The fund currently has 184 issuers and offers a distribution yield of 3.23 per cent, while duration is currently 4.94, according to the fund fact sheet for February 2019. The fund also has an ongoing charge of 0.66 per cent.
I am a big fan of the fund's flexible mandate and ability to move away from the benchmark at times when the opportunity to add extra value arises.
This does make it higher conviction, but with an experienced manager and team at the helm we think they can achieve their aims.
Darius McDermott is managing director of FundCalibre