Charibond

ISIN
GB0005497853

Price (23.09.2016):
134.80

% Price Change
0.5

Fund objective and approach

Fund objective

Charibond provides a managed investment for the fixed interest portion of charities’ investment portfolios. The fund provides charities with an actively managed portfolio of gilt-edged and other fixed interest stocks and deposits designed to produce a high income while preserving capital value.

Investment approach

The Charibond Charities Fixed Interest Common Investment Fund (Charibond) is designed to provide an investment for the fixed interest portion of charities' portfolios. As a common investment fund, any charity registered in the UK can invest in Charibond, unless prohibited by its trust deed, under the provisions of the Charities Act 2011.

Charibond has an independent Board while M&G Securities Limited are the fund managers. The aim of Charibond is to provide charities with an actively managed fixed interest fund that invests in deposits, UK government bonds (gilts) and other sterling-denominated fixed interest securities, designed to produce a high income while preserving capital values.

Performance

The value of investments, and the income from them, will fluctuate. This will cause the Fund price to fall as well as rise and you may not get back the original amount you invested. There is no guarantee the fund objective will be achieved.

Source: Price: State Street. Performance: Morningstar. Performance figures are on a price to price basis with net income reinvested. Performance figures may not reflect all relevant charges.

Please note that the Morningstar Category performance data in this tool where shown, is from the default Morningstar database, which contains all the share classes for each fund available across Europe, Asia and Africa. This can differ from the comparative sector data in M&G factsheets which is from the same database, but showing only the most appropriate share class to represent each fund, and for just those funds available in Europe. Neither Morningstar nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web site, including, but not limited to Information originated by Morningstar, licensed by Morningstar from Information Providers, or gathered by Morningstar from publicly available sources. There may be delays, omissions, or inaccuracies in the Information.

 

Fund Team

Jamie Hamilton

Jamie Hamilton - Fund manager

Jamie Hamilton joined M&G in 2001 as a fund manager in the fixed income team managing a range of institutional corporate bond funds. Prior to joining M&G, Jamie worked for Dresdner RCM Global Investors as a fixed income fund manager, managing corporate bond funds. Jamie graduated from Newcastle University with a degree in economics and is a chartered financial analyst (CFA) charterholder.

 View profile
Richard Ryan

Richard Ryan - Deputy Manager

Richard Ryan joined M&G in 2001 as a fund manager in the fixed income team, managing a range of institutional corporate bond funds. He has responsibility for a number of M&G's sterling credit portfolios as well as its globally focused total return credit portfolios. Prior to joining M&G, Richard worked for Nomura Asset Management as an institutional fund manager with specific responsibility for global government and corporate bond portfolios. Before this, he worked for Dresdner Kleinwort Benson in the Credit Products Group trading sterling-denominated corporate bonds. Richard graduated from Southampton University with a degree in economics.

 View profile

Ratings

Rating is at a share class level

4 Star Rating

Ratings as at 31/08/2016. Copyright © 2015 Morningstar UK Limited. All Rights Reserved. Ratings should not be taken as a recommendation.

© 2016 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar Rating past performance is no guarantee of future results. For more detailed information about Morningstar Rating, including its methodology, please go to http://corporate.morningstar.com/US/documents/MethodologyDocuments/MethodologyPapers/MorningstarFundRating_Methodology.pdf For more detailed information about Morningstar's Analyst Rating, including its methodology, please go to http://corporate.morningstar.com/us/documents/MethodologyDocuments/AnalystRatingforFundsMethodology.pdf

Need further information?