Kames Absolute Return Bond B GBP

  • 1109.68p
    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!

  • 0.65%
    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).

  • 0.68%
    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.

  • 1.70%
    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 May 2020

Fund summary

Sector Targeted Absolute Return
Structure OFFSHORE FUND
Launched September, 2011
Size £475m
Yield 1.70%
Charging basis
Dividends paid Acc units only

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 0.68%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.05%
  • 16/17 -0.37%
  • 17/18 -1.49%
  • 18/19 1.16%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.08%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 56.00%

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

Stephen Snowden

Snowden holds a first class masters degree in Finance from Queens University, Belfast and joined Aegon Asset Management in 1994, spending four years with the US Equity team before moving to the Fixed Interest desk in 1998. In addition to portfolio management responsibilities he was a credit analyst for the financial and telecoms sectors. He resigned from Aegon in November 2003, joining Old Mutual Group in February 2004.

Track record

Stephen Snowden has 10.7 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 May 2000 - January 2009) there was a decline of 30% relative to the index. The worst absolute loss has been 40%.

Periods of worst performance

Absolute -40.00% (February 2007 - March 2009)
Relative -30.00% (May 2000 - January 2009)

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.

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Key Investor Information

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