Merian Global Strategic Bond A

Targets income and capital appreciation by investing in fixed and variable rate bonds.

  • 204.20p
    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.

  • 343.80p
    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?

  • 3.50% 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!

  • 1.15%
    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).

  • 1.15%
    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.

  • 1.50%
    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 13 December 2019, fund data last updated 21 August 2003

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched November, 1991
Size £129m
Yield 1.50%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 3.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.15%
Ongoing charges figure 1.15%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The fund's objective is to produce an attractive level of income together with capital appreciation by investing in a diversified international portfolio of fixed and variable rate bond investments, including convertible securities. The fund will vary the currencies in which it invests to enable it to achieve its objective.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.65%
  • 17/18 -0.27%
  • 18/19 -0.26%

Bestinvest MRI

  • 3 years 0.04%
  • 5 years 0.00%
  • Career -0.01%
  • 3 years 58.70%
  • 5 years 0.00%
  • Career 54.00%

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

Mark Nash / Nicholas Wall

Track record

Mark Nash / Nicholas Wall has 3.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from January 2018 - August 2019) there was a decline of 12% relative to the index. The worst absolute loss has been 4%.

Periods of worst performance

Absolute -4.00% (December 2017 - October 2018)
Relative -12.00% (January 2018 - August 2019)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 August 2019

9.4% Gov. Of Usa 0.75% 15-Jul-2028
6.7% Gov. Of France 0.0% 25-Feb-2020
5.2% Greece(Republic Of) 3.45% Bds 02/04/24 Eur1000
4.9% Gov. Of Spain 1.4% 31-Jan-2020
4.7% Gov. Of Japan 0.1% 10-Mar-2026
4.2% United States Of Amer Treas Bills 0.875% Tb 15/01/29 Usd100
3.5% Gov. Of Italy 3.0% 01-Aug-2029
3.5% Gov. Of Italy 0.05% 15-Apr-2021
2.8% France(Govt Of) 1.85% Bds 25/07/27 Eur1
2.7% Gov. Of Canada 2.25% 01-Jun-2029
Source: Trustnet

Sector breakdown

Government Bonds 72.00%
Others 12.00%
Investment Grade Corporate Bonds 12.00%
High Yield Bond 2.00%
Corporate Bonds 1.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download