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.
Overview
| Asset class | Fixed Income |
| Product Structure | Unit Trust |
| Inception Date | Apr 22, 1988 |
| Base Currency | GBP |
| Index | Markit iBoxx GBP Non-Gilts all maturities Index |
| Index Usage | Target, Comparator |
| Peer Group Benchmark | IA Sterling Corporate Bond |
| Peer Group Benchmark Usage | Comparator |
| Year End | 15-Apr |
| Valuation Point | 12:00 |
| Pricing Basis | Single Priced |
Portfolio Management
Head of Investment Grade Credit | Portfolio Manager
Industry since 2003. Joined Firm in 2015.
Performance
Portfolio
Top Holdings
(As of 28/02/2026)
| % of Fund | |
| United Kingdom Gilt 4.75% 2043 | 2.49 |
| Landwirtschaftliche Rentenbank 4.00% 2031 | 2.06 |
| Inter-American Development Bank 4.00% 2031 | 1.99 |
| SW Finance I 5.75% 2030 | 1.69 |
| Athene Global Funding 5.858% 2035 | 1.55 |
| Anglian Water Osprey Financing 6.75% 2031 | 1.41 |
| Church Commissioners for England 5.125% 2035 | 1.36 |
| DWR Cymru Financing UK 6.25% 2037 | 1.35 |
| New York Life Global Funding 4.75% 2032 | 1.35 |
| ABN AMRO Bank 4.625% 2030 | 1.33 |
| TOTAL | 16.58 |
Documents
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