Fact sheet: BMO Glb Abs Rtrn Bd

Fund information

Fund name
BMO Global Absolute Return Bond I Hedged GBP
Fund company manager
F&C Lux (BMO Global Asset Mana
Fund type
SIB
Fund manager
Keith Patton
since 13/05/2016
Fund objective
The objective is to provide an absolute return irrespective of bond market direction over a 12 month period. A positive return is not guaranteed over this or any time period. The Manager seeks to achieve this by investing in a diversified spread of corporate bonds (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date) issued by companies and other non-governmental organisations from the major corporate bond markets. While the Manager will invest at least two thirds of its total assets in corporate bonds, it may also invest in other fixed and variable interest rate securities issued by governments and supranationals and derivative contracts. Derivatives may be used for investment purposes to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner. This may involve the use of currency forward contracts, exchange traded futures, interest rate and inflation swaps, and single name and index credit default swaps. Derivatives may also be used for the purpose of efficient portfolio management. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash and near cash and forward transactions. Derivatives can also be used to obtain market exposure in excess of the net asset value of the Fund. The Fund may generate varying amount of market leverage at different times.
Benchmark
No Specified Index
Investment style
Absolute Return
Investment method
Fixed Interest

Quick stats

1 Year return

-

1 Year rank in sector

-

Sector

FO Absolute Return

Yield
-
Fund size

£ 414.5 m

FE Risk score
-
NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Banks
    19.2%
  • Consumer Goods
    18.8%
  • Others
    16.3%
  • Non-Cyclical Goods
    12.6%
  • Telecommunications
    8.2%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.5 %-0.1 %0 %0 %0 %
Sector0.25 %1.12 %2.5 %3.18 %9.49 %
Rank within sector132 / 154117 / 151 / / /
Quartile th4 th4 th th th th

Calendar performance

YTD-20172016201520142013
Fund0 %0 %0 %0 %0 %
Sector2.28 %0.66 %0.69 %1.2 %3.58 %
Rank within sector / / / / /
Quartile th th th th th th

Price movement

52 week high10.05
52 week low9.96
Current bid price0
Current offer price0
Current mid price9.98

Holdings by region

-

Holdings by sector

  • 19.2% Banks
  • 18.8% Consumer Goods
  • 16.3% Others
  • 12.6% Non-Cyclical Goods
  • 8.2% Telecommunications
  • 6.9% Government Bonds
  • 6.6% Industrials
  • 4.2% Insurance
  • 3.7% Financial Services
  • 3.6% Fixed Interest

Holdings by asset type

-

Individual holdings

-