INVESTMENT GRADE CORPORATE BOND UNIT TRUST
|
|
- Tracey Lindsey
- 8 years ago
- Views:
Transcription
1 INVESTMENT GRADE CORPORATE BOND UNIT TRUST FOR THE PERIOD ENDED 31 MARCH 2014
2 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: (Authorised and regulated by the Financial Conduct Authority) Directors of the Manager D. C. Bellamy A. M. Croft I. S. Gascoigne D. J. Lamb Secretary of the Manager St. James's Place Administration Limited Investment Adviser Loomis, Sayles & Company L.P. One Financial Center Boston, MA United States of America (Authorised and regulated by the Securities and Exchange Commission) Trustee BNY Mellon Trust & Depositary (UK) Limited 160 Queen Victoria Street London, EC4V 4LA United Kingdom (Authorised and regulated by the Financial Conduct Authority) Registrar International Financial Data Services (UK) Limited IFDS House St. Nicholas Lane Basildon, SS15 5FS United Kingdom (Authorised and regulated by the Financial Conduct Authority) Auditor PricewaterhouseCoopers LLP Atria One 144 Morrison Street Edinburgh, EH3 8EX United Kingdom Prospectus and Manager's Reports Copies of the up to date Prospectus (Scheme Particulars) and latest Manager's Report and Financial Statements for the range of St. James's Place Unit Trusts can be requested from a member of the St. James's Place Partnership or, at any time during normal business hours, from the Administration Centre at PO Box 9034, Chelmsford CM99 2XA. Freephone:
3 Report of the Manager During the period under review, 1 October 2013 to 31 March 2014, the St. James's Place Investment Grade Corporate Bond Unit Trust Income unit offer price fell by 0.5% from 132.1p to 131.5p and the Accumulation unit offer price (in which revenue is reflected in the price rather than distributed) rose by 0.8% from 156.5p to 157.7p. On the 28 May 2014, the latest available date before the printing of this report, the Income unit offer price was 132.5p and the Accumulation unit offer price was 159.8p. The estimated yield was 3.27%. The Trust's Performance The performance of the Trust since its launch in April 2009 and over the period under review is shown below, together with figures for the most commonly quoted indices in comparable markets where the major proportion of the Trust has been invested. St. James's Place Investment Grade Corporate Bond Unit Trust Income units (offer to offer) Accumulation units (offer to offer) Indices - actual Merrill Lynch Sterling Non-Gilts All Stocks Index Source: Lipper for Fund returns 06/04/09 to 30/09/13 to 31/03/14 31/03/14 % change % change REMEMBER THAT THE PRICE OF UNITS AND REVENUE FROM THEM MAY GO DOWN AS WELL AS UP. PLEASE BE AWARE THAT PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE. Investment Adviser's Comments For the six months ending 31 March 2014, the portfolio has benefited from yield-curve positioning, although security selections have combined to hinder performance relative to the Merrill Lynch Sterling Non-Gilts, 25% FINCL Cap, 1-15yrs Index ( the index ). The UK investment-grade credit market continued to perform well relative to gilts. The market has been supported by an improving economic situation in the UK and ongoing banking sector repair. Overall, there is steady economic recovery underway, highlighted by manufacturing and unemployment, which has been on the decline. Consumption remains a key growth driver, with capital expenditure showing signs of improvement as well. Security selections have been detrimental to relative performance. Choices within the insurance, services, banking and utility sectors have weighed particularly heavily on results when compared to the index. Issuers tied to water services underperformed in a tough political and regulatory environment for the business segment. However, these losses were partially mitigated by preferences within the technology & electronics, real estate and communications sectors. More specifically, names in the cable and telecom industries added value, including sterling-issued bonds by Comcast, Telefonica, and Telecom Italia. Sector-allocation decisions have had a mixed impact on relative performance. Underweight exposure to government-related issuers (supranational organizations and government agencies) contributed positively to relative performance. Value added was offset by overweight exposure to the automotive, capital goods, communications, consumer goods and energy industries. We continue to prefer corporate bonds over government-related issues as outperformance would be expected if the global economy gains traction and private sector balance sheets remain healthy. Overall, portfolio duration remains closely aligned with that of the index, generally neutral with a slight bias towards the longer end of the curve. UK yields are expected to rise gradually over the course of 2014, as growth and inflation paths take hold while easier monetary policy partially subsides. The Bank of England may be one of the first developed central banks to implement a rate hike, but this is not being priced in until 2015 as policymakers seek to support real income growth and household balance sheets. Loomis, Sayles & Company L.P. 08 April
4 Performance Record The St. James's Place Investment Grade Corporate Bond Unit Trust was first offered on 6 April 2009 at an offer price of p per unit. Unit Price History and Record of Net Distributions Paid/Payable The record of net distributions paid/payable per unit is shown below: Income Calendar year * Accumulation Calendar year * Net revenue distributed Highest Lowest per 1,000 Invested Offer Bid per unit at 06/04/09 p p p Net revenue distributed Highest Lowest per 1,000 Invested Offer Bid per unit at 06/04/09 p p p Net Asset Values Income Year ended September * Accumulation Year ended September * Market NAV NAV Units in Issue of Class per Unit '000 p 27,899,439 32, ,480,194 56, ,324,164 66, ,869,950 71, Market NAV NAV Units in Issue of Class per Unit '000 p 303,632, , ,552, , ,376, , ,316, , Ongoing Charges Figure The Ongoing Charges Figure for the period ended 31 March 2014 was 1.30% (30 September 2013: 1.30%). The Ongoing Charges Figure ('OCF') is the total expenses paid by the Trust in the period, annualised, against its average net asset value. It excludes the cost of buying or selling assets for the Trust (unless these assets are shares of another trust). The OCF can fluctuate as underlying costs change. * To 31 March
