Fact sheet: OMW L&G MMgr Balanced Trust

Fund information
Fund name
OMW L&G Multi Manager Balanced Trust Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Asset Allocation Teamsince 30/06/2014
Underlying fund
L&G MM Balanced Trust
Fund objective
The OMW L&G Multi Manager Balanced Trust fund invests solely in the Legal & General Multi Manager Balanced Trust fund, a UK authorised Unit Trust managed by Legal & General (Unit Trust Managers) Limited. The underlying fund seeks to achieve long term capital growth, whilst at the same time safeguarding against excessive risks. The underlying fund aims to invest in a wide range of collective investment schemes and will pursue an active asset allocation policy across all countries, currencies and sector representations. In addition to the annual management charge of 1.23% of the fund’s value, the fund manager charges a performance-related fee of 20% of the amount by which the fund’s performance exceeds that of the IMA Mixed Investment 40-85% Shares sector (“the Benchmark”), and is capped at 1% each year. The fee is calculated daily and deducted once a year on the 15 January. For full details of the performance-related fee, see the fund manager’s prospectus at www.legalandgeneral.com. The table below illustrates the performance-related fee for three different examples of fund performance. Note that these are examples only and not forecasts or guarantees. Outperformance of the fund compared with index Performance-related fee (20% of outperformance) Standard Annual Management Charge (AMC) Total Annualised fund charge -0.50% Nil 1.23% 1.23% 1.50% 0.30% 1.23% 1.53% 3.00% 0.60% 1.23% 1.83% The above figures do not include the effect of any expenses which are charged to the fund or Old Mutual product charges which are reflected in the pricing of Old Mutual funds. 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 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. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. The underlying fund invests in unregulated Collective Investment Schemes, such as unregulated open ended investment companies (OEICs), unregulated unit trusts and hedge funds , which may involve a higher degree of risk. Unregulated Collective Investment schemes are not regulated by the Financial Conduct Authority and may not provide the same level of investor protection as regulated schemes. These schemes can be illiquid and can increase the risk of the fund price being more volatile. 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 Mixed Investment 40% - 85% Shares
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
17%
1 Year rank in sector
690/859
Sector
PN Mixed Investment 40%-85% Shares
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.
61
Bid price
114
Offer price
120
Top in this sector
Fund name1 Year
Scot Eq Sequel Adven Jrny Pn34.6%
Scot Eq Sequel Adventurous Pn34.5%
BlackRock LGIM Oseas Consn Idx Pn33.3%
Scot Eq Ext Bal Coll (ex MLC) Pn32.3%
FL My Ftr Advantage Gth Pn31.9%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK31%
    Europe ex UK22.4%
    North America20.6%
    Not Specified15.8%
    Emerging Asia6.5%
  • Financials15.8%
    Industrials14.3%
    Investment Grade Corporate Bonds12.3%
    High Yield Bond10.9%
    Consumer Services8.8%
  • UK Equities29.6%
    Global Corporate Fixed Interest28.3%
    European Equities17.4%
    Global Emerging Market Equities8.3%
    North American Equities3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%1.3%7.1%17%21.4%37.8%
Sector2.5%2.4%7.8%19.8%27.8%59.9%
Rank within sector649 / 900757 / 900637 / 889690 / 859634 / 709584 / 618
Quartile3rd4th3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund3.6%11.2%-0.4%3.5%5.8%
Sector4.9%14.3%2.2%5.7%13.1%
Rank within sector753 / 889673 / 791660 / 744569 / 687640 / 660
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.
-1.41
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.
0.98
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.
0.38
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%.
7.93
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.
3.86
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.
-0.42
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.
0.76
Price movement
52 week high114.9
52 week low97.4
Current bid price114
Current offer price120
Current mid price-
Region
1UK31.01%
2Europe ex UK22.38%
3North America20.61%
4Not Specified15.8%
5Emerging Asia6.5%
6Australasia3.04%
7Money Market2.47%
8Asia2%
9Central & S America1.81%
Industry sector
1Financials15.83%
2Industrials14.26%
3Investment Grade Corporate Bonds12.29%
4High Yield Bond10.87%
5Consumer Services8.75%
6Consumer Goods7.54%
7Government Bonds6.02%
8Health Care5.24%
9Technology5.14%
Asset type
1UK Equities29.55%
2Global Corporate Fixed Interest28.3%
3European Equities17.39%
4Global Emerging Market Equities8.32%
5North American Equities3.83%
6Asia Pacific ex Japan Equities3.63%
7Cash & Cash Equivalents3.53%
8UK Corporate Fixed Interest3.3%
9Property1.53%
Individual holdings
1CDX NA HY 24 V2 05.000 NA 06/20/2020 GOLDMAN SACH FIXED2.55%
2CDX EM 24 V2 01.000 NA 12/20/2020 GSAM FLOAT1.97%
3BP1.39%
4NEW ZEALAND(GOVERNMENT OF) 4.5% BDS 15/04/27 NZD10000001.09%
5HSBC HLDGS1.03%
6BARCLAYS PLC0.93%
7ASTRAZENECA PLC0.85%
8GLAXOSMITHKLINE0.84%
9ROYAL DUTCH SHELL0.83%
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 Multi Manager Balanced Trust fund invests solely in the Legal & General Multi Manager Balanced Trust fund, a UK authorised Unit Trust managed by Legal & General (Unit Trust Managers) Limited. The underlying fund seeks to achieve long term capital growth, whilst at the same time safeguarding against excessive risks. The underlying fund aims to invest in a wide range of collective investment schemes and will pursue an active asset allocation policy across all countries, currencies and sector representations. In addition to the annual management charge of 1.23% of the fund’s value, the fund manager charges a performance-related fee of 20% of the amount by which the fund’s performance exceeds that of the IMA Mixed Investment 40-85% Shares sector (“the Benchmark”), and is capped at 1% each year. The fee is calculated daily and deducted once a year on the 15 January. For full details of the performance-related fee, see the fund manager’s prospectus at www.legalandgeneral.com. The table below illustrates the performance-related fee for three different examples of fund performance. Note that these are examples only and not forecasts or guarantees. Outperformance of the fund compared with index Performance-related fee (20% of outperformance) Standard Annual Management Charge (AMC) Total Annualised fund charge -0.50% Nil 1.23% 1.23% 1.50% 0.30% 1.23% 1.53% 3.00% 0.60% 1.23% 1.83% The above figures do not include the effect of any expenses which are charged to the fund or Old Mutual product charges which are reflected in the pricing of Old Mutual funds. 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 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. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. The underlying fund invests in unregulated Collective Investment Schemes, such as unregulated open ended investment companies (OEICs), unregulated unit trusts and hedge funds , which may involve a higher degree of risk. Unregulated Collective Investment schemes are not regulated by the Financial Conduct Authority and may not provide the same level of investor protection as regulated schemes. These schemes can be illiquid and can increase the risk of the fund price being more volatile. 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 Mixed Investment 40% - 85% Shares
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Asset Allocation Team30/06/2014The Index Fund management team comprises 29 investment professionals with average industry experience of 14 years. Together they are responsible for a wide range of index funds – covering equities, fixed income and alternative asset classes. The team has £277 billion index assets under management. All data as at 31 December 2015
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW L&G Multi Manager Balanced Trust Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.55%
Bid price114
Offer price120
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFQ4
OMW L&G Multi Manager Balanced Trust SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price125.6
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFQ5
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.