Ninety One Global Total Return Credit Fund

Select share classes

Ninety One Global Total Return Credit Fund I GBP Inc2

Category Global Flexible Bond - GBP Hedged
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This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

85.53p

arrow-up0.06p (+0.07%)

Fund Code

ICTII

BF4JM23

GB00BF4JM237

Prices updated as at 05 Jul 2024
|
Prices in GBX
Investment objective
The Fund aims to provide total returns comprised of income and capital growth over at least a full credit cycle (this objective may be measured over at least 5 years). The Fund targets a positive return of Overnight SONIA +4% before fees over a full credit cycle (which may be measured over 5-year rolling periods). The Fund invests primarily (at least two-thirds) in bonds (or similar debt-based assets) issued by borrowers around the world (including but not limited to emerging markets) and in related derivatives (financial contracts whose value is linked to the price of such bonds (or similar debt-based assets)).
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 31/05/2024

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

  • Interest rate risk

    Bond %
    Avg credit qualityBB
    Avg wtd coupon5.67
    Modified duration3.12

  • Credit quality breakdown

    Rating% of Bond
    AAA7.64
    AA7.05
    A17.11
    BBB32.8
    BB13.37
    B16.09
    Below B4.02
    Not Rated1.91

Valuation

Ninety One Global Total Return Credit Fund I GBP Inc2
Global Flexible Bond - GBP Hedged

-

-
0.98

-

-
0.26

-

-
0.53

-

-
14.04

Growth rate

Ninety One Global Total Return Credit Fund I GBP Inc2
Global Flexible Bond - GBP Hedged

-

-
9.73%

-

-
0.28%

-

-
15.13%

Top 10 holdings

1
5 Year Treasury Note Future Sept 24
Sector
-
Country
United States
% of assets
6.57736
2
10 Year Treasury Note Future Sept 24
Sector
-
Country
United States
% of assets
5.24657
3
Euro Bobl Future June 24
Sector
-
Country
Germany
% of assets
1.52269
4
Cimpress PLC 7%
Sector
-
Country
United States
% of assets
1.41087
5
BNP Paribas SA 2%
Sector
-
Country
France
% of assets
1.39067
6
Open Text Corp 6.9%
Sector
-
Country
United States
% of assets
1.19618
7
iShares $ Short Dur HY CorpBd ETF $ Dist
Sector
-
Country
Ireland
% of assets
1.09055
8
Euro Bund Future June 24
Sector
-
Country
Germany
% of assets
1.03808
9
CPUK Finance Limited 6.5%
Sector
-
Country
United Kingdom
% of assets
1.01942
10
Mileage Plus Hldgs Llc / Mileage Plus Intellectual Property Assets Ltd 6.5%
Sector
-
Country
United States
% of assets
1.00945
Assets in top 10 holdings %

21.50%

Total no. of equity holdings

-

Total no. of bond holdings

292.00

Stock sectors

Ninety One Global Total Return Credit Fund I GBP Inc2
Global Flexible Bond - GBP Hedged

0.00%

Basic materials

-
-

Con cyclical

-
-

Financial svs

-
-

Real estate

-
-

0.00%

Comm services

-
-

Energy

-
-

Industrials

-
-

Technology

-
-

0.00%

Con defensive

-
-

Healthcare

-
-

Utilities

-
-

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. 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.