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Algebris Investments Financial Credit Class I - Accumulation (GBP)

Sell:14,125.00p Buy:14,125.00p Change: 17.00p (0.12%)
Prices as at 28 May 2020
Change: 17.00p (0.12%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 28 May 2020
Change: 17.00p (0.12%)
Prices as at 28 May 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 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: Yes   View risks
Ongoing charge (OCF/TER): 0.61%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.61%
There are other unit types of this fund available:
Class I - Income (GBP) (Net ongoing charge 0.61%)

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
Sebastiano Pirro
Fund launch date: 3 September 2012
Sector: Specialist
Fund size: n/a
Number of holdings: n/a
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 22:30
Trustee: HSBC France - 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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01/06/15 to 01/06/16 01/06/16 to 01/06/17 01/06/17 to 01/06/18 01/06/18 to 01/06/19 01/06/19 to 01/06/20
Annual return 2.66% 12.77% 1.83% 2.96% 11.48%

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 aims to achieve a high level of income and modest growth of your investment. The Fund intends to invest in the financial sector globally, primarily in debt securities with fixed and variable interest rates, which may be rated investment or below investment grade. The Fund may also invest in convertible securities (bonds that can be converted into shares), hybrid securities (instruments that combine the characteristics of bonds and shares), preference shares, contingent convertible instruments (CoCoBonds) (bonds that can be converted into shares or its principal amount may be written down if a pre-specified trigger event occurs), subordinated debt and exchange traded funds (ETFs) (securities that track an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange). During times of high levels of market movements (volatility) the Fund may invest substantially in deposits. The Fund does not intend to invest directly in ordinary shares, however may acquire and hold ordinary shares where such ordinary shares are acquired by way of conversion from another security held by the Fund. The Fund may also enter into financial derivative instruments (FDI) for hedging and efficient portfolio management purposes. These FDI will include swaps, options, futures and forwards contracts. The Fund will take both long and short positions synthetically through the use of each of these FDIs as well as long positions through its direct investments. Certain financial instruments such as convertible securities and CoCo-Bonds may have embedded leverage or embed a derivative component. The Fund may invest in these securities for speculative or investment purposes.

Income Details

Underlying yield : 6.80%
Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 9 July 2020 8 October 2020 9 January 2021 8 April 2021
Payment date: 16 July 20204 15 October 20204 16 January 20214 15 April 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 30 September 2018.

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 28 May 2020. Data provided by Funds Library as at date not available.

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.