HL Select
Global Growth shares

Important information - The value of this fund can fall as well as rise so you could get back less than you invest. This information isn’t personal advice. If you're not sure whether an investment is suitable for your circumstances please contact us for personal advice. The HL Select Global Growth Shares fund is managed by our sister company HL Fund Managers Ltd.

What is HL Select Global Growth Shares?

This fund contains shares in high quality companies from around the world. Investing globally opens new opportunities to find truly exceptional companies from a large pool of choice including in emerging markets. It also means no single economy can affect the fund too much.

We might also invest in smaller companies where we see excellent growth potential. The fund will typically hold 30 to 40 companies. We want each investment to lift the fund when things go well, as we aim for higher returns. Investing in emerging markets, smaller companies, and it being a more concentrated portfolio make this fund a higher-risk option.

In all HL Select funds, our experts have carefully selected a small number of financially strong companies. Across at least the next five years, we think these companies will grow your investment through delivering exceptional products or services. Although, like all investments the value of the fund will go up and down, so you could get back less than you invest. With monthly emails and our HL Select blog, you can see every stock in each fund, have visibility of every investment decision we make, and a clear explanation of why it’s been chosen.

Think about HL Select Global Growth Shares if:

You want to invest in high quality companies around the world.
You are happy building your own diversified portfolio. More about diversification.
You won’t need the money for at least 5 years.
You’ve already built-up cash savings for emergencies.
You’re happy with a higher-risk approach.

Think about alternatives if:

You don’t want the value of your investment to fluctuate, or you’re unsure of the differences between saving and investing.
You don’t feel comfortable building your own portfolio - view our Ready-Made Portfolios.
You want to invest in high quality UK companies - See our other HL Select funds.
You're not sure if you're comfortable deciding if a fund fits your investment goals and attitude to risk. Learn more about risk.
You don’t feel comfortable choosing and reviewing your investments and you’re not sure investing is right for you, ask for financial advice .

Invest now

An overview from the HL Select Global Growth Shares team.

Steve Clayton, Head of Equity Funds, speaks to an off-screen interviewer.

Steve: It really is about investing without compromises. We can look for the best business in every industry and pick them wherever we find them. The UK’s got fantastic companies of its own but we get more choice when we go globally.

Charlie Bonham, Equity Analyst, is on-screen.

Charlie B: We can shake off the shackles and we can go and invest anywhere that we like. We can really exploit the best investment opportunities that we see.

Steve Clayton continues.

Steve: There’ll be a big exposure to North American where we find lots of absolutely fabulous businesses. But we’ll be going over to Asia and Australasia as well. There’ll be a selection of European businesses and we’ll also take a few of the top picks that are in the HL Select UK Growth Shares fund and invest in those as well.

Charlie Huggins, Select Range Team, talks on camera.

Charlie H: We’re looking to own the best businesses we can, ultimately. Companies that we think can grow profit year after year. Where we think the profits in ten years’ time will be much higher than they are now. And in our view, that gives us the best chance of trying to grow our investors’ money in the long-term.

Steve Clayton continues.

Steve: Those businesses that have the ability to keep growing year in, year out, compounding their sales and their profits, tend to become much more valuable over time. In the short-term, we don’t know what the market is going to do, it can be quite random, but I the long run it takes notice of businesses that have grown. And that’s what we’re trying to benefit from.

The video cuts to Gareth Campbell, Equity Analyst.

Gareth: Very few companies actually fit the HL Select style, which automatically reduces the universe of investable companies quite dramatically. So we expect the portfolio will be concentrated.

Charlie Bonham continues.

Charlie B: A more concentrated fund certainly carries slightly more risk. But the way we counter that is to invest in very high quality stocks, with very strong balance sheets that means they can weather tough times and, hopefully, prosper extremely well in good times.

Amelia Nunn, Equity Analyst, speaks.

Amelia: We also write blogs to investors on what we’re doing and why. It’s their money and it’s really important that, if they want to, they can be kept up-to-date with what we’re doing.

Steve Clayton continues.

Steve: You’ll be able to see the whole portfolio. It’s there on the website 24/7. You can drill down on each individual name and read the rationale as to why we think this is a great business and why we’ve included it in the portfolio.

Amelia Nunn continues.

Amelia: The Global Growth fund is a concentrated portfolio of our best ideas. High-quality companies that we’ll invest in for the long-term.

Disclaimer: This video is not personal advice or a recommendation to invest. If you are unsure about the suitability of an investment, please seek advice. Investments can fall as well as rise in value, and you could get back less than you invest. The fund is a concentrated portfolio of shares and invests in emerging markets and smaller companies, all of which increase risk. Past performance is not a guide to the future. The HL Select Global Growth Fund is managed by our sister company, HL Fund Managers Ltd. Please read the key investor information before investing for more details of the risks and charges.

