VT Garraway Diversified Fixed Interest R

Predominantly invested in UK bonds. High annual charges.

  • 59.88p
    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.

  • 154.33p
    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!

  • 1.50%
    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).

  • 2.17%
    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.

  • 6.60%
    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 02 December 2020

Fund summary

Sector £ Strategic Bond
Structure OEIC
Launched March, 2014
Size £7m
Yield 6.60%
Charging basis Capital
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 2.17%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.64%
  • 16/17 -0.38%
  • 17/18 -0.18%
  • 18/19 -0.67%
  • 19/20 -2.02%

Bestinvest MRI

  • 3 years -0.96%
  • 5 years -0.78%
  • Career -0.30%
  • 3 years 9.30%
  • 5 years 5.50%
  • Career 11.90%

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

Richard Stanley

Track record

Richard Stanley has 18.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.3%. During the worst period of relative performance (from March 2009 - April 2020) there was a decline of 53% relative to the index. The worst absolute loss has been 27%.

Periods of worst performance

Absolute -27.00% (August 2017 - April 2020)
Relative -53.00% (March 2009 - April 2020)

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 28 August 2020

18.6143% Man Glg High Yield Opportunities Professional D
13.7668% Artemis High Income I Inc
12.9304% Semper Total Return I Gbp
9.6676% Twentyfour Select Monthly Income Fund Limited Ord 1p
8.6606% Vpc Specialty Lending Investments Plc Ord Gbp 0.01
6.8012% Schroder High Yield Opportunities Z Inc
5.0378% Volta Finance Ltd
4.2058% Tabula Icav Tabula Eur Perf Credit Etf Class G Eur
4.1598% Chenavari Chenavari Toro Income Limited
3.7876% Kkv Secured Loan Ord Npv
Source: Trustnet

Sector breakdown

International Fixed Interest 36.00%
Fixed Interest 25.00%
Fixed Interest 14.00%
Cash & Cash Equivalents 8.00%
Financials 5.00%
European Fixed Interest 4.00%
Consumer Credit & Leasing 4.00%
Global Emerging Market Fixed Interest 3.00%
Futures 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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