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F&C EXTRA INCOME BOND 1 - Fund overview

Bestinvest rating Unrated

Overview of F&C EXTRA INCOME BOND 1

The portfolio provides exposure to a relatively static mix of quality and high yield bonds. The average weighted quality of the portfolio will be usually be about BBB. The fund provides investors with a higher level of income for a moderate increase in capital risk.

Standard Initial Charge

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Fund summary

Sector	£ Strategic Bond
Product type	OEIC
Launched	January, 2000
Size	£125m
Yield	4.7%
Charging basis	INCOME
Dividends paid	31/3, 30/6, 30/9, 31/12.
Cofunds	Yes
FundsNetwork	Yes
Bid price	43.20p	0.04p

Fund Charges

Standard Initial charge	5.00%
Initial charge via Bestinvest	0.00%
Additional bid/offer spread	0.00%
Annual management charge	1.00%
Total expense ratio	1.18%
Reduction in yield (10yr)	1.18%

Portfolio

f&c extra income bond 1 asset allocation illustration

Allocation		Proportion

	Equity	–
	High yield bonds	40%
	Quality bonds	52%
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	8%

No data available.

View all performance data for F&C EXTRA INCOME BOND 1

Investment process

To provide a higher level of income through investment in a balance of
investment grade and high yield bonds. These credits will be mostly sterling or euro denominated, all currency exposure is hedged.
The process is initially guided by a top down approach to identify sector trends and maximise returns from yield curve strategies. Each member of the team is responsible for a number of sectors. Stocks within favoured sectors are then scrutinised on an ongoing basis. Relative to the Strategic bond fund, credit selection is likely to play a more significant role in driving fund returns.

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