Category: Open Ended Investment Company
The fund aims to provide a combination of capital growth and income. Core investment: At least 70% of the fund is invested in high quality bonds issued or guaranteed by governments from anywhere in the world. Other investments: The fund may invest in lower quality bonds issued by governments or guaranteed by governments, other funds and cash or assets that can be turned into cash quickly. Derivatives: The fund may invest via derivatives and use derivatives to reduce the risks and costs of managing the fund. Strategy in brief: The fund manager selects investments based on an assessment of macroeconomic factors such as economic growth, interest rates and inflation. This analysis determines the individual government bonds from different countries in which the manager believes the fund should invest in order to achieve its objective. It also influences the currencies to which the fund is exposed. The fund manager is assisted in the selection of individual government bonds by the deputy fund manager and an in-house team of analysts. The fund is diversified by investing in a range of government bonds from across the globe. Benchmark: IA Global Bonds sector The benchmark is a comparator against which the fund’s performance can be measured. The sector has been chosen as the fund's benchmark as the fund is a constituent of the sector. The benchmark does not constrain the fund's portfolio construction. The fund is actively managed. The fund manager has complete freedom in choosing which investments to buy, hold and sell in the fund. For unhedged and hedged share classes, the benchmark is shown in the share class currency. You can find more information about the objective and investment policy of the fund in the Prospectus. You can find an explanation of some of the terms used in this document in the glossary at https://docs.mandg.com/docs/glossary-master-en.pdf Other information You can buy and sell shares in the fund on any business day. Instructions received before 11.30 CET will be dealt at that day’s price. Any income from the fund may be paid out to you semi-annually. In addition to the charges set out in the charges section, the fund will incur portfolio transaction costs which are paid from the assets of the fund. These can be higher when investing outside Europe. Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years.