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CT Sterling Short-Term Money Market Income - Class 1 - GBP

Sell:100.97p Buy:100.97p Change: 0.01p (0.01%)
Prices as at 13 June 2024
Sell:100.97p
Buy:100.97p
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 13 June 2024
Sell:100.97p
Buy:100.97p
Change: 0.01p (0.01%)
Prices as at 13 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.

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): 0.23%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.23%

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:
Danny Ramos
Fund launch date: 31 January 2008
Sector: Money Market
Fund size: £197 million
Number of holdings: 28
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Citibank
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: No
Minimum regular savings value: n/a

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Performance

12/06/19 to 12/06/20 12/06/20 to 12/06/21 12/06/21 to 12/06/22 12/06/22 to 12/06/23 12/06/23 to 12/06/24
Annual return 0.44% -0.16% 0.06% 2.72% 5.08%

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 provide income and preserve the original value of your investment, however, this is not guaranteed. The Fund is actively managed, and looks to provide income returns broadly in line with the 1-month compounded SONIA (Sterling Overnight Index Average) rate, before charges are deducted. The Fund invests in short-term assets of high credit quality from issuers that have received a favourable assessment in accordance with credit-quality assessment procedures adopted by the Fund. These investments may include UK Government securities (including Treasury bills) with a maturity of 184 days or less, sterling-denominated cash deposits and certificates of deposit. In addition, up to 50% of the Fund may be invested in sterling-denominated commercial paper, also with a maturity of 184 days or less. Investment in other short-term money market funds is permitted, but limited in total to 10% of the Fund’s value. The 1-month compounded SONIA rate is considered a suitable interest rate benchmark against which the Fund’s performance can be measured and evaluated over time. The benchmark reflects the rate of interest paid on unsecured short-term transactions in the British sterling market, and represents a similar return profile to assets held in the Fund.

Income Details

Historic yield : 4.98%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 8 September 2024 8 March 2025
Payment date: 7 November 20244 7 May 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 30 April 2024.

Security Weight
UK TREASURY BILL GBP 0.00 18/03/2024 3.81%
UK TREASURY BILL GBP 0.00 25/03/2024 3.80%
UK TREASURY BILL GBP 0.00 22/04/2024 3.79%
UBS AG 5.25% 05/08/2024 3.57%
CREDIT AGRICOLE CORPORATE AND INVE 5.3 01-July-2024 3.56%
ABN AMRO Bank NV 0.00% 11/04/2024 3.54%
UK TREASURY BILL GBP 0.00 20/05/2024 3.52%
Handelsbanken plc 0.00% 01/03/2024 3.31%
HANDELSBANKEN PLC 0.0 01-August-2024 3.24%
BLACKROCK ICS STERL LIQ - PREM DIS 3.14%
Sector Weight
Bonds 45.65%
Non-Classified 37.76%
Cash and Equiv. 16.59%
Country Weight
Non-Classified 37.76%
United Kingdom 33.36%
Cash and Equiv. 16.59%
France 3.56%
Canada 3.09%
United States 3.07%
Australia 2.58%

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 13 June 2024. Data provided by Broadridge, correct as at 29 February 2024.

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.