Fixed Income

The investment objective of the Waverton Sterling Bond Fund is to achieve capital growth and income through investment in UK and international government and corporate bonds. The fund uses some degree of flexibility in its allocation to duration, credit and currency in order to achieve its investment objectives. Designed as the sole fixed income building block within our Managed Portfolio Service, the fund targets a predictable return profile in excess of gilts. Its global, actively managed strategy provides diversification to multi-asset portfolios by targeting a negative correlation to risk assets. To maintain consistency and risk discipline, the fund adheres to three clear constraints: a minimum duration of five years, a maximum 20% allocation to sub-investment grade bonds, and a maximum 20% net exposure to non-GBP currencies after hedging.

The investment objective of the Waverton Global Strategic Bond Fund is to achieve capital growth and income through investment in UK and international government and corporate bonds. The fund has a highly flexible approach to duration, credit and currency. The fund is a direct expression of our unconstrained approach to maximising risk-adjusted returns within the fixed income asset class. We adopt a flexible, nimble strategy to capture opportunities globally, while using the convexity and optionality of derivatives to manage downside volatility. With an absolute return bias, the fund is benchmarked against cash to reflect its focus on capital preservation and delivering real returns through the cycle.