HL Multi-Manager Cautious Managed Trust Accumulation
Also available as income units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.00% |
| Annual saving | 0.000% ² |
| Total Expense Ratio | 1.97% |
| Launch date | 02-06-2006 |
| Launch price | £1.00 |
| Sector | Cautious Managed |
| Fund size | £41 million |
| Number of holdings | 25 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Lee Gardhouse has focused the fund’s UK equity income exposure down to the managers in which he has the utmost conviction and who are positioned defensively in these challenging markets. A significant addition to the portfolio has been the new breed of absolute return funds, which have the ability to cushion investors from some of the sharp losses in the market. This should help the fund to ride out market storms better in future.
Full research
About the Fund Manager
Lee Gardhouse
Located in: Bristol
Lee 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 and the HL Multi-Manager Income & Growth Portfolio 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 is an Associate of the Society of Investment Professionals.
Income details
| Historic yield | 4.23% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 31 March 2008 |
|---|---|
| Payment date ³ | 31 May 2008 |
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Top 10 holdings
| Artemis Income | 9.51% |
|---|---|
| F&C UK Growth and Income Class 2 | 7.03% |
| Jupiter Income | 6.59% |
| AEGON Investment Grade Bond B | 5.87% |
| Royal London Sterling Extra Yield Bond A | 5.44% |
| Invesco Perpetual High Income | 5.41% |
| New Star Sterling Bond Unit Trust Class A | 5.12% |
| Invesco Perpetual Income | 4.88% |
| Invesco Perpetual Corporate Bond | 4.58% |
| M&G European Loan Class A | 4.35% |
Top 10 sectors
| Bonds | 30.50% |
|---|---|
| Cash and Equiv. | 13.94% |
| Managed Funds | 10.97% |
| Oil & Gas Producers | 5.65% |
| Pharmaceuticals & Biotechnology | 3.44% |
| Gas, Water & Multiutilities | 3.35% |
| Tobacco | 2.66% |
| Banks | 2.62% |
| Electricity | 2.57% |
| Support Services | 2.38% |
Top 10 countries
| United Kingdom | 52.16% |
|---|---|
| Cash and Equiv. | 13.94% |
| Managed Funds | 10.97% |
| United States | 4.30% |
| Netherlands | 3.03% |
| France | 2.12% |
| Non-Classified | 1.59% |
| Ireland | 1.50% |
| Germany | 1.18% |
| Hong Kong | 0.99% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or 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.
Last valuation as at 21-11-2008. Data accurate as at 01/11/2008.
