Please ensure Javascript is enabled for purposes of website accessibility Sterling Bond Unit Trust - Janus Henderson Investors
For financial professionals in the UK

Sterling Bond Unit Trust

ISIN
GB00B6XY7V09

NAV
GBP 97.20p
As of 06/12/2024

1-Day Change
GBP -0.10p (-0.10%)
As of 06/12/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a sustainable level of income (via a consistent level of distribution) with the potential for capital growth over the long term. Performance target: To outperform the Markit iBoxx GBP Non-Gilts all maturities Index by 1.25% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in Sterling-denominated bonds of investment grade, issued by governments, companies or any other type of issuer. The Fund may also hold other assets including bonds of other types from any issuer, cash and money market instruments. The Investment Adviser 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 Markit iBoxx GBP Non-Gilts all maturities 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 Adviser has discretion to choose investments for the Fund with weightings different to the index or not in the index. As an additional means of assessing the performance of the Fund, the IA Sterling Corporate Bond sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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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 a Marketing Communication and does not qualify as an investment recommendation.

Portfolio Management

James Briggs, ACA, CFA

Portfolio Manager

Industry since 1998. Joined Firm in 2005.

Tim Winstone, CFA

Head of Investment Grade Credit | Portfolio Manager

Industry since 2003. Joined Firm in 2015.

Performance

Past performance does not predict future returns. 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 30/09/2024
I Inc (Net) Markit iBoxx GBP Non-Gilts all maturities IA £ Corporate Bond
 
As of 30/09/2024 2023/2024 2022/2023 2021/2022 2020/2021 2019/2020
I Inc (Net) 10.40 4.53 -21.88 -0.55 4.96
Markit iBoxx GBP Non-Gilts all maturities 9.72 6.96 -21.92 -0.41 3.82
IA £ Corporate Bond 11.07 7.10 -20.78 1.24 4.33

Index Description

The Markit iBoxx Non-Gilts all maturities Index is a measure of the combined performance of investment grade corporate bonds issued in pounds sterling. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Cumulative & Annualised Performance (%)
As of 31/10/2024
I Inc (Net) Markit iBoxx GBP Non-Gilts all maturities IA £ Corporate Bond
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
16/04/1991
I Inc (Net) -1.29 0.97 8.87 -3.84 -1.38 1.78 5.74
Markit iBoxx GBP Non-Gilts all maturities -1.23 0.95 8.39 -3.41 -1.24 1.99 -
IA £ Corporate Bond -0.99 2.00 9.90 -2.30 -0.25 2.16 4.93
 
  Annualised
3YR 5YR 10YR Since Inception
16/04/1991
I Inc (Gross) - -0.72 2.47 6.47
Markit iBoxx GBP Non-Gilts all maturities + 1.25% - -0.01 3.27 -

Index Description

The Markit iBoxx Non-Gilts all maturities Index is a measure of the combined performance of investment grade corporate bonds issued in pounds sterling. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
As of 30/09/2024
I Inc (Net) Markit iBoxx GBP Non-Gilts all maturities IA £ Corporate Bond
2023 2022 2021 2020 2019
I Inc (Net) 7.77 -18.37 -3.49 8.93 9.87
Markit iBoxx GBP Non-Gilts all maturities 8.60 -17.72 -3.09 7.80 9.27
IA £ Corporate Bond 9.26 -16.36 -1.94 7.87 9.52

Index Description

The Markit iBoxx Non-Gilts all maturities Index is a measure of the combined performance of investment grade corporate bonds issued in pounds sterling. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year I Inc (Net) Index
2023 7.77 8.60
2022 -18.37 -17.72
2021 -3.49 -3.09
2020 8.93 7.80
2019 9.87 9.27
2018 -2.33 -1.53
2017 5.52 4.33
2016 10.26 10.66
2015 -1.13 0.49
2014 11.08 12.20
2013 1.12 0.87
2012 11.82 13.04
2011 8.06 6.92
2010 13.34 8.38
2009 26.40 10.78
2008 -29.46 -4.06
2007 -0.41 1.79
2006 1.11 0.75
2005 5.96 9.00
2004 6.96 6.68
2003 7.22 5.67
2002 8.37 9.50
2001 4.33 6.85
2000 7.15 10.22
1999 -0.06 -0.16
1998 19.57 14.81
1997 22.34 -
1996 12.21 -
1995 5.74 -
1994 -2.57 -
1993 18.45 -
1992 19.01 -

Recommended holding period 5 Years

Example Investment: GBP 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs6,090 GBP5,990 GBP
Average return each year-39.15%-9.74%
UnfavourableWhat you might get back after costs7,810 GBP8,350 GBP
Average return each year-21.88%-3.55%
ModerateWhat you might get back after costs10,220 GBP11,690 GBP
Average return each year2.21%3.17%
FavourableWhat you might get back after costs11,480 GBP13,600 GBP
Average return each year14.84%6.34%
Fee Information
Initial Charge 0.00%
Annual Charge 0.45%
Ongoing Charge
(As of 15/04/2024)
0.58%

Portfolio

Top Holdings (As of 31/10/2024)
% of Fund
Morgan Stanley 5.213% 2035 1.87
Kreditanstalt fuer Wiederaufbau 5.50% 2025 1.78
International Finance 4.125% 2025 1.57
European Investment Bank 3.75% 2027 1.56
Athene Global Funding 5.15% 2027 1.36
Church Commissioners for England 3.25% 2032 1.33
Nestle Capital 4.75% 2036 1.25
Land Securities Capital Markets 4.625% 2034 1.23
HSBC Bank Capital Funding Sterling 1 5.844% 2173 1.18
Prs Finance 1.50% 2034 1.12

Documents

  • ​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 does not predict future returns.
  • 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 (or are expected to rise). This risk is typically 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 to help achieve its investment objective. This can result in leverage (higher levels of debt), which can magnify an investment outcome. Gains or losses to the Fund may therefore be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • 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.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Some documents are available in alternative formats. Click here for information on how to request them.
  • 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.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • The Legal Entity Identifier for this product is 213800RRDSTTKB1AWB43.