The Tideway GBP Hybrid Capital Fund aims to generate 5% per annum income, net of all expenses, from a hybrid capital fixed income portfolio with medium volatility.
The Fund is designed for investors with medium to long-term liquidity requirements (5 years plus).
The Fund is a more secure alternative to Equity Income as the assets and expected cash flow are typically ranked senior to equity in the issuing company balance sheet.
Note: it is important that before you invest, you should read the relevant Prospectus and KIID documents. These documents and the latest factsheet can be found in our Document Library.
These are the Fund's top holdings, as a % of NAV, as of 30-9-2018.
|Pension Insurance Corp (5.625, 20/09/30)||6.1%|
|Rothesay Life (6.875, Perp)||5.8%|
|Credit Agricole (7.5, Perp)||5.3%|
|Scottish Widows (7, 16/06/43)||5.2%|
|Virgin Money (8 3/4, 31/12/49)||4.9%|