Category Archives for "Corporate Bond Fund Performance"

3rd March 2017

HY Euro Fund Performance

All figures are to month-end July 2019
Jump to: Top Performing HY € Funds


Largest HY € Funds: Total Returns /α (%)

Performance of the largest HY Euro corporate bond funds, ordered by assets under management.

#Fund /
ISIN
Size
(€mm)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1Nordea 1 - European High Yld Bd BI EUR
LU0141799097
49044.70
-0.02
5.02
2.00
5.06
1.47
4.88
1.60
2Fidelity European Hi Yld A-Dis-EUR
LU0110060430
26718.91
4.19
4.91
1.90
4.17
0.58
2.99
-0.30
3Candriam Bds Euro High Yld C EUR Cap
LU0012119607
26588.36
3.64
5.67
2.66
4.11
0.52
4.40
1.12
4AXAIMFIIS Europe Short Dur HY A Cap EUR
LU0658025209
24092.40
-2.32
1.63
-1.39
1.77
-1.82
2.34
-0.95
5DWS Invest Euro High Yield Corp LD
LU0616839766
21812.66
-2.06
3.03
0.02
4.14
0.55
4.67
1.38
6UBS (Lux) BF Euro Hi Yld € P-acc
LU0086177085
20505.30
0.57
3.40
0.38
4.22
0.63
3.33
0.04
7Pictet-EUR Short Term High Yield I EUR
LU0726357444
19402.87
-1.86
1.71
-1.31
1.46
-2.13
1.80
-1.48
8HSBC GIF Euro High Yield Bond AD
LU0165128421
18629.53
4.81
5.15
2.14
3.59
0.00
3.66
0.37
9ODDO BHF Euro Credit Short Dur DP-EUR
LU0628638388
14911.70
-3.03
1.15
-1.87
1.18
-2.41
1.56
-1.73
10Schroder ISF EURO Hi Yld C Acc EUR
LU0849400030
14792.07
-2.65
2.15
-0.86
4.44
0.85
4.71
1.42
11Muzinich Europeyield HEUR Acc A
IE0005315449
10365.71
0.99
3.95
0.93
4.29
0.70
4.49
1.20
12Evli European High Yield A
FI0008803911
9342.88
-1.85
2.35
-0.67
4.14
0.55
3.94
0.65
13MS INVF European HY Bd I
LU0073255688
8926.89
2.17
3.80
0.79
4.37
0.78
3.91
0.62
14AS SICAV I SelEuro HYBd A Acc EUR
LU0119176310
8913.31
-1.41
1.13
-1.89
2.92
-0.67
3.23
-0.06
15Danske Invest Euro HY Obl Akk KL DKK h
DK0060497378
7846.86
2.14
1.54
-1.48
3.99
0.40
3.19
-0.09
16Amundi Fds Optimal Yield E2 EUR C
LU1883337377
7675.88
1.16
2.96
-0.06
3.06
-0.53
2.82
-0.47
17Amundi Fds Euro HY Bd I EUR C
LU0119109980
7547.97
3.25
5.05
2.03
4.09
0.50
3.64
0.35
18Pictet-EUR High Yield I
LU0133806785
7059.09
4.37
5.10
2.08
4.50
0.92
3.43
0.14
19Pramerica Sicav Euro High Yield I
LU1589372041
6774.71
-0.02
2.89
-0.13
0.00
0.00
0.00
0.00
20JPM Europe High Yld Bd A (dist) EUR
LU0091079839
6628.56
3.84
3.96
0.95
3.72
0.13
3.70
0.41

MiFID II is HERE


Top Performing HY € Funds: Total Returns /α (%)

Top performing HY Euro corporate bond funds, ranked by rolling 1 year performance.

