MI TwentyFour AM Monument Bond I Acc (FUND:B3V5V89) - Overview

Fund Report

MI TwentyFour AM Monument Bond Fund I Accumulation shares

Key Stats
Morningstar® CategoryOther Bond
Manager Name-
Inception Date10/08/2009
NAV 06/12/2016GBP 128.53
Day Change0.03%
12 Month Yield2.12%
ISINGB00B3V5V897
SEDOLB3V5V89
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/2016203.21 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time15:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.81%
AMC0.75%
Fund Rebate0.05%

Morningstar Rating™

Not Rated

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

ICE LIBOR 3 Month GBP

Morningstar® Benchmark

Not Categorized

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

How has this security performed
20122013201420152016
Fund14.794.654.52-2.283.52
  • Fund: MI TwentyFour AM Monument Bond Fund I Accumulation shares
  • Category: Other Bond
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 06/12/2016
Fund
YTD3.56
3 Years Annualised1.93
5 Years Annualised4.90
10 Years Annualised-

Morningstar SRRI

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

Investment Objective

The Fund aims to provide an attractive level of income relative to prevailing interest rates whilst maintaining a strong focus on capital preservation. The investment policy is to invest in a diversified portfolio of European and Australian residential mortgage-backed securities (“RMBS”) rated at least AA- (or equivalent) at the time of investment by one or more of Standard & Poor’s, Moody’s Investor Services and Fitch although it is expected that the majority of the RMBS will be rated AAA (or equivalent) at the time of investment. From time to time it is possible that a significant portion of the portfolio may be invested in securities from a particular geographical region.

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
Bonds94.420.0094.42
Cash4.270.853.41
Other2.170.002.17
Top Fixed Income Sectors
Fixed Income Sector%
Non-Agency Residential Mortgage Backed75.49
Asset Backed19.84
Cash & Equivalents5.77
Future/Forward-1.11
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Pref Res Sec 06-1 FRN 2043-12-15United Kingdom3.59
Residential Mtg 21 FRN 2038-11-12United Kingdom2.55
Money Ptnrs Secs 4 FRN 2040-03-15United Kingdom2.51
New since last portfolioHawksmoor Mortgages Series 16-2 Class A 2053-05-25United Kingdom2.47
New since last portfolioTowd Point Mortgag 1.40213% 2045-04-20Cayman Islands2.46
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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