WS Canlife Sterling Short Term Bond Fund

About the fund

The Fund aims to provide stability of capital and an income through investment in sterling-denominated short-term fixed income and variable rate bonds including money market instruments. The Fund’s comparator benchmark is the 3 Month Sterling Overnight Index Average Rate (SONIA) compounded in arrears.

Essential features of the Fund

WS Canlife Sterling Short Term Bond Fund

    • The Fund invests, directly and/or indirectly, worldwide in sterling denominated short-term fixed income and variable rate bonds including money market instruments. The fixed income instruments may include commercial paper, certificates of deposit, floating rate notes and short-dated bonds.  The Fund may also use short term deposits
  • The Fund will hold a portfolio of high quality short-term fixed income and variable rate assets (which are regarded as Investment Grade rated between AAA and BBB+, rated between AAA and A at the point of purchase
  • The Fund can enter into reverse repurchase agreements on a short-term basis

How the fund is managed:

    • The fund managers are focused on providing investors with capital preservation, sustainable returns, daily liquidity and an uplift on yield compared to short-term bank deposits, through a strategic portfolio construction process that is both continuous and scalable
  • The fund managers use internal research to select securities that offer the best balance of risk and return and believe that the avoidance of bad credits is critical to success
  • All counterparties are monitored and reviewed regularly by the credit analysis team
  • Credit ratings are internal and assigned by Canada Life Asset Management. Ratings will generally be in line with the major external rating agencies and should not be higher than the highest rating of these. Canada Life Asset Management will assign ratings to bonds that do not have an external rating
  • The Fund will typically allocate to between 40 and 80 issuers

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

Reasons to recommend

Diversified and effective solution

The LF Canlife Sterling Short Term Bond Fund is a vehicle for investors with short and medium-term cash requirements. The Fund aims to meet these needs by enabling investors to generate a return on their short-term deposits and manage cash flow efficiently, whilst also strategically putting cash reserves to play in markets.

High quality and credibility

Our experienced credit research team have a long heritage in fixed income investing. with a focus on strong credits, diversification, and capital protection. The research and fund management teams are located nearby, encouraging a culture of co-operation and partnership.

Trust and expertise

Our liquidity fund managers have worked together for over 15 years and are responsible for managing short bond and liquidity mandates for a number of institutional clients as well as strategic partners.

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

Steve Matthews

Investment Director, Liquidity

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Andy Head

Assistant Fund Manager

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Sales contact

James Stoddart

Head of Distribution

020 7415 6525

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