Aberdeen Absolute Return Bond Fund I Net Inc


Buy/Sell Price  (as of 26/09/2016) £0.9608   Day Change :  0.06%     Fund Code:  SIARI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

James Carver is a portfolio manager on the fixed income currency desk, with additional responsiblity for multi-asset alpha strategies. James joined Aberdeen via the acquisition of Deutsche Asset Managements London and Philadelphia fixed income businesses in 2005. James held a similar role at Deutsche Asset Management which he joined in 2001. James graduated with an Msc from Oxford University and is a CFA Charterholder. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Biography

1994 2001 Investment ManagerUK GiltsMorley Fund Management
Investment HouseAberdeen
Fund ProviderAberdeen Fund Managers Limited
ManagerJames Carver   Biography
ManagerGraeme Caughey   Biography

Fund Objective To achieve a positive capital return, regardless of market conditions, over rolling 12-month periods. The Fund invests mainly in fixed-interest securities (including government and supranational bonds, corporate bonds, noninvestment grade bonds and emerging markets debt); index-linked securities, money market instruments, cash, near-cash, and deposits.The fund may use derivatives (financial contracts whose value is linked to an underlying asset) to manage risks and costs. The Fund will be managed with the aim of delivering absolute (morethan zero) return in any market conditions. An absolute return is not guaranteed and the Fund may experience periods of negative returns.At any one time a substantial amount of the Fund may be held in cash.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00BWK27D16
12-Month NAV High £0.97
12-Month NAV Low £0.95
Fund Comparative Index3 Month LIBOR (GBP)
Morningstar CategoryTMAlt - Long/Short Debt
Dividend FrequencyTwice Yearly
Distribution Yield2.47%
Underlying Yield0.09%

Annual Charges

Morningstar ratings

OverallN/A
3 YearsN/A
5 YearsN/A
10 YearsN/A

Growth of £1000 Help

 as of  26/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
5.501.213.300.23-
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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