Smith & Williamson Fxd Interest B (FUND:B3T5LK3) - Overview

Fund Report

Smith & Williamson Fixed Interest Fund B

Key Stats
Morningstar® CategoryGBP Diversified Bond
Manager Name-
Inception Date08/06/2011
NAV 02/12/2016GBX 113.80
Day Change0.09%
12 Month Yield2.44%
ISINGB00B3T5LK39
SEDOLB3T5LK3
Dividend FrequencyQuarterly
Net Assets (mil) 31/10/201631.48 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
Fund Ongoing Charge0.63%
AMC0.55%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Benchmarks

Fund Benchmark

FTSE Gilts All Stocks TR GBP

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate TR GBP

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund9.32-3.789.98-1.367.35
Category7.35-1.0710.790.227.39
Benchmark6.00-2.6813.870.478.62
  • Fund: Smith & Williamson Fixed Interest Fund B
  • Category: GBP Diversified Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate TR GBP
Trailing Returns % (GBP) 02/12/2016
FundCatBmark
YTD7.077.008.83
3 Years Annualised4.865.627.37
5 Years Annualised4.795.365.64
10 Years Annualised4.395.125.62

Morningstar SRRI

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

Investment Objective

The objective of the Trust is to achieve a high income through investing primarily in bonds. The Manager may invest in transferable securities, including warrants, in UK and other exchanges as well as collective investment schemes, money market instruments, deposits and cash and near cash. The Manager’s policy in order to achieve the Trust’s objective will be to invest primarily in corporate bonds, other fixed interest securities (including gilts and permanent interest bearing securities (‘PIBs’) without geographic restriction and preference shares in UK and European Community companies. The Manager may also apply for new issues. The Manager may, from time to time, invest more than 35% of the property of the Trust in Government and other public securities issued by one issuer.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds86.260.0086.26
Cash20.427.6512.77
Other0.970.000.97
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond79.72
Cash & Equivalents14.16
Government5.03
Asset Backed1.10
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Tesco 2.6668% 2036-03-24United Kingdom3.88
Manchester Airport 4.125% 2024-04-02United Kingdom3.65
Pennon Grp 2018-03-08United Kingdom3.25
Prudential 1.375% 2018-01-19United Kingdom3.22
New since last portfolioToyota Motor Cred 1% 2022-09-27United States3.11
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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