RankFund /
ISIN
Size
(€mm)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1Switzerland Inv - Fixed Inc H/Y HAIG B
LU0382169703
570.00
-4.72
7.51
4.49
8.88
5.30
3.70
0.41
2Kempen (Lux) Euro High Yield LR Acc
LU1626446964
2212.99
8.27
7.32
4.31
0.00
0.00
0.00
0.00
3DPAM L Bonds Higher Yield B
LU0138645519
17414.64
9.92
7.09
4.07
4.14
0.55
4.63
1.34
4M&G European High Yield Bond GBP X Acc
GB0031288029
339.98
5.26
6.20
3.19
4.32
0.73
2.84
-0.45
5DPAM L Bonds EUR Corporate High Yield A
LU0966248915
2559.67
4.95
6.07
3.06
4.90
1.31
5.57
2.28
6Threadneedle (Lux) Eurp Hi Yld Bd 3G
LU1829334736
4956.88
2.16
5.85
2.84
4.77
1.18
4.28
0.99
7Janus Henderson Hrzn Euro HY Bd I2 EUR
LU0828818087
4026.73
2.01
5.77
2.76
5.42
1.83
5.03
1.74
8Candriam Bds Euro High Yld C EUR Cap
LU0012119607
26588.36
3.64
5.67
2.66
4.11
0.52
4.40
1.12
9Fidelity Instl European Hi Yld I-Acc-EUR
LU0528224321
309.37
4.64
5.59
2.57
4.63
1.04
4.13
0.84
10M&G European HY Crdt Invm A EUR Acc
LU0895903457
835.49
0.77
5.43
2.41
4.89
1.30
4.30
1.01
11Neuberger Berman Eurp HY Bd EUR I Acc
IE00BNH72V92
287.17
2.45
5.43
2.41
4.33
0.74
4.23
0.95
12PGIM European BB-B HY Bd EUR I Acc
IE00BD1DGT97
227.28
2.56
5.39
2.37
0.00
0.00
0.00
0.00
13Nordea Euro Yrityslaina Plus T EUR
FI0008808837
646.97
2.25
5.35
2.33
5.69
2.10
4.98
1.69
14Aegon European High Yield Bond I EUR Acc
IE00BZ005G52
2075.41
0.68
5.31
2.29
0.00
0.00
0.00
0.00
15Oaktree (Lux) Fds - Eur Hi Yld Bd IB
LU0931246770
665.93
1.21
5.27
2.25
4.33
0.74
4.06
0.77
16BGF European High Yield Bond D2 EUR
LU1191877965
697.79
3.07
5.24
2.23
5.23
1.65
0.00
0.00
17Regard Haut Rendement H
FR0011089812
868.30
3.57
5.21
2.19
4.01
0.42
4.00
0.71
18HSBC GIF Euro High Yield Bond AD
LU0165128421
18629.53
4.81
5.15
2.14
3.59
0.00
3.66
0.37
19Allianz Euro High Yield Bond IT EUR
LU0482910402
1968.80
4.07
5.14
2.12
3.97
0.38
3.93
0.64
20Pictet-EUR High Yield I
LU0133806785
7059.09
4.37
5.10
2.08
4.50
0.92
3.43
0.14

All Fund performance tables: Investment Grade EUR | Investment Grade GBP | High Yield EUR | High Yield GBP

Table information: European domiciled funds in Morningstar Category EUR High Yield Bond, Oldest share class, All figures EUR (€), Total returns annualised, as at last month-end. Alpha is the measure of an investment’s return in excess of the Morningstar Category average.

Fund sizes are as reported by the management groups and the latest available to Morningstar. The Morningstar Rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category, based on a weighted average of a fund’s 3-, 5-, and ten-year ratings, depending on the length of its record.

Data source: © 2019 Morningstar, Inc. All rights reserved.

The information contained herein:

(1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Important note regarding third party indices:  Morningstar does not own any third party index data (S&P, FTSE, MSCI), so cannot authorise its use. The journalists should contact each vendor directly to get authorisation for the data they require.

3rd March 2017

HY Sterling Fund Performance

All figures are to month-end July 2019
Jump to: Top Performing HY £ Funds


Largest HY £ Funds: Total Returns /α (%)

Performance of the largest HY Sterling corporate bond funds ordered by assets under management (AUM).

