|Bid Price||-||Offer Price||-|
|Mid Price||GBX 112.52||Day Change||GBX -0.05 (-0.04%)|
|Price Date||20 Sep 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.50 %|
|Total Expense Ratio||0.00||Fund Size||103,559,234.72|
|Launch Date||04/12/2013||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.30||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BF233B38||Min TopUp (£)||0.00|
The aim of the Fund is to provide both income and the potential to grow the amount you invested. The Fund’s investments aim to support socially beneficial activities and developments. At least two-thirds of the assets of the Fund will be in bonds that are issued in the UK. The Fund invests in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies, governments, voluntary organisations and/or charities that engage in socially beneficial activities and development. Investments are assessed by the fund manager by reference to a social assessment methodology developed by Big Issue Invest and the Management Company. This assessment is reviewed at least quarterly by an advisory committee with two-thirds of its members being nominated by Big Issue Invest. The Fund may also invest in asset classes and instruments different from those stated above.
Simon Bond joined the company in 2003 as an Investment Grade Credit Portfolio Manager and has been the manager of the Threadneedle UK Social Bond Fund since its launch in 2013. Having previously managed a number of institutional and retail investment grade corporate bond portfolios, Simon now concentrates his focus on managing the UK Social Bond Fund and developing other responsible investment strategies across the firm.Simon has 30 years’ experience in the fund management industry, with the last 26 years specialising in corporate credit. Throughout his career, Simon has taken a keen interest in the social investment space and as an analyst the first entity Simon reported on was Peabody Trust and the first sector he covered was housing associations. Simon is particularly passionate about the role of infrastructure in both regeneration and economic growth.Prior to joining the firm, Simon managed £6 billion in his role as the Senior UK Credit Fund Manager for AXA. Simon also worked for GE Insurance as a Portfolio Manager, Provident Mutual as a Fixed Income Analyst and Hambros Bank as an Investment Accountant and Pension Fund Investment Administrator.Simon is a Fellow of the Chartered Institute for Securities and Investment, holds the Investment Management Certificate and the General Registered Representatives Certificate.