This is a very solid monthly income bond fund. The fund runs quite a short duration, meaning it is less exposed to interest rates versus many other bond funds. The fund is a combination of investment grade and high yield bonds, with the manager varying the weight between these two buckets, depending on whether they want to be more aggressive or defensive.
Hilary Blandy
Hilary Blandy took over this fund in September 2020. Hilary joined the Jupiter fixed income team in 2012, prior to which she was head of credit research for the asset manager and played a critical role in the development of the Jupiter credit research team and process. In addition to this fund, Hilary also manages a number of credit sleeves for Jupiter’s multi-asset portfolios. Prior to joining Jupiter Hilary worked at Citi. She has a degree in Physics from Oxford university.
We like the fund’s simple, short-duration approach as it reduces both volatility and risk. Even if credit spreads and/or interest rates rise, the fund’s short-duration nature means it can quickly reinvest maturing cash at new rates. Hilary is a highly experienced manager and she has done a great job with this fund so far. The monthly income payment is also a nice feature, and when combined with the fund’s yield, makes this an attractive option for income seekers.
£402.6m
Buy
No
3
–
0.65%
Acc and Inc
6.75%
Elite Rated
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Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.
The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.
Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).
Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.
Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.
Funds assigned to an alternative IA sector; sector rankings may differ accordingly.
The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.
This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.
Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.
Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.
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The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).
The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.
