Threadneedle Emerging Market Bond Inclusive - Class 1 - Income (GBP)

Sell:62.32p Buy:62.32p Change:

0.70p (1.11%)

Prices as at 28 February 2020

Sell:62.32p

Buy:62.32p

Change:

0.70p (1.11%)

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

Prices as at 28 February 2020

Sell:62.32p

Buy:62.32p

Change:

0.70p (1.11%)

Prices as at 28 February 2020

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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:	3.00%
Initial saving from HL:	3.00%
HL dealing charge:	Free
Net initial charge:	0.00%

How initial savings affect the buy price

Annual charges

Performance fee:

Ongoing charge (OCF/TER):

1.61%

Ongoing saving from HL:

0.85% i

Net ongoing charge:

0.76%

There are other unit types of this fund available:

Institutional - Income (GBP)	(Net ongoing charge 0.69%)
Class Z - Income (GBP)	(Net ongoing charge 0.76%)

HMRC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, should be subject to income tax. Loyalty bonuses paid on funds in ISAs and SIPPs are unaffected, and they remain tax-free.

We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC.

If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.

In this case, the ongoing saving is 0.85%, of which 0.85% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.

	Non-taxpayer	Basic rate taxpayer	Higher rate taxpayer	Additional rate taxpayer
Ongoing saving from HL:	0.85%	0.85%	0.85%	0.85%
Loyalty bonus:	0.85%	0.85%	0.85%	0.85%
Tax on loyalty bonus:	0.00%	0.17%	0.34%	0.3825%
Value of ongoing saving to you:	0.85%	0.68%	0.51%	0.4675%

Tax rules can change and benefits depend on individual circumstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.

Also, loyalty bonuses received by overseas investors, companies and charities are not required to be paid with the deduction of tax. Therefore, if you are an overseas investor, or you represent a company or charity please let us know if you would like your loyalty bonuses paid without the deduction of an amount equivalent to the basic rate tax.

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.

HL Guide to fund prices, savings and yields

Please also read the Key Investor Information Document (KIID)

Other Information

Unit type:	Inclusive
Manager:	Tim Jagger Tim Jagger
Fund launch date:	26 December 1997
Launch price:	£0.50
Sector:	Global Emerging Markets Bond
Fund size:	£184 million
Number of holdings:	120
Fund type:	OEIC
Accumulation/income:	Income
Dealing frequency:	Daily
Valuation point:	12:00
Trustee:	Citibank
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

	28/02/15 to 28/02/16	28/02/16 to 28/02/17	28/02/17 to 28/02/18	28/02/18 to 28/02/19	28/02/19 to 28/02/20
Annual return	5.47%	27.37%	-6.19%	3.46%	11.61%

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 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments, we believe the Wealth 50 is a good place to start. View funds on the Wealth 50 »

Fund Objective

The Fund aims to achieve a total return primarily by way of income with some capital growth. The Fund invests primarily in high yielding public sector sovereign and corporate bonds issued by emerging market borrowers. Emerging Market countries are those characterised as developing or emerging by either the World Bank, the United Nations or the JPMorgan Global Diversified Emerging Market Bond Index. If desirable, the Manager may further invest up to one third of the total assets of the Fund in other fixed interest securities, including bonds issued by countries making up the G7, deposits, cash and near cash. In addition, the Fund may use derivatives (including currency, interest rate and credit default swaps) and forward transactions for purposes that are limited to EPM techniques.

Income Details

Distribution yield :	5.80%
Income paid:	Bi-annually
Type of payment:	Interest
Ex-dividend date:	8 March 2020 8 September 2020
Payment date:	7 May 2020⁴ 7 November 2020⁴

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 January 2020.

Security	Weight
BLACKROCK ICS US LIQ - PREM DIS	8.54%
FED REPUBLIC OF BRAZIL 5.00 27/01/2045	3.07%
PETROLEOS MEXICANOS 6.84 23/01/2030	3.06%
STATE OF QATAR 4.00 14/03/2029	2.99%
RUSSIAN FEDERATION 4.375 21/03/2029	2.83%
STATE OF QATAR 4.817 14/03/2049	2.36%
REPUBLIC OF COLOMBIA 3.00 30/01/2030	2.03%
PETROLEOS MEXICANOS 7.69 23/01/2050	1.87%
ESKOM HOLDINGS SOC LTD 5.75 26/01/2021	1.81%
REPUBLIC OF INDONESIA 4.75 18/07/2047	1.70%

Sector	Weight
Bonds	90.68%
Non-Classified	8.54%
Cash and Equiv.	0.78%

Country	Weight
Non-Classified	10.50%
Mexico	9.52%
Indonesia	6.75%
Qatar	5.58%
Dominican Republic	4.96%
Brazil	4.71%
Russian Federation	4.56%
Saudi Arabia	4.03%
Netherlands	4.01%
Egypt	3.75%

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 28 February 2020. Data provided by Funds Library, correct as at 31 January 2020.

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.

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Tim Jagger
Manager start date	19/03/2019
Manager located in	London