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
5.1%
1 Year rank in sector
220/259
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.
18
Bid price
139.4
Offer price
146.7
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn15.3%
L&G PMC AAAAAA CpBd Ov15Y Id Pn13.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn13.2%
AEGON Long Core Plus Pn13%
MetLife Fid Corp Bd 16yr Pn12.4%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • USA39.1%
    UK27.8%
    Not Specified9.5%
    France6.6%
    Switzerland4.3%
  • High Yield Bond29.1%
    Banks20.8%
    Government Bonds20.2%
    Energy6.5%
    Non-Cyclical Consumer Goods6.5%
  • US Fixed Interest39.1%
    UK Fixed Interest27.8%
    Global Fixed Interest9.5%
    French Fixed Interest6.6%
    Swiss Fixed Interest4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-2%1.5%5.1%5.6%11.3%
Sector-1.5%-4.8%2.5%7%18.9%38.7%
Rank within sector27 / 26514 / 265233 / 265220 / 259231 / 235208 / 210
Quartile1st1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund6.3%-1.1%0.7%-1.9%6.5%
Sector7.5%0.2%10.5%1%13.5%
Rank within sector198 / 260224 / 246234 / 235221 / 226206 / 210
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.
-0.15
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.
0.34
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%.
2.48
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.
3.88
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.
-0.96
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.
0.53
Price movement
52 week high142.3
52 week low130.2
Current bid price139.4
Current offer price146.7
Current mid price-
Region
1USA39.12%
2UK27.75%
3Not Specified9.51%
4France6.56%
5Switzerland4.25%
6Money Market4.15%
7Australia4%
8Germany2.44%
9Sweden2.22%
Industry sector
1High Yield Bond29.14%
2Banks20.75%
3Government Bonds20.19%
4Energy6.51%
5Non-Cyclical Consumer Goods6.46%
6Money Market6.3%
7Oil & Gas2.89%
8Cyclical Consumer Goods2.65%
9Asset/Mortgage-Backed Securities2.64%
Asset type
1US Fixed Interest39.12%
2UK Fixed Interest27.75%
3Global Fixed Interest9.51%
4French Fixed Interest6.56%
5Swiss Fixed Interest4.25%
6Money Market4.15%
7Australian Fixed Interest4%
8German Fixed Interest2.44%
9Swedish Fixed Interest2.22%
Individual holdings
1LEGG MASON WESTERN ASSET US HIGH YIELD LM DIS USD9.63%
2NESTLE FINANCE INTL LTD 2.25% NTS 30/11/23 GBP10002.34%
3UNITED TECHNOLOGIES CORP 6.125% SRN 01/02/19 USD10002.23%
4BNP PARIBAS 3.25% BDS 03/03/23 USD10002.22%
5ENGIE SA 1.625% BDS 10/10/17 USD10002.11%
6WELLS FARGO & CO 2.625% BDS 15/12/16 USD10002.11%
7TREASURY 3.75% GILT 07/09/19 GBP0.012.08%
8TREASURY 3.75% GILT 7/9/20 GBP0.012.08%
9GOLDMAN SACHS GROUP INC 6.0% BDS 15/06/20 USD10002.02%
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)0.61%
Bid price139.4
Offer price146.7
Mid price-
CurrencyGBX
Price updated07/12/2016
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)0.61%
Bid price-
Offer price-
Mid price161.2
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZI75
Data provided by

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