Fact sheet: OMW M&G Glbl Government Bond

Fund information
Fund name
OMW M&G Global Government Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Jim Leavisssince 01/02/2010
  • Claudia Calichsince 05/07/2015
Underlying fund
M&G Global gvt bnd
Fund objective
The OMW M&G Global Government Bond fund invests solely in the M&G Global Government Bond fund, a sub fund of M&G Investment Funds (3) a UK authorised Open Ended Investment Company managed by M&G Securities Limited. The underlying fund seeks to maximise total return (the combination of income and growth of capital).The portfolio will mainly consist of investment grade government debt securities, including government guaranteed debt securities, and will be invested on a global basis. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. 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. 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. 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
  • Barclays Global Treasury Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
25.9%
1 Year rank in sector
3/133
Sector
PN Global Fixed Interest
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.
97
Bid price
141.3
Offer price
148.7
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn34.1%
Scot Eq AegonIntcEgMtsLclCrDtPn30.9%
OMW M&G Glbl Government Bond25.9%
Scot Eq Ovrss Crp Bd Trkr Pn24%
LV= BlackRock OseaCorBdTrk Pn23.8%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA21.2%
    Japan8.6%
    UK4.7%
    Germany4.5%
    Mexico4.2%
  • AA27.6%
    BBB25.7%
    A16.2%
    AAA11.1%
    BB8.2%
  • US Fixed Interest21.2%
    American Emerging Fixed Interest10.3%
    Japanese Fixed Interest8.6%
    UK Fixed Interest4.7%
    German Fixed Interest4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.2%-4.2%4.5%25.9%36%21.6%
Sector2.6%-2.4%1.6%13%20.5%19.8%
Rank within sector38 / 14697 / 14518 / 1433 / 1336 / 11146 / 92
Quartile2nd3rd1st1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.9%28.2%-0.1%4.7%-10%
Sector0.9%14.1%-0.3%6.1%-3.6%
Rank within sector36 / 1463 / 13376 / 12577 / 111103 / 105
Quartile1st1st3rd3rd4th
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.
-1.23
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.
1.81
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.
0.6
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%.
11.36
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.
6.15
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.
0.58
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.
0.87
Price movement
52 week high147.7
52 week low111.8
Current bid price141.3
Current offer price148.7
Current mid price-
Region
1USA21.17%
2Japan8.57%
3UK4.66%
4Germany4.47%
5Mexico4.21%
6Indonesia3.41%
7Peru3.24%
8Australia3.11%
9Romania2.6%
Industry sector
1AA27.61%
2BBB25.72%
3A16.24%
4AAA11.07%
5BB8.23%
6B4.88%
7Non-Rated3.56%
8Money Market2.69%
Asset type
1US Fixed Interest21.17%
2American Emerging Fixed Interest10.31%
3Japanese Fixed Interest8.57%
4UK Fixed Interest4.66%
5German Fixed Interest4.47%
6Mexican Fixed Interest4.21%
7European Emerging Fixed Interest3.84%
8European Fixed Interest3.67%
9Indonesian Fixed Interest3.41%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.75% NTS 31/03/18 USD100011.96%
2JAPAN(GOVERNMENT OF) 2.3% BDS 20/03/26 JPY100000000 `86`9.74%
3TREASURY 1% GILT 07/09/17 GBP0.014.69%
4MEXICO(UNITED MEXICAN STATES) 6.5% BDS 09/06/22 MXN1002.61%
5UNITED STATES OF AMER TREAS BONDS 3.625% TIPS 15/4/2028 USD10002.55%
6AUSTRALIA(COMMONWEALTH OF) 2.75% BDS 21/04/24 AUD10002.5%
7GERMANY(FEDERAL REPUBLIC) 1.75% ILN 15/04/20 EUR0.012.47%
8GERMANY(FEDERAL REPUBLIC OF) 6.25% BDS 4/1/2024 EUR0.01`492`2.44%
9RURAL ELECTRIFICATION CORP LTD 9.04% NTS 12/10/19 INR1100000002.37%
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 Global Government Bond fund invests solely in the M&G Global Government Bond fund, a sub fund of M&G Investment Funds (3) a UK authorised Open Ended Investment Company managed by M&G Securities Limited. The underlying fund seeks to maximise total return (the combination of income and growth of capital).The portfolio will mainly consist of investment grade government debt securities, including government guaranteed debt securities, and will be invested on a global basis. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. 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. 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. 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
  • Barclays Global Treasury Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jim Leaviss01/02/2010Jim Leaviss is Head of Retail Fixed Interest for M&G’s mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund and the M&G European Inflation Linked Corporate Bond Fund. He is also deputy manager of the M&G Gilt & Fixed Interest Income Fund, the M&G Index-Linked Bond Fund and the M&G UK Inflation Linked Corporate Bond Fund.
Claudia Calich05/07/2015Claudia Calich joined M&G in October 2013 as a specialist in emerging markets debt and was appointed fund manager of the M&G Emerging Markets Bond Fund in December 2013. She was also appointed fund manager of the M&G Global Government Bond Fund and deputy fund manager of the M&G Global Macro Bond Fund in July 2015. Claudia has over 20 years of experience in emerging markets, most recently as a senior portfolio manager at Invesco in New York, with previous positions at Oppenheimer Funds, Fuji Bank, Standard & Poor’s and Reuters. Claudia graduated with a BA honours in economics from Susquehanna University in 1989 and holds an MA in international economics from the International University of Japan in Niigata
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW M&G Global Government Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.96%
Bid price141.3
Offer price148.7
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4O2
OMW M&G Global Government Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price157.6
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4O3
Data provided by

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