Fact sheet: OMW M&G Global Macro Bd

Fund information
Fund name
OMW M&G Global Macro Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Claudia Calichsince 30/06/2015
  • Jim Leavisssince 14/10/1999
Underlying fund
M&G Global Macro Bond
Fund objective
The OMW M&G Global Macro Bond fund invests solely in the M&G Global Macro Bond fund, a sub fund of M&G Investment Funds (1), a UK authorised OEIC managed by M&G Securities Limited. The underlying fund seeks to maximise long term total return (the combination of income and growth of capital) by investing mainly in debt instruments on a global basis which include, but are not limited to, variable rate securities, fixed interest securities, sovereign debt and corporate debt. 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
  • No Specified Index
Investment style
None
Investment method
No data available.
Quick stats
1 Year return
23.7%
1 Year rank in sector
12/132
Sector
PN Global Fixed Interest
Yield
-
Fund size
£4m (£4m 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.
90
Bid price
160.3
Offer price
168.7
Top in this sector
Fund name1 Year
FL GM Overseas Bond Pension30.7%
OMW M&G Glbl Government Bond28.9%
Baillie Gifford Emerg Mrkts Bd Pn26.7%
Pru Intnl Bd Pn25.9%
M&G PP International Bond Pn25.7%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA61.7%
    UK10.6%
    Germany6.3%
    Brazil2%
    Denmark1.9%
  • Government Bonds60.2%
    Banks14.9%
    Asset/Mortgage-Backed Securities5.1%
    Automotive3.2%
    Telecommunications2.5%
  • US Government Fixed Interest33.3%
    UK Corporate Fixed Interest20.5%
    Global Index Linked13.8%
    US Corporate Fixed Interest8.6%
    German Government Fixed Interest3.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%3.8%13.8%23.7%27.8%36.5%
Sector-3.3%-2.2%5.6%12.8%18.2%19.5%
Rank within sector63 / 1441 / 1423 / 14112 / 13227 / 1108 / 91
Quartile2nd1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund21.9%-0.4%5.3%-0.7%6.5%
Sector12.7%-0.3%6.1%-3.6%3%
Rank within sector11 / 13288 / 12465 / 11034 / 10515 / 92
Quartile1st3rd3rd2nd1st
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.
1.47
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.
1.25
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.
0.59
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%.
8.69
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.
4.67
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.
0.59
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.
0.74
Price movement
52 week high168
52 week low127.7
Current bid price160.3
Current offer price168.7
Current mid price-
Region
1USA61.7%
2UK10.6%
3Germany6.28%
4Brazil1.97%
5Denmark1.87%
6France1.82%
7Switzerland1.81%
8Australia1.67%
9Indonesia1.45%
Industry sector
1Government Bonds60.17%
2Banks14.93%
3Asset/Mortgage-Backed Securities5.12%
4Automotive3.17%
5Telecommunications2.49%
6Health Care2.27%
7Basic Industries1.9%
8Financial Services1.64%
9Energy1.55%
Asset type
1US Government Fixed Interest33.32%
2UK Corporate Fixed Interest20.49%
3Global Index Linked13.81%
4US Corporate Fixed Interest8.62%
5German Government Fixed Interest3.18%
6Brazilian Government Fixed Interest1.97%
7Danish Government Fixed Interest1.87%
8French Corporate Fixed Interest1.82%
9Indonesian Government Fixed Interest1.45%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES FRN 30/04/18 USD10015.75%
2UNITED STATES OF AMER TREAS NOTES 0.75% BDS 28/02/18 USD1008.52%
3UNITED STATES OF AMER TREAS NOTES 0.625% BDS 30/09/17 USD10005.32%
4UNITED STATES OF AMER TREAS NOTES 0.625% NTS 15/01/24 USD10004.88%
5UNITED STATES OF AMER TREAS NOTES 0.125% NTS 15/04/18 USD10004.48%
6UNITED STATES OF AMER TREAS BILLS 0.625% BDS 31/07/17 USD1003.73%
7GERMANY(FEDERAL REPUBLIC OF) 0.5% BDS 15/02/25 EUR0.013.18%
8GERMANY(FEDERAL REPUBLIC) 1.75% ILN 15/04/20 EUR0.012.49%
9BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10001.97%
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 Macro Bond fund invests solely in the M&G Global Macro Bond fund, a sub fund of M&G Investment Funds (1), a UK authorised OEIC managed by M&G Securities Limited. The underlying fund seeks to maximise long term total return (the combination of income and growth of capital) by investing mainly in debt instruments on a global basis which include, but are not limited to, variable rate securities, fixed interest securities, sovereign debt and corporate debt. 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
  • No Specified Index
Investment style
None
Investment method
No data available.
Fund managers
NameSinceBiography
Claudia Calich30/06/2015Claudia 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
Jim Leaviss14/10/1999Jim 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.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW M&G Global Macro Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.09%
Bid price160.3
Offer price168.7
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4N9
OMW M&G Global Macro Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price178.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4O0
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.