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Morgan Stanley Sterling Corporate Bond Class I - Accumulation (GBP)

Sell:2,704.82p Buy:2,704.82p Change: 0.1p (0.00%)
Prices as at 22 March 2019
Sell:2,704.82p
Buy:2,704.82p
Change: 0.1p (0.00%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 22 March 2019
Sell:2,704.82p
Buy:2,704.82p
Change: 0.1p (0.00%)
Prices as at 22 March 2019
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.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.37%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.37%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 0.50%)
Inclusive - Class A - Accumulation (GBP) (Net ongoing charge 0.50%)
Class F - Accumulation (GBP) (Net ongoing charge 0.22%)
Class F - Income (GBP) (Net ongoing charge 0.22%)

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.


Other Information

Unit type: Unbundled
Manager:
Multiple
Fund launch date: 1 December 2000
Sector: GBP Corporate Bond
Fund size: £247 million
Number of holdings: 264
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: State Street Trustees Limited
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: No
Minimum regular savings value: n/a

Open an easy to manage, low cost dealing account in less than 5 minutes

Deal shares from just £11.95 per trade online, and as low as £5.95 per trade for active traders.

More about the Fund and Share Account

Performance

22/03/14 to 22/03/15 22/03/15 to 22/03/16 22/03/16 to 22/03/17 22/03/17 to 22/03/18 22/03/18 to 22/03/19
Annual return 10.92% -0.33% 8.57% 2.30% 2.79%

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 Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

The objective of the Fund is to provide an attractive rate of return through investment primarily in sterling corporate and other sterling non-gilt fixed interest securities. A proportion of the Fund may also invest in non-sterling fixed interest securities as well as UK gilts.

Income Details

Distribution yield : 3.00%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 31 March 2019 30 September 2019
Payment date: 31 May 20194 30 November 20194

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 December 2018.

Security Weight
Bought GBP for EUR at 1.130262 24 Apr 2019 7.50%
LLOYDS TSB GRP PLC:2.250 16OCT2024 2.00%
AT&T INC:5.200 18NOV2033 1.20%
JP MORGAN CHASE & CO:3.500 18DEC2026 1.12%
DP WORLD:4.250 25SEP2030 1.05%
DISCOVERY COMMUNICATIONS LLC:2.500 20SEP2024 1.04%
CITIGROUP INC:2.750 24JAN2024 1.04%
BANQUE FEDERATIVE DU CREDIT MUTUEL/ FRAN:2.250 18DEC2023 1.02%
BAYERISCHE MOTOREN WERKE AG:1.875 11SEP2023 1.01%
HSBC HOLDINGS PLC:2.256 13NOV2026 0.99%
Sector Weight
Bonds 99.00%
Cash and Equiv. 13.66%
Non-Classified -12.66%
Country Weight
United Kingdom 41.13%
United States 13.83%
Cash and Equiv. 13.66%
Netherlands 10.02%
France 8.55%
Luxembourg 4.15%
Germany 4.14%
Spain 3.31%
Italy 3.20%
Australia 2.73%

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 22 March 2019. Data provided by Funds Library, correct as at 28 February 2019.

FundsLibrary
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.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.