An actively managed quality bond fund which incorporates sustainability screening.
Prices as at 25 May 2022.
Fund commentary last updated 16 Nov 2021.
Past performance is not an indication of future performance.
Capital at risk.
|Sector||£ Corporate Bond|
|Dividends paid||Last day of each month|
|Standard Initial Charge||0%|
|Initial Charge Via BestInvest||0%|
|Additional Bid/Offer Spread||0%|
|Annual Management Charge||0.5%|
|Ongoing Charges Figure||0.59%|
The investment process has two key stages – identifying superior bonds and constructing resilient portfolios and controlling risk. It includes top-down economic analysis looking at relevant areas such as interest rates policy. This involves quarterly strategy meetings to determine the long-term positioning of the fund, weekly meetings to implement and review portfolio positions and daily meetings reviewing market data and news. This is a crucial stage in determining asset allocation, interest rate positioning and credit rating exposure. The bottom-up process starts with an investment universe of 500 issuers. The fund managers, assisted by a team of credit analysts, look at a company’s ability to pay debt, its default risk, and the track record of its management team. There is also in-depth analysis of issuer-specific factors, including Environmental Social and Governance exposure. This incorporates a sustainability matrix, which scores companies based on the quality of its management and the sustainability of its products/services. All issuers in the fund are independently screened both before purchase and every quarter. The managers believe that their focus on sustainability will help deliver superior risk-adjusted returns and help them identify issuers which will be supported by long-term growth trends and regulation. After a valuation stage the portfolio is constructed, typically holding between 50 and 100 bonds.
Past performance is not a guide to future performance. View full risk warning