Fact sheet: OMW Schroder MM Diversity Income

Fund information
Fund name
OMW Schroder MM Diversity Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Marcus Brookessince 15/12/2010
  • Robin McDonaldsince 15/12/2010
Underlying fund
Schroder MM Diversity Income
Fund objective
The OMW Schroder MM Diversity Income fund invests solely in the Schroder MM Diversity Income fund, a UK authorised Unit Trust, managed by Schroder Unit Trusts Limited. The aim of the underlying fund is to seek to deliver a capital return over a rolling five-year period that is in line with, or above, the consumer price index while also aiming to provide an income distribution of 4 per cent per annum. 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. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. The underlying fund invests in Private Equity firms who are not subject to the same reporting requirements as public companies and can, as a result be opaque and illiquid. This can increase the risk of the fund being more volatile and investors should expect above average price increases or decreases. 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
  • Consumer Price Index (CPI)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.1%
1 Year rank in sector
292/462
Sector
PN Mixed Investment 20%-60% Shares
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.
33
Bid price
101.6
Offer price
106.9
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn25.2%
AXA Wealth TEAMS cl Gvn ptfl VPn19.1%
AXA Wealth TEAMS cl Gvn ptfl IVPn18.4%
AXA Wealth TEAMS cl Gvn ptfl IIIPn16.4%
Aviva Invtec Caut Mgd Pn16%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • Not Specified30.1%
    UK27.7%
    Money Market19.3%
    International17.6%
    Europe ex UK3.1%
  • No data available.
  • UK Equities27.7%
    Money Market19.3%
    International Equities17.6%
    Global Fixed Interest12.7%
    Hedge12.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.4%-0.7%4.3%6.1%--
Sector-1.1%-2%5.8%8.1%17.7%38.5%
Rank within sector495 / 529138 / 529358 / 517292 / 462--
Quartile4th2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.2%-1.2%---
Sector8.4%1.3%6%8.3%9.4%
Rank within sector300 / 463382 / 425---
Quartile3rd4th
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 high104.5
52 week low94
Current bid price101.6
Current offer price106.9
Current mid price-
Region
1Not Specified30.13%
2UK27.73%
3Money Market19.32%
4International17.62%
5Europe ex UK3.1%
6Japan2.1%
Industry sector
No data available.
Asset type
1UK Equities27.74%
2Money Market19.32%
3International Equities17.62%
4Global Fixed Interest12.71%
5Hedge12.71%
6Commodity & Energy4.7%
7Europe ex UK Equities3.1%
8Japanese Equities2.1%
Individual holdings
1RWC ENHANCED INCOME B DIS GBP20.3%
2RWC GLOBAL ENHANCED DIVIDEND B DIST GBP17.55%
3SCHRODER STERLING LIQUIDITY PLUS I DIS16.98%
4MAJEDIE TORTOISE G GBP7.19%
5SCHRODER STRATEGIC CREDIT L INC5.02%
6MAJEDIE UK INCOME X INC3.63%
7MORG STNLY DIVERSIFIED ALPHA PLUS ZH GBP3.53%
8BLACKROCK GOLD & GENERAL A ACC3.13%
9SCHRODER EUROPEAN ALPHA INCOME Z INC3.08%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Schroder MM Diversity Income fund invests solely in the Schroder MM Diversity Income fund, a UK authorised Unit Trust, managed by Schroder Unit Trusts Limited. The aim of the underlying fund is to seek to deliver a capital return over a rolling five-year period that is in line with, or above, the consumer price index while also aiming to provide an income distribution of 4 per cent per annum. 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. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. The underlying fund invests in Private Equity firms who are not subject to the same reporting requirements as public companies and can, as a result be opaque and illiquid. This can increase the risk of the fund being more volatile and investors should expect above average price increases or decreases. 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
  • Consumer Price Index (CPI)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Marcus Brookes15/12/2010Marcus Brookes, Head of Multi-Manager, joined Schroders in July 2013 following the acquisition of Cazenove Capital. Previous to the acquisition he was the Head of Multi Manager at Cazenove Capital, which he joined in January 2008. Prior to this Marcus was the Deputy Head of Multi Manager at Gartmore, a position he held from November 2004. Up to this time he spent 3.5 years from May 2001 as the Co-Manager of Multi Manager, at Rothschild Asset Management. Marcus began his career on 28 September 1994 when he joined Friends, Ivory and Sime, where he became the Multi Manager Fund Manager. Marcus qualified from University of Stirling with MSc. Investment Analysis.
Robin McDonald15/12/2010Robin McDonald joined Cazenove in October 2007. He is Co-Manager of Cazenove's Multi-Manager range of funds. Prior to joining Cazenove, Robin worked as an Analyst at Gartmore Investment Management, where his responsibilities included asset allocation, fund selection and portfolio construction. Prior to joining Gartmore, Robin held a similar position at Insight Investment, following its acquisition of Rothschild Asset Management in 2003. Robin is a Director of Cazenove Capital and has 13 years investment experience and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Schroder MM Diversity Income Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.39%
Bid price101.6
Offer price106.9
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKVXJ
OMW Schroder MM Diversity Income SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price108.6
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKVXK
Data provided by

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