Investec Target Return (GBP) A
At a glance
| Initial charge | 4.50% |
|---|---|
| Initial saving | 4.50% |
| Annual charge | 1.50% |
| Annual saving | 0.100% ² |
| Total Expense Ratio | 1.64% |
| Launch date | 10-10-2005 |
| Launch price | £1.00 |
| Sector | Unclassified |
| Fund size | £159 million |
| Number of holdings | 534 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Full research
About the Fund Manager
John Stopford
Located in: London
John Stopford is Head of Fixed Income, managing a team of 26 people, and responsible for several funds including the Investec GSF Global High Income Fund. He moved to Investec's London office after a stint in SA where he was made responsible for the South African fixed income business following the merger between Investec and Guinness Flight in 1998. Through very strong performance, John helped grow SA's fixed income assets under management from £1.5bn to £5bn in 5 years, winning numerous awards. Previously, John was responsible for Guinness Flight's investments in emerging bond and currency markets in London. Prior to joining Guinness Flight in 1993, he worked in London and Tokyo as a specialist Global Bond and Currency Portfolio Manager for Mitsui Trust Asset Management.
John graduated from Pembroke College, Oxford University with an MA (Honours) degree in Chemistry. He also a CFA charterholder.
Income details
| Distribution yield | 4.16% |
|---|---|
| Income paid | Annually |
| 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 May 2008 |
|---|---|
| Payment date ³ | 31 July 2008 |
Top 10 holdings
| UNITED STATES TREAS 2.000 JUL 15 14 TPS | 9.47% |
|---|---|
| UBS AG C/D 6.450 080627-090629 | 4.08% |
| Cash | 3.96% |
| UNITED STATES TREAS 2.375 JAN 15 17 TPS | 3.79% |
| BARCLAYS BANK C/D 5.900 080401-081001 | 3.49% |
| CALYON C/D 5.700 080424-081024 | 3.48% |
| CSFB C/D 6.320 080725-100723 | 3.42% |
| H.B.O.S. C/D 5.730 080722-081022 | 3.12% |
| BK NOVA SCOTIA C/D 5.400 080829-081031 | 3.10% |
| ROYAL BK OF SCOTLAND FRN 15/9/2009 | 3.09% |
Top 10 sectors
| Bonds | 64.46% |
|---|---|
| Cash and Equiv. | 29.79% |
| Managed Funds | 4.87% |
| Non-Classified | 0.88% |
Top 10 countries
| Cash and Equiv. | 29.79% |
|---|---|
| United Kingdom | 18.92% |
| United States | 17.84% |
| Managed Funds | 4.87% |
| Netherlands | 4.22% |
| Luxembourg | 3.57% |
| Israel | 2.72% |
| Non-Classified | 2.59% |
| Italy | 2.41% |
| Canada | 1.91% |
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 30/09/2008.
