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Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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Contact details

One Coleman Street, London, EC2R 5AA
0845 070 8684 (Broker Line)
0370 050 0955 (Customer Support)
0207 528 6838 (Fax Number)

Fund managers

* Mark Benstead01-Jul-2014 to Present
Robert Barnard-Smith»22-Apr-2014 to 30-Jun-2014
Richard Hodges»01-Feb-2014 to 21-Apr-2014
Michel Canoy»01-Mar-2011 to 31-Jan-2014
Richard Hodges»01-Jan-2009 to 28-Feb-2011
Malcolm White»01-Jan-2005 to 31-Dec-2008
Stuart Steven»01-Jun-2000 to 31-Dec-2004

Investment objectives

The objective of this fund is to provide a high income and some growth. The fund will invest in bonds (a type of loan which pays interest). These bonds will have a pre-set rate of income (either set at a fixed level or varying in a pre-determined way).The bonds that the fund invests in will be almost entirely investment grade (rated as lower risk). Investment grade bonds are bonds that have achieved a minimum credit rating by a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time. The bonds that the fund invests in will be issued by companies or governments anywhere in the world. The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes: To manage the effect of fluctuations in interest rates, to manage the effect of fluctuations in exchange rates with Sterling, to help with efficient day to day management, to reduce some of the risks of the market. The fund may also invest in cash or deposits

Key Information

Fund vs sector

  1y 3y
Position 51 / 104 46 / 92
Quartile 2 2

Fund ratings

FE Crown Rating: 2 FE Crown Rating


  1y 3y
Volatility 4.54 5.35
Alpha -1.73 -0.64
Beta 1.29 1.17
Sharpe 1.06 0.73
Info Ratio 0.43 0.39
R2 1.00 0.97
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Corporate Bond»
performance chart
INC +7.2+22.4+40.5+2.3+11.6+2.7+11.8
  STERLING CORPORATE BOND   +7.1+21.0+36.9+2.1+10.7+2.0+10.9
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf L&G FIXED INTEREST F ACC ACC 119.20 (p) 120.00 (p) 19-Sep-2014 4.10 0.57% G5XO B8B4BJ2
pdf L&G FIXED INTEREST F INC INC 66.85 (p) 67.35 (p) 19-Sep-2014 4.10 0.57% G5XP B7HHRS9
pdf L&G FIXED INTEREST I ACC ACC 121.70 (p) 122.60 (p) 19-Sep-2014 4.40 0.33% LT88 B0CNHD8
pdf L&G FIXED INTEREST I INC INC 66.18 (p) 66.68 (p) 19-Sep-2014 4.40 0.33% LT89 B0CNHC7
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf L&G FIXED INTEREST R ACC ACC 117.20 (p) 118.00 (p) 19-Sep-2014 3.70 0.92% LE05 0205151
pdf L&G FIXED INTEREST R INC INC 66.16 (p) 66.66 (p) 19-Sep-2014 3.80 0.92% LE85 0512851
pdf L&G FIXED INTEREST A ACC ACC 117.20 (p) 121.50 (p) 19-Sep-2014 3.70 0.92% LT50 B0CNHG1
pdf L&G FIXED INTEREST A INC INC 66.16 (p) 68.66 (p) 19-Sep-2014 3.80 0.92% LT51 B0CNHF0

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,369.1m / $2,232.7m (31-Jul-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch06-Sep-2005
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 500
Minimum additional£ 100
Initial charge3.00%
Annual management charge0.75%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarLegal & General (Portfolio Management Services)Lim
Dividend policyMar 05, Jun 05, Sep 05 (Final), Dec 05
Peer groups
Region Asset Class Investment Focus Sector
Global Fixed Interest Mixed Sterling Corporate Bond
Largest holdings, 31-Jul-2014
Holding (%) Rank Fund factsheet Equity factsheet
BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP50000 1.65 1 - -
PRUDENTIAL PLC 11.375% 29/05/2039 1.54 2 - -
TREASURY 4.25% GILT 07/03/36 GBP0.01 1.25 3 - *
E.ON INTERNATIONAL FINANCE 6% SNR EMTN 30/10/19 GBP50000 1.24 4 - -
HSBC HLDGS 6.50% NTS 20/05/24 GBP50000 `15` 1.21 5 - -
LAND SECURITIES FINANCE 4.875% 07/11/2019 1.16 6 - -
EDF 6.125% NTS 02/06/34 GBP50000 1.03 8 - -
GENERAL ELECTRIC CO (GBP 8.000, 14-JAN-2039 ) 1.03 9 - -
NATIONWIDE BUILDING SOCIETY 5.625% NTS 09/09/19 GBP50000 0.95 10 - -
Regional weightings, 31-Jul-2014
UK55.441 55.44% UK
Developed Europe - excl UK25.242 25.24% Developed Europe - excl UK
North America12.203 12.20% North America
Australia and New Zealand2.884 2.88% Australia and New Zealand
Unclassified - Other1.725 1.72% Unclassified - Other
Central & S America0.896 0.89% Central & S America
Cash and Equivalents0.777 0.77% Cash and Equivalents
Middle East/ Africa0.578 0.57% Middle East/ Africa
Developed Asia0.299 0.29% Developed Asia
Sector weightings, 30-Jun-2014
Investment grade corporate bonds86.911 86.91% Investment grade corporate bonds
High yield corporate bond5.452 5.45% High yield corporate bond
Bonds3.113 3.11% Bonds
Government2.894 2.89% Government
Cash & Cash Equivalents1.285 1.28% Cash & Cash Equivalents
Non-classified0.366 0.36% Non-classified

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

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fred quimby Dec 31st, 2009 at 09:08 AM

Why is there no ex-dividend date shoen for December?


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Asset allocation

UK Corporate Fixed Interest, 52.03%
52.0300% ofUK Corporate Fixed Interest
Global Fixed Interest, 43.84%
43.8400% ofGlobal Fixed Interest
UK Gilts, 3.41%
3.4100% ofUK Gilts
Cash & Cash Equivalents, 0.77%
0.7700% ofCash & Cash Equivalents
Other International Fixed Interest, -0.05%
-0.0500% ofOther International Fixed Interest

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