#Fund /
ISIN
Size
(£mm)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1L&G High Income I Acc
GB00B0CNHJ41
13462.90
-3.62
2.93
-1.16
5.14
0.50
3.65
-0.29
2Threadneedle HY Bd Ins Inc GBP
GB0008371121
7678.27
1.75
5.86
1.77
5.17
0.52
4.29
0.35
3Baillie Gifford High Yield Bond B Inc
GB0030816713
65010.68
4.16
6.55
2.45
6.10
1.46
4.49
0.56
4Schroder High Yield Opportunities Acc
GB0009505693
597-0.58
-7.10
0.88
-3.22
4.82
0.18
4.77
0.83
5SLI Higher Income Inst Acc
GB0000936244
4326.48
-0.04
4.53
0.44
4.62
-0.03
3.99
0.05
6BNY Mellon Global High Yield Bd GBP Inc
GB0009633073
15912.53
6.01
6.25
2.16
4.36
-0.29
2.78
-1.16
7Invesco High Yield UK Inc
GB0033049254
1573.79
-2.73
2.69
-1.40
5.17
0.53
3.13
-0.80
8Scottish Widows High Income Bd Acc
GB0031643900
1185.24
-1.28
2.96
-1.13
3.19
-1.45
1.06
-2.87
9Quilter Investors Bond 3 A (GBP) Inc
GB00B05K6392
1126.97
0.44
2.58
-1.51
3.97
-0.67
0.45
-3.49
10Aviva Investors High Yield Bd 3 GBP Acc
GB00B3CGJN23
0996.88
0.36
4.53
0.44
3.55
-1.10
3.98
0.04
11Marlborough High Yield Fixed Int A Inc
GB00B03TN153
0755.73
-0.79
2.79
-1.30
4.26
-0.39
3.61
-0.32
12Aberdeen European High Yield Bond A Acc
GB00B5968F40
0545.56
-0.97
2.23
-1.86
3.61
-1.04
3.43
-0.51
13Quilter Investors Hi Yld Bd A GBP Inc
GB00B8SZLY38
0528.49
1.97
6.54
2.44
4.86
0.21
4.34
0.41
14BMO Multi-Sector Higher Income Bd 1 Inc
GB0002053006
0308.28
1.76
5.63
1.54
4.19
-0.46
3.36
-0.57
15Man GLG High Yield Opports Profl Acc C
GB00BJK3W057
0000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16Marlborough High Yield Fixed Intr C EUR
GG00BWX5H825
0004.86
-1.66
1.73
-2.36
3.58
-1.07
0.00
0.00
17Marlborough HY Fixed Intr Guernsey Fdr
GG00BCF5NP92
4.82
-1.70
1.47
-2.62
3.45
-1.20
2.37
-1.57
18NatWest High Yield NAV
GB0033617373
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
19St James's International Corp Bd Acc
GB00B62VYF56
6.98
0.46
5.00
0.90
2.93
-1.72
2.81
-1.13

MiFID II is HERE


Top Performing HY £ Funds: Total Returns /α (%)

Top performing HY Sterling corporate bond funds ranked by rolling 1 year performance.

