Sterling Bond Unit Trust

ISIN
GB0007017907

NAV
GBP 237.20p
As of 19/11/2019

1 Day Change
GBP 0.00p (0.00%)
As of 19/11/2019

Morningstar Rating

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

To achieve a high and stable level of income. The fund will invest principally in sterling-denominated fixed interest securities including preference shares, concentrating on investment grade corporate bonds.

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

James Briggs, ACA, CFA

Portfolio Manager

Industry since 1997. Joined Firm in 2005.

Philip Payne, CFA

Portfolio Manager

Industry since 2000. Joined Firm in 2001.

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
Acc Markit iBoxx GBP Non-Gilts all maturities Index IA Sterling Corporate Bond
 
Quarter End
As of 30/09/2019
Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016 Sep-2014 - Sep-2015
9.50% -0.35% -0.02% 13.70% 1.59%
Markit iBoxx GBP Non-Gilts all maturities Index 10.15% 0.17% -0.19% 14.00% 4.47%
IA Sterling Corporate Bond 9.01% 0.13% 0.53% 12.23% 2.68%

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 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 Performance
Acc Markit iBoxx GBP Non-Gilts all maturities Index IA Sterling Corporate Bond
 
As of October 31, 2019 1MO 3MO YTD 1YR 3YR 5YR 10YR
Acc -0.50% 0.89% 9.59% 8.56% 12.64% 24.50% 84.73%
Markit iBoxx GBP Non-Gilts all maturities Index -0.38% 1.21% 9.60% 9.19% 13.39% 29.66% 85.45%
IA Sterling Corporate Bond -0.19% 1.32% 9.38% 8.55% 13.08% 25.37% 72.06%

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 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.

FEE INFORMATION
Initial Charge 4.25%
Annual Charge 1.10%
Ongoing Charge
(As of April 15, 2019)
1.26%

Portfolio

(As of 31/10/2019)
% OF FUND
United Kingdom Gilt 1.50% 2047 2.28
United Kingdom Gilt 4.50% 2042 1.43
Walmart 5.75% 2030 1.42
Heathrow Funding 6.75% 2026 1.29
United Kingdom Gilt 1.75% 2037 1.21
Aviva 6.125% 2168 1.07
Wells Fargo Bank NA 5.25% 2023 1.07
Bank of America 2.30% 2025 1.06
Logicor 2019-1 UK 1.875% 2026 1.02
HSBC Bank Capital Funding Sterling 1 5.844% 2168 0.94

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 is not a guide to future performance.
  • ​You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
  • ​If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • If the Fund or a specific share class of the Fund seeks to reduce risks (such as exchange rate movements), the measures designed to do so may be ineffective, unavailable or detrimental.
  • This fund is designed to be used only as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this fund.
  • 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 towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may 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.
  • 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.
  • 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. View the portfolio transaction costs across the Henderson UK Fund range.
  • 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, you may wish to consult a financial adviser.

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