|Bid Price||-||Offer Price||-|
|Mid Price||GBX 107.30||Day Change||GBX +0.10 (0.09%)|
|Price Date||20 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||5.60 %|
|Total Expense Ratio||0.37||Fund Size||249,740,100.07|
|Launch Date||14/06/2010||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.20||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.37|
|ISIN||GB00B3W7G901||Min TopUp (£)||250,000.00|
The Fund aims to produce a monthly income yield and the prospect of capital growth by investing in a portfolio of assets which comprises predominantly corporate bonds, and also includes government bonds, whilst at the same time actively managing the interest rate exposure of the Fund. The Fund pays interest distributions monthly. The Fund holds investment-grade Sterling corporate bonds, government bonds, non-Sterling investment grade corporate bonds and relevant derivative instruments.
Stuart has been involved in managing multi-currency fixed income portfolios since 1991, with experience in managing teams and marketing fixed income funds. He has an additional 5 years’ related investment experience. He joined Alliance Trust in December 2009 and is Co-Fund Manager of Alliance Trust Monthly Income Bond Fund. Following a period in industry, Stuart joined Britannic Asset Management in 1994 and became Head of Corporate Bonds with responsibility for managing investment grade portfolios for retail and institutional funds. In 2000 he joined Legal & General as Director, Corporate Bonds, where until 2006, he managed a highly successful team of credit specialists managing multi-currency assets. He joined Scottish Widows Investment Partnership in 2008 as Investment Director, managing a number of funds, including investment grade and & absolute return funds.
Kenny joined Alliance Trust in September 2013. Prior to this, he worked for Ignis Asset Management for 15 years, specialising first in UK smaller companies, before moving to the fixed income team in 2004 where he was responsible for the sub investment grade bond portfolios including the High Income Bond Fund. Prior to focusing on sub investment grade bonds, he was part of the team managing the investment grade life company mandates. He started his career at KPMG, after qualifying as a chartered accountant, before joining Murray Johnstone as a trainee fund manager in UK equities in 1994. Kenny has a BA in Accounting & Economics from the University of Strathclyde, is a chartered accountant and is an Associate of the UK Society of Investment Professionals.
Aitken joined the Management Training Programme in September 2010 after graduating in Accountancy and Finance (First Class Honours) from Dundee University and subsequently completing an MA in International Financial Analysis at Newcastle University. Aitken is also a CFA charterholder