Fact sheet: OMW Schroder Strategic Cr

Fund information
Fund name
OMW Schroder Strategic Credit Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Peter Harveysince 03/04/2006
Underlying fund
Schroder Strategic Credit
Fund objective
The OMW Schroder Strategic Credit Fund invests solely in the Schroder Strategic Credit Fund, a Sub-Fund of Schroder Unit Trusts Limited, a UK authorised Open Ended Investment Company managed by Schroder Unit Trusts Limited. The aim of the underlying fund is to generate a total return above Sterling cash interest rates, primarily through a flexible allocation to investment grade bonds, non-investment grade bonds and derivative instruments. 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 markets 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
  • 3-month Treasury bills
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.1%
1 Year rank in sector
127/167
Sector
PN Sterling Strategic Bond
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.
17
Bid price
165.3
Offer price
173.9
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc16.2%
AXA Wealth AXA Fram Mgd Inc Pn16.1%
Canlife AXA Fram Mgd Inc Pn15.9%
L&G Artemis High Income Pn15%
LV= Artemis High Income Pn14.8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK46.4%
    Germany10.2%
    France8.9%
    USA5.2%
    Luxembourg4.4%
  • Industrials62.1%
    Financials24.7%
    Utilities6.1%
    Mortgage & Secured Bonds5.7%
    Government Agency Bonds0.7%
  • UK Fixed Interest46.4%
    German Fixed Interest10.2%
    French Fixed Interest8.9%
    US Fixed Interest5.2%
    Luxembourg Fixed Interest4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%2.5%2.3%8.1%10%24.6%
Sector0.8%2.5%1.2%10%13.2%35.3%
Rank within sector120 / 17395 / 17261 / 171127 / 167120 / 156121 / 143
Quartile3rd3rd2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.6%5.4%1.9%1.7%4.1%
Sector1.2%6.7%0.7%5.6%5.9%
Rank within sector55 / 172122 / 16758 / 162148 / 155110 / 151
Quartile2nd3rd2nd4th3rd
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.
0.13
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.
0.72
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%.
2.7
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.
1.64
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.
-0.61
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.
0.74
Price movement
52 week high165.2
52 week low152.9
Current bid price165.3
Current offer price173.9
Current mid price-
Region
1UK46.35%
2Germany10.24%
3France8.93%
4USA5.25%
5Luxembourg4.44%
6Netherlands4.26%
7Spain4.2%
8Italy3.17%
9Canada2.79%
Industry sector
1Industrials62.15%
2Financials24.65%
3Utilities6.1%
4Mortgage & Secured Bonds5.74%
5Government Agency Bonds0.7%
6Derivatives0.66%
7Money Market0.01%
Asset type
1UK Fixed Interest46.35%
2German Fixed Interest10.24%
3French Fixed Interest8.93%
4US Fixed Interest5.25%
5Luxembourg Fixed Interest4.44%
6Dutch Fixed Interest4.26%
7Spanish Fixed Interest4.2%
8Italian Fixed Interest3.17%
9Canadian Fixed Interest2.79%
Individual holdings
1BPCE SA FRN 06/03/17 GBP1000002.07%
2ABN AMRO BANK NV FRN 30/11/18 GBP1000001.84%
3SCHAEFFLER FINANCE BV 4.75% BDS 15/05/23 USD200000 144A1.54%
4SAINSBURY(J) 6.5% UNDATED BDS GBP1000 REG S1.42%
5DEUT PFANDBRIEFBANK AG FRN 13/01/20 GBP1000001.23%
6INFINIS PLC 7% BDS 15/02/19 GBP100000 REG S1.23%
7KONINKLIJKE KPN NV 6.875% BDS 14/03/73 GBP10001.22%
8HORIZON HOLDINGS III SASU BDS 01/08/22 EUR1000001.16%
9CABLE & WIRELESS INTERN FINANCE BV 8.625% BDS 25/MAR/2019 GBP100 '1077'1.11%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Schroder Strategic Credit Fund invests solely in the Schroder Strategic Credit Fund, a Sub-Fund of Schroder Unit Trusts Limited, a UK authorised Open Ended Investment Company managed by Schroder Unit Trusts Limited. The aim of the underlying fund is to generate a total return above Sterling cash interest rates, primarily through a flexible allocation to investment grade bonds, non-investment grade bonds and derivative instruments. 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 markets 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
  • 3-month Treasury bills
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Peter Harvey03/04/2006Peter Harvey joined Cazenove Capital in 2005 and is Head of Credit and manager of the Cazenove Strategic Debt Fund and the Morningstar OBSR Bronze rated Cazenove Strategic Bond Fund. Peter joined from F&C Management Ltd where he had been Head of UK Credit. He is a Director of Cazenove Capital and has 22 years’ experience analysing and investing in corporate debt. Peter graduated with a 2.1 degree from the University of St Andrews.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Schroder Strategic Credit Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.87%
Bid price165.3
Offer price173.9
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE6B4
OMW Schroder Strategic Credit SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price185
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE6B5
Data provided by

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