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
  • Paul Graingersince 21/03/2016
  • Bob Jollysince 30/11/2011
  • Gareth Isaacsince 30/11/2011
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 aim of the underlying fund is to achieve a positive return over rolling 12 month periods, in all market conditions. The underlying fund will invest primarily in a portfolio of bonds and other fixed and floating rate securities denominated in various currencies issued by governments, government agencies, supra-national and corporate issuers 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. 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
  • LIBOR GBP 3 month
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1.7%
1 Year rank in sector
389/510
Sector
PN Specialist
Yield
-
Fund size
£1m (£2m 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.
23
Bid price
195.3
Offer price
205.5
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus38.7%
ReAssure AL NptRu&GtrRus Pn38.2%
L&G Nep Russia&Gtr Russia Pn38%
SIP Fidelity Gbl Technology Pn34.2%
OMW InvescoPerpetualEmgEurpn33.6%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • USA42.1%
    UK10.9%
    Canada7.6%
    Sweden5.9%
    International5.5%
  • Financials34.4%
    Industrials22.6%
    Government Bonds13.5%
    Asset/Mortgage-Backed Securities11.5%
    Fixed Interest5.5%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%1.3%1.3%1.7%-0.2%8.8%
Sector-1.8%-0.3%7.2%8.4%19.9%43%
Rank within sector155 / 546110 / 544393 / 531389 / 510356 / 386275 / 313
Quartile2nd1st3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2%-4%2%0.8%6.8%
Sector8.9%2%7.2%11%7.7%
Rank within sector388 / 514420 / 450326 / 388300 / 357203 / 318
Quartile4th4th4th4th3rd
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.
-0.05
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.
0.07
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%.
3.26
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.
6.24
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.
-0.96
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.
0.02
Price movement
52 week high196.7
52 week low185.4
Current bid price195.3
Current offer price205.5
Current mid price-
Region
1USA42.08%
2UK10.88%
3Canada7.57%
4Sweden5.94%
5International5.54%
6Belgium4.28%
7Ireland3.23%
8Germany2.68%
9China2.6%
Industry sector
1Financials34.39%
2Industrials22.58%
3Government Bonds13.51%
4Asset/Mortgage-Backed Securities11.46%
5Fixed Interest5.54%
6Government Agency Bonds5.33%
7Mortgage & Secured Bonds3.92%
8Money Market2.72%
9Local Government Bonds1.37%
Asset type
No data available.
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD10010.15%
2HSBC USA INC 1.7% BDS 05/03/18 USD1000002.68%
3SVENSK EXPORTKREDIT AKTIEBOLAGET 1.25% MTN 12/04/19 USD10002.55%
4ROYAL BANK OF CANADA FRN 13/10/17 USD10002.34%
5AFRICAN DEVELOPMENT BANK 1% MTN 15/05/19 USD10002.22%
6GOLDMAN SACHS GROUP INC FRN 22/05/17 USD20002.22%
7ELEMENT RAIL LEASING II2.14%
8EUROPEAN INVESTMENT BANK 1.25% BDS 16/12/19 USD10002.06%
9BELGIUM(KINGDOM OF) 1.125% MTN 05/03/18 USD10001.99%
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 aim of the underlying fund is to achieve a positive return over rolling 12 month periods, in all market conditions. The underlying fund will invest primarily in a portfolio of bonds and other fixed and floating rate securities denominated in various currencies issued by governments, government agencies, supra-national and corporate issuers 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. 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
  • LIBOR GBP 3 month
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Grainger21/03/2016Paul joined Gartmore in 1999 and is responsible for managing our gilt portfolios. His career began with BZW Securities, selling a wide varity of fixed income products. Paul subsequently moved to BGI, where he was responsible for trading and managing their fixed income index funds. Paul graduated from Exeter University in 1995 with a BA in Economics and European Studies. He has passed level II of the CFA examination.
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.
Gareth Isaac30/11/2011Gareth Isaac, CFA, is Senior Portfolio Manager, Multi Sector. He is Global fixed income fund manager, based in London. Gareth joined Schroders in 2011. In 2009, following their purchase of SGAM, he joined GLG Partners where he was a fixed income fund manager. In 2007, he worked as Senior Fixed Income Fund manager at Societe Generale Asset Management in Paris and in 2004 he became the Fixed Income Fund Manager at Axa Investment Managers. In 1998, he was an Assistant Fund Manager, then Fixed Income Manager at Newton Asset Management. Prior to this, Gareth worked at Manulife Financial and Midland Security Services. He graduated as BSc from the University of Glamorgan and is a member of the United Kingdom Society of Investment Professionals.
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)0.89%
Bid price195.3
Offer price205.5
Mid price-
CurrencyGBX
Price updated01/12/2016
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)0.89%
Bid price-
Offer price-
Mid price248.6
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS965
Data provided by

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