RankFund /
ISIN
Size
(£mm)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1Baillie Gifford High Yield Bond B Inc
GB0030816713
65010.68
4.16
6.55
2.45
6.10
1.46
4.49
0.56
2Quilter Investors Hi Yld Bd A GBP Inc
GB00B8SZLY38
0528.49
1.97
6.54
2.44
4.86
0.21
4.34
0.41
3BNY Mellon Global High Yield Bd GBP Inc
GB0009633073
15912.53
6.01
6.25
2.16
4.36
-0.29
2.78
-1.16
4Threadneedle HY Bd Ins Inc GBP
GB0008371121
7678.27
1.75
5.86
1.77
5.17
0.52
4.29
0.35
5BMO Multi-Sector Higher Income Bd 1 Inc
GB0002053006
0308.28
1.76
5.63
1.54
4.19
-0.46
3.36
-0.57
6St James's International Corp Bd Acc
GB00B62VYF56
0006.98
0.46
5.00
0.90
2.93
-1.72
2.81
-1.13
7Aviva Investors High Yield Bd 3 GBP Acc
GB00B3CGJN23
0996.88
0.36
4.53
0.44
3.55
-1.10
3.98
0.04
8SLI Higher Income Inst Acc
GB0000936244
4326.48
-0.04
4.53
0.44
4.62
-0.03
3.99
0.05
9Scottish Widows High Income Bd Acc
GB0031643900
1185.24
-1.28
2.96
-1.13
3.19
-1.45
1.06
-2.87
10L&G High Income I Acc
GB00B0CNHJ41
13462.90
-3.62
2.93
-1.16
5.14
0.50
3.65
-0.29
11Marlborough High Yield Fixed Int A Inc
GB00B03TN153
0755.73
-0.79
2.79
-1.30
4.26
-0.39
3.61
-0.32
12Invesco High Yield UK Inc
GB0033049254
1573.79
-2.73
2.69
-1.40
5.17
0.53
3.13
-0.80
13Quilter Investors Bond 3 A (GBP) Inc
GB00B05K6392
1126.97
0.44
2.58
-1.51
3.97
-0.67
0.45
-3.49
14Aberdeen European High Yield Bond A Acc
GB00B5968F40
0545.56
-0.97
2.23
-1.86
3.61
-1.04
3.43
-0.51
15Marlborough High Yield Fixed Intr C EUR
GG00BWX5H825
0004.86
-1.66
1.73
-2.36
3.58
-1.07
0.00
0.00
16Marlborough HY Fixed Intr Guernsey Fdr
GG00BCF5NP92
0004.82
-1.70
1.47
-2.62
3.45
-1.20
2.37
-1.57
17Schroder High Yield Opportunities Acc
GB0009505693
-0.58
-7.10
0.88
-3.22
4.82
0.18
4.77
0.83
18Man GLG High Yield Opports Profl Acc C
GB00BJK3W057
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
19NatWest High Yield NAV
GB0033617373
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

All Fund performance tables: Investment Grade EUR | Investment Grade GBP | High Yield EUR | High Yield GBP

Table information: European domiciled funds in Morningstar Category GBP High Yield Bond, Oldest share class, All figures GBP sterling (£), Total returns annualised, as at last month-end. Alpha is the measure of an investment’s return in excess of the Morningstar Category average.

Fund sizes are as reported by the management groups and the latest available to Morningstar. The Morningstar Rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category, based on a weighted average of a fund’s 3-, 5-, and ten-year ratings, depending on the length of its record.

Data source: © 2019 Morningstar, Inc. All rights reserved.

The information contained herein:

(1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Important note regarding third party indices:  Morningstar does not own any third party index data (S&P, FTSE, MSCI), so cannot authorise its use. The journalists should contact each vendor directly to get authorisation for the data they require.

28th February 2017

Corporate Bond Funds: Performance

Using data shared by Morningstar, creditmarketdaily.com collates and presents performance data pertaining to bond funds. With all data updated monthly, this tabular data tracks the latest performance of the corporate bond funds in the investment grade and high yield markets.  For each of these, the data is broken down into euro and sterling bond funds and presented in two ways.  The first is a ranking of the largest funds listed in order of total assets under management (AUM), and the second is a table showing the top-performing funds. These best performing corporate bond funds are ranked or ordered by their rolling one year performance data.

Please make use of the relevant buttons below to access the performance tables of each group of bond funds.


Investment Grade Bond Funds > Performance

 

 

 


High Yield Bond Funds > Performance

 

 

 


In each of the tables that may be accessed from clicking on the links above, there are some important pieces of information to keep in mind.  Total returns are annualised, as at last month end. Alpha data is also included in the tables. Alpha is the measure of an investment’s return in excess of the Morningstar Category average. Fund sizes are as reported by the management groups and the latest available to Morningstar. We also include a Morningstar rating in the tables. This rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its category, based on a weighted average of a fund’s 3-, 5-, and ten-year ratings, depending on the length of its record.

If you have any suggestions or comments on these tables, or would like to market your brand alongside the bond funds data here on Credit Market Daily, please use this site’s contact form to get in touch and send a messge.  We are always very happy to hear from our visitors and to hear your thoughts.

