BMO Multi-Sector Bond 1

  • 49.23p
    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?

  • 5.00% 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!

  • 1.00%
    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).

  • 1.26%
    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.

  • 1.80%
    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 24 September 2020, fund data last updated 06 August 2003

The portfolio provides exposure to a relatively static mix of quality and high yield bonds. The average weighted quality of the portfolio will be usually be about BBB. The fund provides investors with a higher level of income for a moderate increase in capital risk.

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched
Size £52m
Yield 1.80%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.26%

Allocation

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Investment process

To provide a higher level of income through investment in a balance of investment grade and high yield bonds. These credits will be mostly sterling or euro denominated, all currency exposure is hedged. The process is initially guided by a top down approach to identify sector trends and maximise returns from yield curve strategies. Each member of the team is responsible for a number of sectors. Stocks within favoured sectors are then scrutinised on an ongoing basis. Relative to the Strategic bond fund, credit selection is likely to play a more significant role in driving fund returns.

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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Sector breakdown

Banks 18.00%
Consumer Goods 17.00%
Industrials 13.00%
Non-Cyclical Goods 12.00%
Telecommunications 11.00%
Property 7.00%
Insurance 6.00%
Others 6.00%
Mortgage & Secured Bonds 4.00%
Energy 3.00%

Portfolio

The portfolio is split through a 50/50 balance of investment grade and high yield corporate bonds. The fund holds between 120 - 130 positions

Key Investor Information

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