546371 / 545355 / 531346 / 514275 / 386172 / 317
Quartile1st3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.2%-0.8%5.8%9.2%14.9%
Sector9.3%2%7.2%11%7.7%
Rank within sector327 / 514373 / 450196 / 388158 / 35747 / 318
Quartile3rd4th3rd2nd1st
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.
-2.79
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.
0.92
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%.
6.67
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.
3.79
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.
-0.88
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.
0.68
Price movement
52 week high143.8
52 week low125.4
Current bid price141.6
Current offer price149
Current mid price-
Region
1USA65.2%
2Europe ex UK13.9%
3Global Emerging Markets8.7%
4UK6.8%
5Money Market1.9%
6Canada1.4%
7Japan1.2%
8Australasia0.7%
9Asia Pacific ex Japan0.2%
Industry sector
1BBB-74.76%
2BBB16.87%
3Non-Rated2.84%
4A2.06%
5Money Market1.9%
6AAA0.98%
7AA0.59%
Asset type
1Global High Yield Fixed Interest33.2%
2International Equities16.6%
3European Equities9%
4Global Corporate Fixed Interest9%
5Preference Shares8.6%
6Global Investment Grade Fixed Interest6.4%
7Property Shares6.3%
8Global Emerging Market Fixed Interest5%
9Global Emerging Market Equities3.3%
Individual holdings
1GLAXOSMITHKLINE PLC0.8%
2AVALONBAY COMMUNITIES INC0.7%
3COMCAST CORP(NEW)0.7%
4OCCIDENTAL PETROLEUM CORP0.7%
5CME GROUP INC0.6%
6JOHNSON & JOHNSON0.6%
7MICROSOFT CORP0.6%
8UNIBAIL-RODAMCO0.6%
9WELLS FARGO & CO0.6%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW JPM Multi-Asset Income fund invests solely in the JPM Multi-Asset Income fund, a sub fund of the JPMorgan Fund ICVC, a UK authorised Open Ended Investment Company, managed by JPMorgan Funds Limited. The underlying fund seeks to provide income by investing primarily in a global portfolio of income generating securities. Investments in the underlying fund tend to be volatile and investors should expect an above average price increase or decrease. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. 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 adjustment and the OMW investment process.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Michael Schoenhaut29/06/2006Michael Schoenhaut is head of portfolio construction and implementation for the Global Multi-Asset Group (””GMAG””) in the US. He is a member of the Investment Committee of the US GMAG and focuses on portfolio construction, manager analysis and tactical asset allocation. An employee since 1997, Michael is also a portfolio manager for balanced strategies, responsible for quantitative research and implementation. Michael obtained a BS in Operations Research and Industrial Engineering from Cornell University and is a CFA charterholder.
Talib Sheikh09/10/2010Talib is a portfolio manager for the Multi-Asset Solutions Group, based in London. He is primarily responsible for managing total return portfolios and is a member of the Global Strategy Team which establishes broad macroeconomic themes that are reflected across all portfolios managed globally by the team. Talib has managed balanced and tactical asset allocation overlay accounts since 2002. An employee since 1998, he was previously an Assistant Portfolio Manager in the derivatives implementation team in London. He is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW JPM Multi Asset Income Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.1%
Bid price141.6
Offer price149
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHYD7
OMW JPM Multi Asset Income SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price157.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHYD8
Data provided by

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