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

Fund Report

Marks & Spencer High Income Acc

Key Stats
Morningstar® CategoryGlobal Flexible Bond - GBP Hedged
Manager Name-
Inception Date19/02/1997
NAV 21/10/2016GBX 253.40
Day Change0.12%
12 Month Yield4.00%
Dividend FrequencyQuarterly
Net Assets (mil) 30/09/2016294.71 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time14:00:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.00%
Fund Rebate-

Morningstar Rating™



Fund Benchmark


Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

Growth Of 10,000 (GBP) 30/09/2016

How has this security performed
  • Fund: Marks & Spencer High Income Acc
  • Category: Global Flexible Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate TR Hdg GBP
Trailing Returns % (GBP) 21/10/2016
3 Years Annualised4.893.964.95
5 Years Annualised6.086.384.46
10 Years Annualised3.875.785.13

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. The Manager may invest in fixed and variable rate securities and equities from anywhere in the world. At any time the portfolio may contain a combination of any or all of the aforementioned securities. The Manager’s investment policy may mean that at times it is appropriate not to fully invest but to hold cash or near cash. This will only occur when the Manager reasonably regards it as necessary to enable units to be redeemed or for the efficient management of the Fund in accordance with its objects or purpose that may reasonably be regarded as ancillary to the objects of the Fund. 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 Profile30/09/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond61.73
Cash & Equivalents8.97
Asset Backed4.10
Non-Agency Residential Mortgage Backed3.93
Top Holdings
IncreaseDecreaseNew since last portfolio
Euro Inv Bk 4.5% 2044-03-07Supranational2.32
New since last portfolioEuro BUND Future Dec16 2016-12-082.19
DecreaseIcf Ice Long Gilt Future December 2016 2016-12-28United Kingdom2.08
Kreditanst Fur Wie 5.75% 2032-06-07Germany1.87
New since last portfolioEuro BOBL Future Dec16 2016-12-081.71
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. 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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