You should remember that past performance is not a guide to the future. On 01/04/10 part of the element of the composite benchmark for the Fund changed from 10% Global Property Research 250 (Total Return Net) hedged into GBP to 10% FTSE EPRA/NAREIT Developed Index (Total Return Net) hedged into GBP. On 01/03/11 the composite benchmark changed from 10% JPM GBI - Emerging Markets Global Index in GBP, 45% BofA Merrill Lynch High Yield BB-B Constrained Index hedged to GBP, 10% FTSE EPRA/NAREIT Developed Index hedged to GBP, 25% MSCI World Index hedged to GBP, 10% BofA Merrill Lynch Sterling Broad Market Index in GBP to 40% MSCI World Index – Total Return Net – Hedged to GBP, 30% Barclays U.S. High Yield 2% Issuer Cap Index – Total Return Gross – Hedged to GBP, 30% Barclays Global Credit Index – Total Return Gross – Hedged to GBP.
The SRRI (Synthetic Risk and Reward Indicator) is a measure of the overall risk and reward profile of a fund. Funds are categorised on a scale from 1 to 7, with 1 being lowest risk and 7 being highest risk. Typically, the SRRI is derived from the volatility of past returns over a 5-year period.
Morningstar Inc. is a provider of independent investment research and ratings.
Video
Buttons within the video area
Why invest in this fund?
The Fund may suit investors looking for income from a diverse range of investments and who are prepared to take a higher level of risk than an investment in a corporate Bond fund.
Due to the additional volatility relative to cash associated with High-Yield Bonds and Equities, investors in this Fund should look to hold an investment in the Fund for at least five years.
Points to consider
The value of your investment may fall as well as rise and you may get back less than you originally invested.
The value of Bonds and other Debt Securities may change significantly depending on market, economic and interest rate conditions as well as the creditworthiness of the issuer. Issuers of Bonds and other Debt Securities may fail to meet payment obligations (default) or the credit rating of Bonds and other Debt Securities may be downgraded. These risks are typically increased for Below-Investment Grade Bonds which may also be subject to higher volatility and be more difficult to sell than Investment Grade Bonds.
The Fund may have a significant exposure to Asset and Mortgage Backed Securities (ABS and MBS). ABS/MBS may be difficult to sell, subject to adverse changes to interest rates and to the risk that the payment obligations of the underlying asset are not met.
The Fund may use Financial Derivative Instruments (derivatives) and/or forward transactions for investment purposes. The value of derivatives can be volatile. This is because a small movement in the value of the underlying asset can cause a large movement in the value of the derivative and therefore, investment in derivatives may result in losses in excess of the amount invested by the Fund.
The value of Equity and Equity-Linked Securities may fluctuate in response to the performance of individual companies and general market conditions.
Emerging Markets may be subject to increased political, regulatory and economic instability, less developed custody and settlement practices, poor transparency and greater financial risks. Emerging Market currencies may be subject to volatile price movements. Emerging Market securities may also be subject to higher volatility and be more difficult to sell than non-Emerging Market securities.
Investments in companies engaged in the business of real estate may be more difficult to sell and may experience increased price volatility due to changes in economic conditions and interest rates.
The Fund’s asset allocation is actively managed. There is a risk that the performance of the Fund will suffer if the allocation to any particular asset class is low when that asset class is outperforming or high when that asset class is underperforming.
This Fund is aggressively managed, which may result in higher volatility of the Fund’s performance and bigger differences between the performance of the Fund and its Benchmark.
This Fund charges the annual fee of the Authorised Corporate Director (ACD) against capital, which will increase the amount of income available for distribution to Shareholders, but may constrain capital growth. It may also have tax implications for certain investors.
As the portfolio of the Fund is primarily focused on generating income, it may bear little resemblance to the composition of its Benchmark.
Movements in currency exchange rates can adversely affect the return of your investment. The currency hedging that may be used to minimise the effect of currency fluctuations may not always be successful.
How to invest online
Add this fund to your cart and then checkout to our secure online area where we will process your investment and payment.
The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Tax benefits and liabilities depend on individual circumstances and may change in the future.
Past performance is not a guide to the future.
Ways to invest in this fund
You can invest in this fund in an ISA, Junior ISA, SIPP or Investment Account online, by post or by phone.
