BMO Multi-Sector Higher Income Bond 1

Invested primarily in high yielding global corporate bonds.

  • 48.03p
    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!

  • 1.25%
    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).

  • 1.49%
    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.

  • 2.50%
    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 25 September 2020, fund data last updated 01 April 2002

Fund summary

Sector £ High Yield
Structure OEIC
Launched November, 2000
Size £29m
Yield 2.50%
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%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.49%

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 through investment primarily in high-yielding global fixed interest securities denominated in US dollars, sterling and Euros. A widely diversified portfolio will focus on non-investment grade bonds.

Manager research

Average monthly relative returns

  • 15/16 0.03%
  • 16/17 0.02%
  • 17/18 0.09%
  • 18/19 -0.04%
  • 19/20 -0.04%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.01%
  • Career 0.05%
  • 3 years 80.50%
  • 5 years 89.30%
  • Career 99.80%

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

Chris Brills

Brills is F&C’s Head of High-yield Bonds and has been with the company since 2011. Previously he was he was head of European high-yield at ABN AMRO Asset Management before joining Pall Mall Investment Management, where he was head of high-yield. Chris is a CFA Charterholder and holds a master’s degree in General Management from The Netherlands Business School, Nyenrode University. He also holds a master’s degree in Forestry Science from Wageningen Agricultural University.

Track record

Chris Brills has 7.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.05%. During the worst period of relative performance (from April 2019 - June 2020) there was a decline of 2% relative to the index. The worst absolute loss has been 8%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -8.00% (January 2020 - March 2020)
Relative -2.00% (April 2019 - June 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

2% United States Of Amer Treas Notes 1.5% Nts 15/02/30 Usd100
1.1% Iron Mountain Uk Plc 3.875% Bds 15/11/25 Gbp1000
1% Sprint Nextel Corp 7% Bds 15/08/20 Usd2000
1% Crown Euro Hldgs Sa 3.375% Nts 15/05/25 Eur100000
1% Csc Hldgs Inc 5.5% Bds 15/04/27 Usd1000
1% Netflix 3.0625% 15/05/2020
.9% Credit Suisse Group 1% 29/12/2049
.9% Pinewood Finance Ltd 3.25% Bds 30/09/25 Gbp100000reg S
.9% Fiat Chrysler Automobile 5.25% 15/04/2043
.8% Ims Health Inc 2.875 15/09/2025
Source: Trustnet

Sector breakdown

Cyclical Consumer Goods 23.00%
Non-Cyclical Consumer Goods 16.00%
Communications 16.00%
Others 13.00%
Capital Goods 9.00%
Banks 5.00%
Basic Industries 4.00%
Money Market 4.00%
Technology 4.00%
Insurance 3.00%

Key Investor Information

Download