Fact sheet: OMW M&G UK Infltn Lkd Crp Bd

Fund information
Fund name
OMW M&G UK Inflation Linked Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Ben Lordsince 16/09/2010
  • Jim Leavisssince 16/09/2010
Underlying fund
M&G UK Inftn Lkd Corp Bd
Fund objective
The OMW M&G UK Inflation Linked Corporate Bond fund invests solely in the M&G UK Inflation Linked Corporate Bond fund, a sub fund of M&G Investment Funds (10) a UK authorised Open Ended Investment Company managed by M&G Securities Limited. The underlying fund seeks to protect the value of capital and income from inflation by generating a return consistent with or greater than UK inflation over a rolling three to five year period. There is no guarantee that the underlying fund will achieve its objective over this, or any other, period. 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 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
  • UK Consumer Price Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.4%
1 Year rank in sector
117/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£5m (£3m 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.
23
Bid price
103.6
Offer price
109
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc8.2%
AXA Wealth AXA Fram Mgd Inc Pn8.2%
Canlife AXA Fram Mgd Inc Pn8.1%
FL Artemis Stra Bd AP7.6%
FL Artemis Strategic Bond Pn7.3%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK46.2%
    USA43.3%
    Germany5.4%
    Japan1.2%
    France0.8%
  • Government Bonds59.4%
    Banks14.8%
    Asset/Mortgage-Backed Securities9.1%
    Electronics3.2%
    Telecommunications2.5%
  • Global Index Linked33.8%
    UK Index-Linked Gilts29%
    UK Corporate Fixed Interest20.1%
    US Corporate Fixed Interest15.3%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.2%3.1%3.4%-0.3%8.8%
Sector-0.9%-1.7%2.7%4.3%12.3%39.6%
Rank within sector10 / 1725 / 17256 / 172117 / 168155 / 155140 / 143
Quartile1st1st2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.3%-2.8%-1.7%4%5.4%
Sector5.3%0.7%5.6%5.9%15.8%
Rank within sector117 / 168159 / 163155 / 155111 / 151140 / 143
Quartile3rd4th4th3rd4th
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.
-2.18
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.
0.52
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%.
3.2
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.
3.08
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.
-1.31
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.
0.28
Price movement
52 week high103.6
52 week low95.6
Current bid price103.6
Current offer price109
Current mid price-
Region
1UK46.16%
2USA43.27%
3Germany5.42%
4Japan1.17%
5France0.82%
6International0.7%
7Money Market0.59%
8Austria0.49%
9Spain0.42%
Industry sector
1Government Bonds59.43%
2Banks14.79%
3Asset/Mortgage-Backed Securities9.06%
4Electronics3.21%
5Telecommunications2.47%
6Utilities2.43%
7Insurance1.43%
8Non-Cyclical Consumer Goods1.18%
9Automotive1.17%
Asset type
1Global Index Linked33.82%
2UK Index-Linked Gilts29.04%
3UK Corporate Fixed Interest20.07%
4US Corporate Fixed Interest15.34%
5Money Market0.59%
6Austrian Corporate Fixed Interest0.49%
7Irish Corporate Fixed Interest0.38%
8Middle East & African Corporate Fixed Interest0.28%
Individual holdings
1UNITED STATES OF AMER TREAS BONDS 0.125% BDS 15/04/20 USD10015.32%
2TREASURY 1.875% IDX LKD GILT 22/11/22 GBP14.06%
3TREASURY 2 1/2% IDX-LINKED GILT 20207.12%
4TREASURY 0.125% IDX-LKD GILT 22/11/19 GBP0.015.44%
5UNITED STATES OF AMER TREAS BILLS BDS 15/04/21 USD1005.41%
6GERMANY(FEDERAL REPUBLIC OF) IDX/LKD 15/04/18 EUR10003.95%
7MICROSOFT CORP 4.45% BDS 03/11/45 USD20002.89%
8UNITED STATES OF AMER TREAS NOTES 0.375% TB 15/07/25 USD10002.25%
9UNITED STATES OF AMER TREAS NOTES 0.125% NTS 15/04/19 USD10002.01%
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 UK Inflation Linked Corporate Bond fund invests solely in the M&G UK Inflation Linked Corporate Bond fund, a sub fund of M&G Investment Funds (10) a UK authorised Open Ended Investment Company managed by M&G Securities Limited. The underlying fund seeks to protect the value of capital and income from inflation by generating a return consistent with or greater than UK inflation over a rolling three to five year period. There is no guarantee that the underlying fund will achieve its objective over this, or any other, period. 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 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
  • UK Consumer Price Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ben Lord16/09/2010Ben 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.
Jim Leaviss16/09/2010Jim 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.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW M&G UK Inflation Linked 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)0.91%
Bid price103.6
Offer price109
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN0U2
OMW M&G UK Inflation Linked 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)0.91%
Bid price-
Offer price-
Mid price113.8
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN0U3
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.