Fact sheet: OMW M&G Feeder of Prop Pflo

Fund information
Fund name
OMW M&G Feeder of Property Portfolio Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Justin Uptonsince 18/01/2013
  • Fiona Rowleysince 18/01/2013
Underlying fund
M&G Feeder of Property Ptfl
Fund objective
The OMW M&G Feeder of Property Portfolio Fund invests solely in the M&G Feeder of Property Portfolio Fund, a UK authorised unit trust, managed by M&G Securities Limited. The aim of the underlying fund is to maximise long term total return (the combination of income and growth of capital) solely through investment in the M&G Property Portfolio. 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. 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 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 underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. 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 adjustments and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Physical
Quick stats
1 Year return
-8.3%
1 Year rank in sector
157/159
Sector
PN UK Direct Property
Yield
-
Fund size
£20m (£30m 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.
48
Bid price
101.5
Offer price
106.8
Top in this sector
Fund name1 Year
Guardian Choices Property Pn13.9%
Guardian Property Pn13.9%
OMW IPL Aviva Lm Prp Pn7.5%
FL Property AP5.9%
FL GM Property Pension5.3%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • South East UK45.5%
    Midlands17%
    Others10.8%
    Northern UK10.4%
    Scotland9.4%
  • Offices - Property36%
    Warehouse - Property20%
    Industrials13.9%
    Shop - Property11.5%
    Retail - Property11.3%
  • Property100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%2.7%-10.5%-8.3%11.8%17.3%
Sector0.6%2.7%-2.8%-1.2%24.6%33.1%
Rank within sector126 / 16188 / 160159 / 159157 / 159143 / 154147 / 149
Quartile4th3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-9%7.7%13.1%5.2%0.6%
Sector-1.8%9.7%14.3%6.9%1%
Rank within sector158 / 159126 / 15898 / 154120 / 15271 / 149
Quartile4th4th3rd4th2nd
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.
-8.33
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.
1.66
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.
0.04
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%.
7.07
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.
4.8
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.
-0.78
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.
0.66
Price movement
52 week high113.4
52 week low96.9
Current bid price101.5
Current offer price106.8
Current mid price-
Region
1South East UK45.5%
2Midlands17%
3Others10.8%
4Northern UK10.4%
5Scotland9.4%
6Central London4.2%
7South West UK2.7%
Industry sector
1Offices - Property36%
2Warehouse - Property20%
3Industrials13.9%
4Shop - Property11.5%
5Retail - Property11.3%
6Others7.3%
Asset type
1Property100%
Individual holdings
11-8 BEDFONT LAKES4.96%
2RIVERSIDE HOUSE LONDON4.41%
3PARC TROSTRE RETAIL PARK LLANELLI4.12%
4WALES DESIGNER OUTLET BRIDGEND3.55%
5FREMLIN WALK MAIDSTONE3.1%
6THE GRACECHURCH CENTRE SUTTON COLDFIELD2.97%
7RIVERSIDE RETAIL PARK NORTHAMPTON2.7%
83 HARDMAN SQUARE, MANCHESTER2.58%
9AURORA120 BOTHWELL STREET GLASGOW2.34%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW M&G Feeder of Property Portfolio Fund invests solely in the M&G Feeder of Property Portfolio Fund, a UK authorised unit trust, managed by M&G Securities Limited. The aim of the underlying fund is to maximise long term total return (the combination of income and growth of capital) solely through investment in the M&G Property Portfolio. 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. 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 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 underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. 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 adjustments and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Physical
Fund managers
NameSinceBiography
Justin Upton18/01/2013Justin Upton joined M&G Real Estate in January 2010 as deputy fund manager of the M&G Pooled Pensions Property Fund (PPLP). On 1 January 2012, he was appointed deputy fund manager of the M&G Property Portfolio. Before M&G Real Estate, Justin spent two years as a director at Mayfair Capital Investment Management where he was involved with the MC Special Opportunities Fund and Income Trust for Charities. Prior to this, he spent five years at Henderson Global Investors as assistant fund manager on the Henderson Retail Warehouse Fund and the Caspar Fund. Justin undertook his RICS accreditation during four years spent with Cushman Wakefield’s capital markets team. He holds a degree from the University of Birmingham in social and economic history and a Masters from City University in property law and valuation.
Fiona Rowley18/01/2013Fiona Rowley joined M&G Real Estate as an investment surveyor in 1994 and was appointed deputy fund manager of the M&G Property Portfolio on its launch in 2005. She was appointed fund manager in 2007. Before joining the group, Fiona worked for property service company Knight Frank. She has a first class honours degree in estate management from South Bank University and is a member of the Royal Institution of Chartered Surveyors (RICS) and the Investment Property Forum.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW M&G Feeder of Property Portfolio Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.6%
Bid price101.5
Offer price106.8
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOU08
OMW M&G Feeder of Property Portfolio SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price115.9
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOU09
Data provided by

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