Barclays Sterling Bond A S2

Provides an income from a portfolio of quality sterling fixed interest securities and Government stock.

  • 69.85p Price (Inc)
  • 123.80p Price (Acc)
  • 0.00% Initial charge
  • 1.00% Annual management charge
  • 1.22% Ongoing charges
  • 2.10% Yield

Prices as at 10 December 2019, fund data last updated 30 September 2003

The fund aims to provide a high income from fixed interest securities. There is a strong emphasis on preservation of capital - the portfolio is diversified across 200-odd holdings to minimise the effect of default risk.

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched November, 1980
Size £176m
Yield 2.10%
Charging basis Income
Dividends paid 15 Jan, 15 Apr, 15 Jul, 15 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.22%

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Investment process

The aim of the trust is to provide a high income from a managed portfolio investing in sterling fixed interest securities including British Government stocks, consistent with security of capital. Gilts normally comprise between 15 -20% of the portfolio. The corporate bond element of the portfolio is mainly invested in high quality bonds typically AA rated, although the manager will invest in unrated issues if they pass rigorous selection criteria. The portfolio is largely guided by the the top-down house view.

Manager research

Average monthly relative returns

  • 14/15 0.21%
  • 15/16 -0.76%
  • 16/17 -0.23%
  • 17/18 0.03%
  • 18/19 -0.35%

Bestinvest MRI

  • 3 years -0.18%
  • 5 years -0.22%
  • Career -0.03%
  • 3 years 27.40%
  • 5 years 27.10%
  • Career 76.10%

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

Barclays Wealth Management

Track record

Barclays Wealth Management has 13.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.03%. During the worst period of relative performance (from February 2009 - August 2019) there was a decline of 19% relative to the index. The worst absolute loss has been 34%.

Periods of worst performance

Absolute -34.00% (May 2007 - March 2009)
Relative -19.00% (February 2009 - August 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.

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Sector breakdown

Government Bonds 54.00%
Others 16.00%
Money Market 10.00%
Financial Services 4.00%
Index Linked 4.00%
Mortgage & Secured Bonds 4.00%
Industrials 3.00%
Utilities 2.00%
Fixed Interest 2.00%

Portfolio

The portfolio is extremely well diversified holding over 200 different corporate securities.

Key Investor Information - Income

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Key Investor Information - Accumulation

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