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Contact details

Kames Capital, Ingrave Road, Brentwood, CM15 8TG
0800 45 44 22 (Dealing & Administration)

Fund managers

* David Roberts22-Mar-2004 to Present
* Philip Milburn»01-Nov-2009 to Present
Philip Milburn»16-Dec-2003 to 29-Feb-2004

Investment objectives

The primary investment objective is to maximise total return (income plus capital ) by investing in global debt instruments,denominated in any currency, ranging from AAA Government Bonds through to high yield and emerging market corporate bonds. At least 50% of the fund will be invested in sterling and other currency denominated bonds hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.

Key Information

Fund vs sector

  1y 3y
Position 60 / 71 39 / 61
Quartile 4 3

Fund ratings

SilverMstar OBSR
FE Crown Rating: 2 FE Crown Rating


  1y 3y
Volatility 1.89 3.52
Alpha -0.35 0.61
Beta 0.63 0.93
Sharpe 0.06 1.22
Info Ratio -1.73 0.06
R2 0.56 0.79
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Strategic Bond»
performance chart
ACC +2.9+22.7+31.2+4.0+14.6-0.5+7.4
  STERLING STRATEGIC BOND   +6.1+23.5+37.4+3.4+12.6+4.0+7.0
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf KAMES STRATEGIC BOND B ACC ACC 112.04 (p) 19-Dec-2014 3.46 0.80% GMTO B3ZLQW2
pdf KAMES STRATEGIC BOND D ACC ACC 108.09 (p) 19-Dec-2014 3.21 1.05% I01V B84JPL4
pdf KAMES STRATEGIC BOND D INC INC 104.14 (p) 19-Dec-2014 3.21 1.05% I01W B7QNBK8
pdf KAMES STRATEGIC BOND B INC INC 119.48 (p) 19-Dec-2014 3.46 0.80% ZO86 B00MY36
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf KAMES STRATEGIC BOND A ACC ACC 179.18 (p) 19-Dec-2014 2.96 1.30% ZU49 3398854
pdf KAMES STRATEGIC BOND A INC INC 120.70 (p) 19-Dec-2014 2.96 1.30% ZU50 3398843

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 Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£715.2m / $1,116.8m (28-Nov-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch16-Dec-2003
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 500
Minimum additional£ 100
Initial charge1.50%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarBank of New York Mellon (International) Limited
Dividend policyFeb 01, May 01, Aug 01 (Final), Nov 01
Peer groups
Region Asset Class Investment Focus Sector
Global Fixed Interest Mixed Sterling Strategic Bond
Largest holdings, 28-Nov-2014
Holding (%) Rank Fund factsheet Equity factsheet
US TSY 0.125% 15/04/2019 2.80 1 - -
MEX BONOS DESARR 10% 05/12/2024 2.64 2 - -
CANADA(GOVT OF) 3.5% BDS 01/12/45 CAD1000 1.75 3 - -
NEW RED FINANCE (BURGER KING) 6% 01/04/2022 1.45 4 - -
LBG CAP PLC 6.385% 12/05/2020 1.24 5 - -
ERSTE GRP BNK 5.5% 26/05/2025 1.10 6 - -
ELEC DE FRANCE 4.875% 22/01/2044 1.10 7 - -
STAND LIFE PLC 6.75% 29/07/2049 1.09 8 - -
Regional weightings, 28-Nov-2014
Not Specified51.091 51.09% Not Specified
USA17.062 17.06% USA
Germany10.673 10.67% Germany
Netherlands9.834 9.83% Netherlands
Canada4.835 4.83% Canada
Cash & Cash Equivalents4.516 4.51% Cash & Cash Equivalents
Luxembourg2.797 2.79% Luxembourg
Mexico2.658 2.65% Mexico
Switzerland2.199 2.19% Switzerland
Channel Islands1.6310 1.63% Channel Islands
Austria1.1011 1.10% Austria
Ireland0.8512 0.85% Ireland
Spain0.6813 0.68% Spain
Italy0.5914 0.59% Italy
Denmark0.4915 0.49% Denmark
France-0.3416 -0.34% France
UK-10.6017 -10.60% UK
Sector weightings, 28-Nov-2014
Industrials22.691 22.69% Industrials
Banks19.072 19.07% Banks
Other Financials16.973 16.97% Other Financials
TMT11.674 11.67% TMT
Collateralised6.745 6.74% Collateralised
Utilities6.166 6.16% Utilities
US Residential MBS6.017 6.01% US Residential MBS
Government4.368 4.36% Government
Cash3.559 3.55% Cash
IL Government 2.7810 2.78% IL Government

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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Asset allocation

US Fixed Interest, 33.45%
33.4500% ofUS Fixed Interest
UK Fixed Interest, 29.93%
29.9300% ofUK Fixed Interest
Dutch Fixed Interest, 9.83%
9.8300% ofDutch Fixed Interest
French Fixed Interest, 6.26%
6.2600% ofFrench Fixed Interest
Canadian Fixed Interest, 4.83%
4.8300% ofCanadian Fixed Interest
Cash & Cash Equivalents, 4.51%
4.5100% ofCash & Cash Equivalents
Luxembourg Fixed Interest, 2.79%
2.7900% ofLuxembourg Fixed Interest
Mexican Fixed Interest, 2.65%
2.6500% ofMexican Fixed Interest
Swiss Fixed Interest, 2.19%
2.1900% ofSwiss Fixed Interest
German Fixed Interest, 1.24%
1.2400% ofGerman Fixed Interest
Austrian Fixed Interest, 1.10%
1.1000% ofAustrian Fixed Interest
Irish Fixed Interest, 0.85%
0.8500% ofIrish Fixed Interest
Spanish Fixed Interest, 0.68%
0.6800% ofSpanish Fixed Interest
Italian Fixed Interest, 0.59%
0.5900% ofItalian Fixed Interest
Danish Fixed Interest, 0.49%
0.4900% ofDanish Fixed Interest
Alternative Investment Strategies, -1.39%
-1.3900% ofAlternative Investment Strategies

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