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abrdn Sterling Money Market Class I - Accumulation (GBP)

Sell:125.53p Buy:125.53p Change: 0.03p (0.02%)
Prices as at 14 June 2024
Sell:125.53p
Buy:125.53p
Change: 0.03p (0.02%)
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 14 June 2024
Sell:125.53p
Buy:125.53p
Change: 0.03p (0.02%)
Prices as at 14 June 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): 0.15%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.15%
There are other unit types of this fund available:
Class I - Income (GBP) (Net ongoing charge 0.15%)

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:
Liquidity Management Team
Fund launch date: 9 August 1990
Sector: Money Market
Fund size: £641 million
Number of holdings: 44
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

14/06/19 to 14/06/20 14/06/20 to 14/06/21 14/06/21 to 14/06/22 14/06/22 to 14/06/23 14/06/23 to 14/06/24
Annual return 0.68% 0.10% 0.22% 3.03% 5.29%

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 generate income and preserve some capital over the short term (2 years or less) by investing in cash deposits and money market instruments. Performance Target: The fund targets a return equivalent to SONIA. There is no certainty or promise that the Performance Target will be achieved. SONIA is the Sterling Overnight Index Average and is the representative rate for the return on cash deposits.

Income Details

Distribution yield : 3.06%
Underlying yield : 3.06%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 May 2024 1 August 2024 1 November 2024 1 February 2025
Payment date: 31 July 20244 31 October 20244 31 January 20254 30 April 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 March 2024.

Security Weight
Aberdeen Sterling Class Z1 3.43%
CD GBP MM_NBAD 10/05/2023 10/02/2023 4.1400% 2.73%
Bank of Nova Scotia/The 1.57%
Bank of Montreal 1.56%
CD GBP NACA 31/05/2023 30/11/2022 4.24% 1.56%
CD GBP NORDEA 03/07/2023 03/01/2023 4.3600% 1.56%
CP GBP ABUDCB 09/05/2023 08/02/2023 1.56%
CD GBP UBS 12/01/2024 14/02/2023 4.4900% 1.56%
CDZC GBP CITI 09/05/2023 06/02/2023 1.56%
CDZC GBP STDLON 12/05/2023 12/01/2023 1.56%
Sector Weight
Alternative Trading Strategies 56.65%
Non-Classified 25.73%
Bonds 15.35%
Managed Funds 3.43%
Cash and Equiv. -1.15%
Country Weight
Non-Classified 82.37%
Canada 7.08%
Managed Funds 3.43%
United Kingdom 2.97%
Australia 2.18%
Finland 1.87%
United States 0.78%
United Arab Emirates 0.47%
Cash and Equiv. -1.15%

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 14 June 2024. Data provided by Broadridge, correct as at 30 September 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.