Norwich Union Monthly Income Plus Class 1 Accumulation Units
Also available as income units
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.00% |
| Annual saving | 0.150% ² |
| Total Expense Ratio | 1.03% |
| Launch date | 02-05-1989 |
| Launch price | £0.50 |
| Sector | GBP Corporate Bond |
| Fund size | £299 million |
| Number of holdings | 131 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Exposure to bonds in the financial sector, and especially failed insurer AIG, led to disappointing performance in recent months. Having said that, all bond funds have suffered in turbulent markets.Full research
About the Fund Manager
Christopher Higham
Located in: London
Chris joined the firm ( as Morley Fund Management ) in December 2007.
Chris previously worked for Old Mutual Asset managers as a Fund Manager, having joined OMAM in 2005. At Old Mutual Chris was co-manager of the Old Mutual Dynamic Bond Fund and deputy manager of the Old Mutual Corporate Bond Fund. Prior to joining Old Mutual he was a Credit Analyst for Morley Fund Management from 1999.
Chris holds a BSc (Hons) in Economics from Durham University and the UKSIP Investment Management Certificate. He is also an associate member of the UK Society of Invement Professionals (ASIP) and a CFA charterholder
Income details
| Distribution yield | 7.46% |
|---|---|
| Underlying yield | 7.46% |
| Income paid | Monthly |
| 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 | 15 January 2008 |
|---|---|
| Payment date ³ | 27 February 2008 |
1 of 12 
Top 10 holdings
| Guoman Hotels 10 3/4% 1st Mortgage Debenture Stock 2014 | 4.02% |
|---|---|
| 5% Treasury Stock 2025 | 3.41% |
| 4¼% Treasury Stock 2036 | 2.86% |
| 4¾% Treasury Stock 2038 | 2.12% |
| France Telecom 6% 29/03/2012 | 2.11% |
| Rothschild Continuation Finance 9% | 1.64% |
| S Finance Preferred 7.005% 29/07/2049 | 1.63% |
| Barclays 6.875% 2015 | 1.58% |
| 4¾% Treasury Stock 2015 | 1.56% |
| Abu Dhabi Comm Bank 5.625% 11/11 | 1.53% |
Top 10 sectors
| Bonds | 95.75% |
|---|---|
| Non-Classified | 3.40% |
| Cash and Equiv. | 0.85% |
| Equity Investment Instruments | 0.00% |
Top 10 countries
| United Kingdom | 59.81% |
|---|---|
| United States | 11.68% |
| France | 4.91% |
| Netherlands | 4.81% |
| Italy | 3.92% |
| Ireland | 3.36% |
| Spain | 2.87% |
| Non-Classified | 2.43% |
| United Arab Emirates | 1.53% |
| Germany | 1.37% |
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.
