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OMW M&G Global Government Bond

2 FE Trustnet

FE Crown Rating

Fund Objective

The OMW M&G Global Government Bond fund invests solely in the M&G Global Government Bond fund, a sub fund of the M&G Investment Funds (3), a UK authorised Open Ended Investment Company managed by M&G Securities Limited. The aim of the underlying fund is to maximise total return (the combination of income and growth of capital). The underlying portfolio will mainly consist of investment grade government debt securities, including government guaranteed debt securities, and will be invested on a global basis. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. 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 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

Claudia Calich

Fund Manager




Primary Asset Class

Fund Size

GBP 0.39m as at 30-Oct-2015

Unit Name

OMW M&G Global Government Bond





Initial Charge


Unit Currency




Annual Charge



GBX 102.60


GBX 108.00

Change (Offer)

0.10 (0.10%)

Unit LaunchDate


Performance Overview

Performance Charts

Cumulative Performance

  YTD 3m 6m 1y 3y 5y
Fund -2.29 0.00 0.00 -0.77 -7.32 2.40
Sector -1.16 0.82 0.28 -0.92 0.38 7.08

Discrete Performance (%)

  2014 2013 2012 2011 2010
Fund 3.65 -8.08 0.27 8.17 6.39
Sector 4.21 -2.45 1.90 3.58 6.14

Asset Allocation

breakdown chart
  Asset Class % of Fund
Global Index Linked 16.44
American Emerging Government Fixed Interest 10.48
US Government Fixed Interest 7.97
Italian Government Fixed Interest 6.96
Japanese Government Fixed Interest 6.80
Danish Government Fixed Interest 4.08
Money Market 3.95
French Government Fixed Interest 3.65
Mexican Government Fixed Interest 3.45
Indian Corporate Fixed Interest 3.25
European Government Fixed Interest 3.21
Kazakhstan Government Fixed Interest 2.80
Mexican Corporate Fixed Interest 2.65
European Emerging Government Fixed Interest 2.26
Hungarian Government Fixed Interest 2.13
Norwegian Government Fixed Interest 1.67
Philippine Corporate Fixed Interest 1.61
German Government Fixed Interest 1.50
Thai Government Fixed Interest 1.49
Middle East & African Government Fixed Interest 1.47
Brazilian Government Fixed Interest 1.41
GCC Corporate Fixed Interest 1.38
German Corporate Fixed Interest 1.32
Peruvian Corporate Fixed Interest 1.24
Dutch Government Fixed Interest 1.08
African Corporate Fixed Interest 1.07
Singapore Government Fixed Interest 1.07
Hungarian Corporate Fixed Interest 1.05
Austrian Government Fixed Interest 0.98
Swedish Government Fixed Interest 0.84
UK Corporate Fixed Interest 0.75

Regional Breakdown

breakdown chart
  Region % of Fund
Germany 15.52
USA 10.06
Italy 6.96
Japan 6.80
Mexico 6.10
Denmark 4.08
France 3.65
India 3.25
Hungary 3.18
Colombia 2.81
Kazakhstan 2.80
Money Market 2.45
Chile 2.17
Iceland 1.70
Norway 1.67
New Zealand 1.64
Philippines 1.61
Lithuania 1.51
Australia 1.49
Thailand 1.49
Israel 1.47
Brazil 1.41
Oman 1.38
Peru 1.24
Romania 1.22
Honduras 1.18
Panama 1.16
Guatemala 1.10
Netherlands 1.08
Morocco 1.07
Singapore 1.07
Dominican Republic 1.05
Bulgaria 1.04
Paraguay 1.02
Austria 0.98
Sweden 0.84
UK 0.75

Sector Breakdown

breakdown chart
  Sector % of Fund
BBB 26.30
AAA 24.16
A 15.56
AA 14.91
BB 8.27
No rating 5.66
Cash 2.84
B 2.30

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.