The fund’s objective is to achieve a higher yield than that available from a traditional Corporate Bond Fund. It also invests in a wide range of investments which, while riskier, are carefully chosen to control the risk. We actively manage this Fund to produce a higher level of income, which we pay out every month. There is a higher risk to your capital as up to 70% of the Fund’s investments are in no investment- grade bonds (which carry a higher risk of default).
However, we manage the overall risk of the Fund by focusing the remainder, around 30%, of the investments on investment-grade bonds (lower risk). The Fund tends to invest in bonds with shorter maturity dates. The Fund invests in a significant number of corporate bonds which are not in pounds sterling.
Key stats
|
Management firm |
Ignis Asset Management Limited |
|
Domicile |
United Kingdom |
|
Global Branding Name |
Ignis |
|
12 month yield |
6.34% |
|
Fund currency |
GBP |
|
Net Assets Date |
2013-04-30 |
|
Net Assets |
£34,159,541 |
|
Launch Date |
2011-08-26 |
|
ISIN |
GB00B3VRTN66 |
|
SEDOL |
B3VRTN6 |
|
Manager 1 Name |
Kenny Watson |
|
Fund Strategy |
GBP High Yield Bond |
|
IMA Sector |
£ High Yield |
|
Benchmark |
Merrill Lynch High Yield Master Index |
|
Fund Structure |
Unit Trust |
|
UCITS 3 compliant |
yes |
Performance/Volatility
|
Return Date |
2013-04-30 |
|
Return - 1 Month |
3.57% |
|
Return - 2 Months |
4.49 % |
|
Return - 3 Months |
4.93% |
|
Return - 6 Months |
9.81 % |
|
Return - 9 months |
16.30 % |
|
Return - 12 Months |
19.26% |
|
Annualized return 24 months |
0.00 % |
|
Annualized return 36 months |
0.00 % |
|
Annualized return 48 months |
0.00 % |
|
Annualized return 60 months |
0.00 % |
|
Return 120 months |
0.00 % |
|
Annualized return since Inception |
16.70% |
|
Return YTD |
5.60% |
Charges
|
Initial |
4.25 % |
|
Minimum Investment |
£3,000,000 |
|
Maximum Managment Charge |
0.60 % |
|
Exit charge |
0.00 % |
|
Performance Fee |
0.00 % |
Price
|
Last Price Date |
2013-05-13 |
|
Pre-tax nav |
0.00 |
|
Pre-tax offer |
1.32 |
|
Pre-tax bid |
1.27 |
|
Pre-tax mid |
0.00 |
|
Post-tax nav |
0.00 |
|
Post-tax offer |
0.00 |
|
Post-tax bid |
0.00 |
|
Price change |
£-0.00 |
|
Price change (percentage) |
-0.05 % |
|
Guaranteed NAV |
0.00000 |
|
Close Price |
0.00 |
Funds Disclaimer
© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
Ratings Disclaimer
© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
