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 24/09/2014
  • Christine Johnsonsince 24/09/2014
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
26.5%
1 Year rank in sector
6/20
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.
95
Bid price
117.1
Offer price
123.2
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn36%
FL T. Rowe Pr Gbl Hi Yld Bd Pn32.1%
LV= Investec Emg Mkts Debt Pn29.3%
OMW Old Mutual Emg Mkt Dt26.9%
Canlife Tndle Emg Mkt Bond Pn26.9%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • USA43.1%
    UK18.7%
    Luxembourg9.1%
    Netherlands8.8%
    Others5.7%
  • BB49.8%
    B38.6%
    BBB6.3%
    Money Market2.1%
    CCC1.8%
  • US Fixed Interest43.1%
    UK Fixed Interest21.1%
    Luxembourg Fixed Interest9.1%
    Dutch Fixed Interest8.8%
    Global Fixed Interest5.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%4.5%21.7%26.5%--
Sector-5.8%-0.3%11.2%17.9%13.4%27.8%
Rank within sector8 / 213 / 214 / 216 / 20--
Quartile2nd1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund27.1%----
Sector19.1%-5.8%1.8%-3.4%13.7%
Rank within sector6 / 20----
Quartile2nd
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 high121.6
52 week low89.2
Current bid price117.1
Current offer price123.2
Current mid price-
Region
1USA43.1%
2UK18.7%
3Luxembourg9.1%
4Netherlands8.8%
5Others5.7%
6France3%
7Canada2.7%
8Money Market2.5%
9Jersey2.4%
Industry sector
1BB49.8%
2B38.6%
3BBB6.3%
4Money Market2.1%
5CCC1.8%
6A0.6%
7AAA0.6%
8Non-Rated0.2%
Asset type
1US Fixed Interest43.1%
2UK Fixed Interest21.1%
3Luxembourg Fixed Interest9.1%
4Dutch Fixed Interest8.8%
5Global Fixed Interest5.7%
6French Fixed Interest3%
7Canadian Fixed Interest2.7%
8Money Market2.5%
9American Emerging Fixed Interest1.7%
Individual holdings
1VTR FINANCE BV 6.875% BDS 15/01/2024 USD2000002%
2CABOT FINANCIAL LUXEMBOURG SA 6.5% BDS 01/04/21 GBP100000REG S1.4%
3FRONTIER COMMUNICATIONS CORP 7.125% BDS 15/01/23 USD10001.4%
4OLD MUTUAL PLC 7.875% SUB NTS 03/11/25 GBP1000001.4%
5WIND ACQUISITION FINANCE SA 7.375% BDS 23/04/21 USD200000REG S1.3%
6CIMPRESS NV 7% BDS 01/04/22 USD1500001.2%
7JERROLD FINCO PLC 6.25% BDS 15/09/21 GBP1000001.2%
8ONEX WIZARD ACQUISITION CO II 7.75% BDS 15/02/23 EUR1000144A1.2%
9UPCB FINANCE IV LTD 5.375% BDS 15/01/25 USD2000001.2%
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 Wagner24/09/2014Bastian 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.
Christine Johnson24/09/2014Christine 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
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 price117.1
Offer price123.2
Mid price-
CurrencyGBX
Price updated01/12/2016
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 price124.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM5KN
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.