ASI (SLI) Corporate Bond R

Portfolio of investment grade mainly sterling denominated bonds.

  • 106.60p
    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.

  • 372.10p
    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?

  • 4.25% 1.25%

    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!

  • 1.10%
    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).

  • 1.22%
    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.

  • 2.20%
    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 13 December 2019, fund data last updated 23 July 2003

Fund summary

Sector £ Corporate Bond
Structure OEIC
Launched October, 2015
Size £249m
Yield 2.20%
Charging basis Capital
Dividends paid 15 Jan, 15 Apr, 15 Jul, 15 Oct

Charges

Standard initial charge 4.25%
Initial charge via Bestinvest 1.25%
Additional bid/offer spread 0.00%
Annual management charge 1.10%
Ongoing charges figure 1.22%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 -0.25%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.16%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Adam Walker

Walker joined Ignis Asset Management in October 2000 and is responsible for the Corporate Bond Fund as well as European, Sterling and Non-Financial life company mandates. Walker began his career by spending three years at Barclays Stockbrokers. He graduated from Strathclyde University in 1997 with an MSc in Operational Research after gaining a BSc in Aerospace Engineering.

Track record

The track record of Adam Walker in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -3.00% (June 2013 - June 2013)
Relative -8.00% (June 2014 - September 2015)

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.

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Top 10 holdings

Data accurate as at 31 July 2019

1.7% E.on International Finance 6.75% Mtn 27/01/39 Gbp50000
1.7% Telereal 6.165% 2031
1.3% Innogy Finance 6.125% 2039
1.2% Aa 2.875% 2022
1.2% America Movil Sab De Cv 4.948% Bds 22/07/33 Gbp100000
1.2% Enel 5.625% 2024
1.2% Gatwick Funding 5.75% 2037
1.1% At&T Inc 5.2% Nts 18/11/33 Gbp350000000
1.1% Edf 6.0% 2114
1.1% Premiertel Cls`B`6.175% Bds 8/5/32 Gbp1000
Source: Trustnet

Sector breakdown

Financials 43.00%
Corporate Bonds 38.00%
Asset/Mortgage-Backed Securities 15.00%
Others 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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