Fact sheet: OMW Jupiter Strategic Bond

Fund information
Fund name
OMW Jupiter Strategic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Ariel Bezalelsince 01/06/2008
Underlying fund
Jupiter Strategic Bond
Fund objective
The OMW Jupiter Strategic Bond Fund invests solely in the Jupiter Strategic Bond Fund, a UK authorised Unit Trust, managed by Jupiter Unit Trust Managers Limited. The aim of the underlying fund is to achieve a high income with the prospect of capital growth by seeking out the best opportunities within the fixed interest universe globally. The underlying fund invests in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares, convertible bonds, and other bonds. 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
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
High Yield
Investment method
None
Quick stats
1 Year return
5.3%
1 Year rank in sector
71/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£4m (£9m 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.
34
Bid price
123.5
Offer price
129.9
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.4%
Canlife AXA Fram Mgd Inc Pn9.4%
OMW AXA Framlington Mgd Inc9.4%
FL Artemis Stra Bd AP8.3%
FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK28.4%
    Asia Pacific ex Japan22.7%
    North America5.5%
    Latin America5.4%
    European Emerging Markets3.5%
  • Corporate Bonds61.8%
    Government Bonds30.7%
    Money Market17.1%
    Convertibles3.7%
    Floating Rate Notes0.9%
  • UK Fixed Interest28.4%
    Asia Pacific ex Japan Fixed Interest22.7%
    North American Fixed Interest5.5%
    American Emerging Fixed Interest5.4%
    European Emerging Fixed Interest3.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-0.6%2.2%5.3%12.4%-
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector126 / 17256 / 172111 / 17271 / 16894 / 155-
Quartile3rd2nd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.2%1.4%4.4%6.2%-
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector93 / 16863 / 163109 / 15574 / 151-
Quartile3rd2nd3rd2nd
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.
1.02
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.
0.74
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.
0.15
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%.
3.23
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.
2.32
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
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 high125.9
52 week low114.9
Current bid price123.5
Current offer price129.9
Current mid price-
Region
1UK28.36%
2Asia Pacific ex Japan22.68%
3North America5.47%
4Latin America5.4%
5European Emerging Markets3.47%
6Japan0.97%
7Middle East0.51%
8Africa0.46%
9Europe ex UK-0.4%
Industry sector
1Corporate Bonds61.85%
2Government Bonds30.69%
3Money Market17.07%
4Convertibles3.69%
5Floating Rate Notes0.87%
6Commercial Paper0.11%
7Others-14.29%
Asset type
1UK Fixed Interest28.36%
2Asia Pacific ex Japan Fixed Interest22.68%
3North American Fixed Interest5.47%
4American Emerging Fixed Interest5.4%
5European Emerging Fixed Interest3.47%
6Japanese Fixed Interest0.97%
7Middle East & African Fixed Interest0.51%
8African Fixed Interest0.46%
9Europe ex UK Fixed Interest-0.4%
Individual holdings
1AUSTRALIA(COMMONWEALTH OF) 4.25% BDS 21/04/26 AUD10005.1%
2AUSTRALIA (COMMONWEALTH) 5.5% BDS 21/04/20233.32%
3AUSTRALIA(COMMONWEALTH OF) 3.25% BDS 21/04/25 AUD10003.03%
4NEWMONT MINING CORP 1.625% CNV BDS 15/07/17 USD1.51%
5LADBROKES GROUP FINANCE 7.625% GTD NTS 05/03/17 GBP500001.21%
6CYPRUS (GOVT) 4.25% 04/11/251.05%
7NEW ZEALAND(GOVERNMENT OF) 2% ILN 20/09/25 NZD10001.05%
8HEATHROW FINANCE 7.125% 01/03/170.94%
9ROYAL GOLD INC 2.875% CNV BDS 15/06/19 USD10000.91%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Jupiter Strategic Bond Fund invests solely in the Jupiter Strategic Bond Fund, a UK authorised Unit Trust, managed by Jupiter Unit Trust Managers Limited. The aim of the underlying fund is to achieve a high income with the prospect of capital growth by seeking out the best opportunities within the fixed interest universe globally. The underlying fund invests in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares, convertible bonds, and other bonds. 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
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
High Yield
Investment method
None
Fund manager
NameSinceBiography
Ariel Bezalel01/06/2008Ariel Bezalel started his career at Jupiter and has been a member of the Fixed Interest & Multi-Asset Team since 1998 and a fund manager since 2000. He currently manages the Jupiter Strategic Bond Fund (Unit Trust) and the Jupiter Dynamic Bond fund (SICAV). Ariel has a degree in Economics from Middlesex University.
Compliance
UCITS III Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Jupiter 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)1.18%
Bid price123.5
Offer price129.9
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YGH
OMW Jupiter 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)1.18%
Bid price-
Offer price-
Mid price134.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YGI
Data provided by

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