SWIP Absolute Return Macro A Acc
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.000% ² |
| Total Expense Ratio | 1.58% |
| Launch date | 17-05-2006 |
| Launch price | £1.00 |
| Sector | Specialist |
| Fund size | £11 million |
| Number of holdings | 81 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
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About the Fund Manager
Ken Adams
Located in: Edinburgh
Ken is head of global strategy, having previously been an investment director in the global strategy team and top-down strategy research manager. As chairman of SWIP's Policy Group, he is responsible for driving asset allocation strategy on multi-asset portfolios and is also lead manager of a number of macro absolute return funds. He is also in charge of SWIP's top-down research effort. Ken has been with the group since 1987. For the first two years of his career he worked in the fixed interest team. He was then seconded to the London office of Dai-Ichi Kangyo Asset Management (DKA), the Japanese investment company, where for two years he led a team managing multi-asset absolute return portfolios. Ken spent the following seven years in its Tokyo office in a similar role, and in 1996 he was appointed client director in charge of the group's joint venture with DKA. On his return to Britain in 1999, Ken joined the global strategy team as an investment director and member of the global equity portfolio construction team. Ken holds a BSc in zoology and botany from Bristol University.
Income details
| Gross running yield | 3.55% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Interest |
All yields are variable and not guaranteed. The information is correct as at 31-03-2007.
Distribution dates
| Ex-dividend date | 30 June 2008 |
|---|---|
| Payment date ³ | 31 August 2008 |
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Top 10 holdings
| 4¾% Treasury Stock 2010 | 11.92% |
|---|---|
| UK(GOVT OF) 0% T-BILL 01/12/08 GBP | 10.94% |
| 4% Treasury Stock 2009 | 10.10% |
| 4¼% Treasury Gilt 2011 | 5.13% |
| NEW ZEALAND(GOVT) 6.5% SER '413 15/04/13 NZD | 4.38% |
| DNB NOR BANK ASA FRN UNS EMTN 09/02/09 GBP | 3.65% |
| CREDIT AGRICOLE SA FRN EMTN SUB 12/10/09 GBP | 3.63% |
| SANTANDER INT DBT FRN EMTN 27/01/11 GBP | 3.63% |
| CITIGROUP INC FRN SER EMTN 26/03/09 GBP | 3.63% |
| DANSKE BANK A/S FRN UNS EMTN 07/06/11 GBP | 3.62% |
Top 10 sectors
| Bonds | 80.47% |
|---|---|
| Non-Classified | 48.63% |
| Direct Property | 1.04% |
| Real Estate Investment & Services | 0.08% |
| Cash and Equiv. | -30.22% |
Top 10 countries
| Non-Classified | 48.63% |
|---|---|
| United Kingdom | 42.92% |
| United States | 10.12% |
| New Zealand | 4.38% |
| Norway | 3.65% |
| France | 3.63% |
| Spain | 3.63% |
| Denmark | 3.62% |
| Netherlands | 3.62% |
| Ireland | 3.08% |
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.
