|Bid Price||-||Offer Price||-|
|Mid Price||GBX 168.70||Day Change||GBX +0.10 (0.06%)|
|Price Date||24 Jul 2017||Crown Rating|
|Shares Class||Inc.||Yield||3.95 %|
|Total Expense Ratio||0.00||Fund Size||884,446,900.00|
|Launch Date||04/04/2006||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.50||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B11DP106||Min TopUp (£)||100,000.00|
The fund's investment objective is to provide a total return. The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. 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.
Peter Harvey joined Cazenove Capital in 2005 and is Head of Credit and manager of the Cazenove Strategic Debt Fund and the Morningstar OBSR Bronze rated Cazenove Strategic Bond Fund. Peter joined from F&C Management Ltd where he had been Head of UK Credit. He is a Director of Cazenove Capital and has 22 years’ experience analysing and investing in corporate debt. Peter graduated with a 2.1 degree from the University of St Andrews.