WS Canlife Short Duration Corporate Bond Fund

About the Fund

The Fund aims to provide an income and the potential for capital growth, over any five-year period, after all costs and charges have been taken. The Fund’s comparator benchmark is the Markit iBoxx UK GBP Non-Gilts 1-5 Years Index.

Essential features of the Fund

WS Canlife Short Duration Corporate Bond Fund 

    • The Fund invests at least 80% of the assets by value worldwide, in sterling-denominated investment grade corporate bonds with an effective maturity of five years or less
  • It can invest across different industry sectors and geographical regions without limitation
  • It may also invest up to 20% of the assets by value, worldwide in other debt securities (including government and public securities, non-sterling denominated bonds, non-investment grade bonds), money market instruments, deposits and cash
  • Investment in collective investment schemes is limited to 10% of the assets by value
    • The Fund may use derivatives for efficient portfolio management purposes

For further details on the objective and investment policy, visit the Literature section to view fund KIIDs and Prospectus.

How the Fund is managed

  • The managers consider global trends in macro factors, such as interest rates and inflation, and analyse the domestic influences on UK bond markets
  • A detailed quarterly macro review is undertaken making forecasts for interest rates and bond yields in the UK, US and Europe
  • A weekly review involving the entire fixed income team is undertaken to review market developments, including commodity prices, inflation expectations, currencies, equity markets, sovereign CDSs, liquidity, bond yields, economic data releases, new issues coming to the government and corporate bond markets. Monthly, the team also review the Fund’s positioning against its benchmark
  • The Fund is then constructed via a bottom-up approach, with the managers ensuring that the Fund’s sector exposure is sufficiently diversified, as well as reflective of the team's macro views. Looking at each sector, they seek the best-value companies and review valuations on three levels: price relative to peer issues, price relative to past performance, price relative to outlook and ratings

Reasons to recommend

Minimise interest rate sensitivity

Investing in short duration corporate bonds can minimise sensitivity to rising yields, while dampening down the impact of credit market volatility.

Capital preservation 

Our philosophy is founded on the strong belief that the avoidance of bad credits is critical to success and concentrates on investing in bonds from companies the managers and the Canada Life Asset Management credit team believe are financially strong. Therefore, the managers have a conservative, low-risk style, focusing on capital preservation and steady income.

Established team and strong credit analysis

Our credit analysis team has in-depth knowledge of individual corporates and sectors, drawing on the firm’s long experience in annuity management. Mike Count has been a fund manager at CLAM since 2007 and Steve Matthews took on responsibility for liquidity funds in 2002. The team is led by Roger Dawes, Head of Fixed Income – Portfolio Management who joined Canada Life Asset Management in 1998.

The value of investments may fall as well as rise and investors may not get back the amount invested.

This page is for information only. It does not constitute a direct offer to anyone, or a solicitation by anyone, to subscribe for shares or buy units in fund(s). Subscription for shares and buying units in the fund must only be made on the basis of the latest Prospectus and the Key Investor Information Document (KIID) available in the Literature section



Fund Managers

Michael Count

Senior Fund Manager, Fixed Income

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Steve Matthews

Investment Director, Liquidity

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Sales contact

Adam Creed

Sales Director – Discretionary and Group

020 7415 6488

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