Investment Objective
The Fund is actively managed and may invest at least 80% in investment grade and sub-investment grade bonds (corporate and government) that are listed or traded in an OECD country. These are bonds with a credit rating from a nationally recognised statistical rating organisation (NRSRO) or non-rated bonds that are deemed equivalent by the Manager. The Fund will have a net exposure of at least80% to Sterling. The Fund may also use a variety of derivative transactions for both investment purposes and Efficient Portfolio Management. Where considered in the interests of investors, derivatives may be used to synthetically alter the characteristic of the bonds, such as to protect against credit and duration risk.
Reference Index
IMA Sterling Strategic Bond
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.9 | 0.4 | 0.8 | 0.4 | 0.6 | 0.9 | 0.4 | 0.6 | 0.9 | 0.2 | 0.8 | 0.4 | 1.0 | |
| 2022 | 0.1 | 0.9 | 0.4 | 0.9 | 0.3 | 0.0 | 0.1 | 0.5 | 0.4 | 0.6 | 0.2 | 0.6 | 0.9 |
