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Premier Corporate Bond Monthly Income Class C Income

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Premier Asset Management
Fund Summary The Fund aims to provide an income, paid each month, through investment in a portfolio of predominantly fixed income securities. The Fund aims to achieve its investment objective by investing at least 80% in Sterling denominated, (or hedged back to Sterling), investment grade rated corporate bonds (as measured by a recognised external rating agency). The Fund may also invest in money market, non-investment grade, convertible, hybrid, alternative fixed income and structured investments. The Fund may invest in derivatives and forward transactions for investment purposes as well as for the purposes of efficient portfolio management, including hedging.
SEDOL code 0389549
ISIN GB0003895496
Fund code PMCBI
Managers Paul Smith, Chun Lee
Manager Tenure 10 years
Morningstar Category GBP Corporate Bond
IMA Sector £ Corporate Bond
Fund Size £47 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 1%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £0.841
Buy Price £0.841
Price Change +0.0833%
Price Date 24th June 2019
Yield 1.88%
Dividend Frequency Monthly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 3rd November 1995
Fund Status OPEN
Paul Smith is Head of Fixed Income for Premier Asset Management. He joined Premier in 2005 and is fund manager. Paul's management of lower risk mandates has over the last decade been recognised at the Money Observer Investment Trust Awards, Investment Week Fund Manager of the Year Awards, and membership of the Investment Adviser 100 Club. Paul has a First Class BA (Hons) degree in Economics, and an MA in Finance and Investment (with Distinction) from Exeter University.

3-year Mean Monthly Return: 0.194%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +0.98% +1.88% +4.75% -1.94% +6.83% +5.82% +12.72% +0.51% +3.89% +44.27%
Benchmark Performance
(GBP Corporate Bond)
-0.36% +3.34% +10.55% -1.35% +10.33%
Time Period Cumulative Benchmark Performance
(GBP Corporate Bond)
Fund Compared to Benchmark
1 day 0.08% +0.03% +0.05%
1 week 0.42% +0.43% -0.01%
1 month 0.92% +1.50% -0.58%
3 months 1.11% +2.87% -1.76%
6 months 2.67% +5.60% -2.93%
1 year 2.16% +5.36% -3.20%
3 years 8.32% +12.87% -4.54%
5 years 11.85% +26.63% -14.77%
10 years 80.34% +104.74% -24.41%
YTD 2.75% +5.79% -3.04%
Since inception 185.42% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Aspire Defence Finance 4.67% GBR 2.31%
South Eastern Power Networks PLC 4.88% GBR 2.10%
Bank of Scotland Plc 6.38% GBR 2.09%
Burford Capital PLC 6.5% GBR 1.94%
Credit Suisse Group Funding (Guernsey) Limited 2.75% GBR 1.84%
European Investment Bank 4.47% 1.82%
Phoenix Group Holdings 6.62% GBR 1.71%
National Grid plc 1.54% GBR 1.70%
St. Modwen Properties Securities Jersey Ltd. 2.88% GBR 1.66%
Reed Elsevier (Investments) plc 2.75% GBR 1.66%
Dividend Date Per share amount Reinvestment Price
1st May 2019 0.0015 £0.8329
1st April 2019 0.0009 £0.8338
1st March 2019 0.0007 £0.8266
1st February 2019 0.0007 £0.8267
2nd January 2019 0.0008 £0.8230
3rd December 2018 0.0021 £0.8214