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
4.1%
1 Year rank in sector
106/168
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.
16
Bid price
161.5
Offer price
169.9
Top in this sector
Fund name1 Year
Canlife AXA Fram Mgd Inc Pn9.3%
AXA Wealth AXA Fram Mgd Inc Pn9.3%
OMW AXA Framlington Mgd Inc9.2%
FL Artemis Stra Bd AP8.2%
Aviva Higher Inc Plus Pn7.8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK49.2%
    France9.1%
    Germany8.6%
    Luxembourg5.9%
    USA5.6%
  • Industrials66%
    Financials23.9%
    Utilities5.8%
    Money Market3.2%
    Mortgage & Secured Bonds3.2%
  • UK Fixed Interest49.2%
    French Fixed Interest9.1%
    German Fixed Interest8.6%
    Luxembourg Fixed Interest5.9%
    US Fixed Interest5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.4%2.2%4.1%8.8%27.5%
Sector-0.5%-1.6%2.7%4.9%12.8%38.8%
Rank within sector52 / 17249 / 172107 / 172106 / 168123 / 155128 / 143
Quartile2nd2nd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.6%1.9%1.7%4.1%12.7%
Sector5.6%0.7%5.6%5.9%15.8%
Rank within sector109 / 16858 / 163148 / 155110 / 151124 / 143
Quartile3rd2nd4th3rd4th
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.
-0.07
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%.
2.65
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.
1.58
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.
-0.74
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.
0.76
Price movement
52 week high162.3
52 week low151.8
Current bid price161.5
Current offer price169.9
Current mid price-
Region
1UK49.22%
2France9.09%
3Germany8.56%
4Luxembourg5.89%
5USA5.55%
6Spain4.22%
7Italy3.23%
8Money Market3.22%
9Ireland2.61%
Industry sector
1Industrials66.02%
2Financials23.94%
3Utilities5.81%
4Money Market3.22%
5Mortgage & Secured Bonds3.16%
6Government Agency Bonds0.62%
7Derivatives-2.77%
Asset type
1UK Fixed Interest49.22%
2French Fixed Interest9.09%
3German Fixed Interest8.56%
4Luxembourg Fixed Interest5.89%
5US Fixed Interest5.55%
6Spanish Fixed Interest4.22%
7Italian Fixed Interest3.23%
8Money Market3.22%
9Irish Fixed Interest2.61%
Individual holdings
1BPCE SA FRN 06/03/17 GBP1000002.11%
2VIRGIN MEDIA SECURED FINANCE PLC 6% BDS 15/04/21 GBP1000 REG S1.77%
3SAINSBURY(J) 6.5% UNDATED BDS GBP1000 REG S1.41%
4SCHAEFFLER FINANCE BV 4.75% BDS 15/05/23 USD200000 144A1.41%
5UNITYMEDIA HESSEN / NRW 5.5% BDS 15/01/23 USD200000 144A1.29%
6INFINIS PLC 7% BDS 15/02/19 GBP100000 REG S1.21%
7PLAY FINANCE 2 SA 5.25% NTS 01/02/19 EUR100000 REG S1.18%
8HORIZON HOLDINGS III SASU BDS 01/08/22 EUR1000001.16%
9CABLE & WIRELESS INTERN FINANCE BV 8.625% BDS 25/MAR/2019 GBP100 '1077'1.15%
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)0.81%
Bid price161.5
Offer price169.9
Mid price-
CurrencyGBX
Price updated07/12/2016
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)0.81%
Bid price-
Offer price-
Mid price180.4
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE6B5
Data provided by

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