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BNY Mellon Global Absolute Return Inclusive - Income (GBP)

Sell:103.40p Buy:103.40p Change: 0.34p (0.33%)
Prices as at 22 May 2020
Change: 0.34p (0.33%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 22 May 2020
Change: 0.34p (0.33%)
Prices as at 22 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 accumulation 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): 1.72%
Ongoing saving from HL: 0.75% i
Net ongoing charge: 0.97%
There are other unit types of this fund available:
Inclusive - Accumulation (GBP) (Net ongoing charge 0.97%)

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: Inclusive
Steve Waddington
Fund launch date: 9 February 2013
Launch price: £1.00
Sector: Targeted Absolute Return
Fund size: £381 million
Number of holdings: 168
Fund type: ICVC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
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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22/05/15 to 22/05/16 22/05/16 to 22/05/17 22/05/17 to 22/05/18 22/05/18 to 22/05/19 22/05/19 to 22/05/20
Annual return -6.00% 7.38% 1.37% 0.21% -5.88%

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 objective of the Sub-Fund is to deliver positive returns on an annual basis with the prospect of attractive long-term capital growth. The Sub-Fund aims to deliver cash (3 month GBP LIBOR) +4% on a rolling annualised 5 year basis before fees. However, a positive return is not guaranteed and a capital loss may occur.The policy of the Sub-Fund is to gain exposure through a dynamic allocation to a range of asset classes including: fixed income, cash, near cash and deposits, equities, property, commodities and infrastructure. Exposure to these will be achieved through investment in collective investment schemes, transferable securities, money market instruments, deposits and derivatives. Investment in property, commodities and infrastructure will be indirect.The Sub-Fund may also use collective investment schemes to gain exposure to absolute return strategies and may use derivatives to obtain long and short exposures.Derivatives may be used for investment purposes as well as for efficient portfolio management.

Income Details

Historic yield : 0.49%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 30 June 2020
Payment date: 31 August 20204

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 April 2020.

Security Weight
Insight ILF GBP Liquidity Class 2 8.94%
iShares $ Corporate Bond UCITS ETF 8.85%
iShares Euro Corporate Bond Large Cap UCITS ETF 4.40%
HANDEL 0.905% CD 18/05/20 4.39%
TORONTO 0.9% CD 01/06/20 4.13%
UBS AG 0.9% ECD 15/06/20 3.87%
AUSTRALIA 3% 21/03/47 3.56%
Insight ILF EUR Cash Class 2 3.20%
ING BANK 0% ECP 05/05/20 3.10%
Sector Weight
Bonds 42.03%
Non-Classified 27.02%
Managed Funds 16.54%
Cash and Equiv. 9.46%
Alternative Trading Strategies 3.68%
Commodities 0.74%
Equity Investment Instruments 0.52%
Country Weight
Non-Classified 28.20%
Managed Funds 19.65%
United States 11.42%
Cash and Equiv. 9.46%
Sweden 4.97%
Canada 4.65%
United Kingdom 4.32%
Australia 3.97%
France 2.27%
Spain 2.06%

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 22 May 2020. Data provided by Funds Library, correct as at 30 April 2020.

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.