ASI Strategic Bond I

  • 125.21p
    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.

  • 179.19p
    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?

  • 3.75% 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!

  • 0.00%
    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).

  • 0.14%
    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.

  • 2.90%
    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

SWIP Strategic Bond Fund is a flexible product aimed at providing investors with the best possible total return by investing across a range of bond markets. The Managers of the Fund benefit from the considerable skills of a large and experienced team of skilled investors each of whom are specialists in their fields which include sovereign bonds, investment grade and high yield credit.

Fund summary

Sector £ Strategic Bond
Structure UNIT TRUST
Launched September, 2015
Size £84m
Yield 2.90%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 3.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.00%
Ongoing charges figure 0.14%

Allocation

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Investment process

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

2.1% Axa 6.6862% Frn Perp Emtn Gbp
2.1% Ngg Finance 5.625% Reset Cap Sec 18/06/73 Gbp100000
2% Abn Amro Bank 5.75% Var Perp Eur
2% Tesco Property Finance 3 Plc 5.744% Bds 13/04/40 Gbp1000
2% Lloyds Bank 13% Var Perp Emtn Gbp
2% Bank Of Nova Scotia 4.65% 12/04/49
1.8% Caixa Geral De Depositos 10.75%
1.7% Anheuser-Busch Inbev Sa/Nv 1.75% Nts 07/03/25 Gbp1000
1.7% Total 3.369% Var Perp Emtn Eur
1.6% Quadgas Finance Plc 3.375% Sec Snr Nts 17/09/29 Gbp100000
Source: Trustnet

Sector breakdown

Financials 46.00%
Industrials 26.00%
Property Shares 9.00%
Utilities 8.00%
Mortgage & Secured Bonds 4.00%
Others 3.00%
Mutual Funds 2.00%
Asset/Mortgage-Backed Securities 2.00%
Government Bonds 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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