5 Performance Record (continued) Risk and Reward Profile The synthetic risk and reward indicator for the St. James s Place Investment Grade Corporate Bond Unit Trust, as disclosed in its most recent Key Investor Information Document (KIID), is a 4. It was calculated using performance data up to 3 February The risk category is recalculated weekly and for the last thirteen weeks of the period under review the risk category changed from a category 4 to a category 3. Please note that if the risk category consistently remains as a category 3 for a four month period, the KIID will be amended from a category 4 accordingly. 4
6 Investment Assets as at 31 March 2014 (unaudited) Security Holdings Market Value 000 % of Net Assets STERLING DENOMINATED BONDS (97.42%) 923, Allianz Finance II 4.5% 13/03/2043 3,400,000 3, Allied Domecq Financial Services 6.625% 12/06/2014 2,400,000 2, American International 5% 26/04/2023 7,400,000 8, Anglian Water Osprey Financing 7% 31/01/2018 2,700,000 2, Anheuser-Busch InBev 6.5% 23/06/ ,104,000 14, Anheuser-Busch InBev 4% 24/09/2025 1,000,000 1, Asciano Finance 5% 19/09/2023 3,500,000 3, AT&T 5.875% 28/04/2017 7,000,000 7, Aviva 6.625% 03/06/2041 9,200,000 10, AXA 7.125% 15/12/2020 5,265,000 6, AXA 5.625% 16/01/2054 2,595,000 2, BAE Systems 4.125% 08/06/2022 9,900,000 10, Bank of America 5.5% 22/11/2021 8,100,000 8, Bank of Scotland 10.5% 16/02/2018 9,500,000 11, Bank of Scotland 6.375% 16/08/2019 2,680,000 2, Barclays Bank 5.75% 14/09/ ,414,000 22, BG Energy Capital 5.125% 07/12/2017 9,600,000 10, BHP Billiton Finance 3.25% 25/09/ ,100,000 10, BMW Finance 3.375% 14/12/2018 9,300,000 9, BNP Paribas 5.75% 24/01/2022 4,270,000 4, Bouygues 5.5% 06/10/2026 4,150,000 4, BP Capital Markets 4.325% 10/12/2018 9,500,000 10, British American Tobacco 5.5% 15/09/2016 9,600,000 10, British Sky Broadcasting 6% 21/05/2027 5,800,000 6, British Telecommunications 6.625% 23/06/ ,300,000 11, BSKYB Finance UK 5.75% 20/10/2017 3,500,000 3, BUPA Finance 5% 25/04/2023 5,400,000 5, Carlsberg Breweries 7.25% 28/11/ ,500,000 13, Centrica 4.375% 13/03/ ,605,000 15, Citigroup 5.5% 18/11/2015 2,500,000 2, Citigroup 7.625% 03/04/2018 5,140,000 6, Comcast 5.5% 23/11/2029 3,300,000 3, Commonwealth Bank of Australia 3% 04/09/2026 3,000,000 2, Co-Operative Bank 4.75% 11/11/2021 3,735,000 3, Daimler International Finance 3.5% 06/06/ ,839,000 16, Deutsche Bahn Finance 1.375% 30/10/ ,118,000 14, Deutsche Bahn Finance 3.125% 24/07/ ,470,000 10, Deutsche Telekom International Finance 6.5% 17,860,000 21, /04/2022 Direct Line 9.25% 27/04/2042 2,900,000 3, Eastern Power Networks 4.75% 30/09/ ,000,000 10, Enel 6.25% 20/06/2019 2,600,000 2, Enel Finance International 5.625% 14/08/2024 8,000,000 8, ENW Finance 5.875% 21/06/2021 3,268,000 3, European Investment Bank 4.375% 08/07/ ,000,000 12, European Investment Bank 4.75% 15/10/2018 9,300,000 10, Experian Finance 3.5% 15/10/2021 4,050,000 4, FCE Bank 4.825% 15/02/2017 3,800,000 4, FCE Bank 3.25% 19/11/2020 3,200,000 3, Finmeccanica Finance 8% 16/12/2019 1,400,000 1, Gatwick Funding 4.625% 27/03/2036 2,650,000 2, GDF Suez 6.125% 11/02/2021 7,600,000 8, GE Capital UK Funding 4.375% 31/07/2019 7,706,000 8, GE Capital UK Funding 4.125% 13/09/2023 2,500,000 2, Glencore Finance Europe 6% 03/04/2022 3,500,000 3,
7 Investment Assets (continued) as at 31 March 2014 (unaudited) Security Holdings Market Value 000 % of Net Assets Goldman Sachs 6.125% 14/02/2017 1,400,000 1, Goldman Sachs 4.25% 29/01/2026 1,785,000 1, Hammerson 6% 23/02/2026 5,100,000 5, Health Care REIT 4.8% 20/11/2028 5,250,000 5, Heathrow Funding 5.225% 15/02/2025 4,700,000 5, Heathrow Funding 4.625% 31/10/2048 2,850,000 2, HJ Heinz Finance 6.25% 18/02/2030 4,033,000 4, Holcim GB Finance 8.75% 24/04/2017 4,000,000 4, HSBC Bank 5.375% 04/11/ ,800,000 12, Hutchison Whampoa Finance UK 5.625% 7,000,000 7, /11/2017 Hutchison Whampoa Finance UK 5.625% 5,300,000 6, /11/2026 Iberdrola Finanzas 7.375% 29/01/2024 3,800,000 4, Imperial Tobacco Finance 5.5% 22/11/ ,300,000 18, Imperial Tobacco Finance 4.875% 07/06/2032 2,400,000 2, Johnson & Johnson 5.5% 06/11/2024 4,300,000 5, JPMorgan Chase 3.5% 18/12/2026 8,200,000 7, KFW 5.55% 07/06/ ,800,000 20, Linde Finance 6.5% 29/01/ , Linde Finance 5.875% 24/04/2023 4,300,000 5, Lloyds Bank 5.5% 25/09/2016 5,247,000 5, London Power Networks 5.125% 31/03/ ,895,000 15, Macquarie Bank 3.5% 18/12/ ,150,000 10, MetLife 5.375% 09/12/2024 5,300,000 5, Motability Operations 6.625% 10/12/2019 1,750,000 2, Motability Operations 5.375% 28/06/2022 2,500,000 2, Muenchener Rueckversicherungs 7.625% 21/06/2028 7,975,000 9, National Westminster Bank 6.5% 07/09/2021 3,000,000 3, Network Rail Infrastructure Finance 1% 07/12/2017 6,590,000 6, Network Rail Infrastructure Finance 4.625% 56,605,000 63, /07/2020 Nordea Bank 2.125% 13/11/2019 4,500,000 4, Northern Gas Networks Finance 4.875% 30/06/2027 8,000,000 8, Northumbrian Water Finance 6% 11/10/2017 2,560,000 2, Orange 5% 12/05/2016 8,400,000 8, Pearson Funding One 6% 15/12/2015 6,200,000 6, Petrobras Global Finance 5.375% 01/10/2029 4,000,000 3, Porterbrook Rail Finance 4.625% 04/04/2029 3,500,000 3, Prudential 6.875% 20/01/2023 1,100,000 1, Rabobank Nederland 4% 10/09/2015 3,370,000 3, Rabobank Nederland 5.25% 14/09/2027 4,000,000 4, Reed Elsevier Investments 5.625% 20/10/2016 7,150,000 7, RL Finance Bonds No % 30/11/2043 2,200,000 2, Roche Finance Europe 5.375% 29/08/2023 5,039,000 5, Royal Bank of Scotland 6.625% 17/09/2018 2,000,000 2, Scottish Widows 5.5% 16/06/2023 2,000,000 2, Severn Trent Utilities Finance 3.625% 16/01/2026 9,530,000 9, SGSP Australia Assets 5.125% 11/02/2021 4,450,000 4, Siemens Financieringsmaatschappij 2.75% 9,400,000 8, /09/2025 Southern Gas Networks 4.875% 21/12/2020 7,700,000 8, Southern Gas Networks 4.875% 21/03/2029 2,550,000 2, Southern Water Services Finance 4.5% 31/03/2038 7,300,000 7, Standard Chartered Bank 7.75% 03/04/ ,000,000 12, Svensk Exportkredit 1.875% 21/12/ ,000,000 19, Svenska Handelsbanken 3% 20/11/2020 3,000,000 3,
