|Bid Price||GBX 55.03||Offer Price||GBX 55.56|
|Mid Price||-||Day Change||GBX +0.04 (0.07%)|
|Price Date||27 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||6.08 %|
|Total Expense Ratio||0.00||Fund Size||438,000,000.00|
|Launch Date||14/02/2000||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.60||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B5143284||Min TopUp (£)||100,000.00|
The fund aims to provide income by investing in fixed and floating rate securities worldwide. The fund also aims to provide capital growth. The fund invests at least 80% of its assets in bonds (denominated in or hedged back into sterling) issued by governments, government agencies and companies worldwide. The fund invests at least 50% of its assets in Pan-European bonds. The fund invests at least 80% of its assets in below investment grade securities (as measured by Standard & Poor's or any other equivalent credit rating agencies) or in unrated securities. The fund may also invest in collective investment schemes and warrants, and hold cash. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may use leverage and take short positions.
Michael Scott transferred to the European and UK credit desk as a Portfolio Manager in 2010. He initially joined Schroders in 2006 as a European Industrials credit analyst, covering investment grade and high yield issuers. Prior to this, Michael worked at Cazenove from 2005. Michael holds a BA (Hons) degree in geography from Oxford University, and is a CFA charter holder.