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SKANDIA INVESTEC MONTHLY HIGH INCOME LF - Fund overview

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Overview of SKANDIA INVESTEC MONTHLY HIGH INCOME LF

The Fund aims to provide investors with a high income, paid monthly, by investing predominantly in higher yielding bonds. At the same time the fund will seek to outperform the Merrill Lynch Euro High Yield index hedged to sterling. The fund invests across global fixed income markets, the mandate also enables the manager to allocate up to 50% of the fund to quality bonds or sovereign debt according to the prevailing macro environment.

Standard Initial Charge

No data available.

Fund summary

Sector	–
Product type	INSURANCE BOND
Launched	March, 2002
Size	£7m
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	168.20p

Fund Charges

Standard Initial charge	–
Initial charge via Bestinvest	–
Additional bid/offer spread	4.97%
Annual management charge	–
Total expense ratio	–
Reduction in yield (10yr)	0.51%

Bestinvest says

No information available.

Portfolio

skandia investec monthly high income lf asset allocation illustration

Allocation		Proportion

	Equity	–
	High yield bonds	52%
	Quality bonds	34%
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	14%

No data available.

View all performance data for SKANDIA INVESTEC MONTHLY HIGH INCOME LF

Investment process

The investment process begins by looking at the broader macro themes searching for regions with strong macro-economic fundamentals and sectors with attractive valuations and a low default risk, this stage will determine the overall portfolio split between quality and high yield bonds. A further step uses a quantitative screen to check for potential positive and negative surprises for individual companies and industries further stock specific analysis then focuses on management capabilities and balance sheet strength with a view to identifying individual credits.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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