8 Investment Assets (continued) as at 31 March 2014 (unaudited) Security Holdings Market Value 000 % of Net Assets Telecom Italia 5.875% 19/05/ ,200,000 10, Telefonica Emisiones 5.289% 09/12/2022 9,900,000 10, Total Capital 3.875% 14/12/2018 7,000,000 7, Transport for London 2.25% 09/08/ ,000,000 10, Unilever 2% 19/12/2018 4,000,000 3, United Utilities Water 5.375% 14/05/2018 4,700,000 5, Verizon Communications 4.75% 17/02/2034 8,350,000 8, Virgin Media Secured Finance 6% 15/04/2021 1,600,000 1, Virgin Media Secured Finance 5.5% 15/01/2025 4,800,000 4, Volkswagen Financial Services 1.25% 15/12/2016 7,990,000 7, Volkswagen Financial Services 2.625% 22/07/2019 6,860,000 6, Volkswagen Financial Services 2.75% 02/10/2020 9,000,000 8, Wells Fargo 3.5% 12/09/2029 1,600,000 1, Wessex Water Services Finance 4% 24/09/2021 7,232,000 7, Western Power Distribution West Midlands 3.875% 9,000,000 8, /10/2024 Westfield UK & Europe Finance 4.25% 11/07/2022 7,000,000 7, WPP 6% 04/04/ ,300,000 11, NON EQUITY INVESTMENT INSTRUMENTS (0.24%) 8, St. James's Place Money Market Unit Trust L Acc 7,837,303 8, DERIVATIVES (-0.08%) (92) (0.01) Futures UK Long Gilt Futures June 2014 (340) (92) (0.01) Investment assets^ 931, Total other assets (net) 20, Net assets 951, Comparative figures shown in brackets relate to 30 September All investments are approved securities as defined in the Collective Investment Schemes sourcebook unless otherwise stated. Derivative contracts were traded on an eligible derivatives exchange. During the period under review the Manager decided to place some of the sterling cash held on deposit into the St. James s Place Money Market Unit Trust in order to spread risk across a number of institutions. The St. James s Place Money Market Unit Trust is highly liquid and is rated AAA by Standard & Poors. This investment is a related party. ^ Including investment liabilities of ( 91,800). Summary of Investment Assets by Credit Ratings Rating Block Investment grade 891, Speculative grade 28, Unrated 3, Total bonds 923, Other 28, Net assets 951,
9 Material Portfolio Changes Cost Purchases 000 UK Long Gilt Futures March ,028 St. James's Place Money Market Unit Trust L Acc 94,151 UK Long Gilt Futures December ,639 Network Rail Infrastructure Finance 4.625% 21/07/ ,545 Svensk Exportkredit 1.875% 21/12/ ,890 Deutsche Telekom International Finance 6.5% 08/04/ ,541 Centrica 4.375% 13/03/ ,748 London Power Networks 5.125% 31/03/ ,193 Network Rail Infrastructure Finance 1% 07/12/ ,849 Macquarie Bank 3.5% 18/12/ ,113 Proceeds Sales 000 UK Long Gilt Futures March ,566 St. James's Place Money Market Unit Trust L Acc 88,194 Network Rail Infrastructure Finance 1% 07/12/ ,200 UK Long Gilt Futures June ,087 SSE 5% 01/10/ ,909 European Investment Bank 4.75% 15/10/ ,188 Tesco 5% 24/03/ ,923 Vodafone 5.375% 05/12/ ,917 Northumbrian Water Finance 6% 11/10/2017 9,375 Deutsche Telekom International Finance 4.875% 23/09/2014 9,090 This investment is a related party. 8
10 Statement of Total Return for the period 01 October 2013 to 31 March 2014 (unaudited) Income Net capital gains Revenue Expenses Finance costs: Interest Net revenue before taxation Taxation Net revenue after taxation Total return before distributions Finance costs: Distributions Change in net assets attributable to unitholders from investment activities 01/10/13 to 31/03/14 01/10/12 to 31/03/ ,127 12,427 14,883 12,346 (6,013) (5,063) (1) (1) 8,869 7, ,869 7,282 9,996 19,709 (14,460) (12,010) (4,464) 7,699 Statement of Change in Net Assets Attributable to Unitholders for the period 01 October 2013 to 31 March 2014 (unaudited) 01/10/13 to 31/03/14 01/10/12 to 31/03/ Opening net assets attributable to unitholders 905, ,505 Movement due to creation and cancellation of units: Amounts receivable on creation of units 66, ,863 Amounts payable on cancellation of units (26,090) (11,580) 39, ,283 Dilution levy charged 30 - Change in net assets attributable to unitholders from investment activities (see above) (4,464) 7,699 Retained distribution on accumulation units 10,852 9,194 Closing net assets attributable to unitholders 951, ,681 Comparative information is provided for the Statement of Change in Net Assets Attributable to Unitholders. Since this information is for the prior interim period, the net assets at the end of that period do not correspond to the net assets at the start of the current period. The prices per unit as at 31 March 2014 (unaudited) were: Income units Accumulation units Bid Offer p p
11 Balance Sheet as at 31 March 2014 (unaudited) Assets Investment assets Debtors Cash and bank balances Total other assets Total assets 31/03/14 30/09/ , ,370 30,810 26,423 9,142 7,285 39,952 33, , ,078 Liabilities Investment liabilities (92) (743) Creditors (18,939) (10,975) Distribution payable on income units (881) (826) Total other liabilities (19,820) (11,801) Total liabilities Net assets attributable to unitholders Accounting and Distribution policies for the period 01 October 2013 to 31 March 2014 (unaudited) Basis of accounting (19,912) (12,544) 951, ,534 The interim financial statements have been prepared on the same basis as the audited annual financial statements for the year ended 30 September They have been prepared under the historical cost basis, as modified by the revaluation of investments, and in accordance with the Statement of Recommended Practice (SORP) for Financial Statements of Authorised Funds issued by the Investment Management Association (IMA) in October 2010 (the IMA SORP 2010). Directors' Certificate This report is certified in accordance with the requirements of the rules in the Financial Conduct Authority's Collective Investment Schemes Sourcebook. Directors A. M. Croft D. J. Lamb London 29 May
12 Distribution Tables Distributions in pence per unit Group 1 First interim Units purchased prior to 1 October 2013 Second interim Units purchased prior to 1 January 2014 Group 2 First interim Units purchased on or after 1 October 2013 to 31 December 2013 Second interim Units purchased on or after 1 January 2014 to 31 March 2014 Income Gross revenue Income tax Net revenue Equalisation Distributions paid to/ payable 31/07/14 Distributions paid to 31/07/13 Group 1 (p) (p) (p) (p) (p) (p) First interim Second interim Group 2 (p) (p) (p) (p) (p) (p) First interim Second interim Accumulation Gross revenue Income tax Net revenue Equalisation Distributions paid to/ payable 31/07/14 Distributions paid to 31/07/13 Group 1 (p) (p) (p) (p) (p) (p) First interim Second interim Group 2 (p) (p) (p) (p) (p) (p) First interim Second interim
