Fact sheet: OMW LM IF We As Ret Inc Bd

Fund information
Fund name
OMW Legg Mason IF Western Asset Retirement Income Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Western Asset Management Cosince 12/02/1998
Underlying fund
Legg Mason IFWARetIncBond
Fund objective
The OMW Legg Mason IF Western Asset Retirement Income Bond fund invests solely in the Legg Mason IF Western Asset Retirement Income Bond fund, a sub fund of Legg Mason Funds ICVC a UK authorised Investment Company with Variable Capital managed by Legg Mason Investment Funds Limited. The underlying fund seeks to provide a regular income stream, in excess of the prevailing level of interest rates in the UK, with a focus on capital preservation. The underlying fund seeks to achieve its objective by investing in a range of fixed interest securities including, but not limited to, corporate bonds, government bonds and asset backed securities. 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. 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 data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.4%
1 Year rank in sector
246/259
Sector
PN Sterling Corporate Bond
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.
19
Bid price
143.3
Offer price
150.8
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP16.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.8%
AEGON Long Core Plus Pn14.2%
AEGON UK Long Corporate Bond Pn14.1%
FL TEActv Bln Bd IE14%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • USA32.5%
    UK31.1%
    Not Specified9.3%
    France6.5%
    Others6%
  • High Yield Bond26.8%
    Government Bonds20.2%
    Banks18.1%
    Energy6.5%
    Non-Cyclical Consumer Goods5.9%
  • US Fixed Interest32.5%
    UK Fixed Interest31.1%
    Global Fixed Interest15.3%
    French Fixed Interest6.5%
    Money Market3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%1.9%2.9%5.4%7.4%10.9%
Sector0.7%2.4%4.9%8.9%19.8%38.1%
Rank within sector213 / 263213 / 262247 / 260246 / 259223 / 230213 / 214
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund2.2%6.9%-1.1%0.7%-1.9%
Sector3%9.4%0.2%10.5%1%
Rank within sector231 / 260214 / 256220 / 242229 / 230216 / 221
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.
0.46
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.
0.32
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
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%.
2.44
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.
4.03
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.
-0.89
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.
0.51
Price movement
52 week high143.4
52 week low136
Current bid price143.3
Current offer price150.8
Current mid price-
Region
1USA32.47%
2UK31.09%
3Not Specified9.31%
4France6.52%
5Others5.96%
6Money Market3.6%
7Switzerland3.46%
8Canada2.8%
9Germany2.57%
Industry sector
1High Yield Bond26.83%
2Government Bonds20.21%
3Banks18.07%
4Energy6.51%
5Non-Cyclical Consumer Goods5.88%
6Cyclical Consumer Goods4.31%
7Cash & Cash Equivalents3.6%
8Oil & Gas2.91%
9Insurance2.28%
Asset type
1US Fixed Interest32.47%
2UK Fixed Interest31.09%
3Global Fixed Interest15.27%
4French Fixed Interest6.52%
5Money Market3.6%
6Swiss Fixed Interest3.46%
7Canadian Fixed Interest2.8%
8German Fixed Interest2.57%
9Swedish Fixed Interest2.22%
Individual holdings
1LEGG MASON WESTERN ASSET US HIGH YIELD LM DIS USD9.67%
2BNP PARIBAS 3.25% BDS 03/03/23 USD10002.47%
3ENGIE SA 1.625% BDS 10/10/17 USD10002.46%
4SVENSKA HANDELSBANKEN 1.625% BDS 21/03/18 USD10002.35%
5TREASURY 2.25% GILT 07/09/23 GBP2.17%
6TREASURY 2% GILT 07/09/25 GBP0.012.14%
7TREASURY 1.5% GILT 22/07/26 GBP0.012.12%
8UNITEDHEALTH GROUP INC 1.625% BDS 15/03/19 USD10002.12%
9TREASURY 3.75% GILT 07/09/21 GBP2.11%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Legg Mason IF Western Asset Retirement Income Bond fund invests solely in the Legg Mason IF Western Asset Retirement Income Bond fund, a sub fund of Legg Mason Funds ICVC a UK authorised Investment Company with Variable Capital managed by Legg Mason Investment Funds Limited. The underlying fund seeks to provide a regular income stream, in excess of the prevailing level of interest rates in the UK, with a focus on capital preservation. The underlying fund seeks to achieve its objective by investing in a range of fixed interest securities including, but not limited to, corporate bonds, government bonds and asset backed securities. 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. 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 data available.
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Western Asset Management Co12/02/1998Western Asset Management focuses primarily on the management of fixed income portfolios, taking a fundamental approach to money management that is continually fine-tuned and adapted to changing conditions. When making investment decisions, Western Asset focuses on areas such as sector allocation, issue selection, duration weighting and maturity.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Legg Mason IF Western Asset Retirement Income Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.49%
Bid price143.3
Offer price150.8
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZI74
OMW Legg Mason IF Western Asset Retirement Income Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.49%
Bid price-
Offer price-
Mid price166.3
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZI75
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.