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Merian Monthly Income Bond Inclusive - Class A - Accumulation (GBP)

Sell:74.71p Buy:74.71p Change: 0.99p (1.34%)
Prices as at 27 March 2020
Change: 0.99p (1.34%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 27 March 2020
Change: 0.99p (1.34%)
Prices as at 27 March 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: 3.50%
Initial saving from HL: 3.50%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.15%
Ongoing saving from HL: 0.60% i
Net ongoing charge: 0.55%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 0.55%)
Class R - Accumulation (GBP) (Net ongoing charge 0.65%)
Class R - Income (GBP) (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: Inclusive
Lloyd Harris
Fund launch date: 16 September 2004
Launch price: £0.50
Sector: GBP Strategic Bond
Fund size: £216 million
Number of holdings: 169
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Citibank International Ltd
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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27/03/15 to 27/03/16 27/03/16 to 27/03/17 27/03/17 to 27/03/18 27/03/18 to 27/03/19 27/03/19 to 27/03/20
Annual return -6.60% 7.14% 1.86% 0.89% 0.95%

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

To seek to achieve income and capital growth by delivering a return, net of fees, greater than that of the Target Benchmark over rolling 3 year periods. The Target Benchmark consists 50% of the ICE BofAML 1-5Y BBB Sterling Corporate Index and 50% of the ICE BofAML Sterling High Yield Index. The fund primarily invests (at least 70%) in a diversified portfolio of fixed, variable and zero rate debt securities, including corporate and government bonds.

Income Details

Distribution yield : 3.07%
Underlying yield : 1.92%
Income paid: Monthly
Type of payment: Interest
Ex-dividend date: 1 March 2020 1 April 2020 1 May 2020 1 June 2020 1 July 2020 1 August 2020 1 September 2020 1 October 2020 1 November 2020 1 December 2020 1 January 2021 1 February 2021
Payment date: 31 March 20204 30 April 20204 31 May 20204 30 June 20204 31 July 20204 31 August 20204 30 September 20204 31 October 20204 30 November 20204 31 December 20204 31 January 20214 28 February 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
Merian Global Investors (Offshore) Financials Contingent Capital Class F 8.77%
US TREASURY N/B 1.375000 31/01/2025 6.96%
AT&T INC 2.900000 04/12/2026 1.93%
LOGICOR 2019 1 UK 1.875000 17/11/2026 1.89%
VIRGIN MONEY UK PLC 7.875000 14/12/2028 1.81%
HASTINGS GROUP FINANCE 3.000000 24/05/2025 1.76%
LLOYDS BANK PLC 13.000000 1.63%
ROTHESAY LIFE 3.375000 12/07/2026 1.50%
ITHACA ENERGY NORTH 9.375000 15/07/2024 1.43%
Sector Weight
Bonds 96.70%
Cash and Equiv. 4.40%
Non-Classified 0.65%
Banks 0.22%
Life Insurance 0.09%
Alternative Trading Strategies -2.07%
Country Weight
United Kingdom 38.97%
United States 16.21%
France 6.42%
Germany 5.32%
Cash and Equiv. 4.40%
Netherlands 4.05%
Luxembourg 3.70%
Sweden 3.55%
Spain 2.22%
Ireland 2.03%

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 27 March 2020. Data provided by Funds Library, correct as at 29 February 2020.

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.