Fact sheet: OMW Old Mutual UK Dynamic Equity

Fund information
Fund name
OMW Old Mutual UK Dynamic Equity Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Luke Kerrsince 29/06/2009
Underlying fund
Old Mutual UK Dynmc Eq
Fund objective
The OMW Old Mutual UK Dynamic Equity fund invests solely in the Old Mutual UK Dynamic Equity fund, a sub fund of Old Mutual Global Investors Series Plc, an authorised Investment Company with Variable Capital managed by Old Mutual Global Investors (UK) Limited. The aim of the underlying fund is to achieve capital appreciation by taking long and short positions principally in UK equities outside the FTSE 100 Index by investing in equities listed on Recognised Exchanges. Old Mutual UK Dynamic Equity Fund may also invest in equity-related securities (including preferred stocks and convertible bonds) and other collective investment schemes (including money market funds). In addition to the annual management charge of 1.50% of the underlying fund’s value, the fund manager charges a performance-related fee of 20% of the amount by which the fund’s performance exceeds that of FTSE 250 Index Excluding Investment Trusts (“the Benchmark). The fee is calculated daily and deducted semi-annually at the end December and June. For full details of the performance-related fee, see the fund manager’s prospectus at www.omglobalinvestors.com. The table below illustrates the performance-related fee for three different examples of fund performance. Note that these are examples only and not forecasts or guarantees. Outperformance of the fund compared with index Performance-related fee (20% of outperformance) Standard Annual Management Charge (AMC) Total Annualised fund charge -0.50% Nil 1.50% 1.50% 1.50% 0.30% 1.50% 1.80% 3.00% 0.60% 1.50% 2.10% The above figures do not include the effect of any expenses which are charged to the fund or Old Mutual Wealth product charges which are reflected in the pricing of OMW funds. 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 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
  • FTSE 250 ex Investment trust TR
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
7.1%
1 Year rank in sector
255/845
Sector
PN UK All Companies
Yield
-
Fund size
£1m (£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.
125
Bid price
125.4
Offer price
131.9
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn41.4%
Countrywide Equity Pn20.1%
Fidelity UBS UK Select Pn19.1%
Halifax IM UK Growth Pn18.8%
CM UBS UK Opportunities Pension18.6%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%1.5%5.4%7.1%--
Sector-1.3%-0.9%5.9%3.9%12.8%57.1%
Rank within sector248 / 867125 / 864516 / 863255 / 845--
Quartile2nd1st3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.2%----
Sector4.9%4.4%0.6%24.2%15.4%
Rank within sector471 / 845----
Quartile3rd
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 high131.2
52 week low102.3
Current bid price125.4
Current offer price131.9
Current mid price-
Region
1UK100%
Industry sector
1Industrials29.2%
2Consumer Services25.8%
3Financials15%
4Consumer Goods9.6%
5Technology7.4%
6Health Care4.6%
7Others4.1%
8Basic Materials3.8%
9Oil & Gas0.5%
Asset type
1UK Equities100%
Individual holdings
1PAYSAFE GROUP PLC8.6%
2JUST EAT PLC6.6%
3MELROSE INDUSTRIES PLC5.1%
4ASCENTIAL PLC5%
5MICRO FOCUS INTERNATIONAL5%
6SMART METERING SYSTEMS PLC4.1%
7RPC GROUP3.5%
8JD SPORTS FASHION PLC3.2%
9WORKSPACE GROUP PLC3.1%
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 UK Dynamic Equity fund invests solely in the Old Mutual UK Dynamic Equity fund, a sub fund of Old Mutual Global Investors Series Plc, an authorised Investment Company with Variable Capital managed by Old Mutual Global Investors (UK) Limited. The aim of the underlying fund is to achieve capital appreciation by taking long and short positions principally in UK equities outside the FTSE 100 Index by investing in equities listed on Recognised Exchanges. Old Mutual UK Dynamic Equity Fund may also invest in equity-related securities (including preferred stocks and convertible bonds) and other collective investment schemes (including money market funds). In addition to the annual management charge of 1.50% of the underlying fund’s value, the fund manager charges a performance-related fee of 20% of the amount by which the fund’s performance exceeds that of FTSE 250 Index Excluding Investment Trusts (“the Benchmark). The fee is calculated daily and deducted semi-annually at the end December and June. For full details of the performance-related fee, see the fund manager’s prospectus at www.omglobalinvestors.com. The table below illustrates the performance-related fee for three different examples of fund performance. Note that these are examples only and not forecasts or guarantees. Outperformance of the fund compared with index Performance-related fee (20% of outperformance) Standard Annual Management Charge (AMC) Total Annualised fund charge -0.50% Nil 1.50% 1.50% 1.50% 0.30% 1.50% 1.80% 3.00% 0.60% 1.50% 2.10% The above figures do not include the effect of any expenses which are charged to the fund or Old Mutual Wealth product charges which are reflected in the pricing of OMW funds. 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 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
  • FTSE 250 ex Investment trust TR
Investment style
No data available.
Investment method
Shares
Fund manager
NameSinceBiography
Luke Kerr29/06/2009Luke Kerr joined OMGI in 2001, and manages the Old Mutual UK Dynamic Equity Fund as part of OMGI's highly rated and multi-award winning UK Mid & Small Cap team. He was previously a consultant at Arthur Andersen (1997-2001). Luke has a BA in Chemistry from Oxford University (1997), is ACA qualified and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Old Mutual UK Dynamic Equity Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.82%
Bid price125.4
Offer price131.9
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM25B
OMW Old Mutual UK Dynamic Equity SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.82%
Bid price-
Offer price-
Mid price133.8
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM25C
Data provided by

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