Fact sheet: Old Mutual UK Mid Cap

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
UK GROWTH
Sector
UT UK All Companies
Fund type
OEIC
Primary aim
No data available.
Why Money Observer Rates Old Mutual UK Mid Cap

Rated Fund 2017-2018. Takes a flexible approach through the economic cycle

Richard Watts' successful stewardship of the Old Mutual UK Mid Cap fund has seen it grow in size to ᆪ3.2 billion.

The fund's manager since 2008, Watts focuses on medium-sized UK companies ヨ often the frontrunners in the growth stakes ヨ and has also recently started to buy stakes in private, unlisted companies within the fund.

Barclays Wealth and Investments points to the fund's 'exceptional' performance, driven by holdings such as media company Ascential and online fashion retailer Boohoo. The latter started in the fund as a medium-sized company and has since been promoted to the FTSE 100.

Watts believes that a flexible style, encompassing a willingness to hold value and/or growth stocks depending on the conditions and outlook, provides the greatest scope for sustained outperformance.

He and the rest of the UK small and mid-cap equities team first look to identify sectors likely to outperform the overall economy. They study a wide range of economic and social indicators ranging over the domestic and global scene.

When selecting companies to be included in the portfolio, Watts expects that firms will typically meet at least one of three selection criteria: likelihood of a positive earnings revision; re-rating potential; or sustained above-average earnings growth. Each week the team produces a screen of data for all companies in the mid-capitalisation universe. Meetings with company management are another important part of the process.<\p>

3 Year Performance
Fund Performance52.2%
Average of Rated Funds Group43.8%
Sector Performance18.9%
Fund information
Fund name
Old Mutual UK Mid Cap R Acc GBP
Fund manager company
Old Mutl Glbl Investors(UK)Ltd
Fund type
OEIC
Fund managers
  • Richard Wattssince 01/12/2008
Accolades
Fund objective
To provide capital growth from investing primarily in a portfolio of medium sized UK companies.
Benchmark
  • FTSE 250 (ex ITs) Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
10.3%
1 Year rank in sector
52/274
Sector
UT UK All Companies
Yield
1%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.85%
Fund size
£3,365m (£2,488m 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.
103
Mid price
311.3
Top in this sector
Fund name1 Year
MI Chelverton UK Equ Grth22.5%
MFM Bowland20.6%
Stan Life Inv UKEqUncns20.3%
CFP SDLUKBftolgy19.2%
CFP SDL Free Spirit19.1%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK98.1%
    Money Market1.9%
  • Financials25.3%
    Consumer Services24.3%
    Industrials23.9%
    Consumer Goods11.9%
    Unquoted Investments4.5%
  • UK Equities98.1%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%-3%0.6%10.3%52.2%125.2%
Sector3.1%-2.8%0%7%18.9%50.1%
Rank within sector265 / 280139 / 278100 / 27752 / 2748 / 2594 / 244
Quartile4th2nd2nd1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-3.3%28%10%24.7%8.1%
Sector-1.9%13.8%11.2%3.7%0.6%
Rank within sector227 / 27711 / 272158 / 2624 / 25613 / 249
Quartile4th1st3rd1st1st
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.
7.56
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.
1.21
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.
0.79
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%.
13.82
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.
8.58
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.
0.96
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.
0.64
Price movement
52 week high326.69
52 week low279.27
Current bid price-
Current offer price-
Current mid price311.3
Region
1UK98.1%
2Money Market1.9%
Industry sector
1Financials25.3%
2Consumer Services24.3%
3Industrials23.9%
4Consumer Goods11.9%
5Unquoted Investments4.5%
6Technology3.2%
7Health Care3%
8Basic Materials2%
9Money Market1.9%
Asset type
1UK Equities98.1%
2Money Market1.9%
Individual holdings
1ASCENTIAL PLC6%
2BOOHOO.COM PLC5%
3SSP GROUP PLC4.5%
4FEVERTREE DRINKS PLC4.1%
5ASHTEAD GROUP ORD GBP0.103.8%
6GVC HLDGS PLC3.5%
73I GROUP3.4%
8Unlisted Equity 13.4%
9MELROSE INDUSTRIES PLC3.2%
Management
Fund manager group
Old Mutual
Fund manager company
Old Mutl Glbl Investors(UK)Ltd
Fund type
OEIC
Fund objective
To provide capital growth from investing primarily in a portfolio of medium sized UK companies.
Benchmark
  • FTSE 250 (ex ITs) Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Richard Watts01/12/2008Richard joined Old Mutual in 2002 and manages the Old Mutual UK Mid Cap Fund. He initially joined the UK mid- and small-cap team as an analyst before assuming full portfolio management responsibilities in 2009. He joined from Orbis Investment Advisory where he spent two years as an equity analyst, before which he was a senior associate in the investment management division of PriceWaterhouseCoopers. Richard has a degree in mathematical sciences from the University of Oxford, is IIMR qualified and is a CFA charterholder.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Old Mutual UK Mid Cap A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price467.2
CurrencyGBX
Price updated19/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA3I5
Old Mutual UK Mid Cap A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price415
CurrencyGBX
Price updated19/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA3I8
Old Mutual UK Mid Cap P Acc GBP
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price399.8
CurrencyGBX
Price updated19/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA3I6
Old Mutual UK Mid Cap P Inc GBP
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price247.3
CurrencyGBX
Price updated19/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGR8W
Old Mutual UK Mid Cap R Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£150,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price311.3
CurrencyGBX
Price updated19/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA3I7
Old Mutual UK Mid Cap R Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£150,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price249.8
CurrencyGBX
Price updated19/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGR8X
Old Mutual UK Mid Cap U1 Acc GBP
Initial charge-
Annual charge0.68%
Min single investment£75,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price172.3
CurrencyGBX
Price updated19/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJMVS
Old Mutual UK Mid Cap U1 Inc GBP
Initial charge-
Annual charge0.68%
Min single investment£75,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price167.3
CurrencyGBX
Price updated19/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJMVT
Old Mutual UK Mid Cap U2 Acc GBP
Initial charge-
Annual charge0.6%
Min single investment£250,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price175.9
CurrencyGBX
Price updated19/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJMVU
Old Mutual UK Mid Cap U2 Inc GBP
Initial charge-
Annual charge0.6%
Min single investment£250,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price155.2
CurrencyGBX
Price updated19/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJMVV
Data provided by

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