Jupiter Strategic Bond Accumulation

Sell : 48.05p | Buy : 50.52p | up 0.01p
Last valuation as at 29-08-2008

Also available as income units

At a glance

Initial charge 4.00%
Initial saving 3.75%
Annual charge 1.25%
Annual saving 0.100% ²
Total Expense Ratio 1.58%
Launch date 02-06-2008
Launch price £0.50
Sector UK Other Bond
Fund size £63 million
Number of holdings 50
Fund type Unit Trust
Type of units Accumulation

HL Research - Our view on this Fund

Mark Dampier It has been an interesting period for corporate bonds following the market volatility and an economic slowdown. Valuations and yields are looking extremely attractive in many areas of the bond market and we believe there is potential for solid long term returns from the sector.

With this in mind Jupiter is looking to capture the opportunities in the bond market using the expertise of Ariel Bezalel. He has over 10 years experience in bond markets and has co-managed the bond portion of the Jupiter Global Managed Fund and the Jupiter High Income Fund.

The fund can exploit opportunities across the bond spectrum ranging from higher risk, high yield bonds to the higher quality areas of the market. There will be a minimum of 20% in high yield bonds although at launch the expected asset allocation is likely to be 60% in high yield bonds.

At launch there is also likely to be a bias in the European market and the manager will look to take advantage of the financial sector where many bonds are offering attractive growth prospects.

Full research

About the Fund Manager

Photo of Ariel Bezalel

Ariel Bezalel
Located in: London


Ariel joined Jupiter in 1998 and is currently a Fund Manager within the Fixed Interest Team. He manages the Jupiter Strategic Bond Fund and also has the responsibility for co-managing the Jupiter Monthly Income Fund (unit trust - fixed interest component), Jupiter High Income Fund (unit trust - fixed interest component) and Jupiter Global Managed Fund (unit trust - fixed interest component).

 

Income details

Running yield N/a
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

Rentokil Initial 6.125% 19/11/08 5.23%
Canandaigua Brands 8.5% 15/11/09 4.80%
VNU 5.625% 20/05/10 2.45%
DnB NOR Bank 7.25% Vrn 23/06/20 2.38%
Linde Finance 8.125% Vrn 14/07/66 2.21%
AIG 8.625% 22/05/38 2.20%
Allied Domecq 6.625% 12/06/14 2.18%
ING Bank 29/05/23 2.17%
National Australia Bank 7.125% 12/06/13 2.03%
Glencore Finance 6.5% 27/02/19 2.03%

Top 10 sectors

Bonds 72.93%
Cash and Equiv. 27.07%

Top 10 countries

United Kingdom 31.28%
Cash and Equiv. 27.07%
United States 11.88%
Netherlands 9.46%
Norway 6.38%
Australia 5.23%
Luxembourg 2.03%
Germany 2.00%
Ireland 1.62%
Denmark 1.55%

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 29-08-2008. Data accurate as at 30/06/2008.

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