Cazenove UK Corporate Bond Class B Income Units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.00% |
| Annual saving | 0.150% ² |
| Total Expense Ratio | 1.15% |
| Launch date | 17-08-1995 |
| Launch price | £0.50 |
| Sector | GBP Corporate Bond |
| Fund size | £173 million |
| Number of holdings | 114 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Full research
About the Fund Manager
Alexander Smitten
Located in: London UK
ALEXANDER SMITTEN joined Cazenove in 2000. He is a member of the Credit Team with responsibility for establishing the UK economic outlook and investment policy for all segregated and pooled gilt portfolios. He is manager of the Cazenove Sterling Bond Fund and The Income Trust for Charities, a UK authorised Common Investment Fund. Alex joined from Intercapital where he set up the gilt agency broking desk. Prior to this he was at Daiwa Securities, Natwest and TSB/Hill Samuel where he was responsible for all government bond activity on behalf of the group. Alex graduated from the City University with a degree in Banking and International Finance. He has 21 years of investment experience.
Income details
| Distribution yield | 6.70% |
|---|---|
| Underlying yield | 5.26% |
| Income paid | Quarterly |
| Type of payment | Interest |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 31 March 2008 |
|---|---|
| Payment date ³ | 31 May 2008 |
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Top 10 holdings
| SVENSKA HANDELSBKN 5.375%-FR SUB EMTN PERP GBP | 2.08% |
|---|---|
| GE CAPITAL UK FUND 5.125% GTD EMTN 03/15 GBP | 1.99% |
| NATL WESTMINSTER 7.625% STP UP SUB NTS | 1.85% |
| RL FINANCE BONDS 6.125%-FRN GTD PERP GBP1000 | 1.78% |
| LLOYDS TSB BANK 6.9625%-FR SUB 29/05/20 GBP | 1.78% |
| GE CAPITAL UK FUND 5.625% GTD EMTN 25/4/19 GBP | 1.74% |
| ING BANK NV 6.875%-FR SUB 29/05/23 GBP | 1.73% |
| Imperial Tobacco Finance 6.875% 2012 | 1.72% |
| BARCLAYS BANK PLC 6.75%-FRN MTN 01/23 GBP | 1.57% |
| 5% Treasury Stock 2025 | 1.46% |
Top 10 sectors
| Bonds | 77.67% |
|---|---|
| Cash and Equiv. | 19.52% |
| Non-Classified | 2.81% |
Top 10 countries
| United Kingdom | 45.66% |
|---|---|
| Cash and Equiv. | 19.52% |
| United States | 7.16% |
| Ireland | 5.66% |
| Australia | 5.01% |
| Sweden | 3.51% |
| Non-Classified | 3.34% |
| Netherlands | 2.85% |
| Spain | 1.89% |
| United Arab Emirates | 1.23% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-11-2008. Data accurate as at 31/10/2008.
