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Aberdeen Standard SICAV I Indian Bond Class R1 - Income (GBP)

Sell:911.68p Buy:911.68p Change: 4.76p (0.52%)
Prices as at 21 February 2020
Sell:911.68p
Buy:911.68p
Change: 4.76p (0.52%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 21 February 2020
Sell:911.68p
Buy:911.68p
Change: 4.76p (0.52%)
Prices as at 21 February 2020
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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: 6.38%
Initial saving from HL: 6.38%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.80%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.80%
There are other unit types of this fund available:
Class R2 - Accumulation (GBP) (Net ongoing charge 0.80%)
Income - USD - Class I1 (Net ongoing charge 0.76%)

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:
Global Emerging Market Debt Team
Fund launch date: 1 September 2015
Sector: Unclassified
Fund size: £254 million
Number of holdings: 61
Fund type: SICAV
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Other
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

21/02/15 to 21/02/16 21/02/16 to 21/02/17 21/02/17 to 21/02/18 21/02/18 to 21/02/19 21/02/19 to 21/02/20
Annual return n/a n/a n/a 4.46% 10.94%

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.

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Our view on this fund

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments, we believe the Wealth 50 is a good place to start. View funds on the Wealth 50 »

Fund Objective

The Fund's investment objective is long term total return to be achieved by investing at least two-thirds of the Fund's assets in Debt and Debt-Related Securities which are issued by government or government-related bodies domiciled in India, and/or corporations (including holding companies of such corporations) with their registered office, principal place of business or the preponderance of their business activities in India; and/or in Debt and Debt-Related Securities issued by non-Indian domiciled corporations or governments which are denominated in Indian Rupee. The Fund may utilise financial derivative instruments for hedging and/or investment purposes, or to manage foreign exchange risks, subject to the conditions and within the limits laid down by applicable laws and regulations. Without limiting the generality of the foregoing, the Investment Manager may alter the currency exposure of the Fund, solely through the use of derivative contracts (without buying or selling underlying Transferable Securities or currencies). Furthermore, the Fund's portfolio may be fully or partially hedged back to the Base Currency if, in the opinion of the Investment Manager, this is believed to be appropriate. The Fund is actively managed. The Fund does not aim to outperform any benchmark and there is no benchmark used as a reference for portfolio construction. The Markit iBoxx Asia India Index (USD) benchmark is used as a basis for setting risk constraints. The Investment Manager seeks to reduce the risk of significant changes in the value of the Fund compared to this index. The potential change in value of the Fund (as measured by expected volatility) is not ordinarily expected to exceed 150% of the potential change in value of this index over the longer term. The Markit iBoxx Asia India Index (USD) is a government bond only index. Investors should be aware that the Indian bond market operates with capital controls as of writing in 2019. Other than the requirement for foreign investors to register as foreign portfolio investors (FPIs), foreign exposure to the bond market is capped and investment in bonds is regulated via a quota system, with separate quotas for government, corporate and state debt bonds. These quotas can be used freely until the entire limit for each quota respectively is utilised. As a result, it is possible that at certain times the Manager may not have full access to the market or parts thereof, which may influence the ability to manage risk versus the index. As a result the fund seeks to provide diversified exposure to the overall local currency bond market rather than replicate or manage exposure against the index.

Income Details

Distribution yield : 5.90%
Underlying yield : 5.90%
Income paid: Monthly
Type of payment: Interest
Ex-dividend date: 1 February 2020 1 March 2020 1 April 2020 1 May 2020 1 June 2020 1 July 2020 1 August 2020 1 September 2020 1 October 2020 1 November 2020 1 December 2020 1 January 2021
Payment date: 28 February 20204 31 March 20204 30 April 20204 31 May 20204 30 June 20204 31 July 20204 31 August 20204 30 September 20204 30 October 20204 30 November 20204 31 December 20204 31 January 20214

This data is provided by Funds Library. 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 October 2019.

Security Weight
INDIA (REP OF) 7.59% 11/01/26 INR 7.31%
INDIA (REP OF) 8.24% 15/02/27 SPB INR 6.72%
HDFC BANK 7.95% 21/09/26 INR 4.87%
INDIA (REP OF) 7.72% 25/05/25 INR 4.83%
INDIA (REP OF) 8.6% 02/06/28 INR 4.81%
INDIAN RAILWAY FINANCE 8.45% 04/12/28 129 INR 4.45%
HINDUSTAN PETROLEUM CORP 7% 14/08/24 2 INR 4.25%
NATL HIGHWAYS AUTH O 7.7% 13/09/29 5 INR 3.82%
ICICI BANK 7.6% 07/10/23 INR 3.68%
INDIABULLS HOUSING FIN 8.9% 26/09/21 3B INR 3.59%
Sector Weight
Bonds 95.82%
Cash and Equiv. 4.16%
Alternative Trading Strategies 0.02%
Non-Classified 0.00%
Country Weight
India 95.82%
Cash and Equiv. 4.16%
Non-Classified 0.01%

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 21 February 2020. Data provided by Funds Library, correct as at 31 December 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.