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HSBC Corporate Bond Class C - Accumulation (GBP)

Sell:306.54p Buy:306.54p Change: 1.68p (0.55%)
Prices as at 29 May 2024
Change: 1.68p (0.55%)
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 29 May 2024
Change: 1.68p (0.55%)
Prices as at 29 May 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.
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: No  
Ongoing charge (OCF/TER): 0.37%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.37%
There are other unit types of this fund available:
Class C - Income (GBP) (Net ongoing charge 0.37%)

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
Mohamed Imtiaz Siddeeq
Fund launch date: 19 February 1996
Sector: GBP Corporate Bond
Fund size: £174 million
Number of holdings: 169
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: State Street Trustees Limited
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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29/05/19 to 29/05/20 29/05/20 to 29/05/21 29/05/21 to 29/05/22 29/05/22 to 29/05/23 29/05/23 to 29/05/24
Annual return 7.14% 5.22% -9.39% -9.22% 10.77%

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 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 provide a regular and competitive level of income from an underlying portfolio of predominantly Sterling Corporate Bonds.To invest predominantly in corporate bonds and other fixed interest securities. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and collective investment schemes.The Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. However, where derivatives are used for the purposes of meeting the investment objective of the Fund it is not intended that the use of derivatives would raise the overall risk profile of the Fund.The Corporate Bond Fund invests primarily in investment grade corporate bonds (but also can take exposure in sub investment grade bonds) in order to achieve a better return than the market. The Fund invests in a variety of fixed income securities including, but not limited to, fixed and floating rate securities, senior and subordinated securities, bullet, callable and perpetual securities denominated or hedged back into sterling. In addition, the Fund uses derivatives, both interest rate and credit, to achieve its aim. The Investment Objective is achieved by changing the overall position of the Fund against its benchmark in respect to duration, yield curve and credit exposure.

Income Details

Distribution yield : 4.20%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 15 April 2024 16 July 2024 15 October 2024 16 January 2025
Payment date: 15 June 20244 15 September 20244 15 December 20244 15 March 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
ICF Long Gilt Future Jun 2024 8.41%
Hsbc Sterling Esg Liquidity Fund Y Inc 5.61%
HSBC Global Investment Funds - INC 2.36%
Royal Bank of Scotland Grou 3.125% VRN 28/03/2027 2.11%
Barclays PLC 3.75% VRN 22/11/2030 1.93%
M and G PLC 3.875% VRN 20/07/2049 1.66%
AT and T Inc 2.9% 04/12/2026 1.63%
Scottish & Southern 8.375% 20/11/2028 1.53%
1¼% Treasury Gilt 2051 1.53%
Santander UK Group Holdings 2.92% VRN 08/05/2026 1.53%
Sector Weight
Bonds 87.12%
Non-Classified 11.28%
Managed Funds 7.98%
Cash and Equiv. -1.48%
Alternative Trading Strategies -4.90%
Country Weight
United Kingdom 43.72%
Non-Classified 13.93%
France 8.83%
Managed Funds 7.98%
United States 7.91%
Netherlands 3.57%
Luxembourg 2.81%
Switzerland 2.57%
Spain 2.31%
Germany 1.57%

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

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.