Quick Stats

Bid Price - Offer Price -
Mid Price GBX 63.02 Day Change GBX -0.11 (-0.17%)
Price Date 20 Oct 2017 Crown Rating 3
Shares Class Inc. Yield 4.05 %
Total Expense Ratio 0.00 Fund Size 232,030,300.00
Launch Date 11/08/1995 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.00 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 0.00
ISIN GB0031093247 Min TopUp (£) 500.00

Fund Objective

The fund's investment objective is to provide a total return. At least 80% of the fund will be invested in bonds issued by UK companies or bonds that have been hedged back to Sterling. The central appeal of the corporate bond market is that bonds in this sector generally offer higher interest payments than those available on government bonds, creating the potential for higher returns over the longer term. Corporate bonds also tend to be less volatile than shares of companies. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.

Fund Managers

Alix Stewart
Alix Stewart joined Schroders in 2012 as a Credit Portfolio Manager. Prior to joining Schroders Alix worked for UBS Global Asset Management as Head of UK Fixed Interest and before that as fund manager of Global Corporate Bonds. She graduated from University of Leeds with a BSc (Hons) in Economic and Mathematics. Alix has 20 years’ investment experience.
Jonathan Golan