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 01/10/2010
  • Chris Kindersince 01/10/2010
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”) or 0% (whichever is the greater). The fee is calculated daily and deducted once a year at the end December. For full details of the performance-related fee, see the fund manager’s simplified prospectus at www.threadneedle.com. The table below illustrates the performance-related fee for three different examples of fund performance. Note that these are examples only and not forecasts or guarantees. Performance after AMC Performance related fee @ 20%* Standard Annual Management Charge (AMC) Total Annualised fund charge 2.00% 0.32% 1.50% 1.82% 5.00% 0.92% 1.50% 2.42% 8.00% 1.52% 1.50% 3.02% * These figures assume a GBP 3 month LIBOR rate of 0.37688% throughout. The above figures do not include the effect of any expenses which are charged to the fund or OMW product charges which are reflected in the pricing of OMW funds. 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 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. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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 adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
-0.8%
1 Year rank in sector
511/531
Sector
PN Specialist
Yield
-
Fund size
£1m (£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
116.3
Offer price
122.4
Top in this sector
Fund name1 Year
Scot Eq Technology Pn60.8%
FL AXA Framlington Gbl Tech AP56.2%
SIP Fidelity Gbl Technology Pn55.7%
Zurich AXAFramGblTechPn55.2%
FL AXA Fram Gbl Tech EP54.6%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials14.4%
    Consumer Goods10.5%
    Consumer Services9.9%
    Health Care5%
    Industrials4.5%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%1.4%4.5%-0.8%8.4%24.1%
Sector1.5%1.8%6%15.3%25.5%50%
Rank within sector267 / 554296 / 554357 / 549511 / 531311 / 395239 / 333
Quartile2nd3rd3rd4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.3%-5.2%6.5%4.8%9.8%
Sector3.8%11.6%2%7.2%11%
Rank within sector302 / 550504 / 51467 / 449234 / 387151 / 360
Quartile3rd4th1st3rd2nd
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.
1.12
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%.
4.06
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.
-0.79
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.
0.09
Price movement
52 week high117.8
52 week low110.6
Current bid price116.3
Current offer price122.4
Current mid price-
Region
No data available.
Industry sector
1Financials14.4%
2Consumer Goods10.5%
3Consumer Services9.9%
4Health Care5%
5Industrials4.5%
6Basic Materials2.5%
7Oil & Gas1.2%
8Technology1.2%
9Utilities-0.8%
Asset type
No data available.
Individual holdings
1IMPERIAL BRANDS PLC3%
2GLAXOSMITHKLINE2.9%
3BRITISH AMERICAN TOBACCO2.8%
4INFORMA PLC2.6%
5RELX PLC2.6%
6COMPASS GROUP2.3%
7INTERMEDIATE CAPITAL GROUP2.3%
8ST JAMES`S PLACE PLC2.2%
9DIAGEO2.1%
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”) or 0% (whichever is the greater). The fee is calculated daily and deducted once a year at the end December. For full details of the performance-related fee, see the fund manager’s simplified prospectus at www.threadneedle.com. The table below illustrates the performance-related fee for three different examples of fund performance. Note that these are examples only and not forecasts or guarantees. Performance after AMC Performance related fee @ 20%* Standard Annual Management Charge (AMC) Total Annualised fund charge 2.00% 0.32% 1.50% 1.82% 5.00% 0.92% 1.50% 2.42% 8.00% 1.52% 1.50% 3.02% * These figures assume a GBP 3 month LIBOR rate of 0.37688% throughout. The above figures do not include the effect of any expenses which are charged to the fund or OMW product charges which are reflected in the pricing of OMW funds. 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 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. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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 adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Westwood01/10/2010Mark Westwood joined Threadneedle in September 2006 as a fund 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 telecommunications, transport and other financials sectors.He started his fund 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 Kinder01/10/2010Chris Kinder joined Threadneedle Investments 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 the Threadneedle Institutional Fund and a number of institutional portfolios. He also has research responsibility for the banks, life insurance and mining sectors.Before joining Threadneedle 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 4 years before joining the investment management industry.Chris holds a degree in Modern European Languages from Durham University and is a CFA Charterholder.
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)2.66%
Bid price116.3
Offer price122.4
Mid price-
CurrencyGBX
Price updated24/05/2017
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)2.66%
Bid price-
Offer price-
Mid price127.2
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10KW
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.