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Ninety One GSF Global Total Return Credit Class A - Income 2 - GBP

Sell:2,027.00p Buy:2,027.00p Change: 1.00p (0.05%)
Prices as at 14 June 2024
Sell:2,027.00p
Buy:2,027.00p
Change: 1.00p (0.05%)
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 14 June 2024
Sell:2,027.00p
Buy:2,027.00p
Change: 1.00p (0.05%)
Prices as at 14 June 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: 5.00%
Initial saving from HL: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.55%
Ongoing saving from HL: 0.50% i
Net ongoing charge: 1.05%

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: 8 June 2017
Sector: Unclassified
Fund size: £195 million
Number of holdings: 223
Fund type: SICAV
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 16:00
Trustee: State Street Bank International GmbH, Luxembourg Branch
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: No
Minimum regular savings value: n/a

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Performance

14/06/19 to 14/06/20 14/06/20 to 14/06/21 14/06/21 to 14/06/22 14/06/22 to 14/06/23 14/06/23 to 14/06/24
Annual return n/a n/a n/a n/a n/a

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, comprising income and capital growth (i.e. to grow the value of your investment) over the long-term. The Fund targets a return of Overnight SOFR + 4% gross of fees over a full credit cycle. Credit cycles can vary in length and typically last between 3 and 7 years. While the Fund aims to achieve a positive return and its performance target, there is no guarantee that either will be achieved over the full credit cycle, or over any period of time. There is no guarantee that all capital invested in the Fund will be returned.

Income Details

Distribution yield : 6.82%
Income paid: Monthly
Type of payment: Interest
Ex-dividend date: 1 June 2024 3 July 2024 1 August 2024 1 September 2024 2 October 2024 2 November 2024 1 December 2024 2 January 2025 1 February 2025 1 March 2025 3 April 2025 2 May 2025
Payment date: 15 June 20244 18 July 20244 16 August 20244 14 September 20244 16 October 20244 14 November 20244 14 December 20244 14 January 20254 15 February 20254 15 March 20254 18 April 20254 15 May 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 30 April 2024.

Security Weight
TELECOM ITALIA SPA/MILANO SR UNSECURED 144A 05/24 5.303 1.75%
BANIJAY GROUP SAS SR UNSECURED REGS 03/26 6.5 1.69%
TEAMSYSTEM SPA SR SECURED REGS 02/28 VAR 1.27%
ADAGIO V CLO DAC ADAGI V X DR REGS 1.18%
CPUK FINANCE LTD SECURED REGS 08/26 6.5 1.15%
ARES EUROPEAN CLO XIV DAC ARESE 14X C REGS 1.13%
PRIME HEALTHCARE SERVICES INC SR SECURED 144A 11/25 7.25 1.12%
OAK HILL EUROPEAN CREDIT PARTN OHECP 2017 6X D REGS 1.11%
ING GROEP NV JR SUBORDINA REGS 12/99 VAR 1.10%
CSC HOLDINGS LLC SR UNSECURED 06/24 5.25 1.09%
Sector Weight
Bonds 91.13%
Non-Classified 9.33%
Managed Funds 0.40%
Cash and Equiv. -0.86%
Country Weight
United States 21.47%
Non-Classified 13.56%
Ireland 13.12%
United Kingdom 11.86%
France 10.19%
Netherlands 10.18%
Italy 4.62%
Germany 2.98%
Switzerland 2.10%
Belgium 1.83%

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 14 June 2024. Data provided by Broadridge, correct as at 31 December 2023.

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 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.