Fact sheet: OMW Threadneedle Abs Rtn Bd

Fund information
Fund name
OMW Threadneedle Absolute Return Bond Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Matthew Cobonsince 29/02/2012
Underlying fund
Threadneedle AbsRtnBd
Fund objective
The OMW Threadneedle Absolute Return Bond fund invests solely in the Threadneedle Absolute Return Bond fund, a sub fund of Threadneedle Specialist Investment Funds ICVC, a UK authorised OEIC managed by Threadneedle Investment Services Limited. The underlying fund seeks to achieve a total positive return over a 12 month period in all market conditions. There is a risk to capital, and there is no guarantee that such a return will be achieved with 12 months, or any other timescale. The underlying fund invests to gain exposure to global bond and currency markets. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. 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
  • LIBOR 3 Month Deposit
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-7.8%
1 Year rank in sector
510/514
Sector
PN Specialist
Yield
-
Fund size
£0m (£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.
34
Bid price
90.1
Offer price
94.8
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Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-1.6%-4.3%-7.8%-8.9%-10.7%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector424 / 546386 / 545525 / 531510 / 514382 / 386315 / 317
Quartile4th3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-6.2%-3.1%-0.2%-1.4%-
Sector9.3%2%7.2%11%7.7%
Rank within sector504 / 514413 / 450366 / 388343 / 357300 / 318
Quartile4th4th4th4th4th
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.
-3.92
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.
0.17
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%.
5.09
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.
6.92
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.
-1.27
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.
0.04
Price movement
52 week high98.1
52 week low90.1
Current bid price90.1
Current offer price94.8
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Threadneedle Absolute Return Bond fund invests solely in the Threadneedle Absolute Return Bond fund, a sub fund of Threadneedle Specialist Investment Funds ICVC, a UK authorised OEIC managed by Threadneedle Investment Services Limited. The underlying fund seeks to achieve a total positive return over a 12 month period in all market conditions. There is a risk to capital, and there is no guarantee that such a return will be achieved with 12 months, or any other timescale. The underlying fund invests to gain exposure to global bond and currency markets. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. 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
  • LIBOR 3 Month Deposit
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Matthew Cobon29/02/2012Matthew Cobon joined the company in 2011 and is currently Head of Interest Rates and Currency, EMEA. He is the lead portfolio manager of Threadneedle’s absolute return bond funds (Threadneedle Absolute Return Bond Fund and Threadneedle Target Return Fund). Matthew also sits on the firm-wide Asset Allocation committee and helps to manage an absolute return multi-asset fund in conjunction with the company’s Multi- Asset team. Matthew’s investment focus is formulating and managing a broad portfolio of developed market and emerging market currencies with a view to generating a liquid uncorrelated alpha stream. Before joining the company, Matthew spent four years at Aberdeen Asset Management where he held the role of Head of Currency. Matthew’s FX market experience spans 17 years and has also included roles at Deutsche Asset Management and Citigroup Global Markets. Matthew obtained an Economics degree from the University of Warwick in 1996.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Threadneedle Absolute Return Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.96%
Bid price90.1
Offer price94.8
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDQB2
OMW Threadneedle Absolute Return Bond SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price100.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDQB3
Data provided by

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