Fact sheet: OMW JPM Strategic Bond

Fund information
Fund name
OMW JPM Strategic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Matthew Pallaisince 30/10/2013
  • Iain Stealeysince 05/05/2009
  • Nick Gartsidesince 05/05/2009
  • Bob Michelesince 05/05/2009
Underlying fund
JPM Strategic Bond
Fund objective
The OMW JPM Strategic Bond Fund invests solely in the JPM Strategic Bond Fund, a sub fund of the JPMorgan Fund ICVC, a UK authorised Open Ended Investment Company, managed by JPMorgan Funds Limited. The aim of the underlying fund is to maximise returns by investing primarily in a global portfolio of fixed and floating rate debt securities. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree or 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 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 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. 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
  • ICE Overnight GBP LIBOR
Investment style
None
Investment method
None
Quick stats
1 Year return
2.8%
1 Year rank in sector
148/168
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.
18
Bid price
107.2
Offer price
112.8
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc8.3%
AXA Wealth AXA Fram Mgd Inc Pn8.2%
Canlife AXA Fram Mgd Inc Pn8.1%
FL Artemis Stra Bd AP7.8%
FL Artemis Strategic Bond Pn7.4%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • Not Specified99.1%
    USA15%
    Money Market-14.1%
  • Asset/Mortgage-Backed Securities46.9%
    High Yield Bond23.1%
    Investment Grade Corporate Bonds19.9%
    Government Bonds10.4%
    Debt6.3%
  • Global Fixed Interest99.1%
    US Fixed Interest15%
    Money Market-14.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-1.3%1.5%2.8%4.9%14.3%
Sector-1%-1.6%2.8%4.5%12.4%39.8%
Rank within sector50 / 17280 / 172146 / 172148 / 168144 / 155137 / 143
Quartile2nd2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.6%-0.9%1.3%1.7%6.5%
Sector5.3%0.7%5.6%5.9%15.8%
Rank within sector145 / 168134 / 163150 / 155136 / 151137 / 143
Quartile4th4th4th4th4th
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.
-0.58
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.
0.58
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%.
2.32
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.
1.91
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.
-1.22
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.
0.62
Price movement
52 week high108.7
52 week low101.1
Current bid price107.2
Current offer price112.8
Current mid price-
Region
1Not Specified99.1%
2USA15%
3Money Market-14.1%
Industry sector
1Asset/Mortgage-Backed Securities46.9%
2High Yield Bond23.1%
3Investment Grade Corporate Bonds19.9%
4Government Bonds10.4%
5Debt6.3%
6Convertibles1.8%
7Mutual Funds1.7%
8Corporate Bonds0.3%
9Money Market-10.4%
Asset type
1Global Fixed Interest99.1%
2US Fixed Interest15%
3Money Market-14.1%
Individual holdings
1GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 3.00%  01/09/4614.6%
2FNMA 3.00% 01/10/467.9%
3AUSTRALIA(COMMONWEALTH OF) 4.25% BDS 21/04/26 AUD10006.2%
4FHLM 3.00% 01/10/466.2%
5TREASURY 2% GILT 07/09/25 GBP0.014.1%
6UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1003%
7RUSSIAN FEDERATION MINISTRY FINANCE 8.15% BDS 03/02/27 RUB10002.3%
8BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10002%
9INDONESIA(REPUBLIC OF) 8.375% BDS 15/09/26 IDR10001.5%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW JPM Strategic Bond Fund invests solely in the JPM Strategic Bond Fund, a sub fund of the JPMorgan Fund ICVC, a UK authorised Open Ended Investment Company, managed by JPMorgan Funds Limited. The aim of the underlying fund is to maximise returns by investing primarily in a global portfolio of fixed and floating rate debt securities. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree or 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 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 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. 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
  • ICE Overnight GBP LIBOR
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Matthew Pallai30/10/2013Matthew Pallai, executive director, has been a portfolio manager working in the U.S. Macro investment team since 2011 where he is responsible for managing global unconstrained bond strategies, focusing on international developed markets, securitized products, and macroeconomic strategy. Prior to 2011, he held positions on both the Agency and Non-Agency Mortgage Team, where, as a portfolio manager, he was responsible for analyzing, selecting and trading residential mortgage-backed securities. Matthew holds a B.A. in mathematics from Boston College and an M.A. in economics from New York University.
Iain Stealey05/05/2009Iain Stealey, managing director, is the head of Global Aggregate Strategies within the Global Fixed Income, Currency & Commodities (GFICC) group. Based in London, he is a portfolio manager focusing on multi-sector bond strategies for both segregated clients and pooled funds. Within the Global Aggregate team, Iain was previously responsible for the portfolio management of enhanced cash and short duration portfolios. An employee since 2002, he obtained a B.Sc. in Management Science from Loughborough University. Iain is a CFA charterholder and holds the Investment Management Certificate from the UK Society of Investment Professionals.
Nick Gartside05/05/2009Nicholas J. Gartside, managing director, is the International Chief Investment Officer of our Global Fixed Income, Currency & Commodities (GFICC) group. In addition, he is the co-manager of our multi-sector fixed income products and serves on the Currency Investment Policy Committee (CIPC). Prior to joining the firm in 2010, Nick was at Schroder Investment Management for eight years, initially as a euro government bond portfolio manager. In 2007, he moved to the global bond team as a global government bond portfolio manager and most recently served as the Head of Global Fixed Income. His previous roles were at Mercury Asset Management/Merrill Lynch Investment Managers. Nick earned a B.A. in History and Politics from Durham University and an M.Phil. in International Relations from Cambridge University. Nick is a CFA charterholder and holds the Investment Management Certificate from the UK Society of Investment Professionals.
Bob Michele05/05/2009Robert Michele, managing director, is the Global Chief Investment Officer of JPM Global Fixed Income, Currency & Commodities group. Prior to joining the firm in 2008, Bob was at Schroder Investment Management for ten years, most recently serving as the global head of fixed income. He also previously served as the head of Schroder's US Fixed Income Group, based in New York. Bob was at BlackRock from 1995 to 1998, responsible for managing core bond portfolios and developing credit strategies across all client mandates. Prior to that, Bob spent five years at FirstBoston Asset Management as head of their domestic fixed income desk. Before that, he was at Brown Brothers Harriman for eight years managing taxable, total return portfolios for non-US institutions. Bob began his career at Bankers Trust, working as an investment analyst and portfolio manager. He holds a BA in classics from the University of Pennsylvania, is a CFA charterholder and has the Investment Management Certificate of the UK Society of Investment Professionals.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW JPM Strategic Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.92%
Bid price107.2
Offer price112.8
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0IV4
OMW JPM Strategic Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price117.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0IV5
Data provided by

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