iShares UK Gilts All Stocks Index D

  • 174.40p
    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.

  • 195.90p
    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).

  • 0.16%
    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.

  • 1.60%
    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 28 May 2020

Fund summary

Sector UK Gilt
Structure UNIT TRUST
Launched June, 2012
Size £4,960m
Yield 1.60%
Charging basis Income
Dividends paid Apr, Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.06%
Annual management charge 0.15%
Ongoing charges figure 0.16%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.06%
  • 16/17 -0.04%
  • 17/18 0.01%
  • 18/19 -0.01%
  • 19/20 -0.09%

Bestinvest MRI

  • 3 years -0.03%
  • 5 years -0.04%
  • Career -0.08%
  • 3 years 41.70%
  • 5 years 36.30%
  • Career 4.80%

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

Panayotis Ferendinos

Ferendinos is a member of the European & Non-Dollar Fixed Income Group within BlackRock Fundamental Fixed Income. Ferendinos' service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Ferendinos specialised in macroeconomic research and analysis for the sterling investment team. He also worked within the dealer support, static data, and valuation teams. Prior to joining MLIM, Ferendinos worked for an Italian fixed income broker. Ferendinos earned a BA degree in law, English & psychology from the University of Natal Durban in 1992, and a BA degree, with honours, in English literature from the University of South Africa in 1993.

Track record

Panayotis Ferendinos has 14.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.08%. During the worst period of relative performance (from November 2005 - April 2020) there was a decline of 13% relative to the index. The worst absolute loss has been 8%.

Periods of worst performance

Absolute -8.00% (August 2016 - January 2017)
Relative -13.00% (November 2005 - April 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

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Top 10 holdings

Data accurate as at 31 January 2020

3.2989% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/06/2032 Gbp0.01
3.2921% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/12/55 Gbp0.01
3.1697% Hm Treasury United Kingdom Dmo 4.75% Gilt 07/12/30 Gbp
3.1673% Hm Treasury United Kingdom Dmo 4.5% Gilt 7/9/2034 Gbp0.01
3.1096% Hm Treasury United Kingdom Dmo 4.5% Gilt 7/12/42 Gbp
3.0609% Hm Treasury United Kingdom Dmo 5% Gilt 07/03/25 Gbp
3.06% Hm Treasury United Kingdom Dmo 4% Gilt 22/01/60 Gbp0.01
3.046% Uk Conv Gilt 3.75 09/07/2020
3.0228% Hm Treasury United Kingdom Dmo 4.25% Gilt 7/12/2027
2.9608% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/03/36 Gbp0.01
Source: Trustnet

Sector breakdown

Government Bonds 100.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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