Fact sheet: OMW Schroder Inc Maximisr

Fund information
Fund name
OMW Schroder Income Maximiser Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Mike Hodgsonsince 25/07/2016
  • Kevin Murphysince 25/07/2016
  • Nick Kirragesince 25/07/2016
Underlying fund
Schroder Income Maximiser
Fund objective
The OMW Schroder Income Maximiser fund invests solely in the Schroder Income Maximiser fund, a UK authorised Unit Trust managed by Schroder Trusts Limited. The underlying fund seeks to provide income with potential for capital growth primarily through investment in equity and equity-related securities of UK companies. The underlying fund will also use derivative instruments to generate additional income.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 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 adjustment and the OMW investment process.
Benchmark
  • FTSE All Share TR
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
25.6%
1 Year rank in sector
37/225
Sector
PN UK Equity Income
Yield
-
Fund size
£2m (£3m 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.
120
Bid price
191.4
Offer price
201.4
Top in this sector
Fund name1 Year
OMW IPLM&GGlLePn41.9%
OMW UBS UK Equity Income41.6%
OMW IPLMaUkEqPn34%
LV= Schroder Income Pn33.3%
FL Schroder Inc AP32.7%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK83.2%
    USA13.1%
    Australia3%
    Money Market1.5%
    Not Specified-0.9%
  • Financials31.3%
    Consumer Services17.5%
    Health Care11.3%
    Oil & Gas10.4%
    Technology8.5%
  • UK Equities83.3%
    US Equities13.3%
    Australian Equities2.8%
    Money Market1.7%
    Alternative Investment Strategies-1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.5%6%10.8%25.6%16.1%67.5%
Sector2.6%6.2%5.1%20%20%60.7%
Rank within sector46 / 231132 / 23116 / 22937 / 225165 / 20567 / 193
Quartile1st3rd1st1st4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.2%19.2%-6.4%2.9%23.8%
Sector2.4%11.5%3.9%3.7%23.2%
Rank within sector131 / 23132 / 225203 / 220135 / 205100 / 197
Quartile3rd1st4th3rd3rd
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.
-1.83
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.
1.09
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.
0.18
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%.
11.17
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.
5.23
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.
-0.26
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.
0.79
Price movement
52 week high192.7
52 week low149.3
Current bid price191.4
Current offer price201.4
Current mid price-
Region
1UK83.24%
2USA13.14%
3Australia2.97%
4Money Market1.5%
5Not Specified-0.85%
Industry sector
1Financials31.26%
2Consumer Services17.46%
3Health Care11.34%
4Oil & Gas10.42%
5Technology8.5%
6Basic Materials8.35%
7Utilities7.12%
8Telecommunications2.81%
9Industrials2.09%
Asset type
1UK Equities83.28%
2US Equities13.27%
3Australian Equities2.81%
4Money Market1.73%
5Alternative Investment Strategies-1.08%
Individual holdings
1HSBC HLDGS6.28%
2BP5.76%
3GLAXOSMITHKLINE5.32%
4ROYAL BANK OF SCOTLAND GROUP PLC4.9%
5AVIVA4.88%
6ROYAL DUTCH SHELL4.65%
7BARCLAYS PLC4.44%
8CENTRICA PLC4.39%
9PEARSON3.83%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Schroder Income Maximiser fund invests solely in the Schroder Income Maximiser fund, a UK authorised Unit Trust managed by Schroder Trusts Limited. The underlying fund seeks to provide income with potential for capital growth primarily through investment in equity and equity-related securities of UK companies. The underlying fund will also use derivative instruments to generate additional income.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 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 adjustment and the OMW investment process.
Benchmark
  • FTSE All Share TR
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Mike Hodgson25/07/2016Mike Hodgson is Head of Risk Managed Investments & Structuring at Schroders and has over 25 years of experience in financial markets. At Royal Bank of Scotland (formerly of ABN AMRO) he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.
Kevin Murphy25/07/2016Kevin Murphy, CFA is a Specialist Value UK Equity Fund Manager with 13 years investment experience. Previously he was a sector analyst for Pan European Construction and Building Materials. His Investment career commenced in 2000 at Schroders. He is a Chartered Financial Analyst and he holds a Degree in Economics from Manchester University.
Nick Kirrage25/07/2016Nick Kirrage, CFA is a Specialist Value UK Equity Fund Manager with 12 years investment experience. Previously a sector analyst responsible for a number of UK sectors including Transport and Metals & Mining. His investment career commenced in 2001 at Schroders. He is a Chartered Financial Analyst and holds a Degree in Aeronautical Engineering, Bristol University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Schroder Income Maximiser Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.3%
Bid price191.4
Offer price201.4
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCVF0
OMW Schroder Income Maximiser SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price214.7
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCVF1
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