Fact sheet: OMW Schroder UK Corp Bond

Fund information
Fund name
OMW Schroder UK Corporate Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Jonathan Golansince 28/02/2017
  • Alix Stewartsince 05/06/2008
  • Teamsince 05/06/2008
Underlying fund
Schroder UK Corporate Bond
Fund objective
The OMW Schroder UK Corporate Bond Fund invests solely in the Schroder UK Corporate Bond 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 achieve a high income return together with capital growth by investing primarily in fixed income instruments including bonds, notes of fixed and variable interest, preference shares, convertibles and other securities issued by government, quasi-government, supranational bank and corporate entities, and derivative instruments. 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
  • Bank of America Merrill Lynch Sterling Corporate & Collateralised
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
10.6%
1 Year rank in sector
40/262
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£5m (£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.
47
Bid price
185.2
Offer price
194.9
Top in this sector
Fund name1 Year
OMW IPL L&G AAA CrpBdOv15YIx Pn15%
BlackRock DC AqOv 15 YCrp BdIx HP14.2%
L&G PMC AAAAAA CpBd Ov15Y Id Pn13.6%
Aviva AT SF Corp Bd Pn13.1%
AEGON Long Core Plus Pn13.1%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK60%
    France9.1%
    USA7.8%
    Money Market4.5%
    Germany3.5%
  • Financials32.1%
    Industrials26.5%
    Mortgage & Secured Bonds18.5%
    Utilities16.6%
    Money Market4.5%
  • UK Fixed Interest60%
    French Fixed Interest9.1%
    US Fixed Interest7.8%
    Money Market4.5%
    German Fixed Interest3.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%3.2%-1.5%10.6%19.8%35%
Sector0.8%2.3%-1.2%8.5%20%36.9%
Rank within sector75 / 26815 / 266176 / 26640 / 262120 / 236134 / 217
Quartile2nd1st3rd1st3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.2%10.4%-0.7%9.4%1.4%
Sector1.4%9.4%0.2%10.5%1%
Rank within sector18 / 26671 / 262212 / 247165 / 236102 / 227
Quartile1st2nd4th3rd2nd
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.
-0.74
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.
1.11
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.
0.43
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%.
6.15
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.
1.26
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.
-0.08
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.
0.97
Price movement
52 week high191.7
52 week low167.4
Current bid price185.2
Current offer price194.9
Current mid price-
Region
1UK60%
2France9.13%
3USA7.81%
4Money Market4.55%
5Germany3.51%
6Netherlands2.74%
7Italy2.62%
8Spain1.96%
9Denmark1.5%
Industry sector
1Financials32.09%
2Industrials26.47%
3Mortgage & Secured Bonds18.55%
4Utilities16.62%
5Money Market4.53%
6Government Bonds1.07%
7Government Agency Bonds0.71%
8Derivatives-0.04%
Asset type
1UK Fixed Interest60%
2French Fixed Interest9.13%
3US Fixed Interest7.81%
4Money Market4.55%
5German Fixed Interest3.51%
6Dutch Fixed Interest2.74%
7Italian Fixed Interest2.62%
8Spanish Fixed Interest1.96%
9Danish Fixed Interest1.5%
Individual holdings
1AT&T INC 7% BDS 30/04/40 GBP(VAR)1.64%
2AXA 5.625% BDS 16/01/54 GBP10001.5%
3DIGITAL STOUT HLDGS LLC 4.25% BDS 17/01/25 GBP1000001.48%
4NATIONAL GRID GAS FINANCE PLC 2.75% INST 22/09/46 GBP1000001.39%
5BANK OF SCOTLAND PLC 7.281% FXD/FLTG PERP GBP1000 SER`B`REG`S1.29%
6E.ON INTERNATIONAL FINANCE 6.75% MTN 27/01/39 GBP500001.28%
7ORANGE SA 5.375% BDS 22/11/50 GBP500001.27%
8EDF 5.5% BDS 17/10/41 GBP1000001.22%
9INTERCONTINENTAL HOTELS GROUP 3.875% NTS 28/11/22 GBP1000001.11%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Schroder UK Corporate Bond Fund invests solely in the Schroder UK Corporate Bond 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 achieve a high income return together with capital growth by investing primarily in fixed income instruments including bonds, notes of fixed and variable interest, preference shares, convertibles and other securities issued by government, quasi-government, supranational bank and corporate entities, and derivative instruments. 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
  • Bank of America Merrill Lynch Sterling Corporate & Collateralised
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Jonathan Golan28/02/2017
Alix Stewart05/06/2008Alix Stewart joined Schroders in 2012 as a Credit Portfolio Manager. Prior to joining Schroders Alix worked for UBS Global Asset Management as Head of UK Fixed Interest and before that as fund manager of Global Corporate Bonds. She graduated from University of Leeds with a BSc (Hons) in Economic and Mathematics. Alix has 20 years’ investment experience.
Team05/06/2008
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Schroder UK Corporate Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.83%
Bid price185.2
Offer price194.9
Mid price-
CurrencyGBX
Price updated23/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeYI93
OMW Schroder UK Corporate Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price216.8
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZY84
Data provided by

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