|Bid Price||-||Offer Price||-|
|Mid Price||GBX 57.63||Day Change||GBX -0.11 (-0.19%)|
|Price Date||13 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.65 %|
|Total Expense Ratio||0.61||Fund Size||193,700,000.00|
|Launch Date||06/04/1999||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.50||Sector||IMA UK Equity Income|
|Min Investment (£)||5,000,000.00||Total Expense Ratio (%)||0.61|
|ISIN||GB0006584543||Min TopUp (£)||50,000.00|
The fund aims to provide income by investing mainly in sterling bonds and targeting investments predominantly in bonds with a credit rating of 'AAA'. The Fund is actively managed by our investment teams who may invest in a variety of 'AAA' credit rated assets including corporate bonds, gilts, supranationals and other bonds (e.g. government backed securities, overseas bonds and index-linked bonds) and/or money market instruments in order to take advantage of opportunities they have identified. Generally any overseas assets will be hedged back to sterling. Up to 20% of the Fund may be invested in UK government bonds which are excluded from the rating criteria. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. The fund will routinely use derivatives to reduce risk or cost, or to generate additional capital or income at low risk. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. The value of assets held within the fund may rise and fall as a result of exchange rate fluctuations.
Daniel McKernan joined Standard Life Investments in 2013, as Head of Sterling Investment Grade Credit. He has responsibility for a number of large credit and aggregate bond mandates. Daniel has over 20 years' investment management experience as a fixed income fund manager and prior to joining us worked at Scottish Widows Investment Partnership as Head of European and Sterling Credit. He has also worked at BlackRock, Aegon Asset Management and Norwich Union.
Ross joined Standard Life Investments as an analyst within the Multi Asset team in July 2013. Ross holds an MA Economics (1st Class Hons) degree from the University of Glasgow and has passed all three levels of the Chartered Financial Analyst (CFA) Program.