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Schroder Absolute Return Bond Class Z - Income (GBP)

Sell:47.29p Buy:47.29p Change: 0.01p (0.02%)
Prices as at 27 October 2020
Sell:47.29p
Buy:47.29p
Change: 0.01p (0.02%)
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 27 October 2020
Sell:47.29p
Buy:47.29p
Change: 0.01p (0.02%)
Prices as at 27 October 2020
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.
Also available as accumulation units Help

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): 0.67%
Ongoing saving from HL: 0.10% i
Net ongoing charge: 0.57%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 0.71%)
Inclusive - Class A - Accumulation (GBP) (Net ongoing charge 0.71%)
Class Z - Accumulation (GBP) (Net ongoing charge 0.57%)

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: 5 September 2003
Sector: Targeted Absolute Return
Fund size: £70 million
Number of holdings: 437
Fund type: Unit Trust
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: J.P. Morgan Trustee and Depositary Company Limited
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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Performance

26/10/15 to 26/10/16 26/10/16 to 26/10/17 26/10/17 to 26/10/18 26/10/18 to 26/10/19 26/10/19 to 26/10/20
Annual return 2.84% 1.89% -0.46% 2.48% -0.55%

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's investment objective is to achieve a positive return over rolling 12 month periods, in all market conditions. To achieve the investment objective, the Fund will invest primarily in a portfolio of bonds and other fixed and floating rate securities denominated in various currencies issued by governments, government agencies, supra-national and corporate issuers worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. In addition foreign currency strategies may also be employed. Investment will be primarily in directly held transferable securities. The Fund may also invest in collective investment schemes, derivatives, cash, deposits, warrants and money market instruments.

Income Details

Distribution yield : 1.64%
Underlying yield : 1.03%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 1 January 2021 1 July 2021
Payment date: 28 February 20214 31 August 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 August 2020.

Security Weight
YORKSHIRE BUILDING SOC (REGS) FRN 1.2915% 21 NOV 2024 3.56%
MORGAN STANLEY FRN .226% 08 NOV 2022 3.45%
SANTANDER UK PLC REGS 0% 12 FEB 2024 3.11%
TSB BANK PLC REGS 0% 15 FEB 2024 3.03%
LLOYDS BANK PLC FRN 16/05/2024 REGS 3.00%
COVENTRY BLDG SOCIETY FRN SR REGS 1.233% 15 JAN 2025 2.98%
SKIPTON BUILDING SOCIETY REGS 0% 22 FEB 2024 2.68%
ROYAL BANK OF CANADA FRN REGS 1.2915% 03 OCT 2024 2.59%
LEEDS BUILDING SOCIETY (REGS) FRN .5971% 15 JAN 2025 2.55%
TORONTO-DOMINION BANK/THE FRN 24/06/22 SR REGS 0% 24 JUN 202 2.44%
Sector Weight
Bonds 85.51%
Non-Classified 10.87%
Managed Funds 3.67%
Alternative Trading Strategies 0.72%
Cash and Equiv. -0.77%
Country Weight
United States 32.04%
United Kingdom 31.85%
Non-Classified 11.59%
Canada 6.20%
Managed Funds 3.67%
Italy 2.29%
Netherlands 2.17%
Spain 2.07%
Ireland 1.34%
Philippines 1.29%

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 October 2020. Data provided by Funds Library, correct as at 31 August 2020.

FundsLibrary
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.