Marks & Spencer High Income Acc (FUND:3001334) - Fund price


Fund Report

Marks & Spencer High Income Acc

Key Stats
Morningstar® CategoryGlobal Flexible Bond - GBP Hedged
Manager Name-
Inception Date19/02/1997
NAV 20/09/2019GBX 273.80
Day Change-0.44%
12 Month Yield4.19%
ISINGB0030013345
Dividend FrequencyQuarterly
Net Assets (mil) 31/08/2019260.70 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time07:00:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.92%
AMC0.92%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

Growth Of 10,000 (GBP) 31/08/2019

How has this security performed
201420152016201720182019
Fund6.79-0.528.684.09-4.439.66
Category4.430.345.774.55-2.857.12
Benchmark7.921.393.661.930.107.99
  • Fund: Marks & Spencer High Income Acc
  • Category: Global Flexible Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate TR Hdg GBP
Trailing Returns % (GBP) 20/09/2019
FundCatBmark
YTD9.357.086.99
3 Years Annualised2.482.872.24
5 Years Annualised3.582.913.33
10 Years Annualised5.125.693.92

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Fund’s objective is to provide a high level of income. We define a high level of income as equal to, or in excess of, the average yield of the funds in the Fund’s Investment Association sector, the Strategic Bond sector, over a three year period. The Manager may invest in fixed and variable rate bonds and bonds that can be converted to shares (equities), of companies, called convertible bonds and money market funds. The Fund may invest up to 5% in contingent convertible bonds (CoCos) and an additional 5% in convertible bonds. At any time the portfolio may contain a combination of any or all of the aforementioned bonds and money market funds from anywhere in the world. Generally the Fund invests in transferable securities listed or traded on an eligible securities market with power to invest in recently issued transferable securities which are to be so listed or traded.

Portfolio Profile31/08/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds92.273.9088.36
Cash58.2348.859.38
Other2.260.002.26
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond59.09
Government17.61
Cash & Equivalents9.42
Asset Backed5.16
Government Related3.69
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
European Investment Bank 4.5% 2044-03-07Supranational2.73
Kreditanstalt Fur Wiederaufbau 5.75% 2032-06-07Germany2.03
Network Rail Infrastructure Finance Plc 4.75% 2035-11-29United Kingdom1.26
New since last portfolioLong Gilt Future Dec19 2019-12-27United Kingdom1.09
HSBC Holdings plc 6% 2040-03-29United Kingdom0.98
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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