13 General Information The Trust St. James's Place Investment Grade Corporate Bond Unit Trust is an authorised Unit Trust scheme under section 243 of the Financial Services and Markets Act (2000) and is constituted by a Trust Deed dated 2 April The Unit Trust is subject to the rules of the Financial Conduct Authority's Collective Investment Scheme Sourcebook and is classified as a UCITS Scheme. The Trust Manager The Manager of the Trust is St. James's Place Unit Trust Group Limited which is a member of the IMA and is authorised and regulated by the Financial Conduct Authority. Investment Objectives The investment objective of the Scheme is to provide an optimum balance of income generation and capital appreciation. To achieve this, the Scheme will invest predominantly in a portfolio of investment grade* UK and EC company debt securities. The Scheme is also permitted to invest in other asset classes permitted for UCITS Schemes including transferable securities, money market instruments, cash and near cash, units in collective investment schemes, deposits, and derivative and forward transactions for the purposes of efficient portfolio management (including hedging). * Investment grade requires a credit rating equivalent to no lower than a 'BBB minus' from the ratings agency Standard & Poor's. It is the Manager's intention that the assets of the Unit Trust will be invested so that the Unit Trust will be eligible for inclusion in an ISA. Non-Resident Unitholders - European Union Savings Directive Unitholders resident in most European Union countries (not UK) should be aware that the Trust is covered by the European Union Savings Directive. The Manager is required to identify and report your distributions and repurchase transactions to the UK tax authorities, who are in turn required to pass this information to most other European Union national tax authorities. Efficient Portfolio Management The efficient portfolio management techniques permitted in the fund as at 31 March 2014 comprise of: Technique Counterparty Exposure ( ) Exchange Traded JP Morgan Chase Bank N.A. (37,179,000) Futures The revenues in the period were nil with no collateral placed or received. Unit Dealings Dealings on the Trust take place on a daily basis. Purchase or sale instructions can be made by telephone or in writing to St. James's Place Unit Trust Group Limited, PO Box 9034, Chelmsford, CM99 2XA, United Kingdom, freephone: The Manager adopts a policy of forward pricing, i.e. the order will be transacted on the dealing day following receipt of the client's instructions, or if received before noon, on that dealing day. In the case of telephone purchases of units from the Manager, settlement must be by return of post after receipt of the contract note. In the case of telephone redemptions, the proceeds will not become payable until the receipt at the Administration Centre of a written request. A contract note confirming the subscription or redemption price and the number of units involved will be forwarded, together with a cancellation notice, where appropriate, on the next business day. The most recent issue and redemption prices will be published on the Manager's website: and are available by calling the Administration Centre on
14 General Information (continued) Minimum Investment The minimum lump sum investment is 1,500, thereafter the minimum additional investment is 1,000. The minimum monthly investment is 150 and the minimum monthly increment is 50. The minimum annual investment is 1,500 and the minimum annual increment is 500. Management Charges The Trust Deed permits the following management charges which are receivable by the Manager: (a) A Preliminary Charge of 5 per cent which is included in the offer price of the Units. (b) An Annual Management Charge at a rate of 1.21 per cent of the value of the Trust. Income Distributions Income distributions are made quarterly on or before the 31 January, 30 April, 31 July and 31 October. Accumulation Distributions Revenue due to accumulation unitholders is reflected in the price of their units. Tax Vouchers Income unitholders that receive income distributions by direct credit and accumulation unitholders (where the distribution income is reinvested) receive an annual consolidated tax voucher in May with all the relevant payment and tax information required to complete a tax return. Tax vouchers will be enclosed if income unitholders receive payment by cheque. Report A report is sent semi-annually to all unitholders on or before 31 May and 30 November. Capital Gains Tax The Trust is not liable to tax on capital gains and any individual holding units will not be liable to capital gains tax unless the total chargeable gains for the tax year 2014/2015 exceed 11,000 (2013/ ,900). To calculate capital gains on accumulation units, the total amount of reinvested net revenue (shown on the annual tax credit vouchers) should be added to the base cost of the units purchased. Unitholders should consult their professional advisers for any advice regarding their tax position. 13
15 St. James s Place Unit Trust Group Ltd is authorised and regulated by the Financial Conduct Authority. St. James s Place Unit Trust Group Ltd Registered Office: St. James s Place House, 1 Tetbury Road, Cirencester, Gloucestershire, GL7 1FP, United Kingdom. Registered in England Number Perivan Financial Print Investment Grade Corporate Bond (5/14)
INTERNATIONAL EQUITY UNIT TRUST
INTERNATIONAL EQUITY UNIT TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2014 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised
More informationCONTINENTAL EUROPEAN UNIT TRUST
CONTINENTAL EUROPEAN UNIT TRUST FOR THE YEAR ENDING 30 SEPTEMBER 2015 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised
More informationPROPERTY UNIT TRUST FOR THE PERIOD ENDED 31 MARCH 2014
PROPERTY UNIT TRUST FOR THE PERIOD ENDED 31 MARCH 2014 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and regulated
More informationF&C High Income Fund Interim Report and Financial Statements For the period ended: 31.10.2015
Interim Report and Financial Statements For the period ended: 31.10.2015 Contents Page 1 Directory 2 Authorised Status* 3 Certification of Financial Statements by Directors of the Manager* 4 Manager's
More informationRBS Stakeholder Investment Fund ICVC. Annual Short Report. for the year ended 31 March 2015
RBS Stakeholder Investment Fund ICVC Annual Short Report for the year ended 31 March 2015 Table of Contents Report of the Authorised Corporate Director 1 Economic and Market Overview 2 Statistics 3 Major
More informationSchroder Income Fund. Interim Short Report 26 February 2015 to 25 August 2015
Schroder Income Fund Interim Short Report 26 February 2015 to 25 August 2015 Review of Investment Activities From 25 February 2015 to 25 August 2015 the price of A Accumulation units on a selling price
More informationMANAGED EQUITY & BOND UNIT TRUST
MANAGED EQUITY & BOND UNIT TRUST FOR THE YEAR ENDED 31 MARCH 2012 Prior to 12 September 2011 the Trust was called the St. James's Place Cautious Unit Trust. From 10 April 2012, the name changed to the
More informationTHREADNEEDLE MANAGED INCOME FUND
UNAUDITED INTERIM REPORT AND FINANCIAL STATEMENTS THREADNEEDLE MANAGED INCOME FUND AUGUST 2015 THREADNEEDLE MANAGED INCOME FUND COLUMBIATHREADNEEDLE.COM Contents Introduction... 2 Manager s Report*...
