Marlborough High Yield Fixed Intere
|Bid Price||GBX 77.09||Offer Price||GBX 81.58|
|Mid Price||-||Day Change||GBX -0.03 (-0.04%)|
|Price Date||23 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||5.27 %|
|Total Expense Ratio||0.00||Fund Size||61,846,512.16|
|Launch Date||29/11/2004||Standard Initial Charge (%)||5.00|
|Annual Management Charge (%)||1.00||Sector||IMA UK Equity Income|
|Min Investment (£)||50,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B8YR0910||Min TopUp (£)||1,000.00|
The objective of the scheme is to provide a high level of income with the opportunity for some long-term capital growth. The Scheme will invest in a portfolio largely comprising fixed, variable rate and index related securities issued by corporates, government, supranational institutions and local and regional agencies, both in the UK and internationally, as well as other securities deemed to be appropriate by the Manager.
Steven Logan is Head of European High Yield Bonds and joined Aberdeen following the SWIP acquisition in April 2014. Steve joined SWIP in 2001 as an Investment Director and became Head of European High Yield in 2006. Steven joined SWIP from Standard Life Investments where he was a Credit Analyst and instrumental in the launch of their High Yield Bond fund. Previously, Steve was part of the Leveraged Finance Team at Sumitomo Trust, working on some of Europe’s earliest High Yield Bond issues, leveraged loan and mezzanine transactions. Prior to this Steve was with Hill Samuel Bank for seven years where he worked extensively in distressed debt workout situations. Steve has 25 years credit market experience and he has been managing European High Yield portfolios for 15 years. Steven is an ACIB (Associate of the Chartered Institute of Bankers) and holds a BA (Hons) in Banking and Finance.
Ben has more than 10 years’ experience in high yield and has been part of the investment team since 2011.