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HSBC Gilt & Fixed Interest Class C - Accumulation (GBP)

Sell:509.05p Buy:509.05p Change: 0.49p (0.10%)
Prices as at 10 May 2021
Sell:509.05p
Buy:509.05p
Change: 0.49p (0.10%)
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 10 May 2021
Sell:509.05p
Buy:509.05p
Change: 0.49p (0.10%)
Prices as at 10 May 2021
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): 0.40%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.40%
There are other unit types of this fund available:
Class C - Income (GBP) (Net ongoing charge 0.40%)

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:
Richard Balfour
Fund launch date: 1 October 1980
Sector: UK Gilt
Fund size: £53 million
Number of holdings: 59
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: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

10/05/16 to 10/05/17 10/05/17 to 10/05/18 10/05/18 to 10/05/19 10/05/19 to 10/05/20 10/05/20 to 10/05/21
Annual return 5.46% 0.17% 2.39% 13.74% -7.43%

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 provide a regular and competitive level of income from an underlying portfolio of gilts and other highly rated fixed interest securities.To invest predominantly in British Government stocks and other fixed interest stock whether issued in Great Britain or any other country in the world.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 Gilt & Fixed Interest Fund invests in UK government securities and interest rate derivatives in order to achieve a better return than the market. This is achieved by changing the overall duration of the Fund and its yield curve positioning relative to the benchmark. It can also gain exposure to investment grade or high-yield credit through the use of credit default swaps.

Income Details

Distribution yield : 1.90%
Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 16 April 2021 16 July 2021 16 October 2021 16 January 2022
Payment date: 15 June 20214 15 September 20214 15 December 20214 15 March 20224

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 December 2019.

Security Weight
4¼% Treasury Gilt 2055 5.87%
4¾% Treasury Gilt 2030 5.52%
0 1/8% Treasury Gilt 2026 4.82%
0 5/8% Treasury Gilt 2025 4.29%
United States Treasury NoteBond 1.5% 15/02/2030 4.06%
United States Treasury NoteBond 0.125% 30/09/2022 4.05%
4¼% Treasury Stock 2032 4.04%
5% Treasury Stock 2025 3.79%
2½% Treasury Gilt 2065 3.65%
4¼% Treasury Stock 2036 3.61%
Sector Weight
Bonds 98.45%
Alternative Trading Strategies 5.64%
Managed Funds 0.56%
Cash and Equiv. 0.15%
Non-Classified -4.80%
Country Weight
United Kingdom 88.13%
United States 8.11%
Spain 2.21%
Non-Classified 0.84%
Managed Funds 0.56%
Cash and Equiv. 0.15%

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 10 May 2021. Data provided by Funds Library, correct as at 28 February 2021.

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.