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Investec Target Return Inclusive - Class A - Accumulation (GBP)

Sell:99.02p Buy:99.02p Change: 0.06p (0.06%)
Prices as at 24 May 2019
Sell:99.02p
Buy:99.02p
Change: 0.06p (0.06%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 24 May 2019
Sell:99.02p
Buy:99.02p
Change: 0.06p (0.06%)
Prices as at 24 May 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.

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): 1.34%
Ongoing saving from HL: 0.60% i
Net ongoing charge: 0.74%
There are other unit types of this fund available:
Class I - Accumulation (GBP) (Net ongoing charge 0.74%)
Class I - Income (GBP) (Net ongoing charge 0.74%)

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: Inclusive
Manager:
Multiple
Fund launch date: 10 October 2005
Launch price: £1.00
Sector: Targeted Absolute Return
Fund size: £102 million
Number of holdings: 353
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

Performance

24/05/14 to 24/05/15 24/05/15 to 24/05/16 24/05/16 to 24/05/17 24/05/17 to 24/05/18 24/05/18 to 24/05/19
Annual return -0.34% -1.78% -0.53% -3.90% -2.43%

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 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

The Fund aims to produce a positive return above overnight GBP LIBOR over rolling 3 year periods regardless of market conditions by investing primarily in interest bearing assets and related derivatives. The Fund targets a return of overnight GBP LIBOR +2.5% (gross of fees) per annum over rolling 3 year periods. While the Fund aims to achieve a positive return and its performance target, there is no guarantee either will be achieved over rolling 3 year periods or over any period of time. There is no guarantee that all capital invested in the Fund will be returned.

Income Details

Distribution yield : 1.56%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 June 2019 1 September 2019 1 December 2019 1 March 2020
Payment date: 31 July 20194 31 October 20194 31 January 20204 30 April 20204

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 2019.

Security Weight
UNITED STATES TREASURY NOTE/BO 11/23 2.875 18.32%
BUNDESREPUBLIK DEUTSCHLAND BUN BONDS REGS 02/27 0.25 4.92%
UNITED KINGDOM TREASURY BILL BILLS 04/19 0.00000 3.42%
UNITED KINGDOM TREASURY BILL BILLS 05/19 0.00000 3.42%
UNITED KINGDOM TREASURY BILL BILLS 05/19 0.00000 3.42%
UNITED KINGDOM TREASURY BILL BILLS 05/19 0.00000 3.42%
UNITED KINGDOM TREASURY BILL BILLS 05/19 0.00000 3.42%
RUSSIAN FEDERAL BOND - OFZ BONDS 03/33 7.7 3.28%
UNITED STATES TREASURY NOTE/BO 11/28 3.125 2.31%
Cash 2.26%
Sector Weight
Bonds 83.81%
Cash and Equiv. 16.53%
Alternative Trading Strategies 1.38%
Non-Classified -1.72%
Country Weight
United States 36.55%
United Kingdom 21.82%
Cash and Equiv. 16.53%
Germany 5.23%
Russian Federation 3.28%
Netherlands 2.50%
France 2.08%
Ireland 2.05%
Argentina 1.43%
Luxembourg 1.23%

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 24 May 2019. Data provided by Funds Library, correct as at 31 March 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.