Quick Stats

Bid Price GBX 64.13 Offer Price GBX 64.19
Mid Price - Day Change GBX +0.16 (0.25%)
Price Date 16 Oct 2017 Crown Rating 3
Shares Class Inc. Yield 2.02 %
Total Expense Ratio 0.00 Fund Size 148,855,000.00
Launch Date 03/10/1989 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.50 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 0.00
ISIN GB0007647372 Min TopUp (£) 500.00

Fund Objective

The fund aims to provide income and capital growth. The fund invests mainly in bonds issued by the UK government across all maturities. The fund may also hold exposure to other government and non-government issuers. Government bonds can offer an alternative to equity markets, providing diversification in times of weaker risk appetite amongst investors. The fund will invest in bonds issued either in British pound or in another currency hedged back into British pound (to reduce or remove the risk of loss through currency movements). 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

Paul Grainger
Paul Grainger joined Schroders in 2015 as a Senior Portfolio Manager in the Fixed Income team, based in London. His earlier career began in 1995 within the BZW Securities graduate training programme where he rotated through Fixed Income sales and trading and into asset management at Barclays Global Investors. In 1999 he moved to Gartmore as a Senior Portfolio Manager and then moved to F&C Asset Management in 2003. In 2006 he moved to Wellington Management as a Portfolio Manager and latterly in 2014, co-founded a financial technology firm named yoyoDATA before moving to Schroders in 2015. Paul graduated from Exeter University in 1995 with a B.A. in Economics and European Studies and he is a Member of the United Kingdom Society of investment professionals and a CFA Charterholder.
Thomas Sartain
Thomas Sartain is UK & European Money Market & Government Bond Fund Manager, based in London.He Joined Schroders in 2005 as fund manager’s assistant on the global fixed income desk. His Financial Markets career commenced in 2003 upon joining Royal Bank of Scotland. He has BA (Hons) degree in Management and Business Administration, University of Reading.
James Lindsay-Fynn