|Mid Price||GBX 98.74||Day Change||GBX +0.05 (0.05%)|
|Price Date||22 Feb 2019||Crown Rating|
|Shares Class||Inc.||Yield||3.20 %|
|Last Ex-Dividend Date||08 January 2019||Dividend Frequency||-|
|Sector||Sterling Strategic Bond||Fund Size||239,676,588.52|
|Launch Date||05/11/2001||Standard Initial Charge||3.00%|
|Ongoing cost||0.74%||Annual Management Charge||0.60%|
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests at least two-thirds of its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate), issued by companies or governments in the UK and Europe as well as by large international organisations such as the World Bank or the International Monetary Fund. The Fund invests directly in these assets or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices). The Fund’s strategy is to allocate investments between higher rated bonds and lower rated bonds. Higher rated bonds, as defined by international agencies that provide such ratings, are considered safer than lower rated bonds but typically pay a lower income. Lower rated bonds are considered to be higher risk, but typically pay a higher income. Where the bonds are not priced in British Pounds, the Fund may take measures that aim to mitigate the risk of currency movements against the British Pound. The Fund may also invest in asset classes and instruments different from those stated above.
Ryan Staszewski is a portfolio manager at Columbia Threadneedle Investments. Mr. Staszewski is responsible for European credit portfolios within the fixed income team in London. Previously, he worked as a credit analyst undertaking fundamental analysis across a number of sectors within the investment grade universe. Prior to joining one of the Columbia Threadneedle Investments firms in 2012, Mr. Staszewski held a role as a sell-side publishing analyst at JP Morgan, where he was voted the #2 utilities analyst by industry peers in the Euromoney 2012 fixed-income survey. Prior to that, he was a buy-side credit analyst at Aviva Investors.Mr. Staszewski received a degree in economics and finance from Curtin University, Western Australia, and is also a CFA Charterholder.