Fact sheet: OMW OM Invesco Perp Corp Bd

Fund information
Fund name
OMW Old Mutual Invesco Perpetual Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Invesco Asset Management Limitedsince 28/05/2013
Underlying fund
OM InvsPrptlCorp Bd
Fund objective
The OMW Old Mutual Invesco Perpetual Corporate Bond Fund invests solely in the Old Mutual Invesco Perpetual Corporate Bond Fund, a sub fund of Old Mutual Specialist Funds, a UK Authorised Open Ended Investment Company managed by Old Mutual Investment Management Ltd. The aim of the underlying fund is to achieve total return (meaning a combination of income and capital growth) by investing primarily in investment grade corporate debt securities. 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
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
5.7%
1 Year rank in sector
240/262
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£28m (£32m 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.
25
Bid price
211.9
Offer price
223
Top in this sector
Fund name1 Year
OMW IPL L&G AAA CrpBdOv15YIx Pn15%
BlackRock DC AqOv 15 YCrp BdIx HP14.2%
L&G PMC AAAAAA CpBd Ov15Y Id Pn13.6%
Aviva AT SF Corp Bd Pn13.1%
AEGON Long Core Plus Pn13.1%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK61.7%
    USA12.8%
    France8.7%
    International2.6%
    Germany2.6%
  • Banks27.3%
    Utilities13.7%
    Insurance12.7%
    Telecommunications12.5%
    Foods3.8%
  • Global Corporate Fixed Interest95.5%
    Global Fixed Interest2.6%
    Money Market2.1%
    Alternative Investment Strategies-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%1.9%-0.5%5.7%11.4%31.3%
Sector0.8%2.3%-1.2%8.5%20%36.9%
Rank within sector220 / 268203 / 26671 / 266240 / 262218 / 236186 / 217
Quartile4th4th2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.4%5.7%0.8%5.4%3.3%
Sector1.4%9.4%0.2%10.5%1%
Rank within sector144 / 266229 / 26279 / 247223 / 23641 / 227
Quartile3rd4th2nd4th1st
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.
-0.29
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.
0.65
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.
0.05
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%.
3.77
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.
2.35
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.
-1.01
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.
0.87
Price movement
52 week high214.5
52 week low200.4
Current bid price211.9
Current offer price223
Current mid price-
Region
1UK61.74%
2USA12.81%
3France8.74%
4International2.59%
5Germany2.56%
6Netherlands2.38%
7Others2.37%
8Spain2.09%
9Money Market2.05%
Industry sector
1Banks27.33%
2Utilities13.65%
3Insurance12.71%
4Telecommunications12.5%
5Foods3.84%
6Transport3.81%
7Oil & Gas3.65%
8Retail2.94%
9Pharmaceuticals2.84%
Asset type
1Global Corporate Fixed Interest95.45%
2Global Fixed Interest2.63%
3Money Market2.05%
4Alternative Investment Strategies-0.13%
Individual holdings
1EUROPEAN INVESTMENT BANK 1.375% BDS 15/01/18 GBP1000001.8%
2LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000001.78%
3APPLE INC 3.85% BDS 04/05/43 USD2000144A1.63%
4BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500001.58%
5LLOYDS BANK PLC 7.625% NTS 22/04/25 GBP10001.49%
6LEGAL & GENERAL GROUP PERP PREF CALL CAP SECS GBP500001.31%
7PRUDENTIAL PLC 5% DATED NTS 20/07/55 GBP100000 21.2%
8HEATHROW FUNDING LTD CLS`A`5.225% UNWRP BDS 15/02/25GBP`REGS`1.15%
9AXA FRN 5.453%1.12%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Old Mutual Invesco Perpetual Corporate Bond Fund invests solely in the Old Mutual Invesco Perpetual Corporate Bond Fund, a sub fund of Old Mutual Specialist Funds, a UK Authorised Open Ended Investment Company managed by Old Mutual Investment Management Ltd. The aim of the underlying fund is to achieve total return (meaning a combination of income and capital growth) by investing primarily in investment grade corporate debt securities. 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
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Invesco Asset Management Limited28/05/2013
Compliance
UCITS III Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Old Mutual Invesco Perpetual 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)0.92%
Bid price211.9
Offer price223
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJDIT
OMW Old Mutual Invesco Perpetual 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)0.92%
Bid price-
Offer price-
Mid price251.3
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJDIU
Data provided by

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