FACTSHEET
31 August 2016
CMI Ins SR Sterling Income
Life Fund
Credit Rating Breakdown (as at 30/06/2016)
■ AAA
■ AA
■ A
■ BBB
■ BB
10.3%
15.1%
22.5%
45.2%
6.9%
This document is provided for the purpose of
information only. This factsheet is intended for
individuals who are familiar with investment
terminology. Please contact your financial
adviser if you need an explanation of the terms
used. This material should not be relied upon as
sufficient information to support an investment
decision. The portfolio data on this factsheet is
updated on a quarterly basis.
Fund Aim
To provide investors with a high gross rate of
return from a managed portfolio of fixed interest
securities.
Basic Fund Information
Maturity Breakdown (as at 30/06/2016)
■
■
■
Fund Launch Date
Long Dated Bonds
Fund Size
Medium Dated Bonds
Sector
Short Dated Bonds
62.3%
23.7%
ISIN
29/10/1999
£1.0m
OI Sterling Fixed
Interest
GB0001697415
MEX ID
CMPSI
SEDOL
169741
Manager Name
Neil Murray
Manager Since
01/06/2010
Top Ten Holdings
14.0%
(as at 30/06/2016)
UK TSY 1% 07/09/2017
0%
10%
20%
30%
40%
50%
60%
70%
The composition of asset mix and asset allocation may change at any time and exclude cash
unless otherwise stated
1.6%
ELECTRICITE DE FRANCE 5.5
17/10/2041
1.5%
EUROPEAN INVMT BNK 4.625%
12/10/2054
1.5%
GE CAP UK FUNDING 5.875 18/01/2033
1.5%
LLOYDS BANK PLC 6.5 17/09/2040
1.3%
LCR FINANCE 5.1% 07/03/2051
1.2%
UK TSY 4.75% 07/12/2030
1.1%
UK TSY 2.75% 07/09/2024
0.9%
E.ON INTL FINANCE BV 6.375
07/06/2032
0.7%
UK TSY 4.25% 07/09/2039
TOTAL % OF FUND
0.6%
11.9%
Page 1
Past Performance
Fund Rating Information
50.0%
45.0%
40.0%
Overall Morningstar Rating
-
Morningstar Analyst Rating
-
35.0%
FE Crown Rating
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
Aug 16
Jun 16
Mar 16
Dec 15
Sep 15
Jun 15
Mar 15
Dec 14
Sep 14
Jun 14
Mar 14
Dec 13
Sep 13
Jun 13
Mar 13
Dec 12
Sep 12
Jun 12
Mar 12
Aug 11
Dec 11
0.0%
-5.0%
31/08/2011 - 31/08/2016 Powered by data from FE
CMI Ins SR Sterling Income
OI Sterling Fixed Interest
Discrete Performance
30/06/2015- 30/06/2014- 30/06/2013- 30/06/2012- 30/06/201130/06/2016 30/06/2015 30/06/2014 30/06/2013 30/06/2012
CMI Ins SR Sterling Income
6.4%
4.6%
6.3%
5.9%
7.2%
OI Sterling Fixed Interest
6.6%
3.9%
5.7%
5.1%
5.7%
Information is shown as unavailable if prior to the launch of fund.
Cumulative Performance
31/07/2016- 31/05/2016- 31/08/2015- 31/08/2013- 31/08/201131/08/2016 31/08/2016 31/08/2016 31/08/2016 31/08/2016
Quartile
OI Sterling Fixed Interest
Other Information
The views, opinions and forecasts expressed in
this document are those of the fund manager.
Investment markets and conditions can change
rapidly and as such the views expressed should
not be taken as statement of fact, not should
reliance be placed on these views when making
investment decisions
Past performance is not a guide to future performance. Investment value and income from it
may fall as well as rise, as a result of market and currency movements. You may not get back the
amount originally invested.
CMI Ins SR Sterling Income
The FE Crown Rating relates to this fund.
However, the Morningstar ratings are based on
the underlying fund. These are supplied by the
respective independent ratings agencies and are
the latest available at the time this factsheet was
issued. Past performance is not a reliable
indicator of future results.
3.4%
10.8%
14.4%
26.3%
43.5%
1
1
2
2
1
2.7%
7.9%
11.8%
22.4%
37.6%
Contact details - For further information on this
fund, please contact your Financial Advisor
Not all products have access to this fund, please
refer to the relevant product literature. Full terms
and conditions are available on
request from us using the contact details
provided. Charges, terms and the selection of
funds we make available may change.
Information on the general and specific risks
associated with investing in this fund is
available in the relevant fund guide, or KIID where
applicable. We may change the
investment approach rating for the fund. All
information is sourced from Scottish Widows or
the relevant fund management group unless
otherwise stated.
Source: FE as at 31/08/2016
Performance figures are in £ sterling on a single pricing basis, with income (where applicable)
reinvested net of UK tax and net of total annual fund charges. These figures do not include any
initial charge or other product charge(s) that may be applicable.
Quarterly Fund Manager Review
Bond markets performed well. In the run-up to the European Union referendum, a shift in momentum towards the ‘Leave’ campaign in the opinion polls
fuelled demand for government bonds. The yield on the 10-year bund German Bund turned negative for the first time in mid-June, and the yield on the
10-year US Treasury fell to its lowest level in almost four years. The ‘Leave’ victory prompted an even sharper fall in bond yields. The 10-year gilt yield
reached a historic low of 0.87% by 30 June. Corporate bonds delivered strong positive returns over the quarter. April was strong for credit as the yield
spread over their government-issued equivalents narrowed considerably. As we entered May, nervousness about the June referendum started to build,
leading to a modest underperformance of credit versus gilts. Domestic credits underperformed overseas corporate bonds. Corporate bonds
underperformed significantly in June, with subordinated bonds issued by UK banks and insurers bearing the brunt. At quarter end, risk assets started to
recover their poise from the referendum vote, perhaps looking forward to further stimulation measures from global governments.
Neil Murray, 30/06/2016
The views, opinions and forecasts expressed in this document are those of the fund management house. Investment markets and conditions can
change rapidly and as such the views expressed should not be taken as statements of fact, nor should reliance be placed on these views when making
investment decisions.
CMI Insurance Company Limited. Evergreen House, 43 Circular Road, Douglas, Isle Of Man, IM99 1LT, British Isles. Registered Number 033520C, Isle of Man. Telephone +44(0)1624 638888. Fax +44(0)1624 625900. Authorised by the Isle of
Man Insurance and Pensions Authority. Approved by Clerical Medical Financial Services Limited, 33 Old Broad Street, London, EC2N 1HZ. Registered number 2114901, England. Authorised and regulated by the Financial Conduct Authority.
Financial Services Register number 142779. Hong Kong Representative: CMI Financial Management Services Limited, Room E21 & E22, Level 2, Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong. Telephone: +852 2956 1288.
Fax: +852 2956 2302.
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