More informationWAY Fund Managers Limited Elite Income Plan Cash Trust
Fund Managers WAY Fund Managers Limited Elite Income Plan Cash Trust Interim Short Report for the period to 31 July 2013 Contents Page Report of the Investment Adviser 3 Portfolio Statement 4 Performance
More informationST. JAMES S PLACE UNIT TRUST GROUP
ST. JAMES S PLACE UNIT TRUST GROUP SUPPLEMENTARY INFORMATION DOCUMENT PARTNERS IN MANAGING YOUR WEALTH This document sets out terms and conditions which summarise how we will manage your investment. Words
More informationUK AND INCOME INVESTMENT FUNDS ICVC INTERIM LONG REPORT FOR THE SIX MONTH PERIOD ENDED 31 AUGUST 2015 (UNAUDITED)
UK AND INCOME INVESTMENT FUNDS ICVC INTERIM LONG REPORT FOR THE SIX MONTH PERIOD ENDED 31 AUGUST 2015 (UNAUDITED) Scottish Widows UK and Income Investment Funds ICVC The Company and Head Office Scottish
More informationSimplified Prospectus as at 1 January 2012. Threadneedle Investment Funds III ICVC Retail Class
Simplified Prospectus as at 1 January 2012 Threadneedle Investment Funds III ICVC Retail Class Threadneedle Investment Funds III ICVC Retail Simplified Prospectus 1 Contents 1. INTRODUCTION 2 2. FUND INFORMATION
More informationOmnis Portfolio Investments ICVC
Supplementary Information Document Omnis Portfolio Investments ICVC Valid as at 29 th January 2016 Issued by Omnis Investments Limited, Authorised and regulated by the Financial Conduct Authority Registered
More informationShort report For the period ended 30 June 2015
Short report For the period ended 30 June 2015 Short reports Architas MM Strategic Bond Fund For the period ended 30 June 2015 Investment objective The Fund aims to provide a return on your investment.
More informationSimplified Prospectus
Simplified Prospectus (Incorporating the ISA Terms & Conditions) FP Octopus Investment s Valid as at 1 st June 2015 Helping you decide What you should know before you invest This document gives you a summary
More informationLong Dated Corporate Bond Fund
Schroder Long Dated Corporate Bond Fund Interim Report and Accounts October 2015 Contents Schroder Long Dated Corporate Bond Fund Fund Information 1...............................................3 Investment
More informationST. JAMES S PLACE UNIT TRUST GROUP
ST. JAMES S PLACE UNIT TRUST GROUP SUPPLEMENTARY INFORMATION DOCUMENT PARTNERS IN MANAGING YOUR WEALTH This document sets out terms and conditions which summarise how we will manage your investment. Words
More informationSimplified Prospectus
Simplified Prospectus River and Mercantile Funds ICVC Incorporating the River and Mercantile UK Equity High Alpha Fund; the River and Mercantile UK Equity Smaller Companies Fund; the River and Mercantile
More informationSchroders Investment Trust ISA
April 2016 Key Features of the Schroders Investment Trust ISA The Financial Conduct Authority is the independent financial services regulator. It requires us, Schroders, to give you this important information
More informationCHARITY VALUE AND INCOME FUND ANNUAL REPORT AND ACCOUNTS
ANNUAL REPORT AND ACCOUNTS For the year ended 31 December 2010 CONTENTS PAGE Brief Details of the Scheme 2 Investment Adviser s Report 5 Top 10 Purchases and Sales 8 Portfolio Statement 9 Statistical Information
More informationWESLEYAN INTERNATIONAL TRUST MANAGER S HALF-YEAR SHORT REPORT 2015
WESLEYAN INTERNATIONAL TRUST MANAGER S HALF-YEAR SHORT REPORT 2015 Manager s Report November 2015 2 International Trust Manager s Half-Year Report 2015 MANAGER S REPORT Trust Review After a strong start
More informationM&G Corporate Bond Fund
M&G Corporate Bond Fund a sub-fund of M&G Investment Funds (3) Annual Short Report June 2015 For the year ended 30 June 2015 Fund information The Authorised Corporate Director (ACD) of M&G Investment Funds
More informationUK ABSOLUTE RETURN UNIT TRUST
UK ABSOLUTE RETURN UNIT TRUST FOR THE YEAR ENDING 31 MARCH 2015 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised
More informationAVIVA INVESTORS INVESTMENT FUNDS ICVC
AVIVA INVESTORS INVESTMENT FUNDS ICVC Prospectus Aviva Investors UK Fund Services Limited Registered in England and Wales under Registered Number IC14 This Prospectus is dated, and is valid as at 1 January
More informationTHREADNEEDLE INVESTMENT FUNDS ICVC
AUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS THREADNEEDLE INVESTMENT FUNDS ICVC MARCH 2015 THREADNEEDLE INVESTMENT FUNDS ICVC COLUMBIATHREADNEEDLE.COM Contents Company Information*... 3 Director s Report*...
More informationManagers annual short report for the year: 16 September 2013 to 15 September 2014. Ignis Managed Portfolio Fund
Managers annual short report for the year: 16 September 2013 to 15 September 2014 Ignis Managed Portfolio Fund Introduction to your short report Dear Investor, Welcome to your short report for the 12
More informationF&C Investment Funds ICVC Annual Report and Audited Financial Statements For the year ended: 30.04.2015
F&C Investment Funds ICVC Annual Report and Audited Financial Statements For the year ended: 30.04.2015 F&C Investment Funds ICVC Contents Page 1 Directory 2 Company Information* 3 Statement of Authorised
More informationThreadneedle UK Property Fund II Second Retail Share Class
Simplified Prospectus as at 1 December 2011 0 Threadneedle UK Property Fund Second Retail Simplified Prospectus Threadneedle UK Property Fund II Second Retail Share Class Threadneedle UK Property Fund
More informationONLINE INVESTMENTS OUR FUND RANGE AND INVESTMENTS.
