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ASI Sterling Short Dated Corporate Bond Class I - Income (GBP)

Sell:101.56p Buy:101.56p Change: 0.01p (0.01%)
Prices as at 27 November 2020
Sell:101.56p
Buy:101.56p
Change: 0.01p (0.01%)
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 27 November 2020
Sell:101.56p
Buy:101.56p
Change: 0.01p (0.01%)
Prices as at 27 November 2020
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.

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): 0.35%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.35%

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:
Sterling IG and Aggregate Team
Fund launch date: 3 October 2016
Sector: UK Corporate Bond
Fund size: £81 million
Number of holdings: 136
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Citibank
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

27/11/15 to 27/11/16 27/11/16 to 27/11/17 27/11/17 to 27/11/18 27/11/18 to 27/11/19 27/11/19 to 27/11/20
Annual return n/a 1.77% -0.10% 3.88% 3.37%

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 medium term (3 to 5 years) by investing in Sterling denominated investment grade corporate bonds with maturities of up to 5 years. Performance Target: To achieve the return of the iBoxx Sterling Corporates (1-5 year) Index plus 0.25% per annum (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the index.

Income Details

Distribution yield : 1.81%
Underlying yield : 1.81%
Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 1 November 2020 1 February 2021 1 May 2021 1 August 2021
Payment date: 31 January 20214 30 April 20214 31 July 20214 31 October 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 2020.

Security Weight
FRIENDS LIFE HLDGS 8.25% 21/04/22 GBP 2.55%
LEND LEASE EUROPE FIN 6.125% 12/10/21 GBP 2.38%
DEUTSCHE BANK 2.625% 16/12/24 EMTN GBP 2.07%
AVIVA 6.625% FRN 03/06/41 EMTN GBP 1.96%
ZURICH FINANCE UK 6.625% PERP EMTN GBP 1.64%
AMP GRP FINANCE SERV 6.875% 23/08/22 GBP 1.55%
CYBG 7.875% VAR 14/12/28 GMTN GBP 1.44%
YORKSHIRE WATER FINANCE BRAD 3.75% FRN 22/03/46 EMTN GBP 1.43%
ABN AMRO BANK 4.4% VAR 27/03/28 USD 1.42%
HSBC HLDGS 2.175% VAR 27/06/23 GBP 1.40%
Sector Weight
Bonds 99.37%
Cash and Equiv. 6.46%
Alternative Trading Strategies -5.83%
Country Weight
United Kingdom 48.65%
United States 16.04%
Netherlands 9.32%
Cash and Equiv. 6.46%
Germany 5.22%
Australia 5.05%
France 3.54%
Canada 2.60%
Norway 2.37%
Switzerland 1.69%

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 27 November 2020. Data provided by Funds Library, correct as at 31 October 2020.

FundsLibrary
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.