Fact sheet: OMW Kames Diversified Growth

Fund information
Fund name
OMW Kames Diversified Growth Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Colin Dryburghsince 21/07/2014
  • Scott Jamiesonsince 01/06/2013
Underlying fund
Kames Diversified Growth
Fund objective
The OMW Kames Diversified Growth Fund invests solely in the Kames Diversified Growth Fund, a sub fund of Kames Capital ICVC, a UK authorised Open-Ended Investment Company, managed by Kames Capital Plc. The underlying fund aims to maximise total return (income plus capital) and outperform the UK Retail Prices Index by at least 4% per annum over the medium term, by investing principally in fixed income assets, equities and derivatives (including commodity indices) denominated in any currency. 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 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 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
  • UK Retail Prices Index + 4%
Investment style
Active,Flexible
Investment method
None
Quick stats
1 Year return
7.6%
1 Year rank in sector
353/530
Sector
PN Specialist
Yield
-
Fund size
£0m (£0m 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.
53
Bid price
109.2
Offer price
114.9
Top in this sector
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Performance snapshot

Holdings snapshot

  • Not Specified45.3%
    North America16.3%
    Money Market10%
    Japan9.4%
    Europe ex UK6.1%
  • Unknown77.8%
    Money Market10%
    BBB5.2%
    BB4%
    B1.7%
  • International Equities44.3%
    Alternative Assets28.7%
    Global Fixed Interest17%
    Money Market10%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.9%1.1%7.6%14.7%16.7%
Sector0.2%2.6%4%14%24.5%41.7%
Rank within sector296 / 559340 / 555385 / 550353 / 530271 / 398244 / 334
Quartile3rd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.2%4.1%1%9.1%-2.3%
Sector2.5%11.6%2%7.2%11%
Rank within sector279 / 555376 / 519247 / 455101 / 393351 / 365
Quartile3rd3rd3rd2nd4th
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.
-1.7
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.
0.89
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.
0.17
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%.
6.48
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.
3.72
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.
-0.66
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.
0.67
Price movement
52 week high110
52 week low101.5
Current bid price109.2
Current offer price114.9
Current mid price-
Region
1Not Specified45.3%
2North America16.29%
3Money Market10%
4Japan9.43%
5Europe ex UK6.14%
6Global Emerging Markets6%
7Asia Pacific2.72%
8UK2.57%
9Canada1.57%
Industry sector
1Unknown77.8%
2Money Market10%
3BBB5.2%
4BB4%
5B1.7%
6Non-Rated1%
7CCC0.3%
Asset type
1International Equities44.3%
2Alternative Assets28.7%
3Global Fixed Interest17%
4Money Market10%
Individual holdings
1ISHARES III PLC4.41%
2TURKEY(REPUBLIC OF) 4.875% BDS 09/10/26 USD2000003.1%
3DORIC NIMROD AIR TWO LTD1.62%
4GREENCOAT UK WIND PLC ORD 1P1.44%
5SEQUOIA ECONOMIC INFRASTRUCTURE INCOME FUND LIMITED ORD NPV1.4%
63I INFRASTRUCTURE PLC1.35%
7DORIC NIMROD AIR THREE LTD1.34%
8JOHN LAING GROUP PLC1.23%
9GCP INFRASTRUCTURE INVESTMENTS LD ORD 1P1.21%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Kames Diversified Growth Fund invests solely in the Kames Diversified Growth Fund, a sub fund of Kames Capital ICVC, a UK authorised Open-Ended Investment Company, managed by Kames Capital Plc. The underlying fund aims to maximise total return (income plus capital) and outperform the UK Retail Prices Index by at least 4% per annum over the medium term, by investing principally in fixed income assets, equities and derivatives (including commodity indices) denominated in any currency. 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 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 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
  • UK Retail Prices Index + 4%
Investment style
Active,Flexible
Investment method
None
Fund managers
NameSinceBiography
Colin Dryburgh21/07/2014Colin Dryburgh is an investment manager in our Multi-asset team. He joined us in 2012 and previously worked for Aviva Investors, where he was a European equity analyst. Prior to that, Colin worked for Brewin Dolphin and Abbey National Asset Managers in investment management and analysis roles. Colin has a degree in Mathematics with Economics from the University of Strathclyde and is a CFA charterholder.
Scott Jamieson01/06/2013Scott Jamieson is Head of Kames Capital’s Multi-asset team. He joined Kames Capital in 2007 from Hymans Robertson where he was a senior investment consultant. He has over 30 years’ industry experience, most notably as Head of Global Strategy at Scottish Mutual, which became Abbey National Asset Management. Scott studied Mathematics at the University of Strathclyde, has a PhD in Numerical Analysis and has qualified as a Fellow of the Faculty of Actuaries.
Compliance
UCITS III Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Kames Diversified Growth Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.78%
Bid price109.2
Offer price114.9
Mid price-
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YGK
OMW Kames Diversified Growth SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price119.3
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YGL
Data provided by

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