ONLINE INVESTMENTS OUR FUND RANGE AND INVESTMENTS. Why is it important to read this document? This document explains the funds available for you to invest in through our Investment ISA, which is a Stocks
More informationSpecialist Investment Funds ICVC
Annual Report and Accounts Threadneedle Specialist Investment Funds ICVC April 2013 Threadneedle Specialist Investment Funds ICVC threadneedle.com Contents Company Information 2 Director s Report 3 Aggregated
More informationRBS Investment Options ICVC. Final Short Report. for the year ended 31 October 2014
RBS Investment Options ICVC Final Short Report for the year ended 31 October 2014 RBS Investment Options ICVC Final Short Report Table of Contents Report of the Authorised Corporate Director 2 Economic
More informationVanguard UK Short-Term Investment Grade Bond Index Fund
Vanguard UK Short-Term Investment Grade Bond Index Fund May 2013 LAUNCH BRIEFING Fund summary The Vanguard UK Short-Term Investment Grade Bond Index Fund expands the low-cost asset allocation building
More informationM&G Global High Yield Bond Fund
M&G Investment Funds (2) Annual Short Report July 2015 For the year ended 31 May 2015 M&G Global High Yield Bond Fund a sub-fund of M&G Investment Funds (2) INVESTMENT OBJECTIVE, POLICY AND APPROACH Note
More informationWESLEYAN GROWTH TRUST MANAGER S HALF-YEAR REPORT 2015
WESLEYAN GROWTH TRUST MANAGER S HALF-YEAR REPORT 2015 Manager s Report February 2016 2 Growth Trust Manager s Half-Year Report 2015 CONTENTS Manager s report*...4 General information*...6 Portfolio of
More informationTB WALKER Crips Corporate bond. Annual Short Report For the year ended 31 July 2014
TB WALKER Crips Corporate bond Annual Short Report For the year ended 31 July 2014 INVESTMENT OBJECTIVE & POLICY The investment objective of the Fund is to provide unitholders with a high income level
More informationPremier UK Money Market Fund
Premier UK Money Market Fund Fund Update - First Quarter 2013 MONEY MARKET The Premier UK Money Market Fund Need to know The Fund s Four Essential Characteristics: Aims to maximise returns from money market
More informationSupplementary Investor Information Document for the Clerical Medical Open Ended Investment Company
Supplementary Investor Information Document for the Clerical Medical Open Ended Investment Company This Supplementary Investor Information Document (SIID) is designed to be read alongside the relevant
More informationGlobal Dynamic Equity Fund
Global Dynamic Equity Fund half-yearly short report for the period 1 January 2010 to 30 June 2010 Terms in italics are explained in the glossary at the end of this document. fund objective The Fund aims
More informationThreadneedle Specialist Investment Funds ICVC
Simplified Prospectus (including important ISA Information) for investors in the United Kingdom December 2010 Threadneedle Specialist Investment Funds ICVC Threadneedle Specialist Investment Funds ICVC
More informationBlackRock UK Fund. For the six months ended 31 August 2015
INTERIM report BlackRock UK Fund For the six months ended 31 August 2015 About the Fund Manager BlackRock UK Fund Nick Little, CFA, Director and portfolio manager, is a member of the UK Equity team within
More information15 February 15 August. Expense Type 15.08.13 % B C G ACD s periodic charge Other expenses Ongoing charges figure 0.75 0.06 0.81
CF Canlife Corporate Bond Fund a sub-fund of CF Canada Life Investments Fund ACD s Annual Short Report for the period from 26 May 2012 to 15 August 2013 Investment Objective and olicy The investment objective
More informationThe Pinnacle Funds. Simplified Prospectus. December 11, 2009 Class A and Class F units and Class I units where noted. Money Market Fund.
The Pinnacle Funds Simplified Prospectus December 11, 2009 Class A and Class F units and Class I units where noted Money Market Fund Pinnacle Short Term Income Fund Bond Funds Pinnacle Income Fund Pinnacle
More informationShort report For the period ended 31 Dec 2015
Short report For the period ended 31 Dec 2015 Short reports Architas Diversified Global Income Fund For the period ended 31 Dec 2015 Investment objective The aim of the Fund is to provide you with an income,
More informationDistribution Number 40. Legal & General Cash Trust Interim Manager s Report for the period ended 5 August 2015 (Unaudited)
Distribution Number 40 Legal & General Cash Trust Interim Manager s Report for the period ended 5 August 2015 (Unaudited) Contents Page Number Manager s Investment Report 2 Authorised Status 4 Directors
More informationUBS Investment Funds ICVC Annual Report and Accounts. For the year ended 31 December 2014
UBS Investment Funds ICVC Annual Report and Accounts For the year ended 31 December 2014 Contents Introduction and Authorised Corporate Directors report 2 Statement of the Depositary s responsibilities
More informationRBS INVESTMENT FUNDS ICVC PROSPECTUS
RBS INVESTMENT FUNDS ICVC An Investment Company with Variable Capital Registered in England and Wales under Registered Number IC237 PROSPECTUS This Prospectus is dated, and is valid as at 21 July 2014
More informationThe Scottish Investment Trust PLC
The Scottish Investment Trust PLC INVESTOR DISCLOSURE DOCUMENT This document is issued by SIT Savings Limited (the Manager ) as alternative investment fund manager for The Scottish Investment Trust PLC
More informationMM Diversity Income Fund
Schroder MM Diversity Income Fund Final Report and Accounts February 2016 Contents Schroder MM Diversity Income Fund Fund Information 1...............................................3 Investment objective
More informationCF Walker Crips Global Growth Trust Annual Report and Financial Statements 31 January 2012
CF Walker Crips Global Growth Trust Annual Report and Financial Statements 31 January 2012 MANAGER Capita Financial Managers Limited Head Office: Ibex House 42 47 Minories London EC3N 1DX Telephone: 0870
More informationST. JAMES S PLACE UNIT TRUST AND ISA
ST. JAMES S PLACE UNIT TRUST AND ISA SUPPLEMENTARY INFORMATION DOCUMENT PARTNERS IN MANAGING YOUR WEALTH This document sets out terms and conditions which summarise how we will manage your investment.
