Liontrust Monthly Income Bond Fund Class P Net Income


Buy/Sell Price  (as of 25/04/2017) £1.079   Day Change :  0.47%     Fund Code:   

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

Stuart joined Alliance Trust in January 2010. Stuart started his career at Standard Life Assurance in 1980 and covered a number of roles before becoming an Investment Manager in the Fixed Income and Cash Management team in 1986. In 1992 he moved to Scottish Widows as a Portfolio Manager with responsibility for corporate bond management across a number of clients and the management of cash funds. During his time at Scottish Widows he assumed management responsibility as Head of Credit, moving on to become Head of Bond Fund Management and latterly to Head of Aggregate Bond Fund Management, where he was responsible for

Biography

Stuart Steven has been involved in managing multi-currency fixed income portfolios for over 21 years, with experience in managing teams and marketing fixed income funds. He has an additional 5 years related investment experience. He joined Alliance Trust in December 2009 and is Co-Fund Manager of Alliance Trust Monthly Income Bond Fund. Following a period in industry, Stuart joined Britannic Asset Management in 1994 and became Head of Corporate Bonds with responsibility for managing investment grade portfolios for retail and institutional funds. In 2000 he joined Legal & General as Director, Corporate Bonds where, until 2006, he managed a highly successful team of credit specialists managing multi-currency assets. He joined Scottish Widows Investment Partnership in 2008 as Investment Director, managing a number of funds, including investment grade and & absolute return funds.
Investment House -
Fund ProviderLiontrust Investments Limited
ManagerStuart McMaster   Biography
ManagerStuart Steven   Biography

Fund Objective The Fund aims to produce a monthly income yield and the prospect of capital growth by investing in a portfolio of assets which predominantly comprises corporate bonds, and also includes government bonds, whilst at the same time actively managing the interest rate exposure of the Fund. The Fund will pay interest distributions monthly. The Fund will hold investment-grade sterling corporate bonds, government bonds, non-sterling investment-grade corporate bonds and relevant derivative instruments. In addition the Fund may also invest from time to time in sub-investment grade bonds, covered bonds and preference shares. The Fund may also invest in collective investment schemes, other transferable securities and other debt instruments, cash and near cash deposits, warrants and money market instruments.

Key Statistics

Fund Status
Fund Type -
ISINGB00B3YQZ323
12-Month NAV High £1.08
12-Month NAV Low £1.00
Fund Comparative Index -
Morningstar CategoryTMGBP Corporate Bond
Dividend Frequency -
Distribution Yield4.59%

Annual Charges

Morningstar ratings

 as of  31/03/2017
Overall4 star
3 Years3 star
5 Years4 star
10 YearsN/A

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  25/04/2017

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
2.99-0.50-4.42-1.78-
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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