Fact sheet: OMW Schroder Mth High Income

Fund information
Fund name
OMW Schroder Mth High Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Michael Scottsince 31/07/2012
Underlying fund
Schroder Monthly High Income
Fund objective
The OMW Schroder Monthly High Income Fund invests solely in the Schroder Monthly High Income fund, a UK Authorised Unit trust managed by Schroder Unit Trusts Limited. The aim of the underlying fund is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. 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 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
  • IA GBP High Yield
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.4%
1 Year rank in sector
16/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£2m (£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
256.8
Offer price
270.3
Top in this sector
Fund name1 Year
L&G High Income Pn11.1%
Aviva Invtec M High Inc Pn10.6%
Aviva JPM Gbl HighYldBd Pn10.5%
SIP JPM Gbl Hi Yd Bd Pn10.1%
LV= Investec Monthly Hi Inc Pn9.9%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK31.5%
    USA11%
    Italy8.4%
    Brazil7.8%
    Luxembourg6.8%
  • Industrials45.3%
    Financials34%
    Government Agency Bonds8.3%
    Utilities6%
    Mortgage & Secured Bonds3%
  • UK Fixed Interest31.5%
    US Fixed Interest11%
    Italian Fixed Interest8.4%
    Brazilian Fixed Interest7.8%
    Luxembourg Fixed Interest6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%0%5.3%8.4%22%65.1%
Sector-0.7%-0.7%4.6%7.4%14.6%48.8%
Rank within sector54 / 5714 / 5712 / 5716 / 565 / 494 / 46
Quartile4th1st1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.6%5%5.1%8.1%21.5%
Sector9.2%-0.1%4.4%6.8%19.3%
Rank within sector21 / 564 / 5411 / 4920 / 4912 / 46
Quartile2nd1st1st2nd2nd
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.
2.55
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.
0.99
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.
0.88
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%.
4.75
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.
2.17
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.
1.15
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 high260.2
52 week low223.1
Current bid price256.8
Current offer price270.3
Current mid price-
Region
1UK31.48%
2USA10.99%
3Italy8.4%
4Brazil7.82%
5Luxembourg6.79%
6Germany5.4%
7France5.08%
8Austria2.97%
9Spain2.79%
Industry sector
1Industrials45.28%
2Financials33.98%
3Government Agency Bonds8.27%
4Utilities5.95%
5Mortgage & Secured Bonds2.99%
6Government Bonds2.78%
7Money Market2.06%
8Derivatives-1.31%
Asset type
1UK Fixed Interest31.48%
2US Fixed Interest10.99%
3Italian Fixed Interest8.4%
4Brazilian Fixed Interest7.82%
5Luxembourg Fixed Interest6.79%
6German Fixed Interest5.4%
7American Emerging Fixed Interest5.14%
8French Fixed Interest5.08%
9Austrian Fixed Interest2.97%
Individual holdings
1ECUADOR(REPUBLIC OF) 10.75% BDS 28/03/22 USD10002.02%
2EDF 5% UNDATED NTS EUR1000001.73%
3GENERALI FINANCE BV 0% BDS 21/11/25 EUR1000001.71%
4GAZ CAPITAL SA 8.625% NOTE 28/04/34 USD1000 `REGS`1.64%
5IDH FINANCE PLC 6.25% BDS 15/08/22 GBP1000001.54%
6BAWAG PSK INVEST GMBH 8.125% MTN 30/10/23 EUR1000001.49%
7BRAZIL(FEDERATIVE REPUBLIC OF) 7.125% BDS 20/01/37 USD10001.46%
8NEW LOOK SENIOR ISSUER PLC 8% BDS 01/07/23 GBP1000001.44%
9OASIS PETROLEUM INC 6.875% BDS 15/03/22 USD10001.44%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Schroder Monthly High Income Fund invests solely in the Schroder Monthly High Income fund, a UK Authorised Unit trust managed by Schroder Unit Trusts Limited. The aim of the underlying fund is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. 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 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
  • IA GBP High Yield
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Michael Scott31/07/2012Michael Scott transferred to the European and UK credit desk as a Portfolio Manager in 2010. He initially joined Schroders in 2006 as a European Industrials credit analyst, covering investment grade and high yield issuers. Prior to this, Michael worked at Cazenove from 2005. Michael holds a BA (Hons) degree in geography from Oxford University, and is a CFA charter holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Schroder Mth High Income Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.09%
Bid price256.8
Offer price270.3
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSP84
OMW Schroder Mth High Income SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price304
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS973
Data provided by

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