Fact sheet: OMW Old Mutl InvGrd CorBd

Fund information
Fund name
OMW Old Mutual Investment Grade Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Lloyd Harrissince 03/11/2016
  • Tim Barkersince 03/11/2016
Underlying fund
Old Mutual InvGrdCorBd
Fund objective
The OMW Old Mutual Investment Grade Corporate Bond fund invests solely in the Old Mutual Investment Grade Corporate 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 income and capital growth predominantly through investment in a well-diversified portfolio of credit securities rated Investment Grade. 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
  • Bloomberg Barclays Global Aggregate Corporate Bond Index (hedged to USD)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3%
1 Year rank in sector
109/129
Sector
PN Global Fixed Interest
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.
26
Bid price
119.1
Offer price
125.3
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn24.4%
Scot Eq AegonIntcEgMtsLclCrDtPn22.3%
OMW M&G Glbl Government Bond16.4%
Scot Eq Ovrss Crp Bd Trkr Pn16.3%
Zurich L&G PreRtrmnt Infln Lkd16.1%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA53.3%
    UK16.2%
    Others5.6%
    Netherlands5.2%
    Canada4%
  • BBB40.6%
    A31.7%
    AA13.1%
    Non-Rated6.9%
    AAA4.5%
  • US Fixed Interest53.3%
    UK Fixed Interest16.2%
    Global Fixed Interest5.6%
    Dutch Fixed Interest5.2%
    Canadian Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%1.4%-2%3%5.7%12.8%
Sector0%1.2%-1.1%8.6%19.7%21.5%
Rank within sector114 / 14231 / 14161 / 139109 / 129101 / 10977 / 90
Quartile4th1st2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.1%3.2%-2%5.3%-2.9%
Sector0.7%14.1%-0.3%6.1%-3.6%
Rank within sector29 / 141117 / 12799 / 11964 / 10744 / 101
Quartile1st4th4th3rd2nd
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.
-0.22
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.
0.35
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%.
3.62
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.
4.78
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.
-0.86
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.
0.33
Price movement
52 week high122
52 week low115.9
Current bid price119.1
Current offer price125.3
Current mid price-
Region
1USA53.3%
2UK16.2%
3Others5.6%
4Netherlands5.2%
5Canada4%
6Germany3.8%
7France3.1%
8Ireland2.2%
9Sweden2.1%
Industry sector
1BBB40.6%
2A31.7%
3AA13.1%
4Non-Rated6.9%
5AAA4.5%
6BB3%
7Unknown0.2%
Asset type
1US Fixed Interest53.3%
2UK Fixed Interest16.2%
3Global Fixed Interest5.6%
4Dutch Fixed Interest5.2%
5Canadian Fixed Interest4%
6German Fixed Interest3.8%
7French Fixed Interest3.1%
8Irish Fixed Interest2.2%
9Swedish Fixed Interest2.1%
Individual holdings
1OM MONTHLY INCOME HIGH YIELD2.8%
2BRISTOL MYERS SQUIBB 3.25% BDS 27/02/27 USD20001.2%
3INTERNATIONAL BUS MACH CORP 2.5% BDS 27/01/22 USD1000001.2%
4METROPOLITAN LIFE GLOBAL FUNDING I1.2%
5TENN VALLEY AUTHORITIES 2.875% BDS 01/02/27 USD20001.2%
6BARCLAYS BANK PLC 7.875% PERP1.1%
7DEUTSCHE BANK AG 1.875% BDS 28/02/20 GBP10000001%
8NATIONAL AUSTRALIA BANK 1.125% BDS 10/11/21 GBP1000001%
9APPLE INC. 2.45% 04-AUG-20260.9%
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 Investment Grade Corporate Bond fund invests solely in the Old Mutual Investment Grade Corporate 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 income and capital growth predominantly through investment in a well-diversified portfolio of credit securities rated Investment Grade. 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
  • Bloomberg Barclays Global Aggregate Corporate Bond Index (hedged to USD)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Lloyd Harris03/11/2016Lloyd Harris, Senior Credit Analyst, joined OMGI in January 2012 as a senior credit analyst focusing on the financial sector. He was previously at Cutwater Asset Management (2007- 2011), initially as an asset-backed CP/ MTN trader, then as a European financials credit analyst. Prior to this, he worked in structured capital markets at Deutsche Bank (2002-2007), after completing the firm’s graduate training program. Lloyd graduated from University of Bristol with a BA (Hons) in Electronics and Telecommunications Engineering (2001), and is a part-qualified management accountant.
Tim Barker03/11/2016
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Old Mutual Investment Grade 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)1.37%
Bid price119.1
Offer price125.3
Mid price-
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK0E3
OMW Old Mutual Investment Grade 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)1.37%
Bid price-
Offer price-
Mid price131.8
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK0E4
Data provided by

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