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LIONTRUST SF CORPORATE BOND 2

LIONTRUST SF CORPORATE BOND 2 - Overview

Overview of LIONTRUST SF CORPORATE BOND 2

The Fund aims to provide a higher long term return than that provided by UK Government bonds. The Fund principally invests in sterling denominated fixed income securities issued by corporate, governments and supranational institutions, which pass Liontrust's sustainable investment matrix.

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

Fund summary

Sector £ Corporate Bond
Structure OEIC
Launched February, 2001
Size £861m
Yield 2.7%
Charging basis
Dividends paid Mar, Jun, Sep & Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 0.60%

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 10
Quality bonds 89
Property 0
Commodities 0
Hedge 0
Fund cash 1
Allocation Proportion(%)
UK 100
Europe 0
North America 0
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 71
Mid Caps 26
Small Caps 3

View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) 87.27p
Accum units 87.27p
Fund commentary
Fund data updated on 21/09/21

Asset allocation

Allocation Proportion(%)
Equity 0
High yield bonds 10
Quality bonds 89
Property 0
Commodities 0
Hedge 0
Fund cash 1

Equity Geographic

Allocation Proportion(%)
UK 100
Europe 0
North America 0
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 71
Mid Caps 26
Small Caps 3

Top 10 holdings

As at: 31/07/2020
2.9597%At&T Inc 7% Bds 30/04/40 Gbp(Var)
2.8061%Standard Chartered 5.125% Dtd Subord Nts 06/06/34 Gbp100000
2.6377%Natwest Group Plc Fxd To Fxd Rt Rst Nts 14/08/30 Gbp T2
2.5521%Verizon Communications Inc
2.5143%Vodafone Group 5.90% Eur Med Trm Nts 26/11/32 Gbp(Var)
2.5022%Orange Sa 8.125% Bds 20/11/28 Gbp1000
2.3559%Axa 5.453% Undated Bds Gbp100000
2.2448%M&G Plc 5.625% Resetbl Dtd Nts 20/10/51 Gbp T2
1.8741%Aviva Dated 5.125% Fltg 04/06/50 Gbp100000
1.7825%Cooperatieve Cent Rffisen Ba/Nl 4.625% Bds 23/05/29 Gbp100000
Source: Trustnet

Sector breakdown

Banks 18%
Telecommunications 17%
Utilities 16%
Insurance 15%
Travel 6%
Real Estate 6%
Financial Services 5%
Retail 4%
Government Bonds 3%
Money Market 3%

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
0.41% 0.05% -0.32% 0.00% 0.17%   -0.05% 0.06% -0.09% 46.00% 83.20% 33.70%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Stuart Steven/ Aitken Ross/ Kenny Watson

Manager. Stuart Steven is a co-fund manager of the Liontrust Monthly Income Bond Fund, having joined Alliance Trust Investments in December 2009 before it was acquired by Liontrust. Steven joined Britannic Asset Management in 1994 and became Head of Corporate Bonds with responsibility for managing investment grade portfolios for retail and institutional funds. In 2000 he joined Legal & General as Director, Corporate Bonds where, until 2006, he managed a team of credit specialists managing multi-currency assets. He joined Scottish Widows Investment Partnership in 2008 as Investment Director, managing a number of funds, including investment grade and & absolute return funds. Aitken Ross was promoted to Co-Fund Manager of the Liontrust Monthly Income Bond Fund in March 2014. Ross joined the Alliance Trust graduate programme in 2010 after graduating from Dundee University with a First in Accountancy and Finance and subsequently completing an MA in International Financial Analysis at Newcastle University. He is also a CFA charterholder Kenny Watson was appointed a Co-Fund Manager of the Liontrust Monthly Income Bond Fund in April 2015. He joined Alliance Trust in 2013 from Ignis Asset Management where he worked for 15 years. Watson started his career at KPMG, after qualifying as a chartered accountant, before joining Murray Johnstone as a trainee fund manager in UK equities in 1994. He has a BA in Accounting & Economics from the University of Strathclyde, is a chartered accountant and is an Associate of the UK Society of Investment Professionals.

Track record

Stuart Steven/ Aitken Ross/ Kenny Watson has 8.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. During the worst period of relative performance (from January 2013 - August 2016) there was a decline of 13% relative to the index. The worst absolute loss has been 10%.

Periods of worst performance
Absolute -10% (January 2020 - March 2020)
Relative -13% (January 2013 - August 2016)

Other funds managed

Sector record since January 2013 (9 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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