HSBC Monthly Income Class C - Accumulation (GBP)
Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
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Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
Net initial charge: | 0.00% |
HL dealing charge: | Free |
Annual charges | |||
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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: | |||
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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
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Performance
09/10/19 to 09/10/20 | 09/10/20 to 09/10/21 | 09/10/21 to 09/10/22 | 09/10/22 to 09/10/23 | 09/10/23 to 09/10/24 | |
---|---|---|---|---|---|
Annual return | -14.74% | 18.81% | -6.37% | 9.77% | 12.79% |
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 chartOur 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
Security | Weight |
---|---|
SHELL | 6.48% |
GSK | 3.54% |
COMPASS GROUP | 2.43% |
BARCLAYS | 2.39% |
ROYAL BANK OF SCOTLAND GROUP | 2.03% |
TESCO | 2.00% |
NEXT | 1.81% |
UNILEVER | 1.77% |
PHOENIX GROUP HLDGS | 1.73% |
IG GROUP HLDGS | 1.59% |
Sector | Weight |
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Alternative Trading Strategies | 100.00% |
Country | Weight |
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Non-Classified | 100.00% |
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 October 2024. Data provided by Broadridge, correct as at 31 August 2024.
4 If you elect to receive the income from an ISA or a 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.