fund
LF Canlife Corporate Bond C
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230.23p
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.
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304.86p
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?
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4.75% 0.00%
Initial chargeSome 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!
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0.50%
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).
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0.55%
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.
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3.00%
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…
Fund summary
| Sector | £ Corporate Bond |
| Structure | OEIC |
| Launched | March, 2013 |
| Size | £312m |
| Yield | 3.00% |
| Charging basis | Income |
| Dividends paid | 16 Feb, 16 Aug |
Charges
| Standard initial charge | 4.75% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.50% |
| Ongoing charges figure | 0.55% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.19%
- 17/18 0.06%
- 18/19 -0.01%
- 19/20 -0.08%
- 20/21 -0.04%
Bestinvest MRI
- 3 years -0.04%
- 5 years -0.05%
- Career -0.08%
- 3 years 57.50%
- 5 years 48.00%
- Career 38.20%
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 25.5 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 March 2009 - July 2016) there was a decline of 26% relative to the index. The worst absolute loss has been 8%.
Periods of worst performance
| Absolute | -8.00% (January 2020 - March 2020) |
| 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.
Allocation
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Top 10 holdings
Data accurate as at 31 July 2020
| 1.9% | Hsbc Hldgs 6% Subord Nts 29/03/40 Gbp50000 |
| 1.6% | Yorkshire Water 5.5% 2037 |
| 1.6% | Wells Fargo Bank Na 5.25% Subord Nts 01/08/23 Gbp50000 |
| 1.5% | Massmutua 1.375% 2026 |
| 1.5% | Dali Capi 4.79% 2037 |
| 1.5% | Amgen 4% 2029 |
| 1.4% | Dwr Cymru 6.015% 2028 |
| 1.4% | Canary Wharf Finance Ii 6.80% 1st Mtg Deb Stk 22/10/33 Gbp B |
| 1.4% | Axa 5.625% Bds 16/01/54 Gbp1000 |
| 1.4% | Verizon Communications Inc 3.125% Bds 02/11/35 Gbp100000 |
| Source: Trustnet |
Sector breakdown
| A- | 48.00% |
| BBB | 47.00% |
| Money Market | 3.00% |
| Non-Rated Non Investment Grade Bonds | 1.00% |