The Fund aims to provide a return from a combination of income and some capital growth over the long term.
Performance target: To outperform SONIA by 1.5% per annum, before the deduction of charges, over any 5 year period.
The Fund invests at least 70% of its assets in Asset-Backed Securities (ABS).The Fund also holds a minimum of 80% of its assets in investment grade securities (rated BBB- or higher by at least one independent credit rating agency) and maintains at least 60% of its investments in European assets.
The Fund may also hold other assets including other types of bonds and floating rate notes of any quality, from any issuer, certificates of deposit, bank term deposits and other money market investments (including cash funds), covered bonds, US agency mortgage-backed securities (that will not be deemed to form part of the minimum70%ABSinvestment), Real Estate Investment Trusts (REITs) and other secured finance investments.
The investment manager may use derivatives (complex financial instruments), including total return swaps, with the aim of making investment gains in line with the Fund’s objective, to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to SONIA, as this forms the basis of the Fund’s performance target. The investment manager has complete discretion to choose investments for the Fund and is not constrained by a benchmark.
The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.
ABOUT THIS FUND
- Strong bottom-up fundamental analysis aiming to identify opportunities offering secure income and downside resilience over cycles
- Invests for the long-term while actively monitoring for early signs of potential adverse performance trends
- The investment team’s broad experience in investing, originating, structuring and rating structured debt spans across multiple sectors and the entire ratings spectrum