Morgan Stanley Sterling Corporate Bond
Class F - Income (GBP)






Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×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): | 0.37% i | ||
Ongoing saving from HL: | 0.15% i | ||
Net ongoing charge: | 0.22% | ||
There are other unit types of this fund available: | |||
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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
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Performance
23/05/17 to 23/05/18 | 23/05/18 to 23/05/19 | 23/05/19 to 23/05/20 | 23/05/20 to 23/05/21 | 23/05/21 to 23/05/22 | |
---|---|---|---|---|---|
Annual return | 0.43% | 4.04% | 3.48% | 6.20% | -8.80% |
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 chartOur view on this fund
This is a no nonsense corporate bond fund run by a well-resourced team, led by Richard Ford and Dipen Patel. They invest in a wide selection of high-quality corporate bonds with the aim to generate income and some growth over the long term.
It's run in a more conservative way to...
Our latest articleIn this fund update, Investment Analyst Joseph Hill shares our analysis on the manager, process, culture, cost and performance of the Morgan Stanley Sterling Corporate Bond fund.
Fund Objective
The fund aims to provide income while also growing your investment by outperforming, net of fees, the ICE BofAML Sterling Non-Gilt Index over 1 to 3 years.
Income Details
Security | Weight |
---|---|
EUROPEAN INVESTMENT BANK:4.625 12OCT2054 | 2.25% |
AT&T INC:5.200 18NOV2033 | 1.14% |
SANTANDER UK GROUP HOLDINGS PLC:2.421 17JAN2029 | 1.11% |
DP WORLD:4.250 25SEP2030 | 1.04% |
GLENCORE FINANCE:3.125 26MAR2026 | 0.98% |
HSBC HOLDINGS PLC:2.256 13NOV2026 | 0.96% |
LLOYDS TSB BANK PLC:7.625 22APR2025 | 0.88% |
HSBC HOLDINGS PLC:5.750 20DEC2027 | 0.86% |
BPCE SA:5.250 16APR2029 | 0.85% |
SANTANDER UK GROUP HOLDINGS PLC:2.920 08MAY2026 | 0.84% |
Sector | Weight |
---|---|
Bonds | 83.88% |
Non-Classified | 15.55% |
Cash and Equiv. | 0.54% |
Alternative Trading Strategies | 0.02% |
Country | Weight |
---|---|
United Kingdom | 33.78% |
Non-Classified | 17.39% |
United States | 11.02% |
France | 7.33% |
Netherlands | 5.56% |
Luxembourg | 5.51% |
Australia | 3.24% |
Spain | 2.33% |
Italy | 2.27% |
Germany | 2.09% |
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 23 May 2022. Data provided by Broadridge, correct as at 30 April 2022.


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.