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Skandia Kames Inflation Linked

FE Crown Rating

Fund Objective

The Skandia Kames Inflation Linked Fund invests solely in the Kames Inflation Linked Fund, a sub-fund of Kames Capital ICVC, a UK Authorised Open-Ended Investment Company, managed by Kames Capital Plc. The aim of the underlying fund is to maximise total return and outperform the FTSE Index Linked Gilts, over 5 years (total return) index (for which underlying securities are linked to UK price inflation), by investing principally in fixed income assets, equities and derivatives (including commodity indices) denominated in any currency. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the Skandia fund will not match that of the underlying investment due to Skandia fund charges, appropriate taxation adjustments and the Skandia investment process.

Fund Manager

Scott Jamieson

Fund Manager




Primary Asset Class

Fund Size

GBX 0.12m as at 31-Jul-2014

Unit Name

Skandia Kames Inflation Linked





Initial Charge


Unit Currency




Annual Charge



GBX 98.10


GBX 103.20

Change (Offer)

0.50 (0.51%)

Unit LaunchDate


Performance Overview

Performance Charts

Cumulative Performance

  YTD 3m 6m 1y 3y 5y
Fund 5.14 1.98 2.94 6.28 - -
Sector 3.28 2.73 2.50 6.20 23.31 32.41

Discrete Performance (%)

  2013 2012 2011 2010 2009
Fund -2.00 - - - -
Sector 10.14 6.76 -5.30 8.11 18.93

Asset Allocation

breakdown chart
  Asset Class % of Fund
UK Index-Linked 16.47
Leasing & Global Equity Income 16.39
Index Linked Corporate Bonds, Non UK Index Linked 11.39
US Government Fixed Interest 11.01
Japanese Equities 10.16
Eurozone Normalisation 8.64
Commodity Stocks & Renewables 7.31
Others 6.99
Emerging Market Bonds 6.29
UK Equities 5.70
Infrastructure 5.14
European Emerging Equities 4.16
Loan and Distressed Debt 1.31
Preference Shares 0.97
Nominal Corporate Bond 0.41
Money Market 0.08
Japanese Fixed Interest -16.92

Regional Breakdown

No breakdown data available.

Sector Breakdown

breakdown chart
  Sector % of Fund
Equities 47.40
Government Index Linked 36.16
Corporate Bond 9.18
Money Market 8.27
Infrastructure 7.87
Index Linked Corporate Bonds 2.54
Corporate Bonds 0.44
Government Bonds -11.86

All prices in Pence Sterling (GBX) unless otherwise specified. Price performance figures are calculated on a bid price to bid price basis with net income (dividends) reinvested. Performance figures are shown in Sterling.

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