Fact sheet: OMW Old Mutual Corp Bond

Fund information
Fund name
OMW Old Mutual Corporate Bond Pn Acc
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Christine Johnsonsince 05/04/2011
  • Lloyd Harrissince 30/04/2015
Underlying fund
Old Mutual Corporate Bond
Fund objective
The OMW Old Mutual Corporate Bond fund invests solely in the Old Mutual Corporate 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 return through investment in a diversified portfolio of fixed interest and other debt securities. 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
6.4%
1 Year rank in sector
175/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£10m (£12m 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.
50
Bid price
150.2
Offer price
158.1
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn15.3%
L&G PMC AAAAAA CpBd Ov15Y Id Pn13.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn13.2%
AEGON Long Core Plus Pn13%
MetLife Fid Corp Bd 16yr Pn12.4%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK54.5%
    USA17.3%
    Netherlands5.9%
    France4.4%
    Germany2.8%
  • Investment Grade Corporate Bonds94.7%
    Fixed Interest2.1%
    Money Market1.7%
    High Yield Bond1.5%
  • UK Fixed Interest54.5%
    US Fixed Interest17.3%
    Dutch Fixed Interest5.9%
    French Fixed Interest4.4%
    German Fixed Interest2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-6.1%2.7%6.4%12.8%41.8%
Sector-1.5%-4.8%2.5%7%18.9%38.7%
Rank within sector89 / 265250 / 26597 / 265175 / 259208 / 23573 / 210
Quartile2nd4th2nd3rd4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.9%-2.8%8.3%3.7%17%
Sector7.5%0.2%10.5%1%13.5%
Rank within sector174 / 260243 / 246197 / 23535 / 22632 / 210
Quartile3rd4th4th1st1st
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.
-1.35
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.
1.04
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.
0.17
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%.
6.1
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.
2.53
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.
-0.46
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.
0.83
Price movement
52 week high160.7
52 week low138.1
Current bid price150.2
Current offer price158.1
Current mid price-
Region
1UK54.54%
2USA17.28%
3Netherlands5.87%
4France4.35%
5Germany2.83%
6EU2.68%
7Others2.31%
8Australia2.1%
9Money Market1.7%
Industry sector
1Investment Grade Corporate Bonds94.7%
2Fixed Interest2.1%
3Money Market1.7%
4High Yield Bond1.5%
Asset type
1UK Fixed Interest54.54%
2US Fixed Interest17.28%
3Dutch Fixed Interest5.87%
4French Fixed Interest4.35%
5German Fixed Interest2.83%
6European Fixed Interest2.68%
7Global Fixed Interest2.31%
8Australian Fixed Interest2.1%
9Money Market1.7%
Individual holdings
1EUROPEAN INVESTMENT BANK 3.875% BDS 08/06/37 GBP10001.6%
2COMPASS GROUP 3.85% NTS 26/06/26 GBP1000001.3%
3TRANSPORT FOR LONDON 2.125% NTS 24/04/25 GBP1000001.3%
4EXPERIAN FINANCE PLC 3.5% BDS 15/10/21 GBP1000001.2%
5IMPERIAL TOBACCO FIN. PLC 4.875%1.2%
6J.P.MORGAN CHASE AND CO 2% 20221.2%
7NATIONAL GRID GAS FINANCE PLC 2.625% INST 22/09/38 GBP1000001.2%
8UK TREASURY STRIP 4.5% TREASURY STRIP 07/9/34 PRINCIPAL1.2%
9VERIZON COMMUNICATIONS INC 3.125% BDS 02/11/35 GBP1000001.2%
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 Corporate Bond fund invests solely in the Old Mutual Corporate 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 return through investment in a diversified portfolio of fixed interest and other debt securities. 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
Christine Johnson05/04/2011Christine 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.
Lloyd Harris30/04/2015Lloyd 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Old Mutual Corporate 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)0.85%
Bid price150.2
Offer price158.1
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA4N4
OMW Old Mutual Corporate 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)0.85%
Bid price-
Offer price-
Mid price169.5
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA4N5
Data provided by

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