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HSBC Monthly Income Class C - Accumulation (GBP)

Sell:364.95p Buy:364.95p Change: 0.48p (0.13%)
Prices as at 17 June 2024
Change: 0.48p (0.13%)
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 17 June 2024
Change: 0.48p (0.13%)
Prices as at 17 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.
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): 0.60%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.60%
There are other unit types of this fund available:
Class C - Income (GBP) (Net ongoing charge 0.60%)

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: 5 January 1994
Sector: UK Equity & Bond Income
Fund size: £78 million
Number of holdings: 122
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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14/06/19 to 14/06/20 14/06/20 to 14/06/21 14/06/21 to 14/06/22 14/06/22 to 14/06/23 14/06/23 to 14/06/24
Annual return -11.67% 16.40% -1.64% 4.23% 10.32%

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

The Fund aims to provide a monthly income together with growth in the long term, which is a period of five years or more.To achieve its objective the Fund will invest at least 80% of its value in a combination of shares (equities) of UK companies and bonds issued by UK companies. UK companies are deemed to be those that are domiciled or incorporated in the UK or earn at least 80% of their revenue from the UK.The Fund may invest up to 20% of its value in other assets, including shares and bonds of non-UK companies.The Fund may invest up to 10% of its value in collective investment schemes, which in turn invest in the shares of companies, bonds and other assets. The collective investment schemes may be managed by the HSBC Group.The Fund may invest in money market instruments, deposits and cash to manage day-to-day cash flow requirements.The Fund may invest in derivatives for efficient portfolio management purposes, including hedging. This means investment techniques that aim to reduce risks, reduce costs or generate growth and income with a level of risk that is consistent with the risk profile of the Fund. On giving 60 days’ notice to Shareholders the Fund may also use derivatives for broader investment purposes to help the Fund meet its objective.The investment process aims to identify companies that deliver longer term value creation in a sustainable manner. The fund manager will typically invest in the shares and bonds of companies that can be purchased at an attractive valuation. The investment process is longer term in nature and as a result stewardship activity is integrated into investment decisions.Under typical market conditions the allocation target is 70% in shares of companies and 30% in bonds. It is important to remember that the actual asset allocation of the Fund will depend on market conditions.Use of BenchmarkThe Fund is managed with reference to the FTSE All-Share Index and Markit iBoxx GBP Corporates Index.

Income Details

Historic yield : 4.19%
Income paid: Monthly
Type of payment: Dividend
Ex-dividend date: 16 June 2024 16 July 2024 16 August 2024 16 September 2024 16 October 2024 16 November 2024 16 December 2024 16 January 2025 16 February 2025 16 March 2025 16 April 2025 16 May 2025
Payment date: 15 July 20244 15 August 20244 15 September 20244 15 October 20244 15 November 20244 15 December 20244 15 January 20254 15 February 20254 15 March 20254 15 April 20254 15 May 20254 15 June 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.

Sector Weight
Bonds 22.71%
Non-Renewable Energy 9.90%
Pharmaceuticals & Biotechnology 7.77%
Cash and Equiv. 6.96%
Banks 6.88%
Industrial Support Services 6.22%
Industrial Metals & Mining 5.25%
Aerospace & Defence 3.73%
Personal Care, Drug & Grocery Stores 3.50%
Household Goods & Home Construction 3.28%
Country Weight
United Kingdom 74.37%
Cash and Equiv. 6.96%
United States 3.99%
France 3.84%
Non-Classified 3.55%
Ireland 2.11%
Australia 1.48%
Netherlands 1.20%
Canada 0.70%
Germany 0.51%

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 17 June 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.