fund

Rated

This is one of our rated funds. They’re the ones our experts believe will do well for investors over the longer term. Top of the class!

Insight High Grade ABS B GBP

  • 137.41p
    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!

  • 0.25%
    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).

  • 0.30%
    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.

  • 0.00%
    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 October 2021

A weekly dealt, Dublin listed UCITS fund, investing predominantly in prime Pan European residential mortgage backed securities that have been assigned an investment grade rating. The portfolio may also include some exposure to the senior tranches of CMBS and consumer related ABS. The underlying securities are all FRNs offering a yield over 3m LIBOR. Target returns: LIBOR +2% gross of fees. All non-sterling currency exposure is hedged. Bonds issued by major governments and companies will be more stable than those issued by emerging markets or smaller corporate issuers; in the event of an issuer experiencing financial difficulty, there may be a risk to some or all of the capital invested. Any historical or current yields quoted should not be considered reliable indicators of future performance.

Fund summary

Sector
Structure OFFSHORE FUND
Launched
Size £6,652m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.25%
Ongoing charges figure 0.30%

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Investment process

This Insight fund provides one of the few means of accessing this specialist asset class. The fund will investment mainly in Pan European and Australian ABS which offer full legal recourse back to the borrower. The average weighted minimum credit quality for the portfolio is -AA. A max of 50% of NAV can be invested in AA or below. At least 60% will be invested in prime RMBS or cash. Up to 30% can be invested in CMBS, 40% in consumer loans. All securities are FRN. The maximum weighted average maturity is 5yrs. Historically spread duration risk has been managed within a 3-5yr range according to the manager's appetite for risk.

One of the few fund options that provide dedicated exposure to high quality ABS. The fund is accessible to discretionary clients only at very competitive rates. The mandate is a potential beneficiary of the ECB bond buying programme.

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.

Track record

Periods of worst performance

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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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Portfolio

80 securities. 1-4% positions. Min average weighted credit quality: -AA. Min 60% invested in prime RMBS.

Key Investor Information

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