BlackRock Corporate Bond 1 to 10 Year D

  • 164.50p
    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 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!

  • 0.15%
    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).

  • 0.24%
    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.

  • 2.10%

    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

The fund’s objective is to maximise total return by investing principally in corporate bonds and other interest-bearing securities. Sterling denominated investment grade corporate bonds are viewed as the core investment universe although the fund has the flexibility to invest in non-benchmark securities and the capabilities to allocate to below investment grade securities. Fundamental research, portfolio surveillance, idea generation and diversification are combined in the investment process.

Fund summary

Sector £ Corporate Bond
Structure UNIT TRUST
Launched June, 2012
Size £1,215m
Yield 2.10%
Charging basis Income
Dividends paid Acc units only


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.48%
Annual management charge 0.15%
Ongoing charges figure 0.24%


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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.19%
  • 17/18 -0.04%
  • 18/19 0.03%
  • 19/20 -0.10%
  • 20/21 -0.08%

Bestinvest MRI

  • 3 years -0.05%
  • 5 years -0.08%
  • Career -0.09%
  • 3 years 26.10%
  • 5 years 11.50%
  • Career 6.40%

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

Duncan Fergusson

Fergusson, Director and Portfolio Manager, is a member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Fergusson’s service with the firm dates back to 2003, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, Fergusson was a member of the portfolio Solutions team and prior to this, he worked on the Securities Lending team. Fergusson achieved a BSc Degree in Business Administration from the University of Bath.

Track record

Duncan Fergusson has 9.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. During the worst period of relative performance (from June 2011 - January 2020) there was a decline of 11% relative to the index. The worst absolute loss has been 7%.

Periods of worst performance

Absolute -7.00% (January 2020 - March 2020)
Relative -11.00% (June 2011 - January 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.


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Top 10 holdings

Data accurate as at 31 July 2020

.8856% Bank Of America Corp 7% Snr Nts 31/07/28 Gbp50000
.6716% Barclays Plc 3.25% Nts 12/02/27 Gbp100000
.6164% Cooperatieve Cent Rffisen Ba/Nl 4.625% Bds 23/05/29 Gbp100000
.5908% Goldman Sachs Group Inc 3.125% Bds 25/07/29 Gbp1000
.5761% Bp Capital Markets Plc Regs 4.25 12/31/2049
.5279% Royal Bank Of Scotland Group Plc Mtn Regs 3.622 08/14/2030
.5266% Ing Groep Nv 3% Bds 18/02/26 Gbp100000
.5252% Koninklijke Kpn Nv 5.75% Bds 17/09/29 Gbp850000000
.5246% Morgan Stanley Mtn 2.625 03/09/2027
.5067% Lloyds Bank Plc 7.625% Nts 22/04/25 Gbp1000
Source: Trustnet

Sector breakdown

Financials 51.00%
Industrials 33.00%
Utilities 12.00%
Government Agency Bonds 3.00%

Key Investor Information