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Alliance Trust Monthly Income Bond

Ranked 97 out of 108 in - Sterling Corporate Bond over 12 months
All calculations are in GBP

Managed by

Daniel Daldry

Stuart McMaster

Stuart Steven

Fixed interest specialist Stuart Steven has 11 years' experience in the industry. He started out as an assistant management accountant with RHM in 1988 and then moved to Dawson International, where he was assistant group treasurer. He moved into fund management with Britannic Asset Management in 1994 and headed its corporate bond team during a six-year spell there before Legal and General snapped him up in 2000. He was an associate director of corporate bonds at Legal & General, heading up the corporate bond team. He then moved to Scottish Widows Investment Partnership where he managed a number of fixed interest funds. Stuart now works at Alliance Trust, running the Mmonthly Income Bond Fund alongside Gareth Quantrill. Born in Cumbernauld, Scotland, he earned an accounting degree from Stirling University in 1988 and completed an MSc in investment analysis in 1998.

Objective

The Fund aims to produce a monthly income yield and the prospect of capital growth by investing in a portfolio of assets which predominately comprises corporate bonds, and also includes government bonds, whilst at the same time actively managing the interest rate exposure of the Fund. The Fund will pay interest distributions monthly.

Performance

Sterling Corporate Bond over : 30/11/2013 - 30/11/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 2.3% 1.8% 0.7%
2013 2.0% 1.9% -3.4% 2.6% 1.0%
2012 21.9% 7.3% -0.4% 9.0% 4.7%
2011 -1.0% 3.8% 0.4% -8.0% 3.2%
2010 4.7% -3.6%

Month by Month Performance

Returns Vs Risk

Fund Info

  • Launch date14/06/2010
  • Share Class size01Mn
  • Base currencyGBP
  • ISIN GB00B3T4T518

Purchase Info

  • Min. initial investment5,000
  • Min. additional investment0

Charges

  • Annual management1.0%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).