fund
Aviva Investors Strategic Bond SC 2
Fund invested in high yield, emerging market, investment grade and government bonds.
-
111.62p
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.
-
-
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 chargeSome 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…
Fund summary
| Sector | £ Strategic Bond |
| Structure | OEIC |
| Launched | September, 2008 |
| Size | £298m |
| Yield | 2.20% |
| Charging basis | Income |
| Dividends paid | 15 Mar, 15 Jun, 15 Sep, 15 Dec |
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
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Investment process
The fund aims to maximise returns by investing in a diversified portfolio of high yield, emerging market, investment grade and government bonds.
Manager research
Average monthly relative returns
- 16/17 -0.30%
- 17/18 -0.04%
- 18/19 0.01%
- 19/20 -0.17%
- 20/21 -0.12%
Bestinvest MRI
- 3 years -0.09%
- 5 years -0.12%
- Career -0.13%
- 3 years 33.70%
- 5 years 14.00%
- Career 8.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Christopher Higham
Higham rejoined Morley in September 2008 from Old Mutual Asset Managers where he worked as a fund manager since June 2005. He co-managed the AA rated Old Mutual Dynamic Bond fund and deputy managed the Old Mutual Corporate Bond fund. He previously worked at Morley from September 1999 as a credit analyst.
Track record
Christopher Higham has 12.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.13%. During the worst period of relative performance (from May 2008 - November 2020) there was a decline of 18% relative to the index. The worst absolute loss has been 23%.
Periods of worst performance
| Absolute | -23.00% (April 2008 - March 2009) |
| Relative | -18.00% (May 2008 - November 2020) |
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
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Top 10 holdings
Data accurate as at 31 July 2020
| 6.17% | United States Treasury Bonds 3% 15/02/2049 |
| 5.7% | Germany(Federal Republic Of) Frn 15/04/30 Eur1000 |
| 4.09% | United States Of Amer Treas Bills 1.75% Bds 15/11/29 Usd100 |
| 3.89% | United States Treasury Bonds 0% 15/02/2046 |
| 3.67% | Aviva Investors Stlg Lqudty 3 Gbp Inc |
| 3.36% | United States Treasury Notes 0% 15/01/2029 |
| 2.7% | Legal & General Group Plc 0% 23/07/2041 |
| 2.28% | Virgin Media Secured Finance Plc 5% Bds 15/04/27 Gbp1000 |
| 2.27% | Telecom Italia Spa(New) 5.875% Bds 19/05/23 Gbp(Var) |
| Source: Trustnet |
Sector breakdown
| Government Bonds | 25.00% |
| Communications | 18.00% |
| Banks | 12.00% |
| Others | 8.00% |
| Insurance | 6.00% |
| Cyclical Consumer Goods | 6.00% |
| Non-Cyclical Consumer Goods | 6.00% |
| Asset/Mortgage-Backed Securities | 4.00% |
| Electricity Supply | 3.00% |
| Financials | 2.00% |
Portfolio
60-80 stocks
Key Investor Information