Fact sheet: OMW Thread UK Prop Auth Tr Fdr

Fund information
Fund name
OMW Threadneedle UK Property Authorised Trust Feeder Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Don Jordisonsince 12/05/2016
  • Gerry Frewinsince 12/05/2016
Underlying fund
Threadneedle UK Prp AutTstFdr
Fund objective
The OMW Threadneedle UK Property Authorised Trust (Feeder) fund invests solely in the Threadneedle UK Property Authorised Trust (Feeder) fund, a UK authorised Unit Trust managed by Threadneedle Investment Services Limited. The underlying fund seeks to obtain a total return based on income and capital appreciation by investing solely in the Threadneedle Property Authorised Investment Fund (PAIF). Investments in the underlying fund tend to be volatile and investors should expect an above average price increase or decrease. 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 value of property is generally a matter of a valuer's opinion rather than fact. In addition, property investments may not be readily saleable, which could lead to constraints on your ability to sell or switch from the fund. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. 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
None
Investment method
Physical, Feeder fund
Quick stats
1 Year return
-4.8%
1 Year rank in sector
129/159
Sector
PN UK Direct Property
Yield
-
Fund size
£7m (£12m 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.
36
Bid price
109.1
Offer price
114.8
Top in this sector
Fund name1 Year
Guardian Choices Property Pn13.9%
Guardian Property Pn13.9%
OMW IPL Aviva Lm Prp Pn7.5%
FL Property AP5.9%
FL GM Property Pension5.3%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • South East UK71.6%
    Midlands8.5%
    Northern UK7%
    Wales4.8%
    London3%
  • Offices - Property31.9%
    Industrial - Property27.6%
    Shop - Property24.1%
    Retail - Property13.8%
    Other - Property2.6%
  • Property100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%1.4%-2.1%-4.8%20.2%23%
Sector0.6%2.7%-2.8%-1.2%24.6%33.1%
Rank within sector18 / 161115 / 16081 / 159129 / 159109 / 154125 / 149
Quartile1st3rd3rd4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-5.5%9.5%14.9%4.4%-1.5%
Sector-1.8%9.7%14.3%6.9%1%
Rank within sector135 / 15996 / 15863 / 154130 / 152126 / 149
Quartile4th3rd2nd4th4th
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.
0.75
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.
0.67
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%.
4.17
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.
3.5
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.
-0.4
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.
0.35
Price movement
52 week high117.4
52 week low107.3
Current bid price109.1
Current offer price114.8
Current mid price-
Region
1South East UK71.6%
2Midlands8.5%
3Northern UK7%
4Wales4.8%
5London3%
6Yorkshire & Humberside3%
7Eastern UK2.1%
Industry sector
1Offices - Property31.9%
2Industrial - Property27.6%
3Shop - Property24.1%
4Retail - Property13.8%
5Other - Property2.6%
Asset type
1Property100%
Individual holdings
1FAREHAM, SOLENT BUSINESS PARK3.5%
2AYLESFORD. LARKFIELD MILL2.3%
3BRENTWOOD. BAYTREE CENTRE2.1%
4BRAINTREE. GEORGE YARD S/CENTRE2%
5HEMEL HEMPSTEAD. HEMEL ONE1.9%
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 Property Authorised Trust (Feeder) fund invests solely in the Threadneedle UK Property Authorised Trust (Feeder) fund, a UK authorised Unit Trust managed by Threadneedle Investment Services Limited. The underlying fund seeks to obtain a total return based on income and capital appreciation by investing solely in the Threadneedle Property Authorised Investment Fund (PAIF). Investments in the underlying fund tend to be volatile and investors should expect an above average price increase or decrease. 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 value of property is generally a matter of a valuer's opinion rather than fact. In addition, property investments may not be readily saleable, which could lead to constraints on your ability to sell or switch from the fund. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. 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
None
Investment method
Physical, Feeder fund
Fund managers
NameSinceBiography
Don Jordison12/05/2016Managing Director of Threadneedle Property Investments. Since 1997 he has managed the Allied Dunbar Pension Property Fund. Don began his career in 1982, at Prudential, then joining Allied Dunbar† as a trainee property manager and obtained Associate Membership of the Royal Institution of Chartered Surveyors. In 1991 he became a Director responsible for the AD Unit Linked Life Property Fund. On the formation of Threadneedle Property Investments in 1994 by merging the property investment activities of Allied Dunbar and Eagle Star, Don joined as a founding director. Don transferred from the AD Life Property Fund in August 1997 to take over the £1bn AD Pension Property Fund. He left behind a five year record of top quartile performance and outright top fund over 3 years against the Investment Property Databank Monthly Index of 67 performance funds. Don is also the Director responsible for the Threadneedle Property Unit Trust. Don graduated in 1984 with a First Class Honours Degree in Urban Estates Surveying. In 1988 he obtained an MBA from City University London.
Gerry Frewin12/05/2016Gerry Frewin joined Threadneedle Property Investments in 2010 as an investment surveyor. In this role he is responsible for acquisitions, sales and all transaction-related due diligence for the Threadneedle Property Unit Trust, the Threadneedle UK Property Unit Trust, the Threadneedle Strategic Property Fund and several third party portfolios.Gerry is well versed in the company’s property process, having worked for the firm between 2002 and 2005. Thereafter, he gained further experience at Mayfair Capital and Kilmartin Property Group. Gerry has a BSc (Hons) in Real Estate Valuation and Management from the University of the West of England and is also a member of the Royal Institution of Chartered Surveyors.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Threadneedle UK Property Authorised Trust Feeder Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.58%
Bid price109.1
Offer price114.8
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ151
OMW Threadneedle UK Property Authorised Trust Feeder SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price123.6
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ150
Data provided by

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