Fact sheet: HL MMgrStgcBd

Fund information
Fund name
HL Multi Manager Strategic Bond A Acc
Fund manager company
Hargreaves Lansdown Fund Mgmt
Fund type
Unit Trust
Fund managers
  • David J Smithsince 02/02/2009
  • Lee Gardhousesince 02/02/2009
Fund objective
The investment objective of the Trust is to maximise total returns principally in the form of income.
Benchmark
  • Markit iBoxx Sterling Corporates
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
4.6%
1 Year rank in sector
38/77
Sector
UT Sterling Strategic Bond
Yield
1.9%
Fund size
£817m (£715m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
23
Bid price
175.23
Offer price
180.64
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • Not Specified97.1%
    Money Market2.6%
    Asia Pacific0.1%
    Japan0.1%
    Europe0%
  • BBB31.8%
    AAA31.5%
    High Yield Bond17.9%
    A13.8%
    Non-Rated6%
  • Global Fixed Interest97.6%
    Money Market1.8%
    International Equities0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-2%2.9%4.6%10.6%31.9%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector26 / 8333 / 8227 / 8238 / 7745 / 7135 / 60
Quartile2nd2nd2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.3%-0.2%5.4%3.6%13.4%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector43 / 7747 / 7443 / 7229 / 6435 / 61
Quartile3rd3rd3rd2nd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.12
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.88
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.03
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
2.96
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
0.79
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.79
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high179.86
52 week low163.62
Current bid price175.23
Current offer price180.64
Current mid price-
Region
1Not Specified97.08%
2Money Market2.64%
3Asia Pacific0.11%
4Japan0.09%
5Europe0.03%
6UK0.02%
7USA0.02%
8Global Emerging Markets0.01%
Industry sector
1BBB31.8%
2AAA31.5%
3High Yield Bond17.9%
4A13.8%
5Non-Rated6%
6AA5.3%
7Money Market4.4%
8Others-10.7%
Asset type
1Global Fixed Interest97.6%
2Money Market1.8%
3International Equities0.6%
Individual holdings
1INVESCO PERPETUAL TACTICAL BOND FUND14.36%
2FIDELITY MONEYBUILDER INC12.18%
3KAMES INVESTMENT GRADE BOND B INC11.63%
4ROYAL LONDON STERLING EXTRA YIELD11.28%
5M&G UK INFLATION LINKED CORPORATE BOND8.85%
6M&G OPTIMAL INCOME A INC GBP8.34%
7JUPITER STRATEGIC BOND8.3%
8M&G STRATEGIC CORPORATE BOND8.27%
9MORGAN STANLEY STERLING CORPORATE BOND8%
Management
Fund manager group
Hargreaves Lansdown
Fund manager company
Hargreaves Lansdown Fund Mgmt
Fund type
Unit Trust
Fund objective
The investment objective of the Trust is to maximise total returns principally in the form of income.
Benchmark
  • Markit iBoxx Sterling Corporates
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David J Smith02/02/2009David holds a BSc (Hons) degree in Statistics, Computing, Operational Research and Economics from University College London and an MSc in Financial Economics from Loughborough University. David also holds a variety of professional qualifications, including the Investment Management Certificate, and is a Chartered Alternative Investment Analyst (CAIA) charterholder. David has been co-manager of the HL Multi-Manager Equity & Bond Trust since February 2008 and the HL MM Balanced Managed Trust since July 2008. He has been co-manager of the HL MM Strategic Bond Trust since its launch in February 2009 and the HL MM Asia & Emerging Markets Fund since its launch in April 2015.
Lee Gardhouse02/02/2009Lee is the manager of the HL Multi-Manager Balanced Managed Trust, the HL Multi-Manager Cautious Managed Trust, the HL Multi-Manager Special Situations Trust, the HL Multi-Manager Income & Growth Portfolio Trust and the HL Multi-Manager Strategic Bond Trust. He holds a BA Hons degree in Economics from Liverpool John Moores University. Lee has been part of the investment team at Hargreaves Lansdown since 1995, specialising in the Investment Trust and Multi-manager arenas. He passed the Associate of the Society of Investment Professionals exam.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
HL Multi Manager Strategic Bond A Acc
Initial charge5%
Annual charge0.75%
Min single investment£100
Min regular saving£25
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.29%
Bid price175.23
Offer price180.64
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDST6
HL Multi Manager Strategic Bond A Inc
Initial charge5%
Annual charge0.75%
Min single investment£100
Min regular saving£25
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.29%
Bid price142.74
Offer price147.15
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDST7
HL Multi Manager Strategic Bond M Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price175.24
Offer price180.65
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM5OX
HL Multi Manager Strategic Bond M Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price142.76
Offer price147.17
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM5OY
Data provided by

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