Quick Stats

Bid Price - Offer Price -
Mid Price GBX 64.65 Day Change GBX +0.04 (0.06%)
Price Date 18 Oct 2017 Crown Rating 4
Shares Class Inc. Yield 3.92 %
Total Expense Ratio 0.00 Fund Size 907,596,300.00
Launch Date 07/02/2001 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.45 Sector IMA UK Equity Income
Min Investment (£) 1,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B4V0R507 Min TopUp (£) 100,000.00

Fund Objective

The fund aims to provide capital growth and income. At least 80% of the fund will be invested in bonds issued by companies. The fund will invest in bonds issued either in sterling, or in another currency and hedged back into sterling (to reduce or remove the risk of loss through currency movements). The central appeal of the corporate bond market is that bonds in this sector generally offer higher interest payments than those available on government bonds, creating the potential for higher returns over the longer term. Corporate bonds also tend to be less volatile than shares of companies. In addition with many companies and industries to choose from, there is a lot of scope to add value through issuer and sector selection. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take short positions.

Fund Managers

Alix Stewart
Alix Stewart joined Schroders in 2012 as a Credit Portfolio Manager. Prior to joining Schroders Alix worked for UBS Global Asset Management as Head of UK Fixed Interest and before that as fund manager of Global Corporate Bonds. She graduated from University of Leeds with a BSc (Hons) in Economic and Mathematics. Alix has 20 years’ investment experience.