Fact sheet: OMW L&G Fixed Interest

Fund information
Fund name
OMW L&G Fixed Interest Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Mark Bensteadsince 31/08/2014
Underlying fund
L&G Fixed Interest Trust
Fund objective
The OMW L&G Fixed Interest Trust fund invests solely in the L&G Fixed Interest Trust fund, a UK authorised Unit Trust managed by Legal & General (Unit Trust Managers) Limited. The underlying fund seeks to invest for high income and the prospects of capital growth from fixed interest securities, including overseas issues. 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 fluctuationsThe 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. 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
  • IA £ Corporate Bond Sector
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.3%
1 Year rank in sector
107/260
Sector
PN Sterling Corporate 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.
50
Bid price
182.1
Offer price
191.6
Top in this sector
Fund name1 Year
L&G PMC AAAAAA CpBd Ov15Y Id Pn14.7%
MetLife Fid Corp Bd 20yr Pn14.6%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.2%
BlackRock DC AqOv 15 YCrp BdIx HP14.1%
FL M&G All Stocks Corp Bd Pn13.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK61.3%
    Europe ex UK19.9%
    North America12.3%
    Others3.9%
    Money Market2%
  • UK Corporate Bonds55.3%
    Fixed Interest36.7%
    UK Gilts5.9%
    Cash & Cash Equivalents2%
    Others0.1%
  • UK Corporate Fixed Interest55.3%
    Global Fixed Interest36.7%
    UK Gilts5.9%
    Cash & Cash Equivalents2%
    Others0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2%-1.2%-0.5%8.3%18.9%37.2%
Sector1.6%-0.8%0.1%8.1%18.9%37.5%
Rank within sector34 / 264213 / 265212 / 265107 / 260111 / 235123 / 211
Quartile1st4th4th2nd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund-0.3%9.9%-0.2%11%-
Sector-0.3%9.4%0.2%10.5%1%
Rank within sector162 / 26597 / 260175 / 246104 / 235180 / 226
Quartile3rd2nd3rd2nd4th
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.
-0.9
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.
1.17
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.
0.51
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%.
6.33
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.
1.41
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.
0.11
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 high192
52 week low163.3
Current bid price182.1
Current offer price191.6
Current mid price-
Region
1UK61.33%
2Europe ex UK19.87%
3North America12.34%
4Others3.89%
5Money Market2%
6Central & S America0.57%
Industry sector
1UK Corporate Bonds55.3%
2Fixed Interest36.67%
3UK Gilts5.94%
4Cash & Cash Equivalents2%
5Others0.09%
Asset type
1UK Corporate Fixed Interest55.3%
2Global Fixed Interest36.67%
3UK Gilts5.94%
4Cash & Cash Equivalents2%
5Others0.09%
Individual holdings
1PRUDENTIAL PLC 11.375% 29/05/20391.75%
2TREASURY 4.25% GILT 07/03/36 GBP0.011.42%
3GE CAPITAL UK FUNDING UNLTD CO 8% NTS 14/01/39 GBP20001.24%
4SOCIETY LLOYD'S 7.421 21/06/17 49P1.21%
5WESTERN POWER DISTRIBUTION EAST MIDLANDS PLC (GBP 5.250, 17-JAN-2023)1.17%
6AT&T INC 7% BDS 30/04/40 GBP(VAR)1.07%
7GLAXOSMITHKLINE CAPITAL 5.25% GTD NTS 19/12/33 GBP10001.03%
8HEATHROW FUNDING LTD (GBP 7.125, 14-FEB-2024)1.02%
9THAMES WATER UTILITIES CAYMAN FIN 5.75% MTN 13/09/30 GBP10000.99%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW L&G Fixed Interest Trust fund invests solely in the L&G Fixed Interest Trust fund, a UK authorised Unit Trust managed by Legal & General (Unit Trust Managers) Limited. The underlying fund seeks to invest for high income and the prospects of capital growth from fixed interest securities, including overseas issues. 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 fluctuationsThe 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. 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
  • IA £ Corporate Bond Sector
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mark Benstead31/08/2014Mark is a senior UK investment grade portfolio manager with responsibility for LGIM’s retail funds. Mark joined LGIM in 2014 from AXA Investment Managers where he held the title of Head of Credit, UK. Mark was closely involved with AXA’s successful entry into the buy and maintain credit strategy as well as delivering above-target performance on a range of segregated and annuity funds. Prior to that, he was at the Royal Bank of Canada in a variety of senior capital market roles, latterly as Managing Director, Head of Syndicate and European Debt Capital Markets. Mark graduated from the University College of North Wales with a BA (hons) in economics in 1984 and from the University of Bradford Management Centre with an MBA in 1985. He also holds the Investment Management Certificate.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW L&G Fixed Interest Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.71%
Bid price182.1
Offer price191.6
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBL7
OMW L&G Fixed Interest SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price203
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBL8
Data provided by

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