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HSBC Monthly Income Class C - Accumulation (GBP)

Sell:325.51p Buy:325.51p Change: 1.42p (0.44%)
Prices as at 15 October 2021
Change: 1.42p (0.44%)
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 15 October 2021
Change: 1.42p (0.44%)
Prices as at 15 October 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): 0.64%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.64%
There are other unit types of this fund available:
Class C - Income (GBP) (Net ongoing charge 0.64%)

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: £105 million
Number of holdings: 99
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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15/10/16 to 15/10/17 15/10/17 to 15/10/18 15/10/18 to 15/10/19 15/10/19 to 15/10/20 15/10/20 to 15/10/21
Annual return 6.94% -5.46% 8.26% -17.31% 23.62%

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. The FTSE All-Share Index and Markit iBoxx GBP Corporates Index are considered as part of our investment risk monitoring process, to check that the overall level of risk taken by the fund manager is not inconsistent with the UK equities market and sterling corporate bond market.The performance of the Fund is therefore shown against the performance of a combined benchmark consisting of a weighting of 70% FTSE All-Share Index and 30% Markit iBoxx GBP Corporates Index. The income of the Fund is compared to the income of the FTSE All-Share Index over three-year periods. The performance of the Fund may also be shown against the performance of the Investment Association UK Equity & Bond sector for comparison purposes.The FTSE All-Share Index and Markit iBoxx GBP Corporates Index have been selected to be used as a combined benchmark for performance comparison and risk measurement because they are representative of the companies and bonds in which the Fund may invest. The Investment Association UK Equity & Bond sector has been selected as a benchmark for performance comparison because it consists of funds similar to the Fund. Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK investment managers), to help investors to compare funds with broadly similar characteristics.Use of DerivativesThe Fund may invest in exchange traded and over-the-counter derivatives in accordance with Part D of Appendix 3. Although the Fund has the ability to use currency forward contracts or other derivative instruments to hedge against movements in the rate of exchange between sterling and other currencies in which the Fund’s assets may be denominated, the Fund does not currently do so.

Income Details

Historic yield : 2.75%
Income paid: Monthly
Type of payment: Dividend
Ex-dividend date: 16 October 2021 16 November 2021 16 December 2021 16 January 2022 16 February 2022 16 March 2022 16 April 2022 16 May 2022 16 June 2022 16 July 2022 16 August 2022 16 September 2022
Payment date: 15 November 20214 15 December 20214 15 January 20224 15 February 20224 15 March 20224 15 April 20224 15 May 20224 15 June 20224 15 July 20224 15 August 20224 15 September 20224 15 October 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: date unavailable.

Security Weight
BP 3.45%
4¾% Treasury Gilt 2030 3.19%
Sector Weight
Bonds 25.91%
Non-Renewable Energy 7.42%
Banks 7.40%
Industrial Metals & Mining 6.84%
Pharmaceuticals & Biotechnology 6.59%
Industrial Support Services 6.14%
Cash and Equiv. 5.54%
Personal Care, Drug & Grocery Stores 4.42%
Retailers 3.16%
Travel & Leisure 2.96%
Country Weight
United Kingdom 80.62%
Cash and Equiv. 5.54%
United States 4.77%
France 4.21%
Ireland 2.45%
Spain 1.75%
Australia 0.87%
Netherlands 0.60%
Italy 0.36%
Non-Classified -1.18%

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 15 October 2021. Data provided by Funds Library, correct as at 30 June 2021.

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.