The investment objective of the Fund is to maximise total returns (income plus capital). The Fund will seek to achieve its investment objective by investing primarily in investment grade government and corporate bonds in any currency which may be at a fixed or floating rate, rated or unrated. The Fund may also hold selected high yield bonds and cash.
Euan McNeil is an investment manager in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds as well as several institutional portfolios. Euan joined us in 2003 from Britannic Asset Management, where he worked in the corporate bond team. Prior to that, he was an international equities manager at Blairlogie Capital Management. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling. He has 20 years’ industry experience*.
Stephen Snowden is Co-Head of Fixed Income at Kames Capital. He specialises in investment grade credit and co-manages two investment grade bond funds and an absolute return bond fund. He rejoined Kames Capital in July 2011 from Old Mutual Asset Management where he managed a corporate bond fund. Stephen started his career with us in 1994, initially focusing on equities before moving to the fixed income team to manage corporate bond funds. He has a first class honours degree BSc Finance and an MSc Finance from Queens University Belfast. He has 24 years’ industry experience*.
|Cumulative Performance||3 Months||6 Months||1 Year||3 Year||5 Year|
|Kames Investment Grade Global Bond B Inc USD||2.87||9.88||12.39||11.72||49.50|
|1||EUR/USD FORWARD CONTRACT||25.43|
|2||10YR TNOTES SEP9||19.15|
|3||GBP/USD FORWARD CONTRACT||10.58|
|4||TIME/TERM DEPOSITS GENERAL SECURITY||8.34|
|5||APT PIPELINES 4.25% 07/15/27 SR:||1.77|
|6||HSBC CAP FUN DOL 10.18% SR:2||1.73|
|7||FLUOR 4.25% 09/15/28 SR:||1.71|
|8||COCA-COLA EURO 1.50% 11/08/27 SR:||1.51|
|9||SHELL INTL FIN 3.25% 05/11/25 SR:||1.50|
|10||AUTODESK 4.38% 06/15/25 SR:||1.49|
|Rank||Industry Sector||Weight %|
|1 Year||3 Year|
|Asset Universe||Mutual Funds|
|Asset Class||Fixed Income|
|Sector||Bond Global Corporates USD|
|Fund Size (AUM)||€ 160.91m ( 30/06/2019 )|
|NAV||10.99 ( 31/05/2019 )|
|Fund Manager(s)||Euan McNeil, Stephen Snowden|
|Total Expense Ratio||0.70 ( 30/04/2019 )|