Algebris Global Credit Opportunitie Class I - Accumulation (GBP)
Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
---|---|
Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
Net initial charge: | 0.00% |
HL dealing charge: | Free |
Annual charges | |||
---|---|---|---|
Performance fee: | Yes View risks | ||
Ongoing charge (OCF/TER): | 1.03% | ||
Ongoing saving from HL: | 0.00% | ||
Net ongoing charge: | 1.03% | ||
There are other unit types of this fund available: | |||
|
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
Ready to invest?
To invest in , you'll need to have an account. Try our handy filter to explore the different options.
Ready to take your first step?
To invest in , you'll need to open an account. Try our handy filter and find out which suits you best.
Performance
01/11/19 to 01/11/20 | 01/11/20 to 01/11/21 | 01/11/21 to 01/11/22 | 01/11/22 to 01/11/23 | 01/11/23 to 01/11/24 | |
---|---|---|---|---|---|
Annual return | 7.61% | 7.70% | -6.17% | 9.45% | 14.80% |
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 chartOur 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
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 31 October 2024. Data provided by Broadridge as at date not available.
4 If you elect to receive the income from an ISA or a 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.