Merian Strategic Absolute Return Bond Fund F2 Hgd GBP

  • 98.50p
    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.

  • 113.09p
    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!

  • 0.50%
    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).

  • 0.77%
    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.

  • 0.90%
    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 29 May 2020

Fund summary

Sector Targeted Absolute Return
Structure OFFSHORE FUND
Launched December, 2009
Size £108m
Yield 0.90%
Charging basis
Dividends paid Mar, Jun, Sep, Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 0.77%

Allocation

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Investment process

The investment process is strongly research focused and aims to identify key themes affecting bonds and currencies. Research topics cover both long term and short term influences and are monitored on an ongoing basis using a series of key indicators, creating a consistent framework for discussing the global bond and currency environment.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -1.59%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

John Peta / Christine Johnson

Peta joined Old Mutual in March 2015. Previously he was at Threadneedle Investments and co-managed Threadneedle’s Emerging Market Debt team along with Henry Stipp. Before joining Threadneedle, Peta was head of emerging market debt at Boston-based Acadian Asset Management, having joined the firm in 2007. He has over 20 years experience in fixed income and sovereign analysis, and has extensive expertise in EM local currency debt covering over 30 countries including frontier markets. He graduated in 1981 from South Dakota State University with a degree in Civil Engineering and has an MBA (Hons) from the University of Washington in 1986. He is also a CFA Charterholder. Johnson joined Old Mutual in September 2010 from Halbis Capital Management (formerly HSBC Asset Management), where she was a senior fixed income fund manager. She moved to Halbis from Investec Asset Management , which she joined as a high yield credit analyst, becoming a high yield fixed income fund manager a year later. She began her asset management career as a credit analyst at Royal & Sun Alliance Investment Management, having previously been a relationship manager at NatWest Bank. Johnson has a BA in Economics from Manchester University.

Track record

The track record of John Peta / Christine Johnson in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -7.00% (May 2015 - December 2015)
Relative -23.00% (June 2015 - June 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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Key Investor Information - Income

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Key Investor Information - Accumulation

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