ASI Global Index Linked Bond P1

  • 59.51p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 65.11p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.65%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.70%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 20 January 2021

Fund summary

Sector Global Bonds
Structure OEIC
Launched May, 2012
Size £1,086m
Yield 0.70%
Charging basis Income
Dividends paid 28 Feb, 31 Mar, 30 Jun, 30 Sep

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 0.65%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The objective of the fund is to provide a consistent level of income with capital appreciation being of secondary importance. The investment policy of the fund is to invest primarily in sovereign-issued and corporate inflation linked debt. The fund may also invest in conventional government bonds, investment grade corporate entities, and other interest bearing securities issued anywhere in the world. Additionally, from time to time, the Fund may invest in other forms of transferable securities, deposits, money market instruments and collective investment schemes in accordance with the FSA Rules.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 -0.02%
  • 20/21 -0.25%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.17%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 36.30%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Katy Forbes / Adam Skerry

Katy Forbes, Investment Director, joined the Real Returns team in 2008 and has been a secondary manager on Global Index Linked Bond portfolios since then. Adam Skerry joined Standard Life Investments as an Investment Director on the Real Returns team in March 2011. Skerry began his career in 1998 at PricewaterhouseCoopers and then moved onto other investment management roles at Henderson Global Investors, Saxon Financial, and Baring Asset Management.

Track record

Katy Forbes / Adam Skerry has 2.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.17%. During the worst period of relative performance (from September 2018 - May 2020) there was a decline of 10% relative to the index. The worst absolute loss has been 4%.

Periods of worst performance

Absolute -4.00% (August 2019 - December 2019)
Relative -10.00% (September 2018 - May 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 30 June 2020

4.1% United States Of Amer Treas Bills 0.25% Tb 15/07/29 Usd100
4% Us (Govt Of) 0.125% 2030
3% Australia (Govt Of) 2.5% Il 2030
2.5% Hm Treasury United Kingdom Dmo 0.125% Idx Lkd Tsy Gilt 10/08/28 Gbp0.01
2.3% Hm Treasury United Kingdom Dmo 0.125% Gilt 22/03/68 Gbp0.01
2.3% Uk Gilt I/L 0.5% 22/03/2050
2.2% United States Of Amer Treas Notes 0.375% Nts 15/01/27 Usd100
2% Us (Govt Of) 0.125% Il 2022
2% United States Of Amer Treas Notes 0.25% Tb 15/01/25 Usd1000
1.9% United States Of Amer Treas Notes 0.125% Tb 15/07/24 Usd1000
Source: Trustnet

Sector breakdown

AAA 57.00%
AA 29.00%
BBB 7.00%
A 4.00%
Non-Rated 2.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download