Bestinvest says
The fund is one of the more aggressively positioned funds in the peer group from a credit perspective. The fund is positioned around the lower end of the investment grade spectrum and at the upper end of non-investment grade, which tends to make it more volatile overall.
The Strategic Bond Fund’s investment philosophy is based on adding value through active allocation across the fixed income asset classes in addition to individual stock selection. It has a flexible mandate in terms of the source of this return (income or capital) and the potential instruments in which it can invest. This includes the use of fixed income derivative instruments to enhance returns or protect capital. The fund is a sophisticated UCIT 3 product, consequently at any one time the fund's gross exposure to cash securities and credit instruments may exceed 100%. The management team will draw on the views of in house strategy team and fixed income teams to develop portfolio ideas. The fund is widely diversified, holding up to 200 bonds.