ASI World Opportunistic Bond I

Invests globally in corporate bonds

  • 102.98p
    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.

  • 125.94p
    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.

  • 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 17 January 2020

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched March, 2013
Size £120m
Yield 2.20%
Charging basis Capital
Dividends paid 30 Apr, 31 Oct

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, 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

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 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.

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.

Allocation

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Top 10 holdings

Data accurate as at 30 November 2019

1% Abn Amro Bank Nv 4.4% Nts 27/03/28 Usd200000
1% Citigroup 2.876% Frn 24/07/23 Usd
1% Jpmorgan Chase & Co 3.54% 01/05/28 Usd
1% Mexico(United Mexican States) 1.625% Bds 08/04/26 Eur100000
.7% Comcast Corp 3.25% Bds 01/11/39 Usd2000
.7% Europe Invst Bank 1.125% 15/09/36 Emtn Eur
.7% Indonesia(Rep Of) 2.15% 18/07/24 Regs Eur
.7% Penske Truck Leasing/Ptl 3.375% 01/02/22
.6% Bnp Paribas 2.819% Bds 19/11/25 Usd200000
.6% Jpmorgan Chase & Co 4.023% Bds 05/12/24 Usd2000
Source: Trustnet

Sector breakdown

Industrials 44.00%
Financials 30.00%
Government Bonds 8.00%
Utilities 8.00%
Property Shares 5.00%
Others 3.00%
Mortgage & Secured Bonds 3.00%

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 Information - Income

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Key Investor Information - Accumulation

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