HSBC Monthly Income R

Run under a quantitative approach from December 2006.

  • 146.20p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 320.40p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 4.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.25%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.40%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 2.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 23 January 2020, fund data last updated 01 February 2002

Fund summary

Sector UK Equity and Bond Income
Structure OEIC
Launched January, 1994
Size £135m
Yield 2.20%
Charging basis Capital
Dividends paid 15th day of each month

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.40%

Allocation

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Investment process

This Fund aims to provide a monthly income rising over time together with capital growth by investing predominantly in a combination of UK equities and fixed income securities.

Manager research

Average monthly relative returns

  • 15/16 0.08%
  • 16/17 -0.19%
  • 17/18 -0.08%
  • 18/19 -0.27%
  • 19/20 -0.16%

Bestinvest MRI

  • 3 years -0.17%
  • 5 years -0.12%
  • Career -0.15%
  • 3 years 21.80%
  • 5 years 29.10%
  • Career 23.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Tobyn Dickinson / Oliver Gottlieb

Track record

Tobyn Dickinson / Oliver Gottlieb has 6.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.15%. During the worst period of relative performance (from May 2013 - September 2019) there was a decline of 11% relative to the index. The worst absolute loss has been 9%.

Periods of worst performance

Absolute -9.00% (May 2015 - September 2015)
Relative -11.00% (May 2013 - September 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 30 November 2019

4.89% Glaxosmithkline
4.75% Royal Dutch Shell
4.72% Bp
3.38% Hsbc Hldgs
3.16% Unilever
2.71% Bhp Billiton Plc
2.54% Prudential Plc
2.52% British American Tobacco
2.45% Astrazeneca Plc
2.23% Tesco
Source: Trustnet

Sector breakdown

Corporate Bonds 19.00%
Financials 15.00%
Industrials 12.00%
Consumer Goods 10.00%
Consumer Services 10.00%
Oil & Gas 9.00%
Health Care 7.00%
Basic Materials 5.00%
Government Bonds 3.00%
Money Market 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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