Merian Monthly Income Bond R GBP Inc (FUND:B1XG8Y1) - Fund price


Fund Report

Merian Monthly Income Bond Fund R GBP Inc

Key Stats
Morningstar® CategoryGlobal Flexible Bond - GBP Hedged
Manager Name-
Inception Date20/07/2012
NAV 17/10/2019GBP 1.02
Day Change0.10%
12 Month Yield3.91%
ISINGB00B1XG8Y11
Dividend FrequencyMonthly
Net Assets (mil) 30/09/201989.17 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.65%
AMC-
Fund Rebate0.05%

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

Above Average

Above Average


Sustainability Rating as of 31/08/2019

Benchmarks

Fund Benchmark

50% ICE BofAML Sterling HY TR GBP, 50% ICE BofAML 1-5 BBB GBP Cp TR USD

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

Growth Of 10,000 (GBP) 30/09/2019

How has this security performed
201420152016201720182019
Fund1.71-3.956.936.37-4.9311.30
Category4.430.345.774.55-2.856.94
Benchmark7.921.393.661.930.107.36
  • Fund: Merian Monthly Income Bond Fund R GBP Inc
  • Category: Global Flexible Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate TR Hdg GBP
Trailing Returns % (GBP) 17/10/2019
FundCatBmark
YTD11.896.826.81
3 Years Annualised4.182.712.30
5 Years Annualised3.152.973.03
10 Years Annualised4.855.273.85

Morningstar SRRI

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

Investment Objective

To seek to achieve income and capital growth by delivering a return, net of fees, greater than that of the Target Benchmark over rolling 3 year periods. The Target Benchmark consists 50% of the ICE BofAML 1-5Y BBB Sterling Corporate Index and 50% of the ICE BofAML Sterling High Yield Index. The fund primarily invests (at least 70%) in a diversified portfolio of fixed, variable and zero rate debt securities, including corporate and government bonds. There are no specific restrictions as to the economic sectors or geographic areas that the fund may invest in.

Portfolio Profile30/09/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.290.000.29
Bonds86.601.0385.56
Cash0.000.000.00
Other14.150.0014.15
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond81.34
Convertible13.98
Asset Backed2.42
Covered Bond1.59
Agency Mortgage Backed1.50
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Merian Financial Cntgnt Cptl F USD Inc Ireland9.93
Lloyds Bank plc 13% United Kingdom1.95
New since last portfolioRothesay Life PLC 2029-09-17United Kingdom1.81
Old Mutual Wealth Life Assurance Ltd 2028-02-28United Kingdom1.74
New since last portfolioTLG Finance SARL 2067-12-23Germany1.73
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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