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Investec Target Return Class I - Accumulation (GBP)

Sell:104.88p Buy:104.88p Change: 0.02p (0.02%)
Prices as at 17 February 2020
Sell:104.88p
Buy:104.88p
Change: 0.02p (0.02%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 17 February 2020
Sell:104.88p
Buy:104.88p
Change: 0.02p (0.02%)
Prices as at 17 February 2020
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.
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): 0.74%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.74%
There are other unit types of this fund available:
Inclusive - Class A - 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: Unbundled
Manager:
Multiple
Fund launch date: 10 October 2005
Sector: Targeted Absolute Return
Fund size: £12 million
Number of holdings: 287
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

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Performance

24/02/15 to 24/02/16 24/02/16 to 24/02/17 24/02/17 to 24/02/18 24/02/18 to 24/02/19 24/02/19 to 24/02/20
Annual return n/a n/a n/a n/a n/a

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 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 the Wealth 50 is a good place to start. 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 : 2.51%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 March 2020 1 June 2020 1 September 2020 1 December 2020
Payment date: 30 April 20204 31 July 20204 31 October 20204 31 January 20214

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 January 2020.

Security Weight
ANZ BANK AUSTRALIA AND NEW ZE TD 30122019-02012020 at 0.55 9.79%
UNITED KINGDOM TREASURY BILL BILLS 05/20 0.00000 9.76%
UNITED KINGDOM TREASURY BILL BILLS 06/20 0.00000 9.76%
Cash 9.13%
RUSSIAN FEDERAL BOND - OFZ BONDS 05/29 6.9 7.56%
UNITED KINGDOM TREASURY BILL BILLS 05/20 0.00000 6.51%
NOTA DO TESOURO NACIONAL NOTES 05/45 6 3.43%
ECUADOR GOVERNMENT INTERNATION SR UNSECURED REGS 01/29 10.75 2.52%
TURKEY GOVERNMENT INTERNATIONA SR UNSECURED 04/29 7.625 2.51%
BONOS DE TESORERIA SR UNSECURED 144A REGS 08/32 6 2.39%
Sector Weight
Bonds 79.95%
Cash and Equiv. 18.92%
Non-Classified 0.65%
Alternative Trading Strategies 0.48%
Country Weight
United Kingdom 33.42%
Cash and Equiv. 18.92%
United States 16.03%
Russian Federation 7.56%
Brazil 3.43%
Ecuador 2.52%
Turkey 2.51%
Peru 2.39%
France 2.00%
Egypt 1.88%

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 February 2020. Data provided by Funds Library, correct as at 31 December 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.