Fact sheet: OMW M&G Short Dated Corp Bd

Fund information
Fund name
OMW M&G Short Dated Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Matthew Russellsince 01/09/2013
  • Ben Lordsince 01/09/2013
Underlying fund
M&G Short Dated Corp Bd
Fund objective
The OMW M&G Short Dated Corporate Bond fund invests solely in the M&G Short Dated Corporate Bond fund, a sub fund of M&G Investment Funds, a UK authorised Open Ended Investment Company managed by M&G Securities Limited.The underlying fund seeks to provide income with stability of capital over a rolling three to five year period. There is no guarantee that the underlying fund will achieve its objectives over this, or any other period. The underlying fund will invest mainly in debt instruments (which include, but are not limited to; variable rate securities, fixed interest securities, gilts and corporate debt).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
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
3.7%
1 Year rank in sector
255/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£9m (£14m 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.
12
Bid price
133.6
Offer price
140.6
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP15.4%
OMW IPL L&G AAA CrpBdOv15YIx Pn15.2%
AEGON UK Long Corporate Bond Pn14.5%
AEGON Long Core Plus Pn14.4%
MetLife Fid Corp Bd 20yr Pn13.8%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK39.5%
    USA27.2%
    Germany11.6%
    Netherlands3.5%
    Money Market3.5%
  • Asset/Mortgage-Backed Securities23.2%
    Banks22.9%
    Government Bonds8.6%
    Investment Grade Bonds8.4%
    Telecommunications6.5%
  • UK Fixed Interest84.8%
    UK Gilts10.5%
    Money Market3.5%
    Property1.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%0.8%1.6%3.7%5.2%10.2%
Sector1%2.3%5.3%9.1%20.1%38.4%
Rank within sector252 / 263253 / 262256 / 260255 / 259228 / 230215 / 215
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.1%3%0.6%1.5%2.2%
Sector3.2%9.4%0.2%10.5%1%
Rank within sector256 / 260253 / 256100 / 242228 / 23068 / 221
Quartile4th4th2nd4th2nd
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.
0.4
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.
0.21
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%.
1.81
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.
4.49
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.
-0.95
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.
0.4
Price movement
52 week high133.7
52 week low128.9
Current bid price133.6
Current offer price140.6
Current mid price-
Region
1UK39.54%
2USA27.21%
3Germany11.57%
4Netherlands3.52%
5Money Market3.49%
6Ireland2.7%
7France1.99%
8Switzerland1.83%
9Portugal1.68%
Industry sector
1Asset/Mortgage-Backed Securities23.23%
2Banks22.93%
3Government Bonds8.65%
4Investment Grade Bonds8.4%
5Telecommunications6.5%
6Insurance5.49%
7Automotive4.31%
8Money Market3.49%
9Technology2.63%
Asset type
1UK Fixed Interest84.79%
2UK Gilts10.46%
3Money Market3.49%
4Property1.26%
Individual holdings
1TREASURY 1.5% GILT 22/01/2021 GBP0.018.69%
2GERMANY(FEDERAL REPUBLIC OF) 0% BDS 08/10/21 EUR10005.96%
3TREASURY 5% GILT 07/03/18 GBP3.76%
4WARWICK FINANCE RES MTG NO TWO PLC MTG BCKD FRN 21/09/49 GBP100000 A1.79%
5MORGAN STANLEY 2.419% BDS 08/05/24 USD10001.74%
6GERMANY(FEDERAL REPUBLIC OF) 2.25% BDS 04/09/21 EUR0.011.71%
7VERIZON COMMUNICATIONS INC FRN 16/03/22 USD20001.32%
8LLOYDS BANK PLC 9.625% SUBORD BDS 6/4/2023 GBP(VAR)(BR)1.24%
9PNC BANK NA PITTSBURGH PA 2.3% BDS 01/06/20 USD10001.23%
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 Short Dated Corporate Bond fund invests solely in the M&G Short Dated Corporate Bond fund, a sub fund of M&G Investment Funds, a UK authorised Open Ended Investment Company managed by M&G Securities Limited.The underlying fund seeks to provide income with stability of capital over a rolling three to five year period. There is no guarantee that the underlying fund will achieve its objectives over this, or any other period. The underlying fund will invest mainly in debt instruments (which include, but are not limited to; variable rate securities, fixed interest securities, gilts and corporate debt).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
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Matthew Russell01/09/2013Matthew Russell joined M&G in 2007 and was appointed fund manager of the M&G Short Dated Corporate Bond Fund in September 2013, having served as deputy fund manager since 2011. He was also appointed fund manager of the M&G Gilt & Fixed Interest Income Fund in July 2015. Matthew joined M&G as a fund managers’ assistant covering the retail fixed interest fund range. He has a BSc in economics from the University of Birmingham and is also a CFA charterholder.
Ben Lord01/09/2013Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW M&G Short Dated Corporate 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 price133.6
Offer price140.6
Mid price-
CurrencyGBX
Price updated25/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeKS55
OMW M&G Short Dated Corporate 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 price158.9
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZS48
Data provided by

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