ASI Sterling Bond I

  • 130.10p
    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.

  • 142.89p
    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).

  • 0.63%
    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.

  • 0.60%
    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 15 January 2021

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched July, 2015
Size £151m
Yield 0.60%
Charging basis
Dividends paid

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 0.63%

Allocation

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Investment process

The fund's objective is to provide a total return by investing in a portfolio of predominantly fixed interest securities.

Manager research

Average monthly relative returns

  • 16/17 -0.04%
  • 17/18 0.18%
  • 18/19 -0.03%
  • 19/20 0.02%
  • 20/21 0.18%

Bestinvest MRI

  • 3 years 0.06%
  • 5 years 0.06%
  • Career -0.10%
  • 3 years 93.10%
  • 5 years 96.70%
  • Career 35.90%

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

Aberdeen Pan European Credit Team

Webb is a Senior Investment Manager on the Pan European Credit team. He joined Aberdeen following the acquisition of the SWIP business in April 2014. Webb joined SWIP in 2009 and has extensive experience in the bond market and specifically all areas of the UK and European credit markets. He joined the investment industry in 1985 when he began a lengthy career at Norwich Union’s investment management division. He holds the UK Society of Investment Professionals (UKSIP) associateship. Hickmore is a Senior Investment Manager on the Pan European Credit team. He joined Aberdeen following the acquisition of the SWIP business in April 2014. Before joining SWIP, Hickmore was Head of Credit Research and Strategy at RIA Capital Markets in Edinburgh. Prior to this Hickmore worked in the wealth management industry, including Rathbone Brothers where he launched and managed the firm’s first corporate bond fund. He passed his Chartered Securities & Investment Institute exams in 1994, becoming a member in that year and progressed to a Fellow of the Institute in 1997.

Track record

Aberdeen Pan European Credit Team has 20.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from August 2001 - March 2009) there was a decline of 37% relative to the index. The worst absolute loss has been 32%.

Periods of worst performance

Absolute -32.00% (February 2007 - March 2009)
Relative -37.00% (August 2001 - March 2009)

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

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Top 10 holdings

Data accurate as at 31 July 2020

3.9% Uk (Govt Of) 1.25% 22/07/27 Gbp
3.7% Hm Treasury United Kingdom Dmo 4.75% Gilt 07/12/30 Gbp
3.5% Sweden(Kingdom Of) 0.75% Bds 12/11/29 Sek5000
3.3% Hm Treasury United Kingdom Dmo 1.625% Trsy Gilt 22/10/54 Gbp0.01
2.4% Hm Treasury United Kingdom Dmo 4.5% Gilt 7/9/2034 Gbp0.01
2.3% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/12/55 Gbp0.01
2.3% Hm Treasury United Kingdom Dmo 4% Gilt 22/01/60 Gbp0.01
2.2% Hm Treasury United Kingdom Dmo 3.5% Gilt 22/01/45 Gbp
2.2% Uk Treasury 4.75% 07/12/38 Gbp
2.2% Hm Treasury United Kingdom Dmo 4.5% Gilt 7/12/42 Gbp
Source: Trustnet

Sector breakdown

Government Bonds 68.00%
Financials 10.00%
Industrials 8.00%
Utilities 5.00%
Others 5.00%
Property Shares 2.00%
Mortgage & Secured Bonds 1.00%
Asset/Mortgage-Backed Securities 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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