SWIP Sterling Credit Advantage Fund

Full performance risks..

Past performance is not a guide to future performance.

The value of investments and the income from them can go down as well as up depending on performance. You may not get back your original investment.

As the Fund invests in a concentrated portfolio of holdings, it may be more volatile than other more diverse portfolios.

The Simplified Prospectus provides more detailed information, as well as the risks of investing. This is available by clicking here or by telephoning 0800 33 66 00.

We may monitor or record your call

SWIP Sterling Credit Advantage Fund literature

Our library of key documents presents detailed information on the Fund including reasons to invest, fund manager commentary and performance information.

Document	Download PDF
SWIP Sterling Credit Advantage Fund Factsheet
SWIP UK OEIC Simplified Prospectus
SWIP Sterling Credit Advantage Fund In-depth Analysis
SWIP Sterling Credit Advantage Fund Quarterly Review
SWIP UK OEIC Application Form
SWIP UK OEIC Full Prospectus

SWIP Sterling Credit Advantage Fund

The fund is managed by two of our most experienced fund managers, Luke Hickmore and Roger Webb, who have over 45 years experience between them.

Fund Performance Information

Strong performances from investment grade financial and non-financial credit and sub-investment grade bonds during January and February continued during the early part of March. However, resurgent concerns about the periphery of Europe dominated investors thoughts again as the month closed out leaving credit markets broadly unchanged on the month.

Fund performance - calendar years (%)

Type	2012*	2011	2010	2009	2008
Fund	4.51	-5.42	0.18	11.52	N/A
Sector average	N/A	N/A	N/A	N/A	N/A
Quartile	0.12	0.50	0.50	0.64	N/A

Source: Lipper, mid-mid basis, net of fees as at 31 March 2012. Past performance is not a guide to future performance.

The Fund aims to provide a total return by investing in a portfolio of predominantly bonds whilst simultaneously hedging against interest rate risks.

Benchmark	Bank of England (BOE) Base Rate
IMA Sector	IMA Specialist
Fund Manager	Roger Webb & Luke Hickmore
Fund Launch Date	September 2008
Fund Size	£1097.8 million
Number of Holdings	276
Distribution/Underlying Yield#	2.5% p.a (gross)

SWIP Code	HSWCA_IFA 04/12
Sedol	B3B9589
ISIN	GB00B3B95890
Bloomberg	N/A
Lipper	LP65123762

GE Capital UK Fund FRN 2017	2.2%
Southern Gas FRN 2015	1.8%
Lloyds TSB Group	1.5%
Merrill Lynch 7.75% 2018	1.4%
Compass Group 7% 2014	1.3%
New York Life 5.125% 2015	1.3%
Treasury 4% 2016	1.3%
HSBC Holdings 6.375% 2022	1.2%
British Telecom 6.625% 2017	1.2%
Thames Water Utilities 2025	1.2%

Source: SWIP

All data as at 31 March 2012 unless otherwise stated

Yields shown are estimates based on a snapshot of the portfolio and are not guaranteed. Past performance is not a guide to future performance.

Important Information

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Reasons to invest

Highly experienced team

UK Equitues to boost returns

A thoroughly researched portfolio

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Invest in the Sterling Credit Advantage Fund

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020 7203 3333

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Fund alerts

Access the lastest fund alerts for the SWIP Sterling Credit Advantage Fund.

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Fund managers

Find out more about the manager, Luke Hickmore.

View biography

Scottish Widows Investment Partnership Limited (SWIP) is registered in England and Wales, Company No. 794936. Registered Office is at 33 Old Broad Street, London EC2N 1HZ. Tel: 0131 655 8500. SWIP is authorised and regulated by the Financial Services Authority and is entered on their register under number 193707 (www.fsa.gov.uk).