HL Multi-Manager Equity & Bond Trust Acc

Ranked 323 out of 395 in - Balanced GBP over 12 months
All calculations are in GBP unless stated

Managed by

Lee Gardhouse

Lee Gardhouse has been part of the Hargreaves Lansdown multi-manager and investment trust teams since 1995. Gardhouse runs the HL Ultimate Managed, the HL Multi Manager Special Situations and the HL Multi Manager Income & Growth Portfolio funds. He focuses on managers with flair and a proven track record and likes managers to have equity stakes in their own management operations as he believes this provides the potential for good performance. He also keeps watching briefs to ensure there is a healthy variation of investment styles within the selected funds. Born in Reading in 1973, Gardhouse is an Associate of the Society of Investment Professionals. He was educated at St Bartholomew's School in Newbury and gained an honours degree in Economics from John Moore's University in Liverpool. He joined Hargreaves Lansdown in October 1995 and trained as an analyst before taking on fund management responsibilities.

David Smith

David Smith 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. He joined Hargreaves Lansdowne in February 2008 from here at Citywire, where he was a founder member of the award-winning editorial team, later becoming head of investment analysis. David has specialist responsibility for alternative assets and bond funds and has been the co-manager of the HL MM Cautious Managed Trust since February 2008 and joint manager of the HL MM Strategic Bond since its launch in February 2009.

Objective

The investment objective of the Fund is to provide income and capital growth. The fund will invest principally in other funds which are established in the UK and the underlying investments of which consist of equities and/or floating and fixed interest securities. It may also invest in funds established elsewhere in the European Economic Area. The fund will invest in accordance with the FCA Rules for Non-UCITS Retail Schemes. The fund has the flexibility to hold a broad spectrum of equity and fixed interest funds. On the equity segment, the fund may have exposure to smaller companies and overseas markets. On the fixed interest segment, the fund may have exposure to UK and overseas Government, Corporate or high yield bonds, and there are no overall constraints in terms of duration and credit ratings.

Showing fund performance in United Kingdom View performance globally

Performance

Balanced GBP over : 28/02/2018 - 28/02/2019

Total Return

Quarterly Performance

to 01/01/2019 Annual Q1 Q2 Q3 Q4
2018 -7.9% -4.5% 3.7% 0.0% -7.1%
2017 7.4% 3.6% 2.1% -0.7% 2.2%
2016 9.4% -0.4% 0.3% 8.4% 1.1%
2015 5.7% 5.7% -0.8% -3.3% 4.2%
2014 6.7% 1.5% 1.6% 1.5% 1.9%
2013 15.0% 7.6% -0.4% 4.4% 2.8%
2012 13.4% 6.1% -1.7% 5.6% 3.0%
2011 0.6% 0.9% 1.4% -5.1% 3.6%
2010 11.2% 4.4% -3.9% 7.7% 2.9%
2009 19.2% -6.4% 9.1% 13.5% 2.9%
2008 -22.3% -9.0% -1.2% -5.7% -8.3%
2007 0.9% 2.1% 2.1% -2.5% -0.7%
2006 5.0% 5.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/01/2019

Top 10 Holdings

Stock Size
LF Woodford Equity Income Z Sterling Inc 10.45%
Invesco Tactical Bond (UK) NT Inc 6.57%
JOHCM UK Equity Income B Inc 6.33%
Jupiter Asian Income I Inc 6.24%
Artemis Income R Inc 5.54%
Jupiter Strategic Bond Z Inc 5.51%
Jupiter Income Trust I Inc GBP 5.38%
Trojan O Inc 5.21%
Marlborough Multi Cap Income P Inc 5.12%
M&G Optimal Income I Inc 5.02%
30/11/2018

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date02/06/2006
  • Share Class size162Mn
  • Base currencyGBP
  • ISIN GB00B1434Z41

Purchase Info

  • Min. initial investment2,500
  • Min. regular additional investment0

Charges

  • Annual management0.75%
  • Initial investment5.00%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).