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Operating within a peer group that has little commonality, Jim Stride provides investors with a high level of consistency. The manager makes use of Index-linked securities to a much higher degree than any other fund within the peer group, due to Stride's views upon inflation.
|Standard initial charge||5.00%|
|Initial charge via Bestinvest||0.00%|
|Additional bid/offer spread||0.25%|
|Annual management charge||1.00%|
|Ongoing charges figure||1.00%|
Costs appear average.
Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.
No information available.
|High yield bonds||0|
Sun Life's Deferred Distribution Bond aims to provide investors with distributions that over the longer term exceed the interest generated by the highest rate building society deposit, along with some capital appreciation. Although Jim Stride is the named fund manager for the Distribution Bond funds there is a great deal of input from other managers, with Stride working closely with Fixed Interest and Global Equity managers. Jim Stride’s main area of expertise is in the formulation of the the fund’s asset allocation policy. The manager follows the house model with regards to each assets class, rarely selling stocks when they leave the core list.
|Fund data updated on||26/09/17|
|High yield bonds||0|
As at 01/06/02 3.5% Glaxosmithkline 3.4% BP 3.3% AstraZeneca 2.9% Witan Investment Trust 2.9% Shell T & T 2.7% Vodafone 1.9% Legal & General 1.9% Smith & Nephew 1.9% HSBC Holdings 1.5% RBS. Source: AXA
The range of asset splits is as follows: 50-60% Equities 0-10% F.Interest 0-10% Property 30-40% Index-linked 0-10%. Cash
Risk is controlled through tracking error, which is 4-5% for funds with an income bias. This is higher than the capital growth funds as it is unlikely that low dividend stocks will be held.
|Average monthly relative returns||Bestinvest MRI|
|12/13||13/14||14/15||15/16||16/17||3 years||5 years||Career||3 years||5 years||Career|
|Performance figures are based on the average of monthly percentage returns relative to the benchmark index.|
Stride graduated from the London School of Economics with a BSc (Hons) in Economics having specialised in Accounting and Finance. He was appointed Managing Director of AXA in 1997 and since 2000 has also been Head of Insurance. Jim joined the company in 1981 as a fund manager, having worked as a bank analyst with Panmure Gordon & Co. for two years. His career began in 1976 as an analyst with the Post Office pension fund.
Jim Stride has 18.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.01%. During the worst period of relative performance (from August 2000 - November 2011) there was a decline of 15% relative to the index. The worst absolute loss has been 23%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 92%.
|Periods of worst performance|
|Absolute||-23% (August 2000 - January 2003)|
|Relative||-15% (August 2000 - November 2011)|
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.