fund
EdenTree Amity Sterling Bond B
Environmentally and socially responsible bond fund.
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119.40p
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.
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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?
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0.00%
Initial chargeSome 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!
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0.65%
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).
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0.78%
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.
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3.80%
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…
Fund summary
| Sector | £ Strategic Bond |
| Structure | OEIC |
| Launched | April, 2008 |
| Size | £248m |
| Yield | 3.80% |
| Charging basis | Capital |
| Dividends paid | 28 Feb, 31 May, 31 Aug, 30 Nov |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.65% |
| Ongoing charges figure | 0.78% |
Allocation
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Investment process
The Fund seeks to invest in a portfolio of Government and investment grade fixed interest securities issued by companies which make a positive contribution to society and the environment through sustainable and socially responsible practices. The Fund is looking to avoid investment in areas such as companies which have a material involvement in alcohol, tobacco and weapon production, gambling and publication of violent or explicit materials. The portfolio will consist primarily of transferable securities but the Manager may also invest in units in collective investment schemes, money-market instruments, derivatives and forward transactions, deposits, nil and partly paid securities, bonds, convertible bonds, cash and near cash.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 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.
Robin Hepworth / Chris Hiorns
Hepworth, senior fund manager, joined Ecclesiastical in 1998 as an investment analyst. He was appointed a fund manager in 1994. Hiorns, investment analyst, joined Ecclesiastical in 1996 as a research assistant. He has an MSc in Economics from UCL and is a CFA charterholder.
Track record
The track record of Robin Hepworth / Chris Hiorns in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.
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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Top 10 holdings
Data accurate as at 31 July 2020
| 1.7197% | Orange 5.75%-Stp 31/12/49 Gbp10000 |
| 1.6914% | Scottish Widows Ltd 7% Nts 16/06/43 Gbp1000 |
| 1.6879% | Co-Operative Group Ltd 11% Final Repaymnt Sub Nts 20/12/25 Gbp1 |
| 1.6099% | Hiscox 6.125%-Frn Sub 24/11/45 Gbp |
| 1.5075% | Places For People Finance Plc 4.25% Gtd Bds 15/12/23 Gbp100 |
| 1.5059% | Rl Fin Bonds Plc 6.125% Due 30/11/2043 |
| 1.4994% | Koninklijke Kpn Nv 5.75% Bds 17/09/29 Gbp850000000 |
| 1.4977% | M&G Plc 5.625% Resetbl Dtd Nts 20/10/51 Gbp T2 |
| 1.4969% | Bupa Finance Plc 5% Nts 25/04/23 Gbp100000 |
| 1.4884% | Ngg Finance 5.625% Reset Cap Sec 18/06/73 Gbp100000 |
| Source: Trustnet |
Sector breakdown
| Financials | 48.00% |
| Consumer Discretionary | 10.00% |
| Utilities | 10.00% |
| Government Bonds | 8.00% |
| Communications | 7.00% |
| Money Market | 7.00% |
| Consumer Staples | 5.00% |
| Health Care | 3.00% |
| Industrials | 2.00% |
Key Investor Information