Schroder Sterling Corporate Bond A Acc

Buy/Sell Price  (as of 18/09/2018) £0.738   Day Change :  0.05%     Fund Code:  CXCBA 

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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Alexander joined Cazenove in 2000 and is a member of the fixed income team and in charge of establishing the UK economic outlook and investment policy for segregated and pooled gilt portfolios. He manages the Cazenove Sterling Bond Fund and The Income Trust for Charities, a UK authorised Common Investment Fund. While at Intercapital, Alex set up the gilt agency broking desk. With a degree in Banking and International Finance from the City University he has 19 years of investment experience.
Investment HouseSchroder
Fund ProviderSchroder Unit Trusts Limited
ManagerAlex Smitten   Biography

Fund Objective The fund aims to achieve a high income return together with capital growth by investing primarily in fixed income instruments including bonds, notes of fixed and variable interest, preference shares, convertible and other securities issued by government, quasigovernment, supranational, bank and corporate entities, and derivative instruments. The fund may use forward foreign exchange transactions, credit default swaps, interest rate and government bond futures, and other exchange traded and off exchange traded derivative contracts for the purposes of efficient portfolio management and/or meeting the investment objectives of the fund. Such derivative contracts have the potential to significantly increase the fund's risk profile. The ACD employs a risk management process that seeks to control the volatility of Fund returns. The fund's net exposure to non-investment grade instruments, as determined by the ACD, may not exceed 20 per cent. of net asset value.

Key Statistics

Fund Status
Fund TypeOEIC
12-Month NAV High £0.75
12-Month NAV Low £0.72
Fund Comparative Index -
Morningstar CategoryTMGBP Corporate Bond
Dividend FrequencyQuarterly
Distribution Yield3.77%
Underlying Yield2.27%

Annual Charges

Morningstar ratings

 as of  31/08/2018
Overall5 star
3 Years5 star
5 YearsN/A
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  18/09/2018

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

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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