ASI WORLD OPPORTUNISTIC BOND I

Invests globally in corporate bonds

  • 101.45p Price (Inc)
  • 124.09p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.50% Annual management charge
  • 0.63% Ongoing charges
  • 2.40% Yield

Fund data last updated 18 October 2019

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched March, 2013
Size £120m
Yield 2.40%
Charging basis Capital
Dividends paid 30 Apr, 31 Oct

Charges

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%

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Investment process

The fund, structured as a UK-domiciled OEIC, is managed by a team, led by Oliver Boulind, head of global credit and global high yield. It will aim to achieve a long-term total return through a portfolio of global investment and sub-investment grade government and corporate debt.

In Spring 2013 Aberdeen joined the party with the launch of their own Strategic Bond Fund. The investment philosophy is many respects is similar to other groups: essentially a best ideas fund drawn from the global fixed income universe with the ability to manage interest rate risk. As a means of differentiating themselves Aberdeen claim to take a more global approach to strategic bond investing by potentially focusing more on EM sovereigns and credits. Non £ exposure will be hedged. The fund will not invest in equity.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

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

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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 August 2019

1.2% Euro Stability Mechanism 0% 18/10/22
1.1% Citigroup 2.876% Frn 24/07/23 Usd
1.1% Jpmorgan Chase & Co 3.54% 01/05/28 Usd
1.1% Mexico(United Mexican States) 1.625% Bds 08/04/26 Eur100000
1% Societe Generale Sa 9.375% Undated Bds Eur50000
.8% Nordea Bank Ab 5.5% Bds 29/09/49 Usd200000144a
.7% Indonesia(Rep Of) 2.15% 18/07/24 Regs Eur
.7% Penske Truck Leasing/Ptl 3.375% 01/02/22
.7% Europe Invst Bank 1.125% 15/09/36 Emtn Eur
.7% European Investment Bank 0.625% Mtn 22/01/29 Eur1000
Source: Trustnet

Sector breakdown

Industrials 43.00%
Financials 30.00%
Government Bonds 11.00%
Utilities 7.00%
Property Shares 5.00%
Mortgage & Secured Bonds 3.00%
Others 2.00%

Portfolio

As at 30/09/13: AAA: 3.3; AA: 3.0; A: 11.6; BBB: 40.0; BB or below: 38.3; Unrated: nil.

Key Investor Documents

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