Corporate Bond Income Trust
Delivering a stable and reliable income this fund invests in good quality corporate bonds, issued by companies like Tesco and HSBC, and government bonds (gilts). Typically, it potentially provides a higher rate of return than cash savings over the medium to long term and is less risky than a fund which invests solely in shares.
This investment is designed to provide you with income on a monthly basis and this can be transferred directly into your bank or building society account. You can of course choose to add this income back into the fund for an opportunity of greater capital growth.
Investors looking to receive a higher monthly income than you might expect from a bank or building society account by taking a moderate degree of investment risk.
*Initial charge - a charge that is paid to the fund manager when the investor is made to cover the cost of setting up the investment. The initial charge is 5%, however there is currently a 3.5% discount applied so an initial charge of 1.5% will apply to all investments. (The initial charge is referred to as the entry charge in the KIID.)
#Ongoing charges - this figure includes the Annual Management Charge and the additional costs of managing the Trust, such as the Trustee's fees and expenses and audit fees but excludes portfolio transaction costs. The ongoing charge is updated monthly and may vary from the figure quoted in the Key Investor Information Document (KIID), which is calculated at the end of the previous calendar year.
Please remember that past performance is not a reliable indicator of future results.