Quick Stats

Mid Price GBX 221.80 Day Change GBX +0.70 (0.32%)
Price Date 17 Jan 2019 Crown Rating 2
Shares Class Acc. Yield 2.25 %
Last Ex-Dividend Date 03 September 2018 Dividend Frequency Semi-annually
Sector UK Gilts Fund Size 131,139,400.00
Launch Date 03/10/1989 Standard Initial Charge 0.00%
Ongoing cost 0.58% Annual Management Charge 0.50%
ISIN GB0007647489 Sedol 0764748

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.
Bob Jolly
Bob Jolly is a veteran portfolio manager and head of global macro strategy at Schroders having joined the company in 2011. Previously he worked as head of currency, UK fixed income and global sovereign portfolio management at UBS Global Asset Management. Prior to UBS, Bob spent over two decades at Gartmore Investment Management becoming head of UK, global and structured fixed income portfolio construction.
Global-Multi Sector Team
Schroders' global multi-sector team is led by Bob Jolly, head of global macro, and Gareth Isaac, a fixed income fund manager.