Old Mutual Corporate Bond Class A Inc
Also available as accumulation units
At a glance
| Initial charge | 3.50% |
|---|---|
| Initial saving | 3.50% |
| Annual charge | 1.10% |
| Annual saving | 0.050% ² |
| Total Expense Ratio | 1.23% |
| Launch date | 17-06-2000 |
| Launch price | £1.00 |
| Sector | GBP Corporate Bond |
| Fund size | £703 million |
| Number of holdings | 121 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
With the exception of 1929, Stephen Snowden believes corporate bonds have never looked so attractive. The fund has suffered enormously as it held some of the bank bonds which have been affected by the credit crunch. He had the fund positioned in them as he anticipated a recovery earlier than has been the case. He believes bond yields look exceptionally valued and that it is unlikely defaults will be as high as the market predicts.
Full research & investment video
About the Fund Manager
Stephen Snowden
Located in: London
Stephen Snowden has been the manager of the Old Mutual Corporate Bond Fund since he joined OMAM in February 2004. The fund has a AAA rating from Standard & Poor's and OBSR. Before joining OMAM, Stephen worked at Aegon Asset Management where he managed the Aegon Extra Income Fund.
Income details
| Historic yield | 7.40% |
|---|---|
| Distribution yield | 6.90% |
| 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 | 01 February 2008 |
|---|---|
| Payment date ³ | 31 March 2008 |
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Top 10 holdings
| 5% Treasury Gilt 2018 | 3.89% |
|---|---|
| MITCHELLS BUTL.5.574% 03-28/A2 | 2.23% |
| HIGHBURY FIN.7.017% 00-20.3.23 | 2.20% |
| FIRST HYDRO FINANCE 9% 96-21 | 2.04% |
| PUNCH TAVERNS 7.274%98-22/-A4- | 1.95% |
| HBOS PLC 6.305(TV) 07-18.10.17 | 1.92% |
| HSBC HOLDINGS 6.75% 08-11.9.28 | 1.80% |
| MARKS & SPEN.6.875%07-13.12.37 | 1.78% |
| BAA FDG 5.225%(FRN)08-15.2.25 | 1.78% |
| HSBC HLD 6.375%(TV)07-18.10.22 | 1.71% |
Top 10 sectors
| Bonds | 99.87% |
|---|---|
| Non-Classified | 0.22% |
| Cash and Equiv. | -0.10% |
Top 10 countries
| United Kingdom | 73.00% |
|---|---|
| United States | 7.59% |
| Ireland | 6.16% |
| Netherlands | 4.16% |
| Non-Classified | 3.05% |
| Australia | 2.33% |
| France | 1.39% |
| Luxembourg | 1.18% |
| Sweden | 0.63% |
| Japan | 0.60% |
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 01-12-2008. Data accurate as at 31/10/2008.
