SWIP ABSOLUTE RETURN BOND A - Fund overview
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Overview of
SWIP ABSOLUTE RETURN BOND A
The fund targets a return of cash + 300bps gross of tax and fees by investing directly and indirectly in a portfolio predominantly consisting of fixed interest securities, money market instruments, cash, near cash, deposits, index linked securities and related derivatives. The aim is to achieve a positive monthly return every month. The fund effectively combines the best ideas from SWIP's fixed income and currency teams with a strong emphasis on minimising monthly drawdowns.
Standard Initial Charge
3.75% 0.75%
Invest via Bestinvest
to save 3.00%
Fund summary
| Sector |
Absolute Return
|
| Product type |
OEIC
|
| Launched |
June, 2006
|
| Size |
£76m
|
| Yield |
1.9%
|
| Charging basis |
Capital
|
| Dividends paid |
30/06, 31/12
|
| Bid price(inc) |
102.40p |
| Bid price(acc) |
115.50p |
Fund Charges
|
Standard Initial charge
|
3.75%
|
|
Initial charge via Bestinvest
|
0.75%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
1.00%
|
|
Total expense ratio
|
1.13%
|
|
Reduction in yield (10yr)
|
1.20%
|