Fact sheet: OMW Lazard UK OmegaPn

Fund information
Fund name
OMW Lazard UK Omega Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Alan Custissince 25/02/2005
  • Lloyd Whitworthsince 30/06/2010
Underlying fund
Lazard UK Omega
Fund objective
The OMW Lazard UK Omega fund invests solely in the Lazard UK Omega fund, a sub fund of Lazard Investment Funds, a UK authorised Open Ended Investment Company, managed by Lazard Fund Managers Limited. The aim of the underlying fund is to achieve long-term capital growth through a portfolio of listed equity securities (including securities subject to an initial public offering) primarily in the UK. Investment may also be made in securities of companies with significant sources of profit from or close economic links with the UK. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. 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 adjustments and the OMW investment process.
Benchmark
  • FTSE All Share TR
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
9.3%
1 Year rank in sector
154/843
Sector
PN UK All Companies
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.
118
Bid price
99.8
Offer price
105
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Performance snapshot

Holdings snapshot

  • UK98%
    Money Market2%
  • Financials24%
    Consumer Services15.5%
    Oil & Gas14.3%
    Industrials10.7%
    Basic Materials9.9%
  • UK Equities98%
    Money Market2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%2.6%11.3%9.3%--
Sector-1.2%-0.3%6.2%5.1%13.2%59.3%
Rank within sector137 / 865104 / 86270 / 861154 / 843--
Quartile1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund10.6%----
Sector5.6%4.4%0.6%24.2%15.4%
Rank within sector130 / 843----
Quartile1st
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 high101.8
52 week low78.3
Current bid price99.8
Current offer price105
Current mid price-
Region
1UK98%
2Money Market2%
Industry sector
1Financials24%
2Consumer Services15.5%
3Oil & Gas14.3%
4Industrials10.7%
5Basic Materials9.9%
6Consumer Goods9.2%
7Telecommunications7.7%
8Health Care6.3%
9Money Market2%
Asset type
1UK Equities98%
2Money Market2%
Individual holdings
1BRITISH AMERICAN TOBACCO PLC6.8%
2BP PLC6.7%
3ROYAL DUTCH SHELL6.2%
4BARCLAYS PLC5.6%
5RIO TINTO PLC5.4%
6CRH PLC4.1%
7BT GROUP4%
8SHIRE PLC4%
9PRUDENTIAL PLC3.8%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Lazard UK Omega fund invests solely in the Lazard UK Omega fund, a sub fund of Lazard Investment Funds, a UK authorised Open Ended Investment Company, managed by Lazard Fund Managers Limited. The aim of the underlying fund is to achieve long-term capital growth through a portfolio of listed equity securities (including securities subject to an initial public offering) primarily in the UK. Investment may also be made in securities of companies with significant sources of profit from or close economic links with the UK. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. 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 adjustments and the OMW investment process.
Benchmark
  • FTSE All Share TR
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Alan Custis25/02/2005Alan Custis is a Portfolio Manager/Analyst on our UK Equity Team, responsible for managing UK equity portfolios. He joined Lazard Asset Management Limited in 2004 and his investment experience began in 1989. Prior to joining Lazard, Alan worked for JP MorganFleming for five years in a variety of UK roles including heading their mid-cap initiative and more recently as a member of the UK large cap team. Previously, he worked at Hill Samuel Asset Management where he was Head of Small Cap investment and at Morgan Grenfell Securities as a derivatives trader. Alan holds a Business degree with Honours from Staffordshire University in 1986.
Lloyd Whitworth30/06/2010Lloyd Whitworth is a Portfolio Manager/Analyst on the UK Equity team. He began working in the investment field in 1991. Prior to joining Lazard in 2009, Lloyd held UK fund management positions at Citigroup, Morley Fund Management, JP Morgan Asset Management, First State Asset Management and Dresdner RCM. Lloyd has a degree in Economics and Business Finance from Brunel University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Lazard UK Omega Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.18%
Bid price99.8
Offer price105
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBN0I
OMW Lazard UK Omega Pn SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price106.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBN0J
Data provided by

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