To generate income and some growth over the long term (5 years or more) by investing in Sterling and Euro denominated sub-investment grade (high yield) corporate bonds.
Performance Target: To achieve the return of the ICE BofA GBP/Euro Fixed & Floating High Yield Non-Financial 3% Constrained Index (Hedged to GBP) plus 0.8% per annum over rolling three year periods (before charges).
There is no certainty or promise that the Performance Target will be achieved.
The ICE BofA GBP/Euro Fixed & Floating High Yield Non-Financial 3% Constrained (Hedged to GBP) Index ( the "Index") is a representative index of the market for high yield bonds in Europe which excludes financial institutions.
Fund Manager
Arthur Milsonmanager
for
6 years
Arthur works in the High Yield team alongside Erlend Lochen, Alasdair MacLean and Samantha Lamb. His role involves the identification and researching of investment opportunities and assisting in the managing of the High Yield Funds. Arthur joined Standard Life Investments in June 2006 from HBOS. There he worked initially in leveraged finance, providing debt funding to private equity backed MBO deals. Latterly, he was a member of the Bank’s Integrated Finance team, specialising in the debt and equity financing of buyouts.
Fund Overview
Mid (13/11/2024)
94.62p
Distribution yield
5.60%
Underlying yield
5.60%
Fund size (31/10/2024)
£222.85m
Number of holdings
158
Entry Charge
0.00%
Ongoing Charges
0.74%
Launch date
22/05/2012
Asset Allocation
International Bonds
75.85%
UK Corporate Bonds
16.58%
Cash and Equivalents
5.43%
UK Gilts
0.82%
Alternative Trading Strategies
0.70%
Other Assets
0.62%
Portfolio data accurate as at: 31/10/24
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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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
International Bonds
75.85%
UK Corporate Bonds
16.58%
Cash and Equivalents
5.43%
UK Gilts
0.82%
Alternative Trading Strategies
0.70%
Other Assets
0.62%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
93.25%
-
-
-
Cash and Equivalents
5.43%
-
-
-
Alternative Trading Strategies
0.70%
-
-
-
Alternative Trading Strategies
-
0.70%
-
-
Alternative Trading Strategies
-
-
0.70%
-
Alternative Trading Strategies
-
-
-
0.70%
Non-Classified
0.62%
-
-
-
Regional Allocation
Developed Europe - Excl UK
62.79%
UK
17.40%
North America
7.12%
Cash and Equivalents
5.43%
Non-Classified
4.54%
Emerging Europe
1.30%
South & Central America
0.86%
Japan
0.57%
Fixed Interest Currencies
Euro
64.39%
Pound Sterling
17.20%
US Dollar
11.66%
Cash
5.43%
Non-Fixed Interest Assets
1.32%
Regional Breakdown
Expand allCollapse all
Region
Country
Developed Europe - Excl UK
62.79%
-
Luxembourg
-
13.63%
Germany
-
12.29%
Netherlands
-
12.11%
France
-
11.44%
Sweden
-
4.23%
Italy
-
3.44%
Ireland
-
2.24%
Spain
-
1.41%
Austria
-
0.82%
Switzerland
-
0.55%
Portugal
-
0.53%
Finland
-
0.10%
UK
17.40%
-
United Kingdom
-
17.40%
North America
7.12%
-
United States
-
7.12%
Cash and Equivalents
5.43%
-
Non-Classified
4.54%
-
Emerging Europe
1.30%
-
Czech Republic
-
0.79%
Greece
-
0.51%
South & Central America
0.86%
-
Mexico
-
0.86%
Japan
0.57%
-
Japan
-
0.57%
Fixed Interest Maturity Profile
< 5Yr Maturity
58.36%
5Yr - 10Yr Maturity
22.90%
10Yr - 15Yr Maturity
3.20%
> 15Yr Maturity
8.79%
Cash And Equivalents
5.43%
Unknown Maturity
0.62%
Other Asset Types
0.70%
Fixed Interest Quality Profile
AA
0.82%
BBB
1.88%
Sub-Investment Grade
33.78%
Unknown Quality
56.77%
Cash and Equivalents
5.43%
Other Asset Types
1.32%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
TEVA PHARM FNC NL II 4.375% 05/09/2030
1.71%
Bonds
Netherlands
2
ALBION FINANCING 1SARL / 5.25% 10/15/2026
1.63%
Bonds
Luxembourg
3
ELECTRICITE DE FRANCE SA 5.375%
1.56%
Bonds
France
4
TK ELEVATOR MIDCO GMBH 4.375% 07/15/2027
1.54%
Bonds
Germany
5
WEPA HYGIENEPRODUKTE GMB 5.625% 01/15/2031
1.53%
Bonds
Germany
6
UNIQUE PUB FINANCE CO 6.464% 03/30/2032
1.46%
Bonds
United Kingdom
7
SUNRISE HOLDCO IV BV 5.5% 01/15/2028
1.39%
Bonds
Netherlands
8
BANIJAY ENTERTAINMENT 8.125% 05/01/2029
1.35%
Bonds
France
9
VIRGIN MEDIA VENDOR FIN 4.875% 07/15/2028
1.30%
Bonds
Ireland
10
PINEWOOD FINCO PLC 6% 03/27/2030
1.20%
Bonds
United Kingdom
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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
B79RR98
Mex Code
STINPL
Isin Code
GB00B79RR984
Citi Code
10GG
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.74%
Aims and Benchmark
Aims
To generate income and some growth over the long term (5 years or more) by investing in Sterling and Euro denominated sub-investment grade (high yield) corporate bonds.
Performance Target: To achieve the return of the ICE BofA GBP/Euro Fixed & Floating High Yield Non-Financial 3% Constrained Index (Hedged to GBP) plus 0.8% per annum over rolling three year periods (before charges).
There is no certainty or promise that the Performance Target will be achieved.
The ICE BofA GBP/Euro Fixed & Floating High Yield Non-Financial 3% Constrained (Hedged to GBP) Index ( the "Index") is a representative index of the market for high yield bonds in Europe which excludes financial institutions.
Benchmark
ICE BofA GBP/Euro Fixed & Floating High Yield Non Financial 3% Constrained (Hedged to GBP)
Benchmark Category
-
IA Sector
£ High Yield
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 December
31 January
01 March
30 April
01 June
31 July
01 September
31 October
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
SS&C Financial Services Europe Limited
Fund Custodian
Citibank
Group Details
Group name
abrdn OEIC
Group address
Aberdeen Standard Fund Managers Limited
PO BOX 12233
Chelmsford
CM99 2EE
Group telephone
0800 33 33 53
Dealing telephone
0800 33 33 53
Email
investments_marketline@standardlife.com
Homepage
www.aberdeenstandard.com
Fax number
0131 525 9720
Dealing
Minimum Investment
£2000000
Minimum Top Up
£50000
Minimum Regular Saving
-
Settlement Period: Buy
3 days
Settlement Period: Sell
3 days
Pricing Basis
Forward
Dealing Decimals
3
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.
Report And Accounts
Simplified Prospectus / KIID
Luxembourg
Germany
Netherlands
France
Sweden
Italy
Ireland
Spain
Austria
Switzerland
Portugal
Finland
United Kingdom
United States
Czech Republic
Greece
Mexico
Japan