More informationInvestment Funds. Supplementary Information Document (SID) Provided by RBS Collective Investment Funds Limited
Investment Funds Supplementary Information Document (SID) Provided by RBS Collective Investment Funds Limited About this document This document is designed to provide you with information about Investment
More informationFundsmith Equity Fund Supplementary Information Document
Fundsmith Equity Fund Supplementary Information Document Contents 1. Introduction 4 2. The Fund 6 3. Investment 8 4. Information for ISA holders 12 5. Information for Junior ISA holders 14 6. Additional
More informationPROPERTY UNIT TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2012
PROPERTY UNIT TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2012 Manager St. James's Place Unit Trust Group Limited P.O. Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationAlliance Trust Investment Funds ICVC Report & Accounts
Alliance Trust Investment Funds ICVC Report & Accounts For the period 1 January 2013 to 31 December 2013 www.alliancetrustinvestments.com Contents Alliance Trust Investment Funds ICVC Management and Administration
More informationFP Matterley Undervalued Assets Fund
FP Matterley Undervalued Assets Fund Short Report for the year ended 30 September 2014 Investment Objective and Policy The investment objective of the Fund is to achieve long-term capital growth. The Fund
More informationThe Charity Multi-Asset Fund. Final Report and Accounts March 2016
Final Report and Accounts March 2016 Contents The Charity Multi-Asset Fund Fund Information 1...............................................3 Investment objective and policy......................................3
More informationINSTITUTIONAL UK CORPORATE BOND FUND 31 DECEMBER 2015
pro.en.xx.2151231.gb25162.pdf INSTITUTIONAL UK CORPORATE BOND FUND 31 DECEMBER 215 Approach and Style The fund invests primarily in sterling denominated investment grade corporate bonds. Emphasis is put
More informationVanguard Investments Hong Kong Limited December 2015
PRODUCT KEY FACTS Vanguard FTSE Developed Europe Index ETF Vanguard Investments Hong Kong Limited December 2015 This is an exchange traded fund. This statement provides you with key information about this
More informationSupplementary Information Document
Schroders Supplementary Information Document April 2015 Schroders are required to provide you with important information to help you decide whether our Unit Trust / OEIC Funds are right for you. You should
More informationPRODUCT HIGHLIGHTS SHEET
This Product Highlights Sheet is an important document. Prepared on: 18 March 2016 It highlights the key terms and risks of this investment product and complements the Prospectus 1. It is important to
More informationSelected Investment Funds (SIF) Plan and Individual Savings Account (ISA) Product information February 2012
Selected Investment Funds (SIF) Plan and Individual Savings Account (ISA) Product information February 2012 2 Contents Questions and answers 3 Features of the SIF Account 4 Buying shares in your SIF Account
More informationFinEx Funds plc. CONDENSED INTERIM REPORT and UNAUDITED FINANCIAL STATEMENTS. For the 6 month period from 1 October 2012 to 31 March 2013
CONDENSED INTERIM REPORT and UNAUDITED FINANCIAL STATEMENTS For the Table of Contents Page Organisation 2 Investment Manager s Report 3 Statement of Comphrensive Income 4 Statement of Financial Position
More informationStocks & Shares ISA application
Stocks & Shares ISA application Here s what you need to read In this document: Key Facts about our services Stocks & Shares ISA brochure Stocks & Shares ISA Conditions Other documents: Key Investor Information
More informationPremier Corporate Bond Monthly Income Fund
Premier Corporate Bond Monthly Income Fund Fund update - first quarter 2016 For professional adviser use only and not for distribution to retail investors 2 Premier Corporate Bond Monthly Income Fund Need
More informationOUR FUND RANGE AND INVESTMENTS. e-investments
OUR FUND RANGE AND INVESTMENTS e-investments Why is it important to read this document? This document explains our investments, the funds available, how they are managed, their objectives and the associated
More informationKey features of the M&S Investment ISA and Investment Plan
M&S INVESTMENT ISA AND INVESTMENT PLAN Key features of the M&S Investment ISA and Investment Plan INTRODUCING THE HSBC WORLD SELECTION PORTFOLIOS The Financial Conduct Authority is the independent financial
More informationInvestment Funds Provided by RBS Collective Investment Funds Limited
Supplementary Information Document (SID) Investment Funds Provided by RBS Collective Investment Funds Limited About this document This document is designed to provide you with information about Investment
More informationKey Features and Terms and Conditions of the Stocks and
Stocks and Shares ISA April 2015 Key Features and Terms and Conditions of the Stocks and Shares ISA This document should be read in conjunction with an up-to-date Key Investor Information Document (KIID)
More informationINCOME AND GROWTH PORTFOLIO OEIC AND ISA FUNDS SUPPLEMENTARY INVESTOR INFORMATION DOCUMENT
INCOME AND GROWTH PORTFOLIO OEIC AND ISA FUNDS SUPPLEMENTARY INVESTOR INFORMATION DOCUMENT Incorporating the Terms and Conditions for the Scottish Widows Individual Savings Account (ISA) Important information
More informationGUARDIAN CANADIAN BOND FUND
GUARDIAN CANADIAN BOND FUND FINANCIAL STATEMENTS DECEMBER 31, 2010 March 11, 2011 PricewaterhouseCoopers LLP Chartered Accountants PO Box 82 Royal Trust Tower, Suite 3000 Toronto-Dominion Centre Toronto,
More informationKey Features of the Funds Portfolio and ISA Funds Portfolio
Key Features of the Funds Portfolio and ISA Funds Portfolio Global Investment Centre This is an important document. You need to read this before you invest in the Funds Portfolio and ISA Funds Portfolio
More informationUK 2 Investment Series Annual Report Authorised Corporate Director s Short Report. Issued May 2015 For the year 1 April 2014 to 31 March 2015
UK 2 Investment Series Annual Report Authorised Corporate Director s Short Report Issued May 2015 For the year 1 April 2014 to 31 March 2015 Contents 02 Invesco Perpetual Income Fund 12 Invesco Perpetual
More informationThe table below shows Capita Asset Services forecast of the expected movement in medium term interest rates:
Annex A Forecast of interest rates as at September 2015 The table below shows Capita Asset Services forecast of the expected movement in medium term interest rates: NOW Sep-15 Dec-15 Mar-16 Jun-16 Sep-16
More informationSUPPLEMENTARY INVESTOR INFORMATION DOCUMENT FOR THE HALIFAX COLLECTIVE INVESTMENT PLAN
INVESTMENTS SUPPLEMENTARY INVESTOR INFORMATION DOCUMENT FOR THE HALIFAX COLLECTIVE INVESTMENT PLAN Provided by HBOS Investment Fund Managers Limited This Supplementary Investor Information Document (SIID)
More informationMawer Canadian Bond Fund. Interim Management Report of Fund Performance
