Global Investment Grade Bond Fund

ISIN
IE00B3ZM0R87

NAV
EUR 11.90
As of 22/09/20

1-Day Change
EUR -0.01 (-0.08%)
As of 22/09/20


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of income and capital growth over the long term.
Performance target: To outperform the Bloomberg Barclays Global Aggregate Corporate Bond Hedged USD Index by 1.25% per annum, before the deduction of charges, over any 5 year period.

More

The Fund invests at least 80% of its assets in a global portfolio of investment grade (equivalent to BBB rated or higher) corporate bonds, issued by companies and issuers.
The Fund may also hold other assets including bonds (including convertible bonds), preference shares, cash and money market instruments.
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 the Bloomberg Barclays Global Aggregate Corporate Bond Hedged USD Index, which is broadly representative of the bonds in which it may invest, as this forms the basis of the Fund’s performance target. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

Less

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.

PORTFOLIO MANAGEMENT

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/20
A2 HEUR Bloomberg Barclays Global Agg Corp Bond Hedged USD
  
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
6.40% 3.02% -3.46% -0.45% 1.66%
Bloomberg Barclays Global Agg Corp Bond Hedged USD 4.80% 6.29% -1.79% 1.00% 6.10%
 
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
8.54% 5.07% -1.53% 1.54% 3.69%
Bloomberg Barclays Global Agg Corp Bond Hgd EUR + 1.25% 6.12% 7.61% -0.57% 2.26% 7.43%
Cumulative & Annualised Performance (%)
As of 31/08/20
A2 HEUR (Net) Bloomberg Barclays Global Agg Corp Bond Hedged USD
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
29/10/10
A2 HEUR (Net) -0.75% 6.65% 5.61% 1.96% 1.85% - 1.75%
Bloomberg Barclays Global Agg Corp Bond Hedged USD -0.81% 4.26% 3.60% 3.18% 3.53% - 3.88%
 
  Annualised
3YR 5YR 10YR Since Inception
29/10/10
A2 HEUR (Gross) - 3.89% - 3.78%
Bloomberg Barclays Global Agg Corp Bond Hgd EUR + 1.25% - 4.82% - 5.17%
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 0.55%
Ongoing Charge
(As of 30/06/20)
1.78%

Portfolio

Top Holdings (As of 31/08/20)
% OF FUND
Bundesobligation, 0.00%, 10/10/25 3.45
United Kingdom Gilt, 0.62%, 06/07/25 1.93
JPMorgan Chase & Co, 2.96%, 05/13/31 1.06
SVB Financial Group, 3.12%, 06/05/30 0.93
Nationwide Building Society, 0.25%, 07/22/25 0.80
Molina Healthcare Inc, 4.38%, 06/15/28 0.80
Black Hills Corp, 2.50%, 06/15/30 0.77
State Street Corp, 3.03%, 11/01/34 0.74
JPMorgan Chase & Co, 2.08%, 04/22/26 0.74
GLP Capital LP / GLP Financing II Inc, 4.00%, 01/15/31 0.73
Total 11.95

Documents

Document View
  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall.
  • When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise. This risk is generally greater the longer the maturity of a bond investment.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Some or all of the Annual Management Charge and other costs of the Fund may be taken from capital, which may erode capital or reduce potential for capital growth.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
TOP