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Strategic assets

A blend of equity and bond funds aiming to smooth returns over the long term

It is possible to achieve attractive returns over the long term, but with less volatility than investing only in shares, by having a portfolio diversified across different assets. That way, when certain areas perform poorly, others might perform better and smooth out returns.

David Smith and Tom Wells, Fund Managers

Why invest?

The fund aims to grow your money by investing in shares and bonds. The fund managers control how much of the fund is invested in shares, giving up some growth in rising stock markets to help shelter investors' money when markets fall.

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, including in the US, UK and Europe, with long-term growth potential.
  • Low-yield government bonds and higher-yielding, higher-risk, corporate bonds, to balance stability of returns with opportunity for higher yields.
  • A relatively small proportion of investments in emerging markets and smaller companies, which offer higher growth potential, but increased 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 Strategic Assets fund prospectus.

At a glance

Investment goal


Relative risk


Invests in

44.4% Fixed Income

43.4% Shares

7.2% Other

5.0% Cash

Correct as at 30/04/2021



Not a reliable indicator of future income.

Correct as at 30/04/2022


OCF/TER 1.36%

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


Sell: 120.83 | Buy: 120.83

Correct as at 26/05/2022