April 2019

The investment strategy

We’re looking for a virtuous circle of growth.

If a business can keep growing reliably, compounding over a long time, it can increase its value many times over. Companies with fantastic products or services that are hard to copy generally have high profit margins and strong cash flows. This allows forward-thinking CEOs to keep debt low, ride out economic or political storms, re-invest back into their business and keep growing year after year.

We want to find these companies, wherever in the world they are. We’ll then hold on to them for as long as they keep doing it.

See how we invest and why

The HL Select difference

We'll keep you updated every step of the way. You’ll know what we’ve bought, and why. And you’ll hear from us a least once a month through the HL Select Blog and email alerts.

Full portfolio breakdown

See every shareholding once dealt, not just the top 10
Find out exactly why each share made it into the portfolio
Up-to-date fund performance and breakdown

We can invest across the world, including higher-risk emerging markets, to find companies we believe are the very best. We might also invest in higher-risk smaller companies where we see excellent growth potential.

The fund will typically hold 30 to 40 companies. We want each investment to lift the fund when things go well, as we aim for higher returns. It works both ways though, so it’s a higher-risk approach.

Find out what we hold and why

Managers’ blog and email alerts

Learn what we buy and sell in the portfolio, along with our latest thoughts on the holdings and the market when it matters most. Stay up-to-date with portfolio performance reports delivered directly to your inbox every month.

HL Select Global Growth Shares - Q2 2023 Review

Investors began Q2 with heightened concerns of a recession and expecting US interest rates to be cut by year end. Read more

Managers' thoughts

HL Select Global Growth Shares - Q1 2023 Review

Despite bearish investor sentiment, Q1 saw positive equity returns across major equity markets as recession concerns eased and investors looked through near term issues to focus on expected interest rate cuts later in the year. Read more

Managers' thoughts

HL Select Global Growth Shares - Q4 2022 Review

2022 was an extremely challenging year for investors, with negative performance across almost all asset classes. Q4 saw better performance for global stock markets, but a stronger pound negatively impacted UK returns. Read more

Managers' thoughts

Read our blog

Low fixed annual fund charges

Yearly charge based on an example £1,000 investment:

£0

Initial charge

£6.00

Ongoing charge

£4.50

HL platform fee

£10.50

Total charge

Net initial charge

0.6%

Ongoing fund charge
(OCF/TER)

0.45%

Maximum HL annual charge

1.05%

Total annual charge

The ongoing charge is fixed and taken directly from the fund. This covers the management of the fund and all expenses other than transactional fees, which are incurred by all funds when shares are bought or sold. The HL charge is our platform charge which won't be over 0.45%. Both of these charges will be payable if you want to hold the fund with HL, amounting to a maximum of just 1.05% in total.

This fund is managed by Hargreaves Lansdown Fund Managers Ltd, part of the Hargreaves Lansdown Group. If you invest, HL will receive the fund's management charge, as well as the platform fee.

Costs and charges

The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming 5.00% growth.

Investment		£5,000.00
HL management charge	0.45%	£123.88
Investment charges		£178.78
Net initial charge including HL saving of 3%	0%	£0.00
Net ongoing charge	0.6%	£165.00
Incidental charges		£0.00
Transaction costs		£13.78
Total charges over 5 years		£302.66
Average annual charge		1.10%
Illustrative 5 year value		£6,040.62
Illustrative 5 year value with no charges applied		£6,381.41

View the factsheet for more detail

The costs and charges shown are for illustration purposes only based on the assumptions presented. Please refer to our Tariff of charges before investing. Returns are not guaranteed.

Figures may not add up to the given total due to rounding.

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HL Select
Global Growth shares

What is HL Select Global Growth Shares?

Think about HL Select Global Growth Shares if:

Think about alternatives if:

The investment strategy

The HL Select difference

Full portfolio breakdown

Managers’ blog and email alerts

HL Select Global Growth Shares - Q2 2023 Review

HL Select Global Growth Shares - Q1 2023 Review

HL Select Global Growth Shares - Q4 2022 Review

Low fixed annual fund charges

Yearly charge based on an example £1,000 investment:

Ready to invest?

HL Select Global Growth shares

What is HL Select Global Growth Shares?

Think about HL Select Global Growth Shares if:

Think about alternatives if:

The investment strategy

The HL Select difference

Full portfolio breakdown

Managers’ blog and email alerts

HL Select Global Growth Shares - Q2 2023 Review

HL Select Global Growth Shares - Q1 2023 Review

HL Select Global Growth Shares - Q4 2022 Review

Low fixed annual fund charges

Yearly charge based on an example £1,000 investment:

Ready to invest?

HL Select
Global Growth shares