Fact sheet: OMW Man GLG Strtg Bnd

Fund information
Fund name
OMW Man GLG Strategic Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Jon Mawbysince 08/11/2012
  • Andy Lisince 27/04/2014
Underlying fund
Man GLG Stgc Bd
Fund objective
The OMW Man GLG Strategic Bond Fund invests solely in the Man GLG Strategic Bond Fund, a sub fund of the Man Fixed Interest ICVC, a UK authorised Investment Company with variable capital, managed by Man Fund Management UK Limited. The aim of the underlying fund is to achieve an above average level of return, through income and capital appreciation, investing primarily in debt securities, global currencies, money market instruments, time deposits, and any associated derivatives. 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 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 adjustments and the OMW investment process.
Benchmark
  • IA £ Strategic Bond
Investment style
None
Investment method
None, Fixed Interest
Quick stats
1 Year return
-0.4%
1 Year rank in sector
164/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£0m (£0m 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.
31
Bid price
101.1
Offer price
106.4
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.1%
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OMW AXA Framlington Mgd Inc8.3%
FL Artemis Stra Bd AP8.1%
Aviva Art Strategic Bd Pn8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • Money Market34.7%
    UK34.5%
    Australia15.4%
    France9.4%
    USA7.5%
  • Financials43.5%
    Money Market34.7%
    Communications10.3%
    Utilities10.1%
    Non-Cyclical Consumer Goods7.6%
  • Europe ex UK Fixed Interest54.1%
    UK Fixed Interest18.8%
    North American Fixed Interest17.3%
    Asia Pacific Fixed Interest7.6%
    American Emerging Fixed Interest1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.4%-3.5%-0.9%-0.4%1.8%-
Sector-0.6%-1.6%2.7%4.7%12.7%39.1%
Rank within sector168 / 172153 / 172168 / 172164 / 168151 / 155-
Quartile4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.9%-4%4.6%--
Sector5.5%0.7%5.6%5.9%15.8%
Rank within sector159 / 168163 / 163105 / 155--
Quartile4th4th3rd
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.
-3.57
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.
1.09
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%.
4.11
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.
2.16
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.
-1.5
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.
0.73
Price movement
52 week high105.1
52 week low98.3
Current bid price101.1
Current offer price106.4
Current mid price-
Region
1Money Market34.73%
2UK34.46%
3Australia15.45%
4France9.4%
5USA7.5%
6Netherlands7.26%
7Italy5.55%
8Luxembourg3.86%
9Spain2.25%
Industry sector
1Financials43.49%
2Money Market34.73%
3Communications10.35%
4Utilities10.1%
5Non-Cyclical Consumer Goods7.64%
6Energy6.19%
7Industrials5.45%
8Basic Materials4.24%
9Cyclical Consumer Goods2.67%
Asset type
1Europe ex UK Fixed Interest54.08%
2UK Fixed Interest18.76%
3North American Fixed Interest17.32%
4Asia Pacific Fixed Interest7.6%
5American Emerging Fixed Interest1.63%
6Japanese Fixed Interest0.33%
7Asia Pacific ex Japan Fixed Interest0.16%
8African Fixed Interest0.12%
Individual holdings
1CYBG PLC 8% SUB CNV UNDATED BDS GBP2000002.86%
2ENEL SPA 8.75% BDS 24/09/73 USD10002.85%
3HSBC BANK USA INC 7% BDS 15/01/39 USD2500002.71%
4RWE AG 7% NTS 20/03/19 GBP1000002.47%
5PARTNERSHIP LIFE ASSURANCE CO 9.5% GTD SUB NTS 24/03/25 GBP1000002.36%
6JRP GROUP PLC 9% BDS 26/10/26 GBP1000002.11%
7GALAPAGOS SA FRN 15/06/21 EUR1000002.02%
8CREDIT LOGEMENT 4.604% BDS PERP EUR500001.96%
9ROYAL BANK OF SCOTLAND GROUP PLC1.69%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Man GLG Strategic Bond Fund invests solely in the Man GLG Strategic Bond Fund, a sub fund of the Man Fixed Interest ICVC, a UK authorised Investment Company with variable capital, managed by Man Fund Management UK Limited. The aim of the underlying fund is to achieve an above average level of return, through income and capital appreciation, investing primarily in debt securities, global currencies, money market instruments, time deposits, and any associated derivatives. 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 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 adjustments and the OMW investment process.
Benchmark
  • IA £ Strategic Bond
Investment style
None
Investment method
None, Fixed Interest
Fund managers
NameSinceBiography
Jon Mawby08/11/2012Jon joined GLG in September 2012 to run the Global Corporate and Strategic bond funds. Prior to that he spent almost 7 years at ECM Asset Management where he was Lead Portfolio Manager focusing on multi-asset class credit funds and a member of the Investment, Sector Strategy and Peer Group Review Committees. Jon joined ECM in 2005 from Gartmore Investment Management, where he was a portfolio manager and fixed income trader within the Institutional Credit Group, working primarily on relative value trading strategies. Prior to that Jon worked at Aviva Investors and Goldman Sachs. He holds a BA (Hons) in Economics from Durham University and is a CFA charterholder.
Andy Li27/04/2014Andy joined GLG in May 2014 to co-manage two major long-only credit strategies. Prior to joining GLG, he spent over 6 years at ECM Asset Management where he was a lead portfolio manager for ECM's Diversified Financials Europe fund and co-managed the global Absolute Return Credit fund. Andy joined ECM from Accenture where he was a management consultant within its Finance and Performance Management group in both London and Germany where he specialised in equity derivatives for global investment banks and advised blue chip corporate clients in the telecoms sector. Andy graduated from Imperial College, London with a BEng (Hons) in Computing in 2005 and is a CFA charterholder.
Compliance
UCITS III Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Man GLG Strategic Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.15%
Bid price101.1
Offer price106.4
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ7QF
OMW Man GLG Strategic Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price109.4
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ7QG
Data provided by

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