Fact sheet: OMW Kames Sterling Corp Bd

Fund information
Fund name
OMW Kames Sterling Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • David Robertssince 22/03/2004
  • Iain Bucklesince 01/10/2009
Underlying fund
Kames Sterling Corp Bond
Fund objective
The OMW Kames Sterling Corporate Bond fund invests solely in the Kames Sterling Corporate Bond 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) by investing mainly in sterling denominated bonds, encompassing investment grade corporate bonds and government bonds. Up to 10% of the underlying Fund may be invested in high yield bonds. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
7.3%
1 Year rank in sector
187/262
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£4m (£4m 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.
36
Bid price
150.8
Offer price
158.7
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP15.1%
OMW IPL L&G AAA CrpBdOv15YIx Pn13.1%
AEGON Long Core Plus Pn12.8%
AEGON UK Long Corporate Bond Pn12.8%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK57.7%
    USA13.5%
    Jersey5.3%
    Not Specified5.2%
    Netherlands2.8%
  • Others34.5%
    Financials29.9%
    Mortgage & Secured Bonds15.3%
    Government Bills9.3%
    Money Market3.3%
  • UK Fixed Interest68.9%
    US Fixed Interest13.5%
    Dutch Fixed Interest2.8%
    American Emerging Fixed Interest2.7%
    Irish Fixed Interest2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%1.9%-1%7.3%16%35.6%
Sector0.4%2.2%-1.3%8.3%19.8%36.8%
Rank within sector72 / 268192 / 266119 / 266187 / 262188 / 236122 / 217
Quartile2nd3rd2nd3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund1%7.5%0.7%8.7%2.9%
Sector1.3%9.4%0.2%10.5%1%
Rank within sector214 / 266212 / 26296 / 247189 / 23654 / 227
Quartile4th4th2nd4th1st
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.
-0.36
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.
0.87
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.
0.32
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%.
4.81
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.
1.12
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.
-1.01
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.
0.97
Price movement
52 week high154.7
52 week low140.8
Current bid price150.8
Current offer price158.7
Current mid price-
Region
1UK57.67%
2USA13.48%
3Jersey5.3%
4Not Specified5.18%
5Netherlands2.77%
6Cayman Islands2.72%
7Ireland2.28%
8France1.81%
9Australia1.38%
Industry sector
1Others34.5%
2Financials29.9%
3Mortgage & Secured Bonds15.3%
4Government Bills9.3%
5Money Market3.3%
6Government Agency Bonds3.1%
7Government Bonds2.4%
8Asset/Mortgage-Backed Securities2.2%
Asset type
1UK Fixed Interest68.91%
2US Fixed Interest13.48%
3Dutch Fixed Interest2.77%
4American Emerging Fixed Interest2.72%
5Irish Fixed Interest2.28%
6French Fixed Interest1.81%
7Australian Fixed Interest1.38%
8Money Market1.32%
9German Fixed Interest1.18%
Individual holdings
1TREASURY 1.875% IDX LKD GILT 22/11/22 GBP3.65%
2TREASURY 1.5% GILT 22/07/26 GBP0.013.03%
3TRANSPORT FOR LONDON 2.25% NTS 09/08/22 GBP1000001.82%
4TREASURY 4.5% GILT 7/9/2034 GBP0.011.57%
5AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000001.51%
6APT PIPELINES LTD 3.5% BDS 22/03/30 GBP1000001.38%
7ANNINGTON FINANCE NO 4 8.07% ASST BCKD NTS 10/1/23 GBP100001.37%
8WHITE CITY PROPERTY FINANCE 5.1202% COM MTG FXD NT 17/04/35 GBP500001.28%
9HSBC HLDGS 7% SUBORD NTS 07/04/38 GBP500001.19%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Kames Sterling Corporate Bond fund invests solely in the Kames Sterling Corporate Bond 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) by investing mainly in sterling denominated bonds, encompassing investment grade corporate bonds and government bonds. Up to 10% of the underlying Fund may be invested in high yield bonds. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Roberts22/03/2004David Roberts is Head of Fixed Income and responsible for managing the fixed income team. In addition, he co-manages several funds including the flagship Kames Strategic Bond Fund, and has responsibility for overseeing cash and derivative management for the majority of Kames Capital’s clients. David joined us in 2004 from Britannic Asset Management where he was Head of Credit. He worked in the banking sector for a decade before moving into asset management. David studied Economics and Industrial Relations at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling.
Iain Buckle01/10/2009Iain Buckle is an investment manager in the Fixed Income team with responsibility for credit analysis, particularly securitised and structured finance assets. Iain is the co-manager of several funds with a primary focus on sterling credit mandates. His funds include the Kames Sterling Corporate Bond Fund, core pooled and segregated mandates and funds included in our ethical bond franchise. As an experienced fund manager Iain is responsible for overseeing the institutional pooled and buy-and-hold portfolios managed across the team. Iain joined us in 2000 from Baillie Gifford where he was a fixed income analyst. He studied Economics at Heriot Watt University and has completed the CFA programme.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Kames Sterling Corporate Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.77%
Bid price150.8
Offer price158.7
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQG16
OMW Kames Sterling Corporate Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price172.6
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQG14
Data provided by

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