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Equity and Bond

A mix of assets aiming to return monthly income and growth over time

Investments in shares are designed to provide income and capital growth over the long term, while additional investments in bonds and other assets provide some income and are designed to reduce volatility when compared with a pure equity fund.

David Smith and Ziad Gergi, Fund Managers

Why invest?

This fund aims to provide a monthly income and capital growth over the long term by investing in global equities and bonds. It’s designed for investors who want to leave the asset allocation and manager selection to experts. It could be a good core holding or be part of a diversified growth or income-focused portfolio.

The majority of your money will be invested in shares. You’ll also get a mix of bonds to reduce risk.

Overall, the fund is a medium-risk option. As with most investments, you should plan to hold it for at least five years.

You’ll get a mix of:

  • Shares in larger companies mainly in the US, UK and Europe.
  • A minimum of 30% in bonds and cash, which could help shelter your money in uncertain times.
  • Some investments in emerging-markets, smaller companies, and high-yield bonds, which aim to boost the fund's growth potential, though they also increase risk.

Important - The value of this fund and the income from it can still fall, so you could get back less than you invested, especially over the short term. If you are unsure of the suitability of any investment for your circumstances please contact us for advice. Tax rules can change and benefits depend on individual circumstances.

This fund has a holding in LF Equity Income (formerly the Woodford Equity Income Fund), which is currently being wound up. This fund continues to trade as normal.

View factsheet

View the HL Multi-Manager Equity & Bond fund prospectus.

At a glance

Investment goal

Income & Growth

Relative risk


Invests in

57.7% Shares

35.7% Fixed Income

3.6% Other

3.0% Cash

Correct as at 30/04/2021



Not a reliable indicator of future income.

Correct as at 30/04/2022


OCF/TER 1.32%

(plus up to 0.45% p.a. platform charge)


Sell: 176.88 | Buy: 176.88

Correct as at 20/05/2022