Standard Life AAA Income Fund Retail Income Units
Also available as accumulation units
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.00% |
| Annual saving | 0.150% ² |
| Total Expense Ratio | 1.08% |
| Launch date | 06-04-1999 |
| Launch price | £0.50 |
| Sector | GBP Corporate Bond |
| Fund size | £202 million |
| Number of holdings | 37 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
This fund has held up well given the turmoil in both bond and equity markets this year. There has been a flight to quality and as this fund invests in the highest quality bonds it has been a beneficiary of this trend. Interestingly, the fund has recently taken positions in some financial bonds which the managers feel are now discounting defaults that are unlikely to occur. Yields are extremely attractive at current levels.
Full research
About the Fund Manager
Andrew Sutherland
Located in: Edinburgh
Since joining Standard Life in 1980, Andrew has gained considerable experience in managing Fixed Interest funds. Andrew's areas of responsibility have included managing Standard Life's segregated Pensions Fixed Interest portfolios, Standard Life's Irish Fixed Interest portfolios and the Gilt and Fixed Interest Unit Trust. Andrew also manages our successful Corporate Bond fund.
Income details
| Distribution yield | 3.80% |
|---|---|
| Underlying yield | 3.80% |
| 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 | 28 February 2008 |
|---|---|
| Payment date ³ | 30 April 2008 |
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Top 10 holdings
| Kreditanstalt fuer Wiederaufbau KFW 5 1/2 09/15/09 | 8.63% |
|---|---|
| 4¾% Treasury Stock 2020 | 5.46% |
| European Investment Bank 4.75% 2018 | 4.83% |
| European Investment Bank 4.375% 2015 | 4.44% |
| 1 1/8% Index-linked Treasury Gilt 2037 | 4.37% |
| European Investment Bank 4.875% 2016 | 4.25% |
| European Investment Bank EIB 5 3/8 06/07/21 | 3.91% |
| European Investment Bank EIB 5 5/8 06/07/32 | 3.77% |
| European Investment Bank EIB 5 1/2 04/15/25 | 3.55% |
| 4¼% Treasury Stock 2032 | 3.24% |
Top 10 sectors
| Bonds | 97.10% |
|---|---|
| Cash and Equiv. | 2.90% |
Top 10 countries
| United Kingdom | 36.80% |
|---|---|
| Luxembourg | 27.21% |
| Germany | 11.15% |
| France | 6.84% |
| Netherlands | 5.86% |
| United States | 4.11% |
| Cash and Equiv. | 2.90% |
| Belgium | 2.61% |
| Norway | 2.51% |
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 03-12-2008. Data accurate as at 31/10/2008.
