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Ninety One Global Total Return Credit Class I - Income-2 (GBP)

Sell:86.70p Buy:86.70p Change: No change
Prices as at 8 October 2024
Sell:86.70p
Buy:86.70p
Change: No change
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 8 October 2024
Sell:86.70p
Buy:86.70p
Change: No change
Prices as at 8 October 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and 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%
Net initial charge: 0.00%
HL dealing charge: Free
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.78%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.78%

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: 11 May 2018
Sector: GBP Strategic Bond
Fund size: £467 million
Number of holdings: 343
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: State Street Trustees Limited
Minimum investment: £100.00
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

08/10/19 to 08/10/20 08/10/20 to 08/10/21 08/10/21 to 08/10/22 08/10/22 to 08/10/23 08/10/23 to 08/10/24
Annual return 3.09% 6.69% -15.00% 6.39% 12.13%

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 Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The Fund aims to provide total returns comprised of income and capital growth (to grow the value of your investment) over at least a full credit cycle (this objective may be measured over at least 5 years). The Fund targets a positive return of Overnight SONIA +4% before fees over a full credit cycle (which may be measured over 5-year rolling periods).

Income Details

Distribution yield : 5.91%
Income paid: Monthly
Type of payment: Interest
Ex-dividend date: 1 September 2024 1 October 2024 1 November 2024 1 December 2024 1 January 2025 1 February 2025 1 March 2025 1 April 2025 1 May 2025 1 June 2025 1 July 2025 1 August 2025
Payment date: 31 October 20244 30 November 20244 31 December 20244 31 January 20254 28 February 20254 31 March 20254 30 April 20254 31 May 20254 30 June 20254 31 July 20254 31 August 20254 30 September 20254

This data is provided by Broadridge. 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 July 2024.

Security Weight
CIMPRESS PLC COMPANY GUAR 06/26 7 1.41%
BNP PARIBAS SA SUBORDINATED REGS 05/31 VAR 1.39%
OPEN TEXT CORP SR SECURED 144A 12/27 6.9 1.20%
iShares iShares IV plc $ Short Duration High Yield Corp Bond UCITS ETF USD (Dist) 1.09%
CPUK FINANCE LTD SECURED REGS 08/26 6.5 1.02%
MILEAGE PLUS HOLDINGS LLC / MI SR SECURED 144A 06/27 6.5 1.01%
JAGUAR LAND ROVER AUTOMOTIVE P COMPANY GUAR REGS 11/24 5.875 0.98%
PRIME HEALTHCARE SERVICES INC SR SECURED 144A 11/25 7.25 0.98%
TEAMSYSTEM SPA SR SECURED REGS 02/28 VAR 0.95%
MULTIVERSITY SPA SR SECURED REGS 10/28 VAR 0.93%
Sector Weight
Bonds 80.25%
Non-Classified 12.63%
Cash and Equiv. 3.84%
Alternative Trading Strategies 1.79%
Managed Funds 1.48%
Country Weight
United States 19.84%
Non-Classified 17.80%
United Kingdom 12.80%
Netherlands 11.09%
Ireland 8.51%
France 8.07%
Cash and Equiv. 3.84%
Sweden 2.67%
Luxembourg 1.97%
Italy 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 8 October 2024. Data provided by Broadridge, correct as at 31 May 2024.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from an ISA or a 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.