Aegon AM Sterling Corporate Bond Class B Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/08/19
to
31/08/20		 31/08/20
to
31/08/21		 31/08/21
to
31/08/22		 31/08/22
to
31/08/23		 31/08/23
to
31/08/24
Fund 4.1% 4.5% -16.6% -1.3% 12.3%
Sector 3.4% 3.8% -15.6% -0.9% 10.6%
Rank 16/88 30/92 45/92 48/95 15/97
Quartile 1 2 2 2 1

Annualised performance

Annualised
3 Years to
31/08/24		 5 Years to
31/08/24		 10 Years to
31/08/24
Fund -2.6% 0.1% 2.3%
Sector -2.6% -0.1% 2.3%
Rank 43/92 36/88 26/70
Quartile 2 2 2

Top 10 Holdings

Stock % Weight
GOLDMAN SACHS GROUP IN 6.875% 18/01/2038 1.92
BANK OF AMERICA CORP 8.125% 02/06/2028 EMTN 1.89
HEATHROW FUNDING LTD 4.625% 31/10/2046 EMTN 1.76
M&G PLC VAR 19/12/2063 EMTN 1.71
ORSTED A/S 5.75% 09/04/2040 EMTN 1.67
HSBC BNK CAO FND STER 1 VAR 05/11/2168 1.57
SP MANWEB PLC 4.875% 20/09/2027 EMTN 1.52
UBS AG LONDON 1.125% 15/12/2025 EMTN 1.48
DEUTSCHE BANK AG VAR 22/12/2028 EMTN 1.47
KFW 5.75% 07/06/2032 EXCH 1.43
Total 16.42

Fund Aims

The investment objective is to provide a combination of income and capital growth over any 7 year period.

Fund Manager

Iain Buckle manager for 14 years and 11 months

Photo of Iain Buckle Iain Buckle is an investment manager in the Fixed Income team with responsibility for credit analysis, particularly securitised and structured finance assets. Iain is the co-manager of several funds with a primary focus on sterling credit mandates. His funds include the Kames Sterling Corporate Bond Fund, core pooled and segregated mandates and funds included in our ethical bond franchise. As an experienced fund manager Iain is responsible for overseeing the institutional pooled and buy-and-hold portfolios managed across the team. Iain joined us in 2000 from Baillie Gifford where he was a fixed income analyst. He studied Economics at Heriot Watt University.

Fund Overview

Mid (30/08/2024) 29.59p
Distribution yield 3.34%
Underlying yield -
Fund size (30/06/2024) £115.55m
Number of holdings 116
Entry Charge 0.00%
Ongoing Charges 0.41%
Launch date 22/04/2002

Asset Allocation

pie chart
  International Bonds 51.91%
  UK Corporate Bonds 41.53%
  Cash and Equivalents 0.93%
  Alternative Trading Strategies 0.02%
  Other Assets 5.60%
Portfolio data accurate as at: 30/06/24

Important Information

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 51.91%
  UK Corporate Bonds 41.53%
  Cash and Equivalents 0.93%
  Alternative Trading Strategies 0.02%
  Other Assets 5.60%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 93.44% - - -
 
 Non-Classified 5.60% - - -
 
 Cash and Equivalents 0.93% - - -
 
 Alternative Trading Strategies 0.02% - - -
 
 Alternative Trading Strategies - 0.02% - -
 
 Alternative Trading Strategies - - 0.02% -
 
 Alternative Trading Strategies - - - 0.02%

Regional Allocation

pie chart
  UK 41.53%
  Developed Europe - Excl UK 23.82%
  North America 19.65%
  Non-Classified 14.06%
  Cash and Equivalents 0.93%

Fixed Interest Currencies

pie chart
  Pound Sterling 90.99%
  Non-Fixed Interest Assets 5.62%
  US Dollar 2.46%
  Cash 0.93%

Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 41.53% -
 
 United Kingdom - 41.53%
 
 Developed Europe - Excl UK 23.82% -
 
 France - 5.74%
 
 Germany - 3.85%
 
 Netherlands - 3.43%
 
 Denmark - 2.97%
 
 Luxembourg - 2.38%
 
 Switzerland - 1.48%
 
 Ireland - 1.12%
 
 Italy - 1.05%
 
 Sweden - 0.68%
 
 Finland - 0.61%
 
 Belgium - 0.53%
 
 North America 19.65% -
 
 United States - 19.65%
 
 Non-Classified 14.06% -
 
 Cash and Equivalents 0.93% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
24.25%
5Yr - 10Yr Maturity
 
 
36.59%
10Yr - 15Yr Maturity
 
 
10.29%
> 15Yr Maturity
 
 
22.31%
Cash And Equivalents
 
 
0.93%
Unknown Maturity
 
 
5.60%
Other Asset Types
 
 
0.02%

Fixed Interest Quality Profile

AAA
 
 
2.39%
AA
 
 
9.08%
A
 
 
19.94%
BBB
 
 
43.70%
Sub-Investment Grade
 
 
2.85%
Unknown Quality
 
 
15.48%
Cash and Equivalents
 
 
0.93%
Other Asset Types
 
 
5.62%

Top 10 Holdings

Stock % Weight Sector Country
1 GOLDMAN SACHS GROUP IN 6.875% 18/01/2038 1.92% Bonds United States
2 BANK OF AMERICA CORP 8.125% 02/06/2028 EMTN 1.89% Bonds United States
3 HEATHROW FUNDING LTD 4.625% 31/10/2046 EMTN 1.76% Bonds United States
4 M&G PLC VAR 19/12/2063 EMTN 1.71% Bonds United Kingdom
5 ORSTED A/S 5.75% 09/04/2040 EMTN 1.67% Bonds Denmark
6 HSBC BNK CAO FND STER 1 VAR 05/11/2168 1.57% Bonds United Kingdom
7 SP MANWEB PLC 4.875% 20/09/2027 EMTN 1.52% Bonds United Kingdom
8 UBS AG LONDON 1.125% 15/12/2025 EMTN 1.48% Bonds Switzerland
9 DEUTSCHE BANK AG VAR 22/12/2028 EMTN 1.47% Bonds Germany
10 KFW 5.75% 07/06/2032 EXCH 1.43% Bonds Germany

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code 3159987
Mex Code SEEIBI
Isin Code GB0031599870
Citi Code BV69

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.41%

Aims and Benchmark

Aims The investment objective is to provide a combination of income and capital growth over any 7 year period.
Benchmark Investment Association Sterling Corporate Bond sector
Benchmark Category Comparator
IA Sector £ Corporate Bond

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Quarterly
Distribution Type Interest
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 February 31 March
01 May 30 June
01 August 30 September
01 November 31 December

Ratings

FE Crown Crown Rating of 3

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository Citibank
Fund Administrator Citibank
Fund Registrar Northern Trust Global Services Limited
Fund Custodian Citibank

Group Details

Group name Aegon Asset Management
Group address 3 Lochside Avenue Edinburgh Park EDINBURGH EH12 9SA
Group telephone 0800 45 44 22
Dealing telephone 0800 169 5186
Email info@kamescapital.com
Homepage www.aegonam.com
Fax number -

Dealing

Minimum Investment £2000000
Minimum Top Up £1000
Minimum Regular Saving -
Settlement Period: Buy 3 days
Settlement Period: Sell 3 days
Pricing Basis Forward
Dealing Decimals 4

Important Information

Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.