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Man GLG Absolute Value Professional CX - Accumulation (GBP)

Sell:127.30p Buy:127.30p Change: 0.70p (0.55%)
Prices as at 5 June 2020
Sell:127.30p
Buy:127.30p
Change: 0.70p (0.55%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 5 June 2020
Sell:127.30p
Buy:127.30p
Change: 0.70p (0.55%)
Prices as at 5 June 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.

Charges and Savings

Initial charges
Initial charge: 5.00%
Initial saving from HL: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: Yes   View risks
Ongoing charge (OCF/TER): 0.90%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.90%

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:
Jack Barrat
Fund launch date: 29 June 2017
Sector: Targeted Absolute Return
Fund size: £423 million
Number of holdings: 108
Fund type: ICVC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The Bank of New York Mellon (International) 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

05/06/15 to 05/06/16 05/06/16 to 05/06/17 05/06/17 to 05/06/18 05/06/18 to 05/06/19 05/06/19 to 05/06/20
Annual return n/a n/a n/a 4.19% 8.90%

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 the Wealth 50 is a good place to start. View funds on the Wealth 50 »

Fund Objective

Man GLG UK Absolute Value Fund has a long-short equity approach that aims to deliver absolute returns in any market conditions on a rolling 3 year basis. The Fund will employ a repeatable process designed to identify undervalued and overvalued companies in lesser researched parts of the UK mid-cap market by investing predominantly in equities and derivative instruments relating to equities of listed UK companies.

Income Details

Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 31 August 2020 28 February 2021
Payment date: 31 October 20204 30 April 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. There is currently no yield information available for this fund.

Security Weight
UK TREASURY BILL GBP 80.52%
4¾% Treasury Stock 2020 8.35%
QINETIQ GROUP 3.46%
RYANAIR HLDGS 2.90%
REDROW 2.88%
EASYJET 2.84%
HUNTING 2.74%
LANCASHIRE HLDGS 2.68%
BREEDON GROUP 2.64%
ST.MODWEN PROPERTIES 2.54%
Sector Weight
Bonds 88.86%
Cash and Equiv. 11.13%
Travel & Leisure 6.90%
Household Goods & Home Construction 6.86%
Non-Renewable Energy 2.65%
Real Estate Investment & Services 2.04%
Investment Banking & Brokerage Services 1.91%
Banks 1.59%
Aerospace & Defence 1.46%
Automobiles & Parts 1.04%
Country Weight
United Kingdom 80.49%
Cash and Equiv. 11.13%
Ireland 7.67%
Israel 1.10%
Germany 1.01%
Netherlands 0.91%
Canada 0.54%
Direct Property and REITs -2.85%

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 5 June 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.