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M&G Global Target Return Class I - Accumulation (GBP)

Sell:103.35p Buy:103.35p Change: 0.08p (0.08%)
Prices as at 9 December 2019
Sell:103.35p
Buy:103.35p
Change: 0.08p (0.08%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 9 December 2019
Sell:103.35p
Buy:103.35p
Change: 0.08p (0.08%)
Prices as at 9 December 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): 0.65%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.65%

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: 13 December 2016
Sector: Targeted Absolute Return
Fund size: £139 million
Number of holdings: 112
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
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

09/12/14 to 09/12/15 09/12/15 to 09/12/16 09/12/16 to 09/12/17 09/12/17 to 09/12/18 09/12/18 to 09/12/19
Annual return n/a n/a n/a -1.93% 1.39%

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 achieve a total return (the combination of income and capital growth) of at least 4%, per annum above the 3-month GBP LIBOR rate, before any charges are taken, in any market conditions and over any three year period. LIBOR is the rate at which banks borrow money from each other. The Fund aims to achieve this while seeking to minimise the degree to which the value of the Fund fluctuates over time (volatility), while also seeking to limit monthly losses. Managing the Fund in this way reduces its ability to achieve returns significantly above 3-month GBP LIBOR plus 4%. There is no guarantee that the Fund will achieve a positive return over three years, or any other, period, and investors may not get back the original amount they invested.

Income Details

Historic yield : 0.72%
Income paid: Annually
Type of payment: No income
Ex-dividend date: 1 May 2020
Payment date: 30 June 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 October 2019.

Security Weight
United Kingdom Treasury Bill 9.79%
United Kingdom Treasury Bill 9.08%
United Kingdom Treasury Bill 7.76%
United Kingdom Treasury Bill 7.44%
United Kingdom Treasury Bill 7.08%
United Kingdom Treasury Bill 6.44%
United Kingdom Treasury Bill 5.79%
United Kingdom Treasury Bill 5.59%
United Kingdom Treasury Bill 5.16%
United Kingdom Treasury Bill 5.00%
Sector Weight
Bonds 80.24%
Cash and Equiv. 70.50%
Banks 4.61%
Equity Investment Instruments 1.62%
Investment Banking & Brokerage Services 1.41%
Electricity 1.08%
Telecommunications Service Providers 0.84%
Technology Hardware & Equipment 0.64%
Non-Renewable Energy 0.51%
Industrial Support Services 0.50%
Country Weight
United Kingdom 74.05%
Cash and Equiv. 70.50%
United States 3.12%
Indonesia 2.29%
South Africa 2.19%
Turkey 1.75%
Italy 1.28%
Mexico 1.20%
South Korea 1.12%
Ireland 1.11%

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 9 December 2019. Data provided by Funds Library, correct as at 31 July 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.