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BMO RESPONSIBLE STERLING CORPORATE BOND 1

BMO RESPONSIBLE STERLING CORPORATE BOND 1 - Overview

Overview of BMO RESPONSIBLE STERLING CORPORATE BOND 1

The Fund aims to achieve an income return, with some capital growth, via a portfolio of ethically screened corporate bonds.

  • Standard Initial Charge 5.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector £ Corporate Bond
Structure OEIC
Launched October, 2007
Size £288m
Yield 0.6%
Charging basis Capital
Dividends paid 30 Apr, 31 Oct

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.05%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 0
High yield bonds 4
Quality bonds 93
Property 0
Commodities 0
Hedge 0
Fund cash 3
Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 0
Mid Caps 0
Small Caps 0

View all performance data for this fund

Investment process

The Fund aims to maximise returns through investment primarily in fixed interest securities of an ethically screened and diversified list of companies. The Fund may also invest in warrants, collective investment schemes, money market instruments and derivatives. The Fund will invest in investment grade and high yield securities. Government securities are excluded. Non-sterling denominated issues are permitted and any currency exposure will normally be hedged back to sterling. To manage risk the Fund will aim to achieve a wide degree of diversification across the available issuers and the manager will adopt a credit management process. Derivatives may be used to increase, reduce and maintain the investment exposure of the Fund including use of single name CDS and interest rate swaps in addition to EPM.

Live feed

Bid price(inc) 129.50p
Accum units 129.50p
Fund commentary
Fund data updated on 17/09/21

Asset allocation

Allocation Proportion(%)
Equity 0
High yield bonds 4
Quality bonds 93
Property 0
Commodities 0
Hedge 0
Fund cash 3

Equity Geographic

Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 0
Mid Caps 0
Small Caps 0

Top 10 holdings

As at: 31/07/2020
2.3% European Investment Bank 5% Bds 15/4/2039 Gbp1000
1.7% Kreditanstalt Fur Wiederaufbau Kfw 5.75% Bds 7/6/2032 Gbp1000
1% Amgen 5.5% 07/12/ 2026
1% East Japan Railway Co 4.75% Mtn 08/12/31 Gbp50000
1% Eurofima 0.15% Bds 10/10/34 Eur1000
.9% Network Rail Infrastructure Finance 4.75% Nts 22/01/24 Gbp1000
.8% Barclays 0.625% Bds 14/11/23 Eur100000
.8% Network Rail Infrastructure Finance 4.75% Nts 29/11/35 Gbp50000
.7% Orbit Capital Plc
.7% Tesco Property Finance 5 Plc 5.6611% Nts 13/10/41 Gbp100000
Source: Trustnet

Sector breakdown

Banks 18%
Utilities 16%
Others 12%
Mortgage & Secured Bonds 10%
Fixed Interest 9%
Consumer Goods 7%
Insurance 7%
Money Market 6%
Industrials 5%
Non-Cyclical Goods 5%

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
16/17 17/18 18/19 19/20 20/21   3 years 5 years Career 3 years 5 years Career
-0.04% 0.00% -0.07% -0.16% -0.15%   -0.13% -0.08% -0.13% 21.50% 29.10% 11.90%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Rebecca Seabrook

Manager. Seabrook is director, UK credit, and came over to F&C from the ISIS side. She currently manages over £7 billion of credit funds for insurance and institutional clients. She began her career at London and Manchester in 1996, as a Credit Analyst. Thereafter, she was a fund manager at Friends Ivory & Sime, Rothschild Asset Management, ISIS and F&C. She’s an Accounting & Finance graduate of the University of Wales in 1995, has obtained her IIMR and is a member of UKSIP.

Track record

Rebecca Seabrook has 16 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.13%. During the worst period of relative performance (from March 2009 - July 2021) there was a decline of 25% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance
Absolute -16% (January 2006 - March 2009)
Relative -25% (March 2009 - July 2021)

Other funds managed

Sector record since September 2005 (16 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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