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abrdn AAA Bond Class I - Accumulation (GBP)

Sell:100.50p Buy:100.50p Change: No change
Prices as at 28 March 2024
Sell:100.50p
Buy:100.50p
Change: No change
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:100.50p
Buy:100.50p
Change: No change
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.
Also available as income 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: No  
Ongoing charge (OCF/TER): 0.59%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.59%
There are other unit types of this fund available:
Class I - Income (GBP) (Net ongoing charge 0.59%)

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:
Daniel McKernan
Fund launch date: 6 April 1999
Sector: GBP Corporate Bond
Fund size: £103 million
Number of holdings: 74
Fund type: OEIC
Accumulation/income: Accumulation
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 3.15% 0.74% -5.23% -5.67% 3.14%

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

To generate income and some growth over the long term (5 years or more) by investing in sterling-denominated bonds with a high degree of creditworthiness. Performance Target: To achieve the return of the Markit iBoxx Sterling Non Gilts AAA plus 0.65% per annum over rolling three year periods (before charges). There is no certainty or promise that the Performance Target will be achieved. The Markit iBoxx Sterling Non Gilts AAA Index (the "Index") is a representative index of the market for sterling denominated AAA rated bonds, excluding bonds issued by the UK Government.

Income Details

Distribution yield : 2.68%
Underlying yield : 2.68%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 March 2024 1 June 2024 1 September 2024 1 December 2024
Payment date: 30 April 20244 31 July 20244 31 October 20244 31 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. Information correct as at 31 December 2023.

Security Weight
INTL FINANCE CORP 0.75% 07/22/2027 3.48%
EUROPEAN INVESTMENT BANK 5.625% 06/07/2032 3.27%
ASIAN INFRASTRUCTURE INV 4.375% 06/11/2026 3.06%
CPPIB CAPITAL INC 1.125% 12/14/2029 2.88%
ASIAN DEVELOPMENT BANK 3.875% 02/10/2026 2.88%
INTL BK RECON & DEVELOP 0.25% 07/22/2026 2.65%
WELLCOME TRUST FINANCE 4.625% 07/25/2036 2.63%
LLOYDS BANK PLC 6% 02/08/2029 2.60%
KFW 4.125% 02/18/2026 2.51%
NATIONWIDE BLDG SOCIETY 5.625% 01/28/2026 2.47%
Sector Weight
Bonds 95.89%
Non-Classified 2.32%
Cash and Equiv. 1.79%
Country Weight
United Kingdom 18.91%
United States 14.08%
Germany 14.04%
Non-Classified 10.35%
Luxembourg 8.78%
Canada 6.72%
Philippines 6.63%
Netherlands 6.03%
Australia 4.26%
Singapore 2.51%

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 January 2024.

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.