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Merian Corporate Bond Fund U1 GBP Inc (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 BHBX7Q1
ISIN GB00BHBX7Q13
Fund code MECUI
Managers Lloyd Harris, Simon Prior
Manager Tenure 5 years
Morningstar Category GBP Corporate Bond
IMA Sector £ Corporate Bond
Fund Size £354 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 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 £1.0630
Buy Price £1.0630
Price Change +0.8539%
Price Date 27th March 2020
Yield 2.28%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 7th October 2019
Fund Status OPEN
Lloyd joined Merian in January 2012 and is a portfolio manager. 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: 0.449%

Annual Returns 2019 2018 2017 2016 2015
Fund Performance +11.85% -2.40% +5.45% +9.67% -2.26%
Benchmark Performance
(GBP Corporate Bond)
+9.62% -2.31% +4.84% +9.71% +0.38%
Time Period Cumulative Benchmark Performance
(GBP Corporate Bond)
Fund Compared to Benchmark
1 day 0.85% -5.00% +5.86%
1 week 2.21% -7.38% +9.59%
1 month -7.08% -5.45% -1.63%
3 months -4.30% -5.23% +0.94%
6 months -3.27% +0.04% -3.31%
1 year 3.59% +1.69% +1.90%
3 years 2.96% +2.78% +0.18%
5 years 2.90% +3.71% -0.81%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD -3.87% +1.87% -5.73%
Since inception 3.61% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Merian Financial Cntgnt Cptl F USD Inc IRL 7.00%
Deutsche Pfandbriefbank AG 1.75% DEU 2.03%
Logicor 2019-1 UK Plc 1.88% GBR 1.88%
Metropolitan Life Global Funding I 1.62% USA 1.87%
Yorkshire Building Society GBR 1.76%
Rothesay Life PLC 3.38% GBR 1.67%
Massmutual Global Funding II 1.38% USA 1.65%
Pension Insurance Corporation Plc 5.62% GBR 1.64%
TSB Bank plc GBR 1.57%
AT&T Inc 4.88% USA 1.49%
Dividend Date Per share amount Reinvestment Price
3rd February 2020 0.0075 £1.1390
1st November 2019 0.0079 £1.1100
1st August 2019 0.0078 £1.0980
1st May 2019 0.0075 £1.0510
1st February 2019 0.0077 £1.0310
1st November 2018 0.0063 £1.0290