LF Canlife Corporate Bond B

  • 222.59p
    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.

  • 286.08p
    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!

  • 0.75%
    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).

  • 0.80%
    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.

  • 3.20%
    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 23 January 2020

Fund summary

Sector £ Corporate Bond
Structure OEIC
Launched June, 1981
Size £317m
Yield 3.20%
Charging basis Income
Dividends paid 16 Feb, 16 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.80%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.06%
  • 16/17 -0.25%
  • 17/18 0.06%
  • 18/19 0.01%
  • 19/20 -0.10%

Bestinvest MRI

  • 3 years -0.01%
  • 5 years -0.07%
  • Career -0.09%
  • 3 years 81.10%
  • 5 years 37.50%
  • Career 36.70%

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

Eleni Poullides

Eleni has a BSc in Economics & Accounting from City University, and MSc in Economics at London School of Economics and is a Member of the Society of Investment Professionals (ASIP). She joined Canada Life in 1986 and successfully managed fixed interest funds for the Canada Life Irish Division for several years. She has also managed various UK unit linked fixed interest funds for over 10 years.

Track record

Eleni Poullides has 24.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. During the worst period of relative performance (from March 2009 - July 2016) there was a decline of 26% relative to the index. The worst absolute loss has been 7%.

Periods of worst performance

Absolute -7.00% (January 1999 - September 1999)
Relative -26.00% (March 2009 - July 2016)

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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Top 10 holdings

Data accurate as at 30 November 2019

1.9% Hsbc Hldgs 6% Subord Nts 29/03/40 Gbp50000
1.9% Prudential 5.56% 2055
1.7% L&G 5.5% 2064
1.6% Apple Inc 3.05% Bds 31/07/29 Gbp100000
1.5% Dali Capi 4.79% 2037
1.5% Yorkshire Water 5.5% 2037
1.4% Amgen 4% 2029
1.4% Dwr Cymru 6.015% 2028
1.4% Massmutua 1.375% 2026
1.4% Society Of Lloyds(The) 4.75% Sub Nts 30/10/24 Gbp100000
Source: Trustnet

Sector breakdown

BBB 49.00%
A- 45.00%
Money Market 4.00%
Non-Rated Non Investment Grade Bonds 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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