Fact sheet: OMW Threadneedle Eurpn Hi Yd

Fund information
Fund name
OMW Threadneedle Eurpn Hi Yd Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Michael Poolesince 23/04/2012
Underlying fund
Threadneedle EurpHdBd
Fund objective
The OMW Threadneedle European High Yield Bond fund invests solely in the Threadneedle European High Yield Bond fund, a sub fund of Threadneedle Investment Funds ICVC, a UK authorised OEIC, managed by Threadneedle Investment Services Limited. The underlying fund seeks to achieve a total return. Over time this will be predominantly by way of income. The underlying fund will invest primarily in corporate fixed interest securities of corporates with higher risk (that is non-investment grade credit) issued predominantly in Euro or Sterling. 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 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. 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
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
24.1%
1 Year rank in sector
7/20
Sector
PN Global High Yield
Yield
-
Fund size
£1m (£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.
76
Bid price
230.6
Offer price
242.7
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn33.9%
FL T. Rowe Pr Gbl Hi Yld Bd Pn32%
Canlife Tndle Emg Mkt Bond Pn25.9%
OMW Old Mutual Emg Mkt Dt25.7%
OMW Old Mut Monthly Inc HY Bnd25.5%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • Europe93%
    Money Market7%
  • Others14%
    Telecommunications12.7%
    Media12.5%
    Basic Industries10.3%
    Banks7.7%
  • European Fixed Interest93%
    Money Market7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.1%-0.6%11.9%24.1%13.4%45.4%
Sector-6.1%-0.6%9.9%16.8%12.8%25.6%
Rank within sector12 / 2110 / 2113 / 217 / 206 / 164 / 11
Quartile3rd2nd3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund20.8%-4%-3.1%10.2%18.4%
Sector18.2%-5.8%1.8%-3.4%13.7%
Rank within sector13 / 2010 / 1815 / 161 / 141 / 11
Quartile3rd3rd4th1st1st
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.
1.64
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.
0.73
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.
0.13
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%.
9.14
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.
7.04
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.
0.05
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.
0.47
Price movement
52 week high248.3
52 week low186.3
Current bid price230.6
Current offer price242.7
Current mid price-
Region
1Europe93%
2Money Market7%
Industry sector
1Others14%
2Telecommunications12.7%
3Media12.5%
4Basic Industries10.3%
5Banks7.7%
6Capital Goods7.4%
7Money Market7%
8Automotive5.9%
9Energy5.8%
Asset type
1European Fixed Interest93%
2Money Market7%
Individual holdings
1GAZPROM3.5%
2TELEFONICA EUROP3%
3ANGLO AMERICAN2.5%
4VIRGIN MEDIA2.4%
5TELECOM ITALIA2.2%
6HEIDELBERGCEMENT2.1%
7UNITYMEDIA2.1%
8WIND ACQUISITION1.9%
9ALTICE SA1.6%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Threadneedle European High Yield Bond fund invests solely in the Threadneedle European High Yield Bond fund, a sub fund of Threadneedle Investment Funds ICVC, a UK authorised OEIC, managed by Threadneedle Investment Services Limited. The underlying fund seeks to achieve a total return. Over time this will be predominantly by way of income. The underlying fund will invest primarily in corporate fixed interest securities of corporates with higher risk (that is non-investment grade credit) issued predominantly in Euro or Sterling. 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 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. 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
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Poole23/04/2012Michael Poole joined the company in 2005 and is currently Head of High Yield Portfolio Management, EMEA, with responsibility for our European high yield teams in London. He is also lead portfolio manager for the European High Yield Bond Fund and is co-portfolio manager of the Threadneedle Credit Opportunities Fund, as well as a number of institutional mandates. Prior to his appointment as portfolio manager, Michael served as an investment analyst covering high yield credits in the Basic Industry, Packaging, Autos and Energy sectors. Michael previously worked for Muzinich as a credit analyst and also spent three years with Credit Suisse First Boston (previously Donaldson, Lufkin & Jenrette) within their investment banking division. Michael holds an MBA from London Business School and a degree in Economics (Honours) from the University of Western Ontario in Canada.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Threadneedle Eurpn Hi Yd Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price230.6
Offer price242.7
Mid price-
CurrencyGBX
Price updated02/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeTW95
OMW Threadneedle Eurpn Hi Yd SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price264.2
CurrencyGBX
Price updated02/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeTW14
Data provided by

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