Fact sheet: OMW Thrdndle UK Absol Alpha

Fund information
Fund name
OMW Threadneedle UK Absolute Alpha Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Mark Westwoodsince 30/09/2010
  • Chris Kindersince 30/09/2010
Underlying fund
Threadneedle UKAbsAlp
Fund objective
The OMW Threadneedle UK Absolute Alpha fund invests solely in the Threadneedle UK Absolute Alpha fund, a sub fund of Threadneedle Specialist Investment Funds ICVC, a UK authorised Open Ended Investment Company, managed by Threadneedle Investment Services Limited. The underlying fund seeks to achieve an absolute return, irrespective of market conditions, over the long term and a positive return over a 12 month period. There is a risk to capital, and there is no guarantee that such a return will be achieved within 12 months, or any other timescale. The underlying Fund will principally invest in: equity securities, or equity related derivatives, of corporate issuers headquartered in the United Kingdom (or corporate issuers who exercise a predominant part of their activity in the United Kingdom) fixed interest securities, cash, or money market instruments. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager of the underlying fund charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the GBP 3 month LIBOR rate (“the Benchmark”). The fee is calculated daily and deducted once a year at the end December.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
-5.9%
1 Year rank in sector
500/514
Sector
PN Specialist
Yield
-
Fund size
£2m (£2m 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.
37
Bid price
111.4
Offer price
117.2
Top in this sector
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OMW InvescoPerpetualEmgEurpn44.4%
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Performance snapshot

Holdings snapshot

  • No data available.
  • Financials12.1%
    Consumer Goods9.6%
    Consumer Services9.2%
    Industrials8%
    Health Care6.3%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%-2%-4.9%-5.9%6.2%-
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector174 / 546412 / 545529 / 531500 / 514309 / 386-
Quartile2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-6.2%6.5%4.8%9.8%-
Sector9.3%2%7.2%11%7.7%
Rank within sector503 / 51470 / 450237 / 388152 / 357-
Quartile4th1st3rd2nd
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.
0.35
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.
0.21
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%.
4.01
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.
6.01
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.
0.1
Price movement
52 week high118.8
52 week low110.6
Current bid price111.4
Current offer price117.2
Current mid price-
Region
No data available.
Industry sector
1Financials12.1%
2Consumer Goods9.6%
3Consumer Services9.2%
4Industrials8%
5Health Care6.3%
6Basic Materials3.7%
7Oil & Gas1.2%
8Telecommunications0.8%
9Technology-0.2%
Asset type
No data available.
Individual holdings
1IMPERIAL BRANDS PLC2.5%
2LONDON STOCK EXCHANGE GROUP2.5%
3COMPASS GROUP2.4%
4DIAGEO PLC2.4%
5INFORMA PLC2.4%
6ROYAL DUTCH SHELL2.4%
7RELX PLC2.3%
8GLAXOSMITHKLINE2.2%
9SMITH & NEPHEW PLC2.2%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Threadneedle UK Absolute Alpha fund invests solely in the Threadneedle UK Absolute Alpha fund, a sub fund of Threadneedle Specialist Investment Funds ICVC, a UK authorised Open Ended Investment Company, managed by Threadneedle Investment Services Limited. The underlying fund seeks to achieve an absolute return, irrespective of market conditions, over the long term and a positive return over a 12 month period. There is a risk to capital, and there is no guarantee that such a return will be achieved within 12 months, or any other timescale. The underlying Fund will principally invest in: equity securities, or equity related derivatives, of corporate issuers headquartered in the United Kingdom (or corporate issuers who exercise a predominant part of their activity in the United Kingdom) fixed interest securities, cash, or money market instruments. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager of the underlying fund charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the GBP 3 month LIBOR rate (“the Benchmark”). The fee is calculated daily and deducted once a year at the end December.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Westwood30/09/2010Mark Westwood joined the company in August 2006 as a portfolio manager in the UK equities team. He manages the Threadneedle UK Select Fund and co-manages the Threadneedle UK Absolute Alpha Fund. He also has research responsibility for the travel & leisure, telecoms and other financials sectors. He started his portfolio management career in 1998 with Legg Mason before moving to Morley in 2005. Mark graduated with a BSc (hons) in materials science from Manchester University. He also holds a PhD in materials science and is an associate member of the Institute of Investment Management and Research.
Chris Kinder30/09/2010Chris Kinder joined the company as a portfolio manager in the UK equities team in 2010. His main responsibilities are the management of the Threadneedle UK Fund and Threadneedle UK Extended Alpha Fund, the co-management of the Threadneedle UK Absolute Alpha Fund and the co-management of a number of institutional portfolios. He is also responsible for coverage of the aerospace and defence, oil services, mining and banking sectors and for idea generation for the wider UK equity team. Before joining the company Chris was an assistant fund manager at RWC Partners. He has also worked at Govett Investments, gaining experience in smaller companies’ analysis. Chris is a qualified chartered accountant, having worked at PricewaterhouseCoopers for four years before joining the investment management industry. Chris holds a degree in Modern European Languages from Durham University. He also holds the Chartered Financial Analyst designation.
Compliance
UCITS III Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Threadneedle UK Absolute Alpha Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.44%
Bid price111.4
Offer price117.2
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10KV
OMW Threadneedle UK Absolute Alpha SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.44%
Bid price-
Offer price-
Mid price121.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10KW
Data provided by

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