Total returns on £1,000
Objective
The Euro Corporate Bond Fund’s investment objective is to provide an attractive rate of return, measured in Euro, primarily through investment in Euro denominated Fixed Income Securities of high quality issued by corporations and non government related issuers. Securities will be deemed to be high quality if at the time of purchase they are rated either BBB- or better by S&P or Baa3 or better by Moody’s or similarly rated by another internationally recognised rating service or determined to be of similar creditworthiness by the Investment Adviser. The Fund may continue to hold investments in such securities that are downgraded after purchase. In addition, the Fund may, on an ancillary basis, invest in securities which at the time of purchase are rated either lower than “BBB-” by S&P or “Baa3” by Moody’s or similarly by another internationally recognised rating service or determined to be of similar creditworthiness by the Investment Adviser.
Profile
| Fund type | SICAV |
|---|---|
| Investment style (bonds) | Credit Quality: Low Interest-Rate Sensitivity: Mod |
| Income treatment | Income |
| Morningstar category | EUR Corporate Bond |
| IMA sector | |
| Launch date | 15/09/2010 |
| Price currency | EUR |
| Domicile | Luxembourg |
| ISIN | LU0518377386 |
| Manager & start date | Richard Ford 30/10/2008 Leon Grenyer 30/06/2002 |
Investment
| Pricing frequency | Daily |
|---|---|
| Fund size | 1.47bn GBPAs of Apr 30 2013 |
| Share class size | 21.51m GBPAs of Apr 30 2013 |
| Net expense ratio | 2.09% |
| Initial charge | -- |
| Annual charge | 0.80% |
| Exit charge | 2.00% |
| Min. initial investment | 0.00 GBP |
| Min. additional investment | -- |
| Min. regular investment | -- |
| UK ISA | -- |
| Available for sale | Belgium, Finland, France, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Switzerland, United Kingdom |
Diversification
Asset type
Bond | 92.00% |
|---|---|
Cash | 6.21% |
Other | 1.79% |
UK stock | 0.00% |
Non-UK stock | 0.00% |
Top 5 sectors
Corporate Bond | 71.98% |
|---|---|
Cash & Equivalents | 6.21% |
Asset-Backed | 0.84% |
Convertible | 0.60% |
Preferred | 0.48% |
Top 5 Regions
Regional weighting data is unavailable.
Top 5 holdings
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Societe Generale Mtn 144a 144A 5.2% | -- | 1.39% | |
| Intesa Sanpaolo S P A 144A 6.5% | -- | 1.26% | |
| Enel Fin Intl S A 144A 5.125% | -- | 1.25% | |
| Bk Of Amer 7% | -- | 1.17% | |
| Rabobank Nederland 6.875% | -- | 1.04% |