CT Strategic Bond Class Z - Income (GBP)

Sell:93.73p Buy:93.73p Change:

0.20p (0.21%)

Prices as at 15 April 2024

Sell:93.73p

Buy:93.73p

Change:

0.20p (0.21%)

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 15 April 2024

Sell:93.73p

Buy:93.73p

Change:

0.20p (0.21%)

Prices as at 15 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%

How initial savings affect the buy price

Annual charges

Performance fee:

Ongoing charge (OCF/TER):

0.74%

Ongoing saving from HL:

0.03% i

Net ongoing charge:

0.71%

There are other unit types of this fund available:

Class Z - Income (Gross GBP)	(Net ongoing charge 0.71%)
Class Z - Accumulation (Gross GBP)	(Net ongoing charge 0.71%)

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 0.03%, of which 0.03% 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:	0.03%	0.03%	0.03%	0.03%
Loyalty bonus:	0.03%	0.03%	0.03%	0.03%
Tax on loyalty bonus:	0.00%	0.006%	0.012%	0.0135%
Value of ongoing saving to you:	0.03%	0.024%	0.018%	0.0165%

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:	Unbundled
Manager:	Ryan Staszewski Ryan Staszewski
Fund launch date:	5 November 2001
Sector:	GBP Strategic Bond
Fund size:	£167 million
Number of holdings:	302
Fund type:	OEIC
Accumulation/income:	Income
Dealing frequency:	Daily
Valuation point:	12:00
Trustee:	Citibank
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

	15/04/19 to 15/04/20	15/04/20 to 15/04/21	15/04/21 to 15/04/22	15/04/22 to 15/04/23	15/04/23 to 15/04/24
Annual return	1.09%	10.51%	-3.77%	-5.46%	7.71%

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 achieve total return principally by way of income. Income will be paid monthly. The Fund invests primarily in UK and European debt securities. The Manager's strategic investment approach allocates the Funds investments between corporate investment grade and non-investment grade, sovereign and supranational debt. The Manager may invest up to one third of the assets of the Fund in money market instruments, cash or near cash and other securities (other than equities) including non-UK and non-European debt. The Fund may invest in derivatives and forward transactions. The Manager may take long and short positions through derivatives. Where securities are non-Sterling denominated it is intended that they will typically be hedged back into Sterling.

Income Details

Distribution yield :	3.88%
Income paid:	Monthly
Type of payment:	Interest
Ex-dividend date:	8 April 2024 8 May 2024 8 June 2024 8 July 2024 8 August 2024 8 September 2024 8 October 2024 8 November 2024 8 December 2024 8 January 2025 8 February 2025 8 March 2025
Payment date:	4 May 2024⁴ 4 June 2024⁴ 4 July 2024⁴ 4 August 2024⁴ 4 September 2024⁴ 4 October 2024⁴ 4 November 2024⁴ 4 December 2024⁴ 4 January 2025⁴ 4 February 2025⁴ 4 March 2025⁴ 4 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. Information correct as at 31 July 2023.

Security	Weight
KFW 0.875 15/09/2026	4.29%
KFW 0.75 07/12/2027	4.05%
BLACKROCK ICS STERL LIQ - PREM DIS	3.23%
1% Treasury Gilt 2024	2.39%
4 1/8% Treasury Gilt 2027	2.19%
INTL FINANCE CORP 5.50 22/07/2026	1.51%
E.ON INTL FINANCE BV 6.25 03/06/2030	1.51%
TENNET HOLDING BV 2.374	1.37%
NGG FINANCE PLC 5.625 18/06/2073	1.29%
KFW 1.125 04/07/2025	1.15%

Sector	Weight
Bonds	91.39%
Non-Classified	7.39%
Cash and Equiv.	1.40%
Alternative Trading Strategies	-0.19%

Country	Weight
United Kingdom	27.24%
Germany	14.29%
United States	12.78%
Non-Classified	11.54%
France	6.91%
Netherlands	6.13%
Luxembourg	4.81%
Italy	3.15%
Australia	2.45%
Spain	2.00%

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 15 April 2024. Data provided by Broadridge, correct as at 29 February 2024.

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.

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Ryan Staszewski
Manager start date	01/12/2018
Manager located in	London