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Top 10 Holdings
Stock
% Weight
BANK OF AMERICA CORP 8.125% 02/06/2028 EMTN
1.89
AVIVA PLC VAR 20/05/2058 EMTN
1.80
GOLDMAN SACHS GROUP IN 6.875% 18/01/2038
1.78
ORSTED A/S 5.75% 09/04/2040 EMTN
1.67
AXA SA VAR 04/03/2169 EMTN
1.66
HEATHROW FUNDING LTD 4.625% 31/10/2046 EMTN
1.65
M&G PLC VAR 19/12/2063 EMTN
1.65
HSBC BNK CAO FND STER 1 VAR 05/11/2168
1.47
ELECTRICITE DE FRANCE SA VAR 29/07/2169 EMTN
1.45
SP MANWEB PLC 4.875% 20/09/2027 EMTN
1.42
Total
16.45
Fund Aims
The investment objective is to provide a combination of income and capital growth over any 7 year period.
Fund Manager
Iain Bucklemanager
for
14 years
and 6 months
Iain Buckle is an investment manager in the Fixed Income team with responsibility for credit analysis, particularly securitised and structured finance assets. Iain is the co-manager of several funds with a primary focus on sterling credit mandates. His funds include the Kames Sterling Corporate Bond Fund, core pooled and segregated mandates and funds included in our ethical bond franchise. As an experienced fund manager Iain is responsible for overseeing the institutional pooled and buy-and-hold portfolios managed across the team. Iain joined us in 2000 from Baillie Gifford where he was a fixed income analyst. He studied Economics at Heriot Watt University.
Fund Overview
Mid (24/04/2024)
28.94p
Distribution yield
3.34%
Underlying yield
-
Fund size (29/02/2024)
£121.37m
Number of holdings
112
Entry Charge
0.00%
Ongoing Charges
0.41%
Launch date
22/04/2002
Asset Allocation
International Bonds
54.76%
UK Corporate Bonds
40.26%
Alternative Trading Strategies
0.04%
Cash and Equivalents
-0.25%
Other Assets
5.20%
Portfolio data accurate as at: 29/02/24
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Portfolio data accurate as at:
Asset Allocation
International Bonds
54.76%
UK Corporate Bonds
40.26%
Alternative Trading Strategies
0.04%
Cash and Equivalents
-0.25%
Other Assets
5.20%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
95.01%
-
-
-
Non-Classified
5.20%
-
-
-
Alternative Trading Strategies
0.04%
-
-
-
Alternative Trading Strategies
-
0.04%
-
-
Alternative Trading Strategies
-
-
0.04%
-
Alternative Trading Strategies
-
-
-
0.04%
Cash and Equivalents
-0.25%
-
-
-
Regional Allocation
UK
40.26%
Developed Europe - Excl UK
25.22%
North America
20.70%
Non-Classified
14.08%
Cash and Equivalents
-0.25%
Fixed Interest Currencies
Pound Sterling
92.65%
Non-Fixed Interest Assets
5.24%
US Dollar
2.36%
Cash
-0.25%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
40.26%
-
United Kingdom
-
40.26%
Developed Europe - Excl UK
25.22%
-
France
-
7.87%
Germany
-
4.05%
Netherlands
-
3.32%
Denmark
-
2.87%
Luxembourg
-
2.23%
Switzerland
-
1.38%
Ireland
-
1.06%
Italy
-
0.97%
Finland
-
0.85%
Sweden
-
0.63%
North America
20.70%
-
United States
-
20.70%
Non-Classified
14.08%
-
Cash and Equivalents
-0.25%
-
Fixed Interest Maturity Profile
< 5Yr Maturity
25.26%
5Yr - 10Yr Maturity
35.20%
10Yr - 15Yr Maturity
10.35%
> 15Yr Maturity
24.20%
Cash And Equivalents
-0.25%
Unknown Maturity
5.20%
Other Asset Types
0.04%
Fixed Interest Quality Profile
AAA
2.31%
AA
7.39%
A
24.01%
BBB
43.97%
Sub-Investment Grade
3.85%
Unknown Quality
13.49%
Cash and Equivalents
-0.25%
Other Asset Types
5.24%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
BANK OF AMERICA CORP 8.125% 02/06/2028 EMTN
1.89%
Bonds
United States
2
AVIVA PLC VAR 20/05/2058 EMTN
1.80%
Bonds
United Kingdom
3
GOLDMAN SACHS GROUP IN 6.875% 18/01/2038
1.78%
Bonds
United States
4
ORSTED A/S 5.75% 09/04/2040 EMTN
1.67%
Bonds
Denmark
5
AXA SA VAR 04/03/2169 EMTN
1.66%
Bonds
France
6
HEATHROW FUNDING LTD 4.625% 31/10/2046 EMTN
1.65%
Bonds
United States
7
M&G PLC VAR 19/12/2063 EMTN
1.65%
Bonds
United Kingdom
8
HSBC BNK CAO FND STER 1 VAR 05/11/2168
1.47%
Bonds
United Kingdom
9
ELECTRICITE DE FRANCE SA VAR 29/07/2169 EMTN
1.45%
Bonds
France
10
SP MANWEB PLC 4.875% 20/09/2027 EMTN
1.42%
Bonds
United Kingdom
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
Sedol Code
3159987
Mex Code
SEEIBI
Isin Code
GB0031599870
Citi Code
BV69
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.41%
Aims and Benchmark
Aims
The investment objective is to provide a combination of income and capital growth over any 7 year period.
Benchmark
Investment Association Sterling Corporate Bond sector
Benchmark Category
Comparator
IA Sector
£ Corporate Bond
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
OEIC
Launch price
£1.00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Quarterly
Distribution Type
Interest
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 February
31 March
01 May
30 June
01 August
30 September
01 November
31 December
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
Citibank
Fund Administrator
Citibank
Fund Registrar
Northern Trust Global Services Limited
Fund Custodian
Citibank
Group Details
Group name
Aegon Asset Management
Group address
3 Lochside Avenue
Edinburgh Park
EDINBURGH
EH12 9SA
Group telephone
0800 45 44 22
Dealing telephone
0800 169 5186
Email
info@kamescapital.com
Homepage
www.aegonam.com
Fax number
-
Dealing
Minimum Investment
£2000000
Minimum Top Up
£1000
Minimum Regular Saving
-
Settlement Period: Buy
3 days
Settlement Period: Sell
3 days
Pricing Basis
Forward
Dealing Decimals
4
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
Ratio
Value
Alpha
0.52
Beta
1.12
Sharpe
-0.01
Standard Deviation
10.00
Info Ratio
0.13
Risk Factors
Risk Factor
Yes / No
Charges to Capital
No
Emerging Markets
No
Concentrated Portfolio
No
Smaller Companies
No
High Yield Bonds
Yes
Sector Specific
No
Geared Investments
No
Value of Investments
Yes
Investments Long Term
Yes
Property
No
Exchange Rate
No
Higher Risk
No
Performance Charges
No
Derivative Exposure
Yes
Offshore
No
Income Eroding Capital Growth
No
Umbrella Liabilities
No
New Fund
No
Solvency of Depository
No
Solvency of Bond Issuers
Yes
Ethical Restrictions
No
Liquidity
No
Returns Are Not Guaranteed
Yes
Inflation
Yes
Taxation and Tax Relief
Yes
Fund Specific Risks
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.