Fact sheet: OMW Old Mut Monthly Inc HY Bnd

Fund information
Fund name
OMW Old Mutual Monthly Income High Yield Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Bastian Wagnersince 25/09/2014
  • Tim Barkersince 01/03/2017
Underlying fund
Old Mutual MtyInc HiYdBd
Fund objective
The OMW Old Mutual Monthly Income High Yield Bond fund invests solely in the Old Mutual Monthly Income High Yield Bond fund, a sub fund of Old Mutual Global Investors Series Plc, an Irish authorised Investment Company with Variable Capital managed by Old Mutual Global Investors (UK) Limited. The aim of the underlying fund is to seek to achieve a total return through a combination of income and capital growth from a well-diversified portfolio predominantly comprising of fixed and variable rate debt securities located worldwide. 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 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. This is a new underlying fund. If it does not reach a target size outlined by the Fund Group, the underlying investment charges and costs may become a higher proportion of the fund than expected, reducing the value of your investment. 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
  • Bank of America Merrill Lynch Global High Yield Bond
Investment style
Total Return,High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
22.2%
1 Year rank in sector
10/20
Sector
PN Global High Yield
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.
94
Bid price
119.4
Offer price
125.6
Top in this sector
Fund name1 Year
FL MyMCaGrGlHiInOpPn32.1%
FL Cap Grp Gbl Hi Inc Opps Pn31.4%
Canlife Tndle Emg Mkt Bond Pn24.8%
OMW Old Mutual Emg Mkt Dt24.8%
LV= Investec Emg Mkts Debt Pn23.8%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • USA43.8%
    UK16.3%
    Netherlands9.9%
    Others9.4%
    Luxembourg7.7%
  • BB43.3%
    B41.9%
    CCC7.7%
    BBB5.2%
    Money Market1.1%
  • US Fixed Interest43.8%
    UK Fixed Interest17.8%
    Dutch Fixed Interest9.9%
    Global Fixed Interest9.4%
    Luxembourg Fixed Interest7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-1.6%5.6%22.2%--
Sector0.3%3.1%4.1%17.1%20%25.7%
Rank within sector20 / 2020 / 204 / 2010 / 20--
Quartile4th4th1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund-1.8%32%---
Sector2.9%22.8%-5.8%1.8%-3.4%
Rank within sector20 / 205 / 19---
Quartile4th2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high124.9
52 week low94.8
Current bid price119.4
Current offer price125.6
Current mid price-
Region
1USA43.8%
2UK16.3%
3Netherlands9.9%
4Others9.4%
5Luxembourg7.7%
6Canada2.9%
7Italy2.5%
8Austria2.2%
9Bermuda1.6%
Industry sector
1BB43.3%
2B41.9%
3CCC7.7%
4BBB5.2%
5Money Market1.1%
6Non-Rated0.7%
7AAA0.1%
Asset type
1US Fixed Interest43.8%
2UK Fixed Interest17.8%
3Dutch Fixed Interest9.9%
4Global Fixed Interest9.4%
5Luxembourg Fixed Interest7.7%
6Canadian Fixed Interest2.9%
7Italian Fixed Interest2.5%
8Austrian Fixed Interest2.2%
9American Emerging Fixed Interest1.6%
Individual holdings
1VEDANTA RESOURCES 6.375% BDS 30/07/22 USD10002.3%
2ALTICE FINCO SA 7.625% BDS 15/02/25 USD200000REG S2.2%
3ESAL GMBH 6.25% BDS 05/02/23 USD10002.2%
4VTR FINANCE BV 6.875% BDS 15/01/2024 USD2000002.1%
5FRONTIER COMMUNICATIONS CORP 7.125% BDS 15/01/23 USD10002%
6SCHUMANN SPA 7% BDS 31/07/23 EUR1000001.9%
7ZIGGO FINANCE BV 5.875% BDS 15/01/25 USD2000001.9%
8ANTERO RESOURCES CORP 5% BDS 01/03/25 USD20001.8%
9CIMPRESS NV 7% BDS 01/04/22 USD1500001.7%
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 High Yield Bond fund invests solely in the Old Mutual Monthly Income High Yield Bond fund, a sub fund of Old Mutual Global Investors Series Plc, an Irish authorised Investment Company with Variable Capital managed by Old Mutual Global Investors (UK) Limited. The aim of the underlying fund is to seek to achieve a total return through a combination of income and capital growth from a well-diversified portfolio predominantly comprising of fixed and variable rate debt securities located worldwide. 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 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. This is a new underlying fund. If it does not reach a target size outlined by the Fund Group, the underlying investment charges and costs may become a higher proportion of the fund than expected, reducing the value of your investment. 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
  • Bank of America Merrill Lynch Global High Yield Bond
Investment style
Total Return,High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Bastian Wagner25/09/2014Bastian Wagner, a portfolio manager for Fixed Income & Macro, joined OMGI in May 2010 from Eaton Vance International in London, where he was a credit investment analyst covering global high yield bonds and leveraged loans. He previously worked as an analyst in the equities research department of WestLB in Germany covering consumer and retail. He subsequently moved to the high yield bond management at WestLB Mellon. Bastian has a BA in economics from the University of Duisburg-Essen and a Diplom Kaufmann specialising in Finance, Accounting and Economics from the University Of Essen, Germany.
Tim Barker01/03/2017
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Old Mutual Monthly Income High Yield Bond Pn
Initial charge-
Annual charge-
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.14%
Bid price119.4
Offer price125.6
Mid price-
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM5KM
OMW Old Mutual Monthly Income High Yield Bond SP
Initial charge-
Annual charge-
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price127.6
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM5KN
Data provided by

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