Fact sheet: OMW Schroder Absolute Ret Bd

Fund information
Fund name
OMW Schroder Absolute Return Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • James Lindsay-Fynnsince 01/08/2016
  • Thomas Sartainsince 01/08/2016
  • Bob Jollysince 30/11/2011
  • Paul Graingersince 21/03/2016
Underlying fund
Schroder Absolute Rtn Bd
Fund objective
The OMW Schroder Absolute Return Bond fund invests solely in the Schroder Absolute Return Bond fund, a UK authorised Unit Trust managed by Schroder Unit Trusts Limited. The underlying fund aims to provide an absolute return by investing in fixed and floating rate securities issued by governments, government agencies and companies worldwide. Absolute return means the underlying fund seeks to provide a positive return over rolling 12-month periods in all market conditions, but this cannot be guaranteed and your capital is at risk. 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 for investment purposes, 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/shares. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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 adjustment and the OMW investment process.
Benchmark
  • LIBOR GBP 3 month
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
3.5%
1 Year rank in sector
425/531
Sector
PN Specialist
Yield
-
Fund size
£1m (£1m 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.
24
Bid price
197.9
Offer price
208.3
Top in this sector
Fund name1 Year
Scot Eq Technology Pn57.9%
SIP Fidelity Gbl Technology Pn56.4%
FL AXA Framlington Gbl Tech AP54.9%
Zurich AXAFramGblTechPn53.9%
OMW AXA Framlington Gbl Tech53.7%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • USA52.7%
    UK10.6%
    Mexico5%
    Germany3.5%
    Ireland3.2%
  • Government Bonds35.9%
    Financials22.2%
    Industrials15.7%
    Asset/Mortgage-Backed Securities10.5%
    Money Market5.3%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%1%1.8%3.5%-0.1%6.3%
Sector1.3%1.9%6.3%15.2%25.7%50.1%
Rank within sector485 / 554396 / 554463 / 549425 / 531371 / 395304 / 333
Quartile4th3rd4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.6%2.7%-4%2%0.8%
Sector4%11.6%2%7.2%11%
Rank within sector473 / 550399 / 514413 / 449321 / 387300 / 360
Quartile4th4th4th4th4th
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.
-0.93
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.
0.11
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%.
3.35
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.
6.12
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.
-1.2
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.
0.04
Price movement
52 week high199.5
52 week low189.9
Current bid price197.9
Current offer price208.3
Current mid price-
Region
1USA52.73%
2UK10.59%
3Mexico5.01%
4Germany3.47%
5Ireland3.19%
6Canada2.73%
7Brazil2.14%
8International1.87%
9Italy1.83%
Industry sector
1Government Bonds35.86%
2Financials22.23%
3Industrials15.69%
4Asset/Mortgage-Backed Securities10.49%
5Money Market5.34%
6Government Agency Bonds2.69%
7Derivatives2.02%
8Local Government Bonds1.95%
9Fixed Interest1.87%
Asset type
No data available.
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD10021.33%
2UNITED STATES OF AMER TREAS NOTES 0.375% NTS 15/01/27 USD1005.08%
3UNITED STATES OF AMER TREAS BILLS 0% TB 27/07/17 USD1002.2%
4ELEMENT RAIL LEASING II2.19%
5MEXICO(UNITED MEXICAN STATES) 7.5% BDS 03/06/27 MXN1002.02%
6MEXICO(UNITED MEXICAN STATES) 8.5%% BDS 31/05/29 MXN10002.02%
7SCHRODER ISF EMERGING MARKET BOND I ACC NAV USD1.83%
8WELLS FARGO BANK NA 2.15% BDS 06/12/19 USD2500001.83%
9ECAF I1.63%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Schroder Absolute Return Bond fund invests solely in the Schroder Absolute Return Bond fund, a UK authorised Unit Trust managed by Schroder Unit Trusts Limited. The underlying fund aims to provide an absolute return by investing in fixed and floating rate securities issued by governments, government agencies and companies worldwide. Absolute return means the underlying fund seeks to provide a positive return over rolling 12-month periods in all market conditions, but this cannot be guaranteed and your capital is at risk. 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 for investment purposes, 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/shares. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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 adjustment and the OMW investment process.
Benchmark
  • LIBOR GBP 3 month
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
James Lindsay-Fynn01/08/2016
Thomas Sartain01/08/2016Thomas Sartain is UK & European Money Market & Government Bond Fund Manager, based in London.He Joined Schroders in 2005 as fund manager’s assistant on the global fixed income desk. His Financial Markets career commenced in 2003 upon joining Royal Bank of Scotland. He has BA (Hons) degree in Management and Business Administration, University of Reading.
Bob Jolly30/11/2011Bob Jolly is a veteran portfolio manager and head of global macro strategy at Schroders having joined the company in 2011. Previously he worked as head of currency, UK fixed income and global sovereign portfolio management at UBS Global Asset Management. Prior to UBS, Bob spent over two decades at Gartmore Investment Management becoming head of UK, global and structured fixed income portfolio construction.
Paul Grainger21/03/2016Paul Grainger joined Schroders in 2015 as a Senior Portfolio Manager in the Fixed Income team, based in London. His earlier career began in 1995 within the BZW Securities graduate training programme where he rotated through Fixed Income sales and trading and into asset management at Barclays Global Investors. In 1999 he moved to Gartmore as a Senior Portfolio Manager and then moved to F&C Asset Management in 2003. In 2006 he moved to Wellington Management as a Portfolio Manager and latterly in 2014, co-founded a financial technology firm named yoyoDATA before moving to Schroders in 2015. Paul graduated from Exeter University in 1995 with a B.A. in Economics and European Studies and he is a Member of the United Kingdom Society of investment professionals and a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Schroder Absolute Return Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.88%
Bid price197.9
Offer price208.3
Mid price-
CurrencyGBX
Price updated25/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeS370
OMW Schroder Absolute Return Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price253
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS965
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.