ASI Sterling Government Bond I

  • 124.31p
    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.

  • 207.87p
    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).

  • 0.61%
    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.

  • 0.40%
    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 UK Gilt
Structure OEIC
Launched July, 2015
Size £138m
Yield 0.40%
Charging basis Income
Dividends paid 28 Feb, 31 Aug

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 0.61%

Allocation

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Investment process

The fund's aim is to provide a long-term total return through investing mainly in British Govt bonds. The Fund may also invest in bonds of other sovereign, government, public and supra-national issuers, and investment grade corporate bonds.

Manager research

Average monthly relative returns

  • 16/17 -0.05%
  • 17/18 -0.08%
  • 18/19 -0.02%
  • 19/20 -0.12%
  • 20/21 0.02%

Bestinvest MRI

  • 3 years -0.04%
  • 5 years -0.05%
  • Career -0.07%
  • 3 years 54.80%
  • 5 years 50.00%
  • Career 44.40%

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

Graeme Caughey

Caughey joined SWIP in July 2001 as part of the Fixed Interest team focusing on government bonds. He is now an Investment Director in the bond team, leading on UK government bond strategy and fund management. Prior to joining SWIP, Graeme was a UK gilt fund manager with Morley Fund Management. Between 1994 and 1998 he held a number of positions with General Accident including actuarial modelling and UK and European fund management. Graeme was born in March 1970 and holds a joint Honours degree in Actuarial Mathematics and Statistics from Heriot Watt University. He is also a Fellow of The Faculty of Actuaries.

Track record

Graeme Caughey has 17.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from June 2002 - October 2019) there was a decline of 15% relative to the index. The worst absolute loss has been 9%.

Periods of worst performance

Absolute -9.00% (September 2010 - December 2013)
Relative -15.00% (June 2002 - October 2019)

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

7.7387% Uk (Govt Of) 1.25% 22/07/27 Gbp
4.6615% Uk (Govt Of) 0.5% 22/07/22 Gbp
3.6526% Uk(Govt Of) 1.625% 22/10/54 Gbp
3.6314% Hm Treasury United Kingdom Dmo 4.75% Gilt 07/12/30 Gbp
3.1968% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/12/55 Gbp0.01
3.1483% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/06/2032 Gbp0.01
3.1456% Hm Treasury United Kingdom Dmo 4% Gilt 22/01/60 Gbp0.01
3.1148% Hm Treasury United Kingdom Dmo 3.5% Gilt 22/01/45 Gbp
3.093% Hm Treasury United Kingdom Dmo 4.5% Gilt 7/9/2034 Gbp0.01
2.9217% Uk Treasury 4% 07/03/22 Gbp
Source: Trustnet

Sector breakdown

Government Bonds 97.00%
Others 2.00%
Financials 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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