Fact sheet: OMW Man GLG UK Inc

Fund information
Fund name
OMW Man GLG UK Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Henry Dixonsince 15/11/2013
Underlying fund
Man GLG UK Income
Fund objective
The OMW Man GLG UK Income Fund invests solely in the Man GLG UK Income Fund, a sub fund of Man UK ICVC, a UK authorised Open Ended Investment Company, managed by Man Fund Management UK Limited. The underlying fund aims to achieve a level of income above the FTSE All Share Index together with some capital growth through investing, directly or indirectly, primarily in UK equities or in equities of companies which derive a substantial part of their revenues from activities in the UK. 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
  • FTSE All Share TR
Investment style
None
Investment method
Shares
Quick stats
1 Year return
0.4%
1 Year rank in sector
664/843
Sector
PN UK All Companies
Yield
-
Fund size
£1m (£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.
109
Bid price
167.3
Offer price
176.1
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn41.9%
Countrywide Equity Pn21.2%
OMW Schroder Recovery20.7%
Royal London Schroders Recovery Pn20.5%
Fidelity UBS UK Select Pn20%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK90.3%
    Money Market7.2%
    Poland0.9%
    Israel0.6%
    Egypt0.6%
  • Financials26.2%
    Industrials12.5%
    Consumer Discretionary10.9%
    Real Estate10.7%
    Money Market7.2%
  • UK Equities97.9%
    Money Market2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%0.1%0.3%0.4%21.6%67%
Sector-1.2%-0.3%6.2%5.1%13.2%59.3%
Rank within sector253 / 865344 / 862756 / 861664 / 84394 / 805235 / 756
Quartile2nd2nd4th4th1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.6%12.1%4.4%22.4%13.1%
Sector5.6%4.4%0.6%24.2%15.4%
Rank within sector667 / 84367 / 831128 / 806460 / 785379 / 758
Quartile4th1st1st3rd2nd
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.
1.68
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.
0.25
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%.
11.85
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.
5.6
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.
0.34
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.
0.79
Price movement
52 week high173.8
52 week low146.4
Current bid price167.3
Current offer price176.1
Current mid price-
Region
1UK90.33%
2Money Market7.18%
3Poland0.92%
4Israel0.62%
5Egypt0.59%
6Ireland0.36%
Industry sector
1Financials26.23%
2Industrials12.48%
3Consumer Discretionary10.89%
4Real Estate10.68%
5Money Market7.18%
6Consumer Staples6.8%
7Materials6.74%
8Energy6.28%
9Information Technology5.81%
Asset type
1UK Equities97.88%
2Money Market2.12%
Individual holdings
1RIO TINTO3.56%
2JOHN LAING GROUP PLC3.42%
3IMPERIAL BRANDS PLC3.32%
4BP3.11%
5PLAYTECH PLC2.98%
6HSBC HLDGS2.92%
7BELLWAY2.69%
8SAVILLS2.62%
9ROYAL DUTCH SHELL2.6%
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 UK Income Fund invests solely in the Man GLG UK Income Fund, a sub fund of Man UK ICVC, a UK authorised Open Ended Investment Company, managed by Man Fund Management UK Limited. The underlying fund aims to achieve a level of income above the FTSE All Share Index together with some capital growth through investing, directly or indirectly, primarily in UK equities or in equities of companies which derive a substantial part of their revenues from activities in the UK. 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
  • FTSE All Share TR
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Henry Dixon15/11/2013Henry is a Portfolio Manager on the UK Equities team at Man GLG (‘GLG’), having joined in October 2013. Prior to joining GLG, Henry was a Portfolio Manager and Founder of Matterley where he ran their flagship fund of the same strategy. Prior to that he worked at New Star, and The Family Charities Ethical Trust. Henry has over 11 years’ experience in equity investment management.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Man GLG UK Income Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.24%
Bid price167.3
Offer price176.1
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeUZ60
OMW Man GLG UK Income SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price199.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS987
Data provided by

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