iShares Overseas Corporate Bond Index D

Fixed interest tracker fund following the Barclays Capital Global Aggregate Corporate ex UK index.

  • 142.60p
    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.

  • 168.10p
    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!

  • 0.15%
    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).

  • 0.17%
    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 20 January 2021

The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, by tracking closely the performance of the Barclays Capital Global Aggregate Corporate ex UK, the Fund’s benchmark index. The Fund invests in fixed income securities (such as bonds) that make up the benchmark index and, at the time of purchase, comply with the credit rating requirements of the benchmark index.

Fund summary

Sector Global Bonds
Structure UNIT TRUST
Launched June, 2012
Size £2,832m
Yield 2.40%
Charging basis Income
Dividends paid Mar, Sep

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.35%
Annual management charge 0.15%
Ongoing charges figure 0.17%

Allocation

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Investment process

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.

Darren Wills

Wills, Director, is a portfolio manager within BlackRock’s Model-Based Fixed Income Portfolio Management Group. Wills’ service with the firm dates back to 2008, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Wills was an investment manager at State Street Global Advisors, prior to BGI, where he mainly managed sterling and global credit portfolios. Wills has a BSc degree in mathematics and management sciences from University of Manchester Institute of Science and Technology and also holds the Investment Management Certificate.

Track record

The track record of Darren Wills 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

.3491% Japan(Government Of) 0.6% Nts 20/03/24 Jpy50000
.157% Japan(Government Of) 1% Bds 20/09/20 Jpy50000 Srs 310
.1285% Japan(Government Of) 0.1% Bds 20/03/29 Jpy50000
.1049% Anheuser-Busch Companies Llc 4.9 02/01/2046
.101% Cvs Health Corp 5.05% Bds 25/03/48 Usd2000
.0997% Cvs Health Corp 4.3 03/25/2028
.0971% General Electric Capital Corp 4.418% Nts 15/11/35 Usd1000 144a
.0815% Bank Of America Corp 4.083% Bds 20/03/51 Usd2000
.076% T-Mobile Usa Inc 3.875% Bds 15/04/30 Usd2000144a
.0756% Goldman Sachs Group Inc 6.75% Bds 01/10/37 Usd1000
Source: Trustnet

Sector breakdown

Industrials 56.00%
Financials 34.00%
Utilities 8.00%
Government Bonds 1.00%
Money Market 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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