Highlands Holdings Bond Issuer Ltd / Highlands Holdings Bond Co-Issuer Inc
1.65
4¼% Treasury Gilt 2027
1.59
Energean Israel Finance Ltd
1.59
Galaxy Finco Ltd
1.58
Total
18.39
Fund Aims
The fund’s investment objective is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
Fund Manager
Daniel Pearson and Teammanager
for
5 years
and 11 months
Daniel Pearson is an analyst at Schroders, based in London. He joined Schroders in 2013.
Daniel was an investment executive at 3i Investments plc from 1997 to 2007.
He was previously a finance graduate at Hambros plc from 1991 to 1996.
ACCA Accountancy.
Fund Overview
Mid (30/08/2024)
109.10p
Distribution yield
7.66%
Underlying yield
-
Fund size (31/07/2024)
£513.04m
Number of holdings
220
Entry Charge
0.00%
Ongoing Charges
0.72%
Launch date
03/03/2000
Asset Allocation
International Bonds
67.42%
UK Corporate Bonds
20.46%
UK Gilts
4.39%
Cash and Equivalents
2.32%
Alternative Trading Strategies
0.19%
Other Assets
5.22%
Commentary
Not Applicable
Portfolio data accurate as at: 31/07/24
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
International Bonds
67.42%
UK Corporate Bonds
20.46%
UK Gilts
4.39%
Cash and Equivalents
2.32%
Alternative Trading Strategies
0.19%
Other Assets
5.22%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
92.26%
-
-
-
Non-Classified
5.22%
-
-
-
Cash and Equivalents
2.32%
-
-
-
Alternative Trading Strategies
0.19%
-
-
-
Alternative Trading Strategies
-
0.19%
-
-
Alternative Trading Strategies
-
-
0.19%
-
Alternative Trading Strategies
-
-
-
0.19%
Regional Allocation
Developed Europe - Excl UK
37.61%
UK
24.84%
North America
14.59%
Non-Classified
13.60%
South & Central America
2.51%
Middle East & Africa
2.40%
Cash and Equivalents
2.32%
Emerging Europe
2.12%
Fixed Interest Currencies
Euro
32.85%
US Dollar
30.31%
Pound Sterling
28.87%
Non-Fixed Interest Assets
5.41%
Cash
2.32%
Singapore Dollar
0.23%
Regional Breakdown
Expand allCollapse all
Region
Country
Developed Europe - Excl UK
37.61%
-
Luxembourg
-
9.73%
Germany
-
7.55%
Italy
-
6.98%
France
-
5.66%
Netherlands
-
2.55%
Austria
-
1.06%
Spain
-
0.94%
Switzerland
-
0.71%
Portugal
-
0.60%
Ireland
-
0.56%
Belgium
-
0.55%
Sweden
-
0.43%
Finland
-
0.30%
UK
24.84%
-
United Kingdom
-
24.84%
North America
14.59%
-
United States
-
13.46%
Canada
-
1.13%
Non-Classified
13.60%
-
South & Central America
2.51%
-
Mexico
-
1.44%
Brazil
-
0.93%
Chile
-
0.14%
Middle East & Africa
2.40%
-
Israel
-
2.40%
Cash and Equivalents
2.32%
-
Emerging Europe
2.12%
-
Turkey
-
0.63%
Latvia
-
0.61%
Greece
-
0.40%
Poland
-
0.31%
Hungary
-
0.16%
Fixed Interest Maturity Profile
< 5Yr Maturity
70.03%
5Yr - 10Yr Maturity
14.62%
10Yr - 15Yr Maturity
1.79%
> 15Yr Maturity
5.82%
Cash And Equivalents
2.32%
Unknown Maturity
5.22%
Other Asset Types
0.19%
Fixed Interest Quality Profile
AAA
0.46%
AA
4.39%
A
0.90%
BBB
5.30%
Sub-Investment Grade
24.19%
Unknown Quality
57.04%
Cash and Equivalents
2.32%
Other Asset Types
5.41%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
Global Aircraft Leasing Co Ltd
2.35%
Bonds
Non-Classified
2
Kane Bidco Ltd
2.23%
Bonds
Non-Classified
3
Marcolin SpA
2.02%
Bonds
Italy
4
4½% Treasury Gilt 2028
1.90%
Bonds
United Kingdom
5
Emeria SASU
1.83%
Bonds
France
6
Cloud Software Group Inc
1.66%
Bonds
United States
7
Highlands Holdings Bond Issuer Ltd / Highlands Holdings Bond Co-Issuer Inc
1.65%
Bonds
United States
8
4¼% Treasury Gilt 2027
1.59%
Bonds
United Kingdom
9
Energean Israel Finance Ltd
1.59%
Bonds
Israel
10
Galaxy Finco Ltd
1.58%
Bonds
Non-Classified
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
B83RDY8
Mex Code
-
Isin Code
GB00B83RDY83
Citi Code
G15N
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.72%
Aims and Benchmark
Aims
The fund’s investment objective is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.
Benchmark
Income and capital growth target of between 4.5% and 6.5% per year
Benchmark Category
-
IA Sector
£ High Yield
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
Unit Trust
Launch price
£0.50
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Monthly
Distribution Type
Interest
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
28 December
25 January
28 January
25 February
28 February
25 March
28 March
25 April
28 April
25 May
28 May
25 June
28 June
25 July
28 July
25 August
28 August
25 September
28 September
25 October
28 October
25 November
28 November
25 December
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
J.P. Morgan Trustee and Depositary Company Limited
Fund Administrator
IFDS
Fund Registrar
IFDS
Fund Custodian
J.P. Morgan Trustee and Depositary Company Limited
Group Details
Group name
Schroder Unit Trusts Limited
Group address
1 London Wall Place,
London,
EC2Y 5AU
United Kingdom
Group telephone
0800 718 777
Dealing telephone
0800 718 788
Email
investorservices@schroders.com
Homepage
www.schroders.co.uk
Fax number
0870 043 4080
Dealing
Minimum Investment
£3000000
Minimum Top Up
£100000
Minimum Regular Saving
-
Settlement Period: Buy
4 days
Settlement Period: Sell
4 days
Pricing Basis
Forward
Dealing Decimals
2
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.