27th February 2017

IG Sterling Fund Performance

All figures are to month-end July 2019
Jump to: Top Performing IG £ Funds


Largest IG £ Funds: Total Returns /α (%)

Performance of the largest IG Sterling corporate bond funds ordered by assets under management.

#Fund /
ISIN
Size
(£bn)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1Scottish Widows Corporate Bd Trkr W Acc
GB00BD7W3V17
5.95617.46
1.39
7.95
0.79
3.15
-0.29
5.68
0.62
2iShares Corporate Bond Index (UK) L Acc
GB00B5MMQ552
5.11217.98
1.91
7.82
0.65
3.26
-0.18
5.39
0.33
3Invesco Corporate Bond UK Acc
GB0033028779
3.95510.45
-5.61
5.07
-2.09
2.97
-0.47
3.33
-1.73
4M&G Corporate Bond GBP I Inc
GB00B1YBRM66
3.56916.56
0.49
6.88
-0.28
3.33
-0.11
4.87
-0.18
5Fidelity MoneyBuilder Income
GB0003863916
3.37915.48
-0.59
6.75
-0.41
2.57
-0.87
4.55
-0.51
6Vanguard UK Inv Grd Bd Idx GBP Acc
IE00B1S74Q32
3.08915.60
-0.47
7.31
0.15
3.05
-0.39
5.33
0.27
7M&G Strategic Corporate Bond GBP A Acc
GB0033828137
2.71212.52
-3.55
6.10
-1.07
3.24
-0.20
3.98
-1.07
8Aviva Investors Corporate Bd 1 GBP Inc
GB0004459359
2.71116.07
0.00
6.79
-0.38
2.62
-0.83
4.52
-0.54
9Insight Buy and Maintain Bond B GBP Inc
IE00B8FY2845
2.42116.11
0.04
5.49
-1.67
0.68
-2.76
0.00
0.00
10Royal London Sterling Credit Z Inc
GB00B4W1ZT22
2.11016.09
0.02
7.81
0.65
4.59
1.15
5.94
0.88
11Halifax Corporate Bd B
GB0031809097
1.80317.12
1.05
7.22
0.05
3.57
0.13
4.41
-0.65
12Insight Inv UK Corp All Mat Bd S2
GB00B06FWY62
1.56916.82
0.75
6.60
-0.57
3.35
-0.09
5.60
0.55
13Vanguard UK Short-Term IG Bd Idx GBP Acc
IE00B9M1BB17
1.5195.71
-10.36
3.03
-4.13
1.62
-1.82
2.15
-2.90
14Royal London Corporate Bond A Inc
GB00B3P2K895
1.44314.90
-1.17
6.93
-0.23
3.98
0.54
5.16
0.10
15Threadneedle Stlg SD Corp Bd InsGrs Inc£
GB00BD8GMC64
1.4307.32
-8.75
3.73
-3.43
2.12
-1.32
2.43
-2.62
16L&G Short Dated £ Corporate Bd Idx C Acc
GB00BKGR3F07
1.3967.94
-8.13
4.06
-3.10
2.48
-0.96
2.91
-2.15
17Aberdeen Corporate Bond I GBP Inc
GB00BWK26H88
1.33518.34
2.27
7.83
0.66
3.46
0.02
5.22
0.16
18AI Sterling Corp Bond UK Corp GBP Inc
GB00BTF89Z90
1.32117.90
1.83
8.09
0.93
2.61
-0.83
0.00
0.00
19L&G Fixed Interest I Acc
GB00B0CNHD88
1.29618.83
2.76
8.62
1.46
3.70
0.26
5.70
0.64
20Rathbone Ethical Bond R Acc
GB0030957137
1.27912.30
-3.77
6.50
-0.67
5.07
1.63
5.13
0.07

Top Performing IG £ Funds: Total Returns /α (%)

Top performing IG Sterling corporate bond funds ranked by rolling 1 year performance.

