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OMW M&G Global Macro Bond

3 FE Trustnet

FE Crown Rating

Fund Objective

The OMW M&G Global Macro Bond fund invests solely in the M&G Global Macro Bond fund, a UK authorised Open-Ended Investment Company managed by M&G Securities Limited. The underlying fund aims to maximise long term total return (the combination of income and growth of capital) by investing mainly in debt instruments on a global basis which include, but not limited to, variable rate securities, fixed interest securities, sovereign debt and corporate debt. 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. 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. 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 adjustments and the OMW investment process.

Fund Manager

Jim Leaviss

Fund Manager




Primary Asset Class

Fund Size

GBP 4.01m as at 30-Oct-2015

Unit Name

OMW M&G Global Macro Bond





Initial Charge


Unit Currency




Annual Charge



GBX 121.40


GBX 127.70

Change (Offer)

-0.20 (-0.16%)

Unit LaunchDate


Performance Overview

Performance Charts

Cumulative Performance

  YTD 3m 6m 1y 3y 5y
Fund -0.98 2.27 0.33 -0.98 2.88 12.28
Sector -1.12 0.61 0.25 -0.87 0.48 7.12

Discrete Performance (%)

  2014 2013 2012 2011 2010
Fund 4.16 -0.67 5.04 3.20 7.35
Sector 4.21 -2.45 1.90 3.58 6.14

Asset Allocation

breakdown chart
  Asset Class % of Fund
UK Corporate Fixed Interest 27.36
Global Index Linked 16.80
US Government Fixed Interest 15.03
German Government Fixed Interest 9.41
Money Market 6.00
US Corporate Fixed Interest 5.83
Mexican Government Fixed Interest 3.30
UK Index-Linked Gilts 2.53
Italian Corporate Fixed Interest 2.49
French Corporate Fixed Interest 1.73
Swedish Corporate Fixed Interest 1.60
American Emerging Government Fixed Interest 1.60
German Corporate Fixed Interest 1.27
Irish Corporate Fixed Interest 1.22
Spanish Corporate Fixed Interest 0.88
Dutch Corporate Fixed Interest 0.78
Global Corporate Fixed Interest 0.58
Mexican Corporate Fixed Interest 0.49
Swiss Corporate Fixed Interest 0.49
American Emerging Corporate Fixed Interest 0.33
Luxembourg Corporate Fixed Interest 0.28

Regional Breakdown

breakdown chart
  Region % of Fund
USA 33.61
UK 18.64
Germany 15.72
Italy 8.77
Money Market 6.00
Mexico 3.80
Spain 3.65
Switzerland 2.09
France 1.73
Colombia 1.67
Ireland 1.22
Netherlands 0.88
Japan 0.82
International 0.58
New Zealand 0.30
Luxembourg 0.28
Trinidad & Tobago 0.26

Sector Breakdown

breakdown chart
  Sector % of Fund
BBB 26.08
AA 21.47
A 16.21
BB 12.19
No rating 11.53
AAA 8.19
B 3.62
CCC 0.71

All prices in Pence Sterling (GBX) unless otherwise specified. Price performance figures are calculated on a bid price to bid price basis with net income (dividends) reinvested. Performance figures are shown in Sterling.

Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.