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CT Sterling Corporate Bond Class 2 - Income (GBP)

Sell:55.13p Buy:55.13p Change: 0.07p (0.13%)
Prices as at 28 March 2024
Sell:55.13p
Buy:55.13p
Change: 0.07p (0.13%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 28 March 2024
Sell:55.13p
Buy:55.13p
Change: 0.07p (0.13%)
Prices as at 28 March 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.56%
Ongoing saving from HL: 0.10% i
Net ongoing charge: 0.46%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Alasdair Ross
Fund launch date: 31 July 1995
Sector: GBP Corporate Bond
Fund size: £809 million
Number of holdings: 219
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Citibank
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

28/03/19 to 28/03/20 28/03/20 to 28/03/21 28/03/21 to 28/03/22 28/03/22 to 28/03/23 28/03/23 to 28/03/24
Annual return -0.68% 11.52% -5.64% -9.45% 6.39%

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 Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The Fund aims to provide income, with the prospect of some capital growth over the long term (5 years or more). The Fund is actively managed, and invests at least two-thirds of its assets in investment grade corporate bonds that are denominated in sterling (or hedged back to sterling, if a different currency), issued by UK companies and companies worldwide. In addition, the Fund may invest in other bonds (including below investment grade corporate bonds, and government bonds) when considered appropriate to achieve its investment objective. The Fund may also invest in other securities, as well as collective investment schemes (including funds managed by Columbia Threadneedle companies), and hold money market instruments, deposits, cash and near cash. The Fund is not permitted to invest in derivatives for investment purposes, but derivatives may be used with the aim of reducing risk or managing the Fund more efficiently.

Income Details

Distribution yield : 3.37%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 8 March 2024 8 June 2024 8 September 2024 8 December 2024
Payment date: 7 May 20244 7 August 20244 7 November 20244 7 February 20254

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 July 2023.

Security Weight
4 1/8% Treasury Gilt 2027 6.32%
INTL BK RECON & DEVELOP 0.25 23/09/2027 2.77%
KFW 0.875 15/09/2026 2.54%
7/8 Treasury 2046 1.76%
E.ON INTL FINANCE BV 6.25 03/06/2030 1.61%
BANK OF AMERICA CORP 1.667 02/06/2029 1.59%
4½% Treasury Gilt 2028 1.55%
BACARDI LTD 4.70 15/05/2028 1.50%
GE CAPITAL UK FUNDING UN 5.875 18/01/2033 1.42%
AT&T INC 4.25 01/06/2043 1.39%
Sector Weight
Bonds 94.51%
Non-Classified 4.86%
Cash and Equiv. 0.66%
Alternative Trading Strategies -0.04%
Country Weight
United Kingdom 40.28%
Non-Classified 16.77%
United States 14.65%
Germany 6.60%
Netherlands 5.16%
France 5.04%
Luxembourg 4.11%
Switzerland 1.50%
Australia 1.28%
Spain 0.88%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 28 March 2024. Data provided by Broadridge, correct as at 31 October 2023.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

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.