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Merian Corporate Bond Fund U1 GBP Acc (Restricted Fund)

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Merian Investment Management Limited
Fund Summary To seek to achieve income and capital growth by delivering a return, net of fees, greater than that of the ICE BofAML Sterling Non-Gilt Index over rolling 3 year periods.
SEDOL code BHBX7P0
ISIN GB00BHBX7P06
Fund code MECUA
Managers Lloyd Harris
Manager Tenure 4 years
Morningstar Category GBP Corporate Bond
IMA Sector £ Corporate Bond
Fund Size £340 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.35%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.2770
Buy Price £1.2770
Price Change -0.854%
Price Date 11th October 2019
Yield Currently unavailable
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 7th October 2019
Fund Status OPEN
Lloyd joined the company in January 2012 and is manager of the Merian Corporate Bond Fund and co-manager of the Merian Financials Contingent Capital Fund. Prior to joining the business Lloyd was at Cutwater Asset Management (2007-2011), initially as an asset-backed CP/MTN trader, then as a European financials credit analyst. Before this, Lloyd worked in structured capital markets at Deutsche Bank (2002-2007), after completing the firm’s graduate training programme. Lloyd graduated from the University of Bristol with a BA (Hons) in electronics and telecommunications engineering (2001), and is a part-qualified management accountant.

3-year Mean Monthly Return: 0.311%

Annual Returns 2018 2017 2016 2015 2014
Fund Performance +10.45% +1.05% -0.30% +13.23% +0.46%
Benchmark Performance
(GBP Corporate Bond)
+9.19% -0.01% +0.68% +12.87% +3.20%
Time Period Cumulative Benchmark Performance
(GBP Corporate Bond)
Fund Compared to Benchmark
1 day -0.85% +8.55% -9.40%
1 week -1.16% -0.03% -1.13%
1 month 0.24% +1.23% -1.00%
3 months 1.83% +4.35% -2.52%
6 months 6.06% +9.08% -3.01%
1 year 10.37% +3.49% +6.88%
3 years 4.00% +4.76% -0.76%
5 years 4.29% +4.97% -0.68%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD 10.09% -1.13% +11.22%
Since inception 4.56% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Merian Financial Cntgnt Cptl F USD Inc IRL 7.88%
Prudential plc GBR 2.02%
AT&T Inc 2.9% USA 1.98%
Berkshire Hathaway Finance Corporation 2.62% USA 1.67%
Santander UK PLC 5.25% GBR 1.60%
Westfield Stratford City Finance No.2 PLC 1.64% GBR 1.57%
Banco Santander, S.A. 1.38% ESP 1.54%
United Utilities Water Plc 2% GBR 1.54%
Virgin Money Holdings (UK) plc GBR 1.53%
Banque Federative du Credit Mutuel 1.75% FRA 1.52%
Dividend Date Per share amount Reinvestment Price
1st August 2019 0.0089 £1.2710
1st May 2019 0.0085 £1.2090
1st February 2019 0.0088 £1.1780
1st November 2018 0.0071 £1.1660
1st August 2018 0.0072 £1.1720
1st May 2018 0.0065 £1.1770