RankFund /
ISIN
Size
(£mm)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1Fidelity Duration 20 Feeder Acc GBP
GB00BVTVCQ05
5242.73
26.66
16.05
8.89
3.38
-0.06
0.00
0.00
2Fidelity Duration 16 Feeder Acc GBP
GB00BVTVCP97
2635.70
19.63
14.08
6.92
3.71
0.26
0.00
0.00
3Schroder Instl Long Dated Corp Bd I
GB0009569327
33131.79
15.72
14.07
6.90
5.40
1.96
9.18
4.12
4BlackRock ASF Ascent UK Long Corp Bd Fl£
IE0031465705
61733.05
16.98
13.81
6.64
4.81
1.37
9.11
4.06
5AI Non-Gilt Bd Ovr 15 Yrs IdxInsrdPenAcc
GB00BYSL7Y58
34735.90
19.83
13.57
6.41
0.00
0.00
0.00
0.00
6Janus Henderson Instl Lg Datd Crdt I Inc
GB0007475675
25529.68
13.61
12.55
5.38
4.28
0.84
8.01
2.95
7PIMCO GIS UK L/T Corp Bd Instl GBP Acc
IE00B0CNPY59
42630.87
14.80
12.16
4.99
4.96
1.52
8.50
3.44
8JPM Sterling Bond A (dist) GBP
LU0053692744
6428.06
11.99
12.14
4.98
3.40
-0.05
7.58
2.53
9Fidelity Instl UK Lng Corp Bd Inc
GB0031400335
62628.39
12.32
11.94
4.78
5.06
1.62
7.96
2.90
10Insight Inv UK Corp Lng Mat Bd S2
GB00B06FXK91
44028.33
12.26
11.84
4.68
4.67
1.23
7.53
2.47
11BMO Long Dated Sterling Corp Bd 3 Acc
GB00B8460N21
4428.04
11.97
11.42
4.26
4.52
1.08
8.27
3.22
12BIBF Over 10 Year Corporate Bd B GBP Inc
GB0099289679
023.69
7.62
11.38
4.21
4.11
0.67
6.01
0.95
13BNY Mellon Long Corp Bd Exempt 1 Acc
GB00B01X0Y17
3125.77
9.71
10.64
3.48
4.09
0.65
7.25
2.19
14Threadneedle Stlg MLD Corp Bd InsGrsInc£
GB00BD8GM715
31824.34
8.28
10.19
3.03
4.05
0.61
6.82
1.76
15Fidelity Duration 10 Feeder Acc GBP
GB00BVTVCN73
023.32
7.26
9.84
2.67
3.58
0.14
0.00
0.00
16BlackRock UK Credit Scrnd Flex Acc GBP
IE00B3LK7193
75419.84
3.77
9.00
1.83
3.65
0.21
6.39
1.33
17BlackRock ASF Core+ UK Corp Bd Flex £
IE00B39VGQ27
26520.48
4.41
8.80
1.63
3.70
0.25
5.98
0.93
18GS Sterling Credit I Inc GBP
LU0386576077
3020.80
4.73
8.74
1.58
3.35
-0.09
5.15
0.10
19BlackRock ASF Ascent UK All Stks C/Bd F£
IE0031465812
58919.86
3.79
8.72
1.55
3.97
0.53
6.29
1.23
20Schroder All Maturities Corp Bd I Acc
GB0009569541
19.28
3.21
8.70
1.54
4.17
0.73
6.11
1.05

All Fund performance tables: Investment Grade EUR | Investment Grade GBP | High Yield EUR | High Yield GBP

Table information: European domiciled funds in Morningstar Category GBP Corporate Bond, Oldest share class, All figures GBP sterling (£), Total returns annualised, as at last month end. Alpha is the measure of an investment’s return in excess of the Morningstar Category average.

Fund sizes are as reported by the management groups and the latest available to Morningstar. The Morningstar Rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category, based on a weighted average of a fund’s 3-, 5-, and ten-year ratings, depending on the length of its record.

Data source: © 2019 Morningstar, Inc. All rights reserved.

The information contained herein:

(1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Important note regarding third party indices:  Morningstar does not own any third party index data (S&P, FTSE, MSCI), so cannot authorise its use. The journalists should contact each vendor directly to get authorisation for the data they require.