SLI Short Duration Credit Plat 1 Inc


Buy/Sell Price  (as of 30/09/2016) £0.5557   Day Change :  -0.09%     Fund Code:  SLISI 

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

Daniel McKernan, Director and portfolio manager, is a member of BlackRock's Fixed Income Portfolio Management Group. His primary responsibility is managing sterling corporate bond portfolios with a sector emphasis on structured finance and industrials. Mr. McKernan's service with the firm dates back to 2005, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. McKernan was a portfolio manager specializing in the management of sterling credit portfolios. Prior to joining MLIM, Mr. McKernan worked for Aegon in Edinburgh as the head of credit and as a credit portfolio manager at Britannia Asset Management and Norwich Union. Mr. McKernan earned a BSc degree, with honours, in banking and international finance from City University, London in 1990.

Biography

Investment HouseStandard Life
Fund ProviderStandard Life Investments
ManagerDaniel Mckernan   Biography
ManagerMark Munro  

Fund Objective The objective of the Fund is to provide a total return from income and capital appreciation. The investment policy of the Fund is to invest mostly in fixed interest securities issued by corporations. The Fund may also invest in Government and public securities and other interest bearing securities anywhere in the world as well as other transferable securities, moneymarket instruments, deposits, cash and near cash, derivatives and collective investment schemes. The ACD will use derivatives to reduce the Funds exposure to interest rate risk with the aim of reducing duration exposure to around two years.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00B63SCK67
12-Month NAV High £0.56
12-Month NAV Low £0.52
Fund Comparative IndexBarclays £ Coll&Cop (hdg to 2Y)
Morningstar CategoryTMGBP Corporate Bond
Dividend FrequencyQuarterly
Distribution Yield2.31%

Annual Charges

Morningstar ratings

 as of  31/08/2016
Overall2 star
3 Years1 star
5 Years2 star
10 Years2 star

Growth of £1000 Help

 as of  30/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
-2.071.430.85-5.01-6.20
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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