Quick Stats

Bid Price - Offer Price -
Mid Price GBX 102.90 Day Change GBX +0.50 (0.49%)
Price Date 20 Oct 2017 Crown Rating 2
Shares Class Inc. Yield 3.00 %
Total Expense Ratio 1.38 Fund Size 212,581,875.10
Launch Date 28/01/2002 Standard Initial Charge (%) 3.50
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.25 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 1.38
ISIN GB0031643678 Min TopUp (£) 100.00

Fund Objective

To give either an income or growth (when income is kept within the fund). To do so by investing primarily in UK and European corporate bonds and other fixed interest securities, including government bonds. The majority of the fund will be in investment grade securities, but a significant proportion will be in securities with a higher than average risk.Investment grade bonds have achieved or exceeded a minimum credit rating awarded by a credit rating agency. Therefore they are considered lower risk than bonds with a lower credit rating. Credit ratings indicate the likelihood that an issuer will be able to make their payments.

Fund Managers

Luke Hickmore
Luke is responsible for managing credit bond portfolios for a wide variety of clients. He also covers the retail, pharmaceutical, household goods, transport and food sectors for the team. Before joining SWIP Luke worked for RIA Capital Markets in Edinburgh, where he was head of research and a member of the executive committee. Prior to this, he was an investment manager at Rathbone Unit Trust Management. His industry experience also includes time at Albert E Sharp and Lloyds Private Banking. Luke was awarded fellowship status of the Securities Institute in 1997 and holds the Investment Management Certificate.Luke has been with Swip since September 2007.
Pan European Credit Team