Fact sheet: OMW L&G UK Property Feeder

Fund information
Fund name
OMW L&G UK Property Feeder Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Michael Barriesince 01/02/2006
  • Matt Jarvissince 01/01/2010
Underlying fund
L&G UK Property Feeder
Fund objective
The OMW L&G UK Property Feeder fund invests solely in the L&G UK Property Feeder fund, a UK authorised Unit Trust managed by Legal & General (Unit Trust Managers) Limited. The underlying fund seeks to achieve income and capital growth by investing solely in the Legal & General UK Property Fund. 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 value of property is generally a matter of a valuer's opinion rather than fact. In addition, property investments may not be readily saleable, which could lead to constraints on your ability to sell or switch from the fund. 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
  • IA - Property
Investment style
None
Investment method
Shares, Feeder fund
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN UK Direct Property
Yield
-
Fund size
£0m (£0m last year)
Bid price
92.4
Offer price
97.2
Top in this sector
Fund name1 Year
Guardian Choices Property Pn12.9%
Guardian Property Pn12.9%
OMW IPL Aviva Lm Prp Pn7.7%
FL Property AP5.9%
FL GM Property Pension5.3%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • Money Market27%
    Midlands16.7%
    Central London11.1%
    South East UK10.2%
    Yorkshire & Humberside6.2%
  • Cash & Cash Equivalents27%
    Offices - Property26.5%
    Industrials19%
    Warehouse - Property9.3%
    Others5.2%
  • Physical Property68%
    Cash & Cash Equivalents26.9%
    Property Shares5%
    Money Market0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2.3%----
Sector0.4%2.7%-2.7%-1.1%24.6%33%
Rank within sector27 / 16198 / 160----
Quartile1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector-1.9%9.7%14.3%6.9%1%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high95.7
52 week low78.8
Current bid price92.4
Current offer price97.2
Current mid price-
Region
1Money Market27.04%
2Midlands16.71%
3Central London11.06%
4South East UK10.17%
5Yorkshire & Humberside6.15%
6Scotland5.55%
7Not Specified5%
8North West UK4.47%
9Northern UK3.53%
Industry sector
1Cash & Cash Equivalents27.04%
2Offices - Property26.53%
3Industrials19.01%
4Warehouse - Property9.3%
5Others5.23%
6Retail - Property5.01%
7Indirect Property5%
8Leisure2.88%
Asset type
1Physical Property67.96%
2Cash & Cash Equivalents26.86%
3Property Shares5%
4Money Market0.18%
Individual holdings
No data available.
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 UK Property Feeder fund invests solely in the L&G UK Property Feeder fund, a UK authorised Unit Trust managed by Legal & General (Unit Trust Managers) Limited. The underlying fund seeks to achieve income and capital growth by investing solely in the Legal & General UK Property Fund. 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 value of property is generally a matter of a valuer's opinion rather than fact. In addition, property investments may not be readily saleable, which could lead to constraints on your ability to sell or switch from the fund. 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
  • IA - Property
Investment style
None
Investment method
Shares, Feeder fund
Fund managers
NameSinceBiography
Michael Barrie01/02/2006Michael Barrie is a Director of LGP with specific responsibility for the Balanced Property Funds Portfolio (c.£3.4bn as at March 2010), including the L&G LPI Income Property Fund and the L&G Managed Property Fund. Michael joined LGP in 2005 having previously been a director of F&C Property Asset Management and lead fund manager for the RSA Life Unitised Fund & RSA Pension Unitised Fund. Over the last three calendar years of Michael’s management of these funds they outperformed the IPD benchmark by 2.0% and 1.1% per annum respectively. The Life Unitised Fund received the IPF/IPD/EG award for best 3-year rolling performance (Funds between £50m and £200m) in 2002. He also established and managed the ISIS Property Trust and the ISIS Property Trust 2 which were listed on the London Stock Exchange. Michael holds a degree in Land Economics, a post graduate diploma in Property Investment and is a Member of the Royal Institution of Chartered Surveyors (MRICS) and the Association of British Insurers Property Group.
Matt Jarvis01/01/2010Matt Jarvis joined Legal & General Property as an asset manager in November 2004 and is Co-Fund Manager of the UK Property Trust, having previously been a Commercial Valuer with Jones Lang LaSalle. Matt holds a degree in Land Management from Reading University and is a Member of the Royal Institution of Chartered Surveyors (MRICS).
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW L&G UK Property Feeder Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.59%
Bid price92.4
Offer price97.2
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN8FE
OMW L&G UK Property Feeder SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price97.6
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN8FF
Data provided by

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