Interim Management Report of Fund Performance For the Period Ended June 30, 2015 This interim management report of fund performance contains financial highlights but does not contain either interim or
More informationSection 4: Treasury Management Strategy, Investment Strategy, Prudential Indicators and Minimum Revenue Provision Policy 2014/15
Section 4: Treasury Management Strategy, Investment Strategy, Prudential Indicators and Minimum Revenue Provision Policy 2014/15 Appendix E Annual Investment Strategy 2014/15 1. The Annual Investment Strategy
More informationM&G European High Yield Bond Fund
M&G European High Yield Bond Fund a sub-fund of M&G Investment Funds (3) Annual Short Report June 2015 For the year ended 30 June 2015 Fund information The Authorised Corporate Director (ACD) of M&G Investment
More informationInvestment Trust ISA and Savings Scheme Key features
Investment Trust ISA and Savings Scheme Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires
More informationCF Butterfield Investment Funds
CF Butterfield Investment Funds Simplified Prospectus Issued 13 October 2010 Introduction This Simplified Prospectus contains key information in relation to CF Butterfield Investment Funds (the Company
More informationM&G HIGH INCOME INVESTMENT TRUST P.L.C
This document is issued by M&G Securities Limited as the alternative investment fund manager (AIFM) of M&G High Income Investment Trust PLC (the "Company") solely in order to make certain information available
More informationSIMPLIFIED PROSPECTUS. PIMCO Funds: Global Investors Series plc CommoditiesPLUS Strategy Fund 9 February, 2010
SIMPLIFIED PROSPECTUS PIMCO Funds: Global Investors Series plc CommoditiesPLUS Strategy Fund 9 February, 2010 This Simplified Prospectus sets out information relating to the CommoditiesPLUS Strategy Fund
More informationJunior Gold, Class C Shares (ISIN Accumulation GB00B39RN474) This fund is managed by Marlborough Fund Managers Ltd
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationAMUNDI ETF MSCI GERMANY UCITS ETF
AMUNDI ETF MSCI GERMANY UCITS ETF Semi-Annual report September 2015 AMUNDI S UCITS Fund manager : AMUNDI Delegated fund accountant : CACEIS FUND ADMINISTRATION FRANCE Custodian : CACEIS BANK FRANCE Auditors
More informationImportant information on the main features of the Threadneedle Stockmarket ISA as at 1 November 2011
Important information on the main features of the Threadneedle Stockmarket ISA as at 1 November 2011 Key Features of the Threadneedle Stocks and Shares (Stockmarket) Individual Savings Account (B) Please
More informationOnline Investments. Our Fund Range and Investments
Online Investments Our Fund Range and Investments Why is it important to read this document? This document explains the funds available for you to invest in through our Investment ISA, which is a Stocks
More informationGartmore Retail Investment Fund Range
Simplified Prospectus Investment Funds Gartmore Retail Investment Fund Range Including Gartmore Investment Funds Series I, II, III, IV and V (Gartmore s Open-Ended Investment Companies), and the Gartmore
More informationKey Features of the Scottish Widows range of Open Ended Investment Company (OEIC) Funds
Mutual Funds Key Features of the Scottish Widows range of Open Ended Investment Company (OEIC) Funds Key Features These Key Features give you the main points about our range of Open Ended Investment Company
More informationCredit-Linked Notes. Nick Johal. Thursday 4 th June 2015
Credit-Linked Notes Nick Johal Thursday 4 th June 2015 Agenda Investing in Credit for DFMs issues and challenges What are the benefits of taking a synthetic credit exposure? What are the risks? Questions
More informationUnicorn Investment Funds. Open-Ended Investment Company. Supplementary Information Document
Unicorn Investment Funds Open-Ended Investment Company Supplementary Information Document This document is dated 29 June 2015 Issued by Unicorn Asset Management Limited (Unicorn) Unicorn is authorised
More informationInterim Report & Accounts (Unaudited) JPMorgan Fund III ICVC
Interim Report & Accounts JPMorgan Fund III ICVC 31 October 2013 Contents Authorised Corporate Director s (ACD) Report 2 Investment Adviser s Report for the six months ending 31 October 2013 3 Find out
More informationThis Prospectus is dated, and is valid as at 10 March 2014. Copies of this Prospectus have been sent to the FCA and the Depositary.
IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER. Allianz Global Investors Europe GmbH (acting by its UK branch), the authorised corporate
More informationRBS INVESTMENT OPTIONS ICVC PROSPECTUS
RBS INVESTMENT OPTIONS ICVC An Investment Company with Variable Capital Registered in England and Wales under Registered Number IC 000617 PROSPECTUS This Prospectus is dated, and is valid as at 21 July
More informationCredit Suisse Asset Management Limited UK Order Execution Policy December 2013
Credit Suisse Asset Management Limited UK Order Execution Policy December 2013 Table of Contents 1. General information about this Policy 1 2. CSAML s Core Best Execution Obligations 2 3. Placing Orders
More informationSTANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED
This document is issued by Standard Life Investments Property Income Trust Limited (the "Company") and is made available by Standard Life Investments (Corporate Funds) Limited (the AIFM ) solely in order
More informationSPECIALIST INVESTMENT FUNDS ICVC
AUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS THREADNEEDLE SPECIALIST INVESTMENT FUNDS ICVC APRIL 2015 THREADNEEDLE SPECIALIST INVESTMENT FUNDS ICVC COLUMBIATHREADNEEDLE.COM Contents Company Information*
More informationIndustrial and Commercial Bank of China Limited Dealing frequency: Daily on each business day *
APRIL 2016 This statement provides you with key information about Income Partners RMB Bond Fund (the Sub-Fund ). This statement is a part of the offering document and must be read in conjunction with the
More informationClose OLIM UK Equity Income Fund. (formerly known as CF OLIM UK Equity Trust)
Close OLIM UK Equity Income Fund (formerly known as CF OLIM UK Equity Trust) Annual Report & Financial Statements for the year ended 30 November 2014 (audited) Close OLIM UK Equity Income Fund is a Unit
More informationAnnual Short Report. IM OXIP Funds. For the period ended 31 May 2013. Fund Partners
Annual Short Report IM OXIP Funds For the period ended 31 May 2013 Fund Partners contents IM OXIP Diversified Growth Fund Page General Information 2 Contact Information 10 1 IM OXIP Funds General Information
More informationSupplementary Information Document. Artemis Investment Funds ICVC GBP
Supplementary Information Document Artemis Investment Funds ICVC GBP Supplementary Information Document Thank you for requesting information from Artemis. If you require an application form, or additional
More informationUK TRACKER FUND ISA (ONLINE) SUPPLEMENTARY INVESTOR INFORMATION DOCUMENT
UK TRACKER FUND ISA (ONLINE) SUPPLEMENTARY INVESTOR INFORMATION DOCUMENT Incorporating the Terms and Conditions for the Scottish Widows Individual Savings Account (ISA) Important information you need to
More information