Fact sheet: OMW Old Mtl Mthly Inc Bd

Fund information
Fund name
OMW Old Mutual Monthly Income Bond Pn Acc
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Tim Barkersince 01/12/2015
  • Christine Johnsonsince 31/08/2010
Underlying fund
Old Mutual Monthly Inc Bd
Fund objective
The OMW Old Mutual Monthly Income Bond fund invests solely in the Old Mutual Monthly Income Bond fund, a sub-fund of Old Mutual Investment Funds Series I, a UK authorised Investment Company with Variable Capital, managed by Old Mutual Fund Managers Limited. The aim of the underlying fund is to maximise total returns by investing primarily in a diversified portfolio of fixed, variable and zero rate bond investments, including convertible securities. There are no specific restrictions as to the economic sectors or geographic areas that the underlying fund may invest in. 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
  • No Specified Index
Investment style
None
Investment method
None
Quick stats
1 Year return
2.6%
1 Year rank in sector
144/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£3m (£4m 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.
39
Bid price
128.9
Offer price
135.6
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn8.8%
Canlife AXA Fram Mgd Inc Pn8.7%
OMW AXA Framlington Mgd Inc8.3%
Aviva Art Strategic Bd Pn8.2%
Aviva Higher Inc Plus Pn8.1%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • International92.5%
    Money Market7.5%
  • Investment Grade Corporate Bonds41.5%
    High Yield Bond36%
    Government Bonds15%
    Money Market7.5%
  • Global Fixed Interest92.5%
    Money Market7.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-3.9%2.2%2.6%3.2%39.1%
Sector-0.7%-1.5%2.7%4.6%12.6%39.4%
Rank within sector158 / 172162 / 172101 / 172144 / 168147 / 15585 / 143
Quartile4th4th3rd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.6%-3.1%1.8%7.8%22.8%
Sector5.4%0.7%5.6%5.9%15.8%
Rank within sector101 / 168161 / 163147 / 15558 / 15111 / 143
Quartile3rd4th4th2nd1st
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.
-4.45
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.
1.47
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%.
5.52
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.
3.22
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.
-0.84
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.
0.74
Price movement
52 week high134.6
52 week low118.3
Current bid price128.9
Current offer price135.6
Current mid price-
Region
1International92.5%
2Money Market7.5%
Industry sector
1Investment Grade Corporate Bonds41.5%
2High Yield Bond36%
3Government Bonds15%
4Money Market7.5%
Asset type
1Global Fixed Interest92.5%
2Money Market7.5%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.25% TB 15/01/25 USD10007.4%
2UNITED STATES OF AMER TREAS BONDS 2.25% BDS 15/08/46 USD1002.5%
3TREASURY 1.5% GILT 22/07/26 GBP0.011.9%
4UST 1.375 20231.7%
5TESCO PROPERTY FINANCE 4 PLC 5.8006% BDS 13/10/40 GBP1000001.5%
6AT&T INC 3% BDS 30/06/22 USD10001.4%
7RBS 6.1% 10/06/20231.4%
8SKY PLC 3.75% SNR UNSEC NTS 16/09/24 USD 144A1.4%
9CENTRICA 5.25% 10/04/20751.3%
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 Monthly Income Bond fund invests solely in the Old Mutual Monthly Income Bond fund, a sub-fund of Old Mutual Investment Funds Series I, a UK authorised Investment Company with Variable Capital, managed by Old Mutual Fund Managers Limited. The aim of the underlying fund is to maximise total returns by investing primarily in a diversified portfolio of fixed, variable and zero rate bond investments, including convertible securities. There are no specific restrictions as to the economic sectors or geographic areas that the underlying fund may invest in. 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
  • No Specified Index
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Tim Barker01/12/2015
Christine Johnson31/08/2010Christine Johnson is Head of Fixed Income at OMGI. Christine joined Old Mutual in September 2010 from Halbis Capital Management (formerly HSBC Asset Management), where she was a senior fixed income fund manager, initially focusing on sterling credit before also managing global portfolios. She moved to Halbis from Investec Asset Management, which she joined as a high yield credit analyst, becoming a high yield fixed income fund manager a year later. She began her asset management career as a credit analyst at Royal & Sun Alliance Investment Management, having previously been a relationship manager at NatWest Bank. Christine has a BA in Economics from Manchester University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Old Mutual Monthly Income Bond Pn Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price128.9
Offer price135.6
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA4N7
OMW Old Mutual Monthly Income Bond SP Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price145.3
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA4N8
Data provided by

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