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Principal GIF Preferred Securities Class I - Income (GBP)

Sell:549.00p Buy:549.00p Change: No change
Prices as at 12 April 2024
Sell:549.00p
Buy:549.00p
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 12 April 2024
Sell:549.00p
Buy:549.00p
Change: No change
Prices as at 12 April 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%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.43%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.43%
There are other unit types of this fund available:
Class I - Accumulation (GBP) (Net ongoing charge 0.43%)

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: 22 April 2003
Sector: Specialist
Fund size: £3,686 million
Number of holdings: 235
Fund type: Unit Trust
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 23:00
Trustee: Bank of New York Mellon SA/NV (Dublin Branch)
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

12/04/19 to 12/04/20 12/04/20 to 12/04/21 12/04/21 to 12/04/22 12/04/22 to 12/04/23 12/04/23 to 12/04/24
Annual return -2.86% 14.89% -3.79% -4.72% 10.33%

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 overall objective of the Fund is to provide a return consisting of income consistent with capital preservation. The Fund seeks to achieve its overall objective by investing primarily in a portfolio of US dollar denominated preferred securities and debt securities. Within this, the Fund may invest, in particular, in convertible bonds and contingent convertible securities (CoCos).

Income Details

Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 2 April 2025
Payment date: 8 April 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. There is currently no yield information available for this fund.

Security Weight
Zurich Finance Ireland Designated VAR 19/04/51 2.62%
HSBC Capital Funding Dollar 1 LP VAR 31/12/71 2.27%
Bank of Nova Scotia/The VAR 04/09/72 2.25%
Enterprise Products Operating LLC VAR 16/08/77 2.15%
Toronto-Dominion Bank/The VAR 31/10/82 1.82%
Enbridge Inc VAR 15/01/77 1.77%
Muenchener Rueckversicherungs-Gese VAR 23/05/42 1.70%
MetLife Inc 10.75% 01/08/39 1.69%
Nippon Life Insurance Co VAR 21/01/51 1.64%
Argentum Netherlands BV for Swiss VAR 15/08/52 1.64%
Sector Weight
Bonds 95.46%
Non-Classified 2.51%
Cash and Equiv. 2.03%
Alternative Trading Strategies 0.00%
Country Weight
United States 35.08%
United Kingdom 10.73%
Canada 8.40%
France 7.82%
Non-Classified 7.30%
Japan 6.06%
Switzerland 3.58%
Netherlands 3.30%
Italy 2.76%
Ireland 2.62%

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 12 April 2024. Data provided by Broadridge, correct as at 31 October 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.