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HSBC UK Gilt Index Class C - Income (GBP)

Sell:115.22p Buy:115.22p Change: 0.41p (0.36%)
Prices as at 11 May 2021
Sell:115.22p
Buy:115.22p
Change: 0.41p (0.36%)
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 11 May 2021
Sell:115.22p
Buy:115.22p
Change: 0.41p (0.36%)
Prices as at 11 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 accumulation 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): 0.14%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.14%
There are other unit types of this fund available:
Class C - Accumulation (GBP) (Net ongoing charge 0.14%)

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:
HSBC Passive Fixed Income Team
Fund launch date: 7 June 2010
Sector: UK Gilt
Fund size: £151 million
Number of holdings: 67
Fund type: OEIC
Accumulation/income: Income
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

11/05/16 to 11/05/17 11/05/17 to 11/05/18 11/05/18 to 11/05/19 11/05/19 to 11/05/20 11/05/20 to 11/05/21
Annual return 6.03% -0.05% 2.68% 14.55% -7.49%

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 growth and income in the long term, which is a period of five years or more.To achieve its objective, the Fund will invest at least of 80% of its value in the shares (equities) of UK companies, including preference shares. 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 also invest up to 20% of its value in the shares of companies listed on a UK stock exchange that are not UK companies (as defined above). The Fund may invest no more than 10% of its value in the shares of companies that are neither UK companies nor listed on a UK stock exchange.The Fund may invest up to 10% of its value in collective investment schemes, which in turn invest in the shares of UK companies 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. 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 of 35 to 50 companies that can be purchased at an attractive valuation. The fund manager may vary this depending on market conditions and the investment opportunities that are available. The investment process is longer term in nature and as a result stewardship activity is integrated into investment decisions.Use of BenchmarksThe Fund is managed with reference to the FTSE All-Share Index. The level of risk the Fund may take is considered relative to the FTSE All-Share Index as part of the portfolio construction process. This means the Fund returns are more likely to be closer to the returns of the FTSE All-Share Index than if there were no limits on the level of risk the Fund may take. Separately, the Index is also 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.The performance of the Fund is therefore shown against the performance of the FTSE All-Share Index. The performance of the Fund may also be shown against the performance of the Investment Association UK All Companies sector for comparison purposes only.The FTSE All-Share Index has been selected as a benchmark for performance and risk measurement because it is representative of the companies in which the Fund may invest. The Investment Association UK All Companies 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 : 1.90%
Distribution yield : 2.30%
Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 16 May 2021 16 August 2021 16 November 2021 16 February 2022
Payment date: 15 July 20214 15 October 20214 15 January 20224 15 April 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 March 2021.

Security Weight
4¾% Treasury Gilt 2030 3.18%
4¼% Treasury Stock 2032 2.96%
4 1/2 Treasury 2034 2.80%
4¼% Treasury Gilt 2055 2.71%
1½% Treasury Gilt 2026 2.49%
4½% Treasury Gilt 2042 2.46%
4% Treasury Gilt 2060 2.46%
4¼% Treasury Stock 2036 2.44%
0 7/8% Treasury Gilt 2029 2.38%
5% Treasury Stock 2025 2.38%
Sector Weight
Bonds 100.02%
Cash and Equiv. 1.61%
Non-Classified -1.63%
Country Weight
United Kingdom 100.02%
Cash and Equiv. 1.61%
Non-Classified -1.63%

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 11 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.