Fact sheet: Marks & Spencer High Income

Fund information

Fund name
Marks & Spencer High Income Acc
Fund company manager
Marks & Spencer UT Managers
Fund type
UKA
Fund objective
The Fund objective is to provide a high level of income, defined as the quoted average yield of the Investment Association peer group which is the Strategic Bond peer group. The Fund invests in both corporate and government bonds of any duration and equities across global markets. Lower risk bonds (called ’investment grade’) and higher risk bonds rated by Standard and Poor’s below BBB- (called ’sub investment grade’) will be held. A bond is a type of loan that pays interest. The Investment adviser has appointed three specialist investment advisers to each manage a portion of the Fund. This provides a blend of complementary investment approaches to achieve the Fund’s investment strategy. The fund may invest up to 10% of its assets in other funds. The fund employs a Total Return strategy which has a flexible allocation across the global bond universe and currency markets. Through seeking multiple sources of return the strategy aims, over an investment cycle, to achieve risk-adjusted returns above those of the investment universe. Income and accumulation units are available. You may sell your investment by contacting the Manager during the dealing hours noted in the Prospectus. Your units will be sold at 8am the following Business Day. Income is either paid to you or reinvested into the Fund and reflected in the value of your investment. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years.
Benchmark
No Specified Index
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

2.12 %

1 Year rank in sector

51/81

Sector

UT Sterling Strategic Bond

Yield

4.5

Fund size

£ 277.6 m

FE Risk score

59

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    28.57%
  • USA
    21.08%
  • Others
    5.75%
  • Channel Islands
    5.32%
  • France
    4.44%
  • BBB+
    14.96%
  • BBB
    13.56%
  • AAA
    10.46%
  • BB+
    7.48%
  • A-
    7.23%
  • UK Fixed Interest
    33.89%
  • US Fixed Interest
    21.08%
  • Global Fixed Interest
    9.27%
  • American Emerging Fixed Interest
    5.62%
  • French Fixed Interest
    4.44%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.31 %2.81 %2.12 %13.5 %23.01 %
Sector-0.56 %2.25 %3 %12.89 %25.61 %
Rank within sector41 / 8328 / 8251 / 8139 / 7344 / 63
Quartile th2 nd2 nd3 rd3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund3.22 %8.68 %-1.24 %7.57 %-0.91 %
Sector3.57 %7.28 %-0.29 %6.75 %2.59 %
Rank within sector49 / 8225 / 7664 / 7332 / 7248 / 65
Quartile th3 rd2 nd4 th2 nd3 rd

Risk statistics

Alpha-1.1
Beta1.3
Sharpe0.12
Volatility5.05
Tracking error2.64
Information ratio0.02
R-Squared0.77

Price movement

52 week high264.6
52 week low244.2
Current bid price259.8
Current offer price259.8
Current mid price0

Holdings by region

  • 28.57% UK
  • 21.08% USA
  • 5.75% Others
  • 5.32% Channel Islands
  • 4.44% France
  • 3.97% Netherlands
  • 3.52% International
  • 3.02% Germany
  • 2.77% Mexico
  • 2.27% Ireland

Holdings by sector

  • 14.96% BBB+
  • 13.56% BBB
  • 10.46% AAA
  • 7.48% BB+
  • 7.23% A-
  • 6.53% BBB-
  • 5.75% Unknown
  • 5.41% AA
  • 4.68% BB
  • 4.2% BB-

Holdings by asset type

  • 33.89% UK Fixed Interest
  • 21.08% US Fixed Interest
  • 9.27% Global Fixed Interest
  • 5.62% American Emerging Fixed Interest
  • 4.44% French Fixed Interest
  • 3.97% Dutch Fixed Interest
  • 3.02% German Fixed Interest
  • 2.77% Mexican Fixed Interest
  • 2.27% Irish Fixed Interest
  • 1.97% Middle East & African Fixed Interest

Individual holdings

  • 2.13% EUROPEAN INVESTMENT BANK 4.5% MTN 07/03/44 GBP1000
  • 1.78% KREDITANSTALT FUER WIEDERAUFBAU KFW 5.75% BDS 7/6/2032 GBP1000
  • 1.65% HM TREASURY UNITED KINGDOM DMO 1.25% GILT 22/7/18 GBP0.01
  • 1.39% EUROPEAN INVESTMENT BANK 4.75% BDS 15/10/18 GBP1000
  • 1.24% KFW 4.875% 1/2/2018
  • 1.09% GE CAPITAL UK FUNDING UNLTD CO 5.875% NTS 18/01/33 GBP1000
  • 1.02% NETWORK RAIL INFRASTRUCTURE FINANCE 4.75% NTS 29/11/35 GBP50000
  • 0.94% BARCLAYS BANK 4.25% 12/1/2022
  • 0.92% TOWD POINT FLOATING RATE NOTE 20/2/2045
  • 0.78% HSBC HLDGS 6% SUBORD NTS 29/03/40 GBP50000