Marlborough Bond Income Fund

Marlborough Bond Income is designed to produce a high level of income while also providing the potential for capital growth. At least 80% of the fund will be invested in bonds issued by companies and institutions. These will be investment-grade bonds, which are loans issued by entities that have a high capacity to repay the debt. The fund may also invest in sub-investment grade bonds which can be more vulnerable to changing economic conditions, bonds issued by governments, shares (including preference shares and permanent interest-bearing shares), bonds which may be converted into shares (known as convertible bonds) and money market instruments (which are shorter term loans).

Highly experienced senior fund manager Danny Fox is supported by fund manager Niall McDermott. They take a cautious approach, with a focus on capturing gains in positive markets while limiting the effects when they fall.

They are flexible and adaptable in selecting bonds for the portfolio, identifying the most attractive yields available relative to the risk taken. The portfolio is diversified across around 80holdings.