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Algebris Global Credit Opportunitie Class I - Income (GBP)

Sell:11,783.00p Buy:11,783.00p Change: 10.00p (0.09%)
Prices as at 26 March 2024
Sell:11,783.00p
Buy:11,783.00p
Change: 10.00p (0.09%)
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 26 March 2024
Sell:11,783.00p
Buy:11,783.00p
Change: 10.00p (0.09%)
Prices as at 26 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.
Also available as accumulation units Help

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: Yes   View risks
Ongoing charge (OCF/TER): 1.06%
Ongoing saving from HL: 0.00%
Net ongoing charge: 1.06%
There are other unit types of this fund available:
Class I - Accumulation (GBP) (Net ongoing charge 1.06%)

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:
James Freidman
Fund launch date: 19 July 2016
Sector: Global Bonds
Fund size: n/a
Number of holdings: n/a
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 22:30
Trustee: BNP Paribas Dublin Branch
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

27/03/19 to 27/03/20 27/03/20 to 27/03/21 27/03/21 to 27/03/22 27/03/22 to 27/03/23 27/03/23 to 27/03/24
Annual return 6.81% 24.82% -5.04% 0.32% 18.30%

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 achieve a high level of income diversifying across global bond and credit markets. The Fund intends to invest primarily in the following asset classes: debt securities to include corporate or government bonds with fixed or variable interest, investment or below investment grade, mortgage-backed and other asset-backed securities, senior and subordinated financial debt, convertible securities (bonds that can be converted into shares), contingent convertible instruments (e.g. “CoCo Bonds”) (bonds that can be converted into shares or its principal amount may be written down if a pre-specified trigger event occurs), hybrid securities (a security which combines both debt and equity characteristics), Tier 1 and upper and lower Tier 2 securities (which are forms of bank capital), and trust preferred securities (a type of hybrid security). Although the Fund will primarily invest in the asset classes listed above, it may also invest in certain other asset classes including equity and equity-related securities, exchange traded funds and ancillary liquid assets in order to increase portfolio diversification and improve liquidity. The Fund may also enter into financial derivative instruments (FDI) which may embed leverage or embed a derivative component for investment, efficient portfolio management and hedging. Such FDI include swaps, contracts for difference (“CFDs”), options, futures, forwards, and commodity index futures and total return swaps on commodity indices which meet the requirements of and have, where necessary, been cleared by the Central Bank of Ireland.The Fund may invest substantially all of its assets in deposits with credit institutions (or other ancillary liquid assets) during periods of high levels of market movement (volatility).

Income Details

Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 12 April 2024 10 July 2024 9 October 2024 10 January 2025
Payment date: 19 April 20244 17 July 20244 16 October 20244 17 January 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. There is currently no yield information available for this fund.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

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 26 March 2024. Data provided by Broadridge as at date not available.

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.