Fact sheet: OMW Threadneedle UK Corp Bd

Fund information
Fund name
OMW Threadneedle UK Corp Bd Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Alasdair Rosssince 01/06/2015
Underlying fund
Threadneedle UKCorpBd
Fund objective
The OMW Threadneedle UK Corporate Bond fund invests solely in the Threadneedle UK Corporate 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 high level of income from a portfolio of primarily fixed interest investments in the UK and Continental Europe. 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. 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
Fixed Interest
Quick stats
1 Year return
9.7%
1 Year rank in sector
101/264
Sector
PN Sterling Corporate Bond
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.
35
Bid price
193.5
Offer price
203.6
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn16.8%
OMW IPL L&G AAA CrpBdOv15YIx Pn16.3%
BlackRock DC AqOv 15 YCrp BdIx HP16%
MetLife Fid Corp Bd 20yr Pn15.5%
FL TEActv Bln Bd IE15.2%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK95.5%
    Money Market4.5%
  • Investment Grade Bonds68%
    Mortgage & Secured Bonds15.1%
    High Yield Bond7.6%
    Government Bonds3.9%
    Money Market3.6%
  • UK Corporate Fixed Interest95.5%
    Money Market4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%3.5%2.9%9.7%19.3%36.8%
Sector1%3.5%2.3%9.2%20%38.1%
Rank within sector91 / 267140 / 26683 / 265101 / 264130 / 235125 / 218
Quartile2nd3rd2nd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.4%9.7%0.6%8.6%0.8%
Sector2.3%9.4%0.2%10.5%1%
Rank within sector128 / 265108 / 261100 / 247193 / 235130 / 226
Quartile2nd2nd2nd4th3rd
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.
0.15
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.
0.93
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.
0.5
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%.
5.11
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.
0.98
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.
-0.31
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.
0.97
Price movement
52 week high194
52 week low176.4
Current bid price193.5
Current offer price203.6
Current mid price-
Region
1UK95.5%
2Money Market4.5%
Industry sector
1Investment Grade Bonds68%
2Mortgage & Secured Bonds15.1%
3High Yield Bond7.6%
4Government Bonds3.9%
5Money Market3.6%
6Government Agency Bonds1.2%
7Fixed Interest0.6%
Asset type
1UK Corporate Fixed Interest95.5%
2Money Market4.5%
Individual holdings
1INNOGY FINANCE BV 6.25% 03/06/20301.4%
2TREASURY 3.25% GILT 22/01/44 GBP0.011.3%
3PENNON GROUP PLC 6.75% PERP1.2%
4BUPA FINANCE PLC 5% NTS 25/04/23 GBP1000001%
5CITIGROUP INC 5.15% EURO MED TRM NTS 21/5/26 GBP10001%
6FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1%
7NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001%
8TREASURY 1.75% GILT 07/09/37 GBP11%
9BANK OF AMERICA CORP 6.13% 15/09/20210.9%
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 Corporate Bond fund invests solely in the Threadneedle UK Corporate 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 high level of income from a portfolio of primarily fixed interest investments in the UK and Continental Europe. 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. 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
Fixed Interest
Fund managers
NameSinceBiography
Alasdair Ross01/06/2015Alasdair Ross joined the company in 2003 and is currently Head of Investment Grade Portfolio Management, EMEA, with responsibility for our UK and European investment grade corporate credit teams in London. He is also lead portfolio manager for UK, Euro and Global credit portfolios which include the Threadneedle European Corporate Bond Fund, the Threadneedle Global Corporate Bond Fund and the Threadneedle Pensions Corporate Bond Fund.Alasdair’s investment background is as a relative value focused, bottom-up investment grade credit analyst. Between joining the company in 2003 and becoming a portfolio manager in 2007, he had responsibility for covering the TMT, utility and energy sectors, as well as the sterling whole business securitisation sector.Prior to joining the company, Alasdair worked at BP plc in a rotation of commercial roles.Alasdair has a first class honours degree in Politics, Philosophy and Economics from the University of Oxford. He also holds the Chartered Financial Analyst designation.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Threadneedle UK Corp Bd Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.67%
Bid price193.5
Offer price203.6
Mid price-
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeUY66
OMW Threadneedle UK Corp Bd SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price229
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS995
Data provided by

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