SF UK Income Bond Fund

ISIN: IE00B8FLDF99

Updated 23 May 2019

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  • DAILY NAV (GBP)
    9.38
  • DAILY YTD RETURN
    3.16%
  • TOTAL NET ASSETS (GBP)
    564 MM
    (as of 30/04/2019)
  • TOTAL NET ASSETS (GBP)
    564 MM
    (as of 30/04/2019)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    30/11/2012
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    30/11/2012

Objective

The primary investment objective of the UK Income Bond Fund is to seek to maximise current income, consistent with prudent investment management. Long-term capital appreciation is a secondary objective.

Overview

Fund Description

The UK Income Bond Fund targets a consistent annual distribution yield achieved via an actively managed portfolio of predominantly sterling-denominated, investment grade bonds with an average duration of one to eight years. The fund targets higher coupon securities that generate income for the portfolio. The fund will allocate a minimum of 50% to Investment Grade securities, and a maximum of 25% to Emerging Market securities and a maximum of 30% nonsterling currency exposure.

Investor Benefits

The fund offers an actively managed and diversified strategy with a primary goal of income generation, and a secondary goal of capital appreciation over a full market cycle.

The Fund Advantage

The fund’s diversified strategy and extensive fixed income opportunity set can offer significant potential for investors seeking consistent income and outperformance.

PRIMARY BENCHMARK

Bloomberg Barclays Sterling Aggregate 1‑10yr bond index

PRIMARY BENCHMARK DESCRIPTION

The Bloomberg Barclays Sterling Aggregate 1-10yr bond index represents the Sterling Aggregate 1-10yr component of the Bloomberg Barclays Pan-European Aggregate index. The Pan-European Aggregate Index covers eligible investment grade securities from the entire European continent. The primary component is the Euro-Aggregate Index. In addition, the Pan-European Aggregate Index includes eligible securities denominated in British pounds (GBP), Swedish krona (SEK), Danish krone (DKK), Norwegian krone (NOK), Czech koruna (CZK), Hungarian forint (HUF), Polish zloty (PLN), Slovenian tolar (SIT), and Slovakian koruna (SKK). Apart from the currency constraint, the inclusion rules for the Pan-European Index are identical to those of the Euro-Aggregate Index. A local currency Swiss franc index is also available but does not contribute to the overall Pan European Index. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

30/11/2012

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B8FLDF99

TICKER

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SEDOL

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SHARE CLASS CURRENCY

CUSIP

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VALOR

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WKN

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VAG Compliance

Traspasable

No

Overview Footnotes & Disclosures

disclosures

Square Mile - A rating is not a recommendation to buy, sell or hold a fund. Square Mile is an independent investment research business that works in partnership with regulated professional financial services firms. Their ratings process is fuelled by a qualitative research process that focuses on the fundamentals: manager and environment; investment philosophy and objectives; investment process; portfolio construction; management of risk; and value for money. An ‘AA’ rating is assigned to funds in which Square Mile have a high confidence that the fund over an investment cycle will meet its stated objectives. Past performance is not an indicator of future results.

RELATED

Managers

Eve Tournier

Head of European Credit Portfolio Management

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Ketish Pothalingam

Portfolio Manager, U.K. Credit

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Andrew Balls

CIO Global Fixed Income

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Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2019 2.90%
Annualised Distribution Yield as of 30/04/2019 3.59%
Current Yield2 as of 30/04/2019 2.67%
Average Annualised Distribution Yield as of 30/04/2019 3.59%
Latest Dividend Distribution3 as of 22/05/2019 (GBP) 0.02809
Dividend Distribution (YTD) 4 as of 22/05/2019 (GBP) 0.14044
Yields & Distributions Footnotes & Disclosures

disclosures

1PIMCO calculates a Fund's Estimated Yield to Maturity by averaging the yield to maturity of each security held in the Fund on a market weighted basis. PIMCO pulls each security's yield to maturity from PIMCO's Portfolio Analytics database. When not available in the PIMCO's Portfolio Analytics database, PIMCO pulls the security's yield to maturity from Bloomberg. When not available in either database, PIMCO will assign a yield to maturity for that security from a PIMCO matrix based on prior data.
2The estimate of current yield is based on PIMCO's best judgment for the securities in the portfolio on the date shown. PIMCO makes no representation on the accuracy or the methodology used.
3Data does not include special cash dividends.
4Data is based on distributions since the most recent calendar year end and does not include special cash dividends.

Fees & Expenses

Unified Fee 0.75%

Prices & Performance

Daily Statistics

All data as of 23/05/2019

NAV (GBP) 9.38 One Day Return 0.00%
Daily Change (GBP) 0.00 Daily YTD Return 3.16%
Click here to view Historical Prices
  • Average Annual Returns
  • Cumulative Returns

All data as of

  • Daily
  • Month End

All data as of

  • Daily
  • Month End

Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown.