BMO Corporate Bond C

Invests in investment grade fixed interest securities.

  • 61.49p
    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!

  • 0.50%
    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).

  • 0.62%
    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.

  • 2.40%
    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 22 January 2021

Fund summary

Sector £ Corporate Bond
Structure OEIC
Launched July, 2012
Size £22m
Yield 2.40%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 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 0.62%

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Investment process

The fund's objective is to provide high income through investment primarily in sterling fixed income securities.

Manager research

Average monthly relative returns

  • 16/17 -0.25%
  • 17/18 0.02%
  • 18/19 -0.03%
  • 19/20 -0.22%
  • 20/21 -0.15%

Bestinvest MRI

  • 3 years -0.13%
  • 5 years -0.13%
  • Career -0.10%
  • 3 years 12.90%
  • 5 years 10.80%
  • Career 34.80%

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

Ian Robinson

Ian Robinson is co-Head of UK Credit and Head of Credit Strategy, having joined F&C in 2002. He began his career in 1992 at Whittingale. In 1996 Robinson moved to MGM Assurance as a Fixed Income Fund Manager. Four years later he moved to WestLB Asset Management as an Asset Manager in the Global Fixed Income & Currencies team. Robinson has a BSc(Hons) in Software Engineering from the University of Birmingham and an MSc (Eng) in Integrated Management Systems. He obtained the IIMR qualification in 1995.

Track record

Ian Robinson has 18.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from October 2002 - December 2020) there was a decline of 21% relative to the index. The worst absolute loss has been 25%.

Periods of worst performance

Absolute -25.00% (November 2006 - March 2009)
Relative -21.00% (October 2002 - December 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

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Top 10 holdings

Data accurate as at 31 July 2020

1.7% At&T Inc 4.375% Nts 14/09/29 Gbp1000
1.4% Land Securities 1.974% 08/02/2024
1.3% Zurich Finance 6.625% 30/10/2049
1.2% Wellcome Trust Ltd(The) 2.517% Bds 07/02/18 Gbp100000
1.2% Ing Bank
1.2% Pension Insurance Corp Plc 5.625% Sub Nts 20/09/30 Gbp100000
1.2% Bpce Sa 3.57425% 12/09/2023
1.2% Lloyds Tsb Bank 6.5% 17/09/2040
1.1% Aviva 6.125% 16/11/2026
1.1% Societe Generale Sa 5% Bds 17/01/24 Usd200000144a
Source: Trustnet

Sector breakdown

BBB 55.00%
A 26.00%
AA 7.00%
BB 7.00%
AAA 2.00%
Money Market 1.00%
Non-Rated 1.00%

Key Investor Information

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