Hargreaves Lansdown

HL Multi-Manager Special Situations Trust Accumulation (GBP)

Sell: 251.93pBuy: 265.04p0.16p (0.06%)

Prices as at 27 November 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.

Charges and Savings

Fund manager's initial charge: 5.00%
HL saving on initial charge: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 0.75%
HL saving on annual charge (loyalty bonus): 0.00%
Net annual charge: 0.75%
 
Fund manager's other expenses: 0.89%
Performance fee: No  

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Unbundled
Manager: Multiple
Fund launch date: 3 April 2001
Sector: Global
Fund size: £851 million
Number of holdings: 16
Fund type: Unit Trust
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 11:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

27/11/09 to 27/11/10 27/11/10 to 27/11/11 27/11/11 to 27/11/12 27/11/12 to 27/11/13 27/11/13 to 27/11/14
Annual return 16.52% -8.02% 14.88% 25.99% 6.2%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The fund offers exposure to the Hargreaves Lansdown investment team's best equity fund ideas from across the globe. It could be considered by investors comfortable taking equity risk with the aim of achieving capital growth over the long term.

Read more HL research on this fund

Fund Objective

The investment objective of the Trust is to provide long term capital growth.

Income Details

Historic yield : 0.23%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 October 2014 1 April 2015
Payment date: 30 November 20144 31 May 20154

All yields are variable and not guaranteed. Information correct as at 1 October 2014.

Sector Weight
Cash and Equiv. 7.22%
Support Services 6.86%
Banks 6.36%
Pharmaceuticals & Biotechnology 6.19%
Financial Services 5.58%
Software & Computer Services 4.33%
Media 4.23%
General Retailers 3.97%
Travel & Leisure 3.63%
Industrial Engineering 3.54%
Country Weight
United Kingdom 36.18%
Japan 12.95%
United States 10.48%
Cash and Equiv. 7.22%
India 3.05%
Germany 3.02%
Hong Kong 2.56%
France 2.23%
Switzerland 2.23%
Netherlands 2.00%

Fund Manager

1 of 2
Photo of Roger Clark

Key facts

Roger Clark
Manager start date 01/06/2007
Manager located in Bristol

Biography

Roger holds a BA Hons in Management and Statistics from the University of Exeter. Roger joined Hargreaves Lansdown in January 2004 and became a member of the Investment team in January 2006. As well as carrying out our quantitative analysis, Roger has been the co manager of the HL Multi-Manager Special Situations Trust since June 2007. He has specialist responsibility for analysis of the European and Emerging Markets sectors as well as all Boutique funds. Roger passed the Investment Management Certificate exam. He is a CAIA charterholder.

Photo of Lee Gardhouse

Key facts

Lee Gardhouse
Manager start date 03/04/2001
Manager located in Bristol

Biography

Lee is the manager of the HL Multi-Manager Equity & Bond Trust, the HL Multi-Manager Special Situations Trust, the HL Multi-Manager Income & Growth Trust and the HL Multi-Manager Strategic Bond Trust. He holds a BA Hons degree in Economics from Liverpool John Moores University. Lee has been part of the investment team at Hargreaves Lansdown since 1995, specialising in the Investment Trust and Multi-manager arenas. He passed the Associate of the Society of Investment Professionals exam.

You can buy or sell holdings in this fund through a ISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 27 November 2014. Data as at 1 November 2014.

Wealth 150 fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Core Tracker fund

The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.