Shares Magazine
Quick Stats
| Bid Price | - | Offer Price | - |
|---|---|---|---|
| Mid Price | GBX 96.92 | Day Change | GBX -0.03 (-0.03%) |
| Price Date | 20 Sep 2018 | Crown Rating | |
| Shares Class | Inc. | Yield | 4.36 % |
| Total Expense Ratio | 0.81 | Fund Size | 752,000,000.00 |
| Launch Date | 22/03/2002 | Standard Initial Charge (%) | 0.00 |
| Currency | GBX | ISA Eligible | No |
| Annual Management Charge (%) | 0.75 | Sector | Sterling High Yield |
| Min Investment (£) | 2,000,000.00 | Total Expense Ratio (%) | 0.81 |
| ISIN | GB00B1N9DY51 | Min TopUp (£) | 10,000.00 |
Fund Objective
The investment objective is to maximise total return (income plus capital) by investing in a portfolio of predominately high yield bonds, selected investment grade bonds and cash. The fund may hold sterling and other currency denominated bonds hedged back to sterling. The Fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.
Fund Managers
David Ennett
David Ennett is Head of High Yield in the Fixed Income team. He joined us in 2016 from Standard Life Investments, where he was head of European high yield and manager of the SLI Higher Income Bond Fund and SLI European High Yield Bond Fund. Before that, David worked for Old Mutual Asset Managers, CIBC World Markets and M&G in a variety of analysis and portfolio management roles. He has a degree in Political Science and Economics from the Australian National University in Canberra, and completed an MBA at Imperial College, London. David is a CFA Charterholder
Stephen Baines
Stephen Baines is an investment manager in the Fixed Income team with responsibility for high yield bonds and co-managing the Kames High Yield Global Bond Find and Short-Dated High Yield Fund. He joined us in 2013 from Oriel Asset Management, where he was a portfolio manager and investment analyst. Prior to this, Stephen worked for Baillie Gifford before joining Babson Capital Europe, where he was responsible for credit analysis of European syndicated loans, floating-rate notes and high yield bonds. Stephen has a degree in Economics from the University of Durham and is a CFA Charterholder.
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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