CG Absolute Return Income | Hargreaves Lansdown (2024)

Sell:13,223.00p Buy:13,283.00p Change: CG Absolute Return Income | Hargreaves Lansdown (1) 19.00p (0.14%)

Prices as at 23 January 2024

Sell:13,223.00p

Buy:13,283.00p

Change: CG Absolute Return Income | Hargreaves Lansdown (2) 19.00p (0.14%)

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

Invest now

Prices as at 23 January 2024

Sell:13,223.00p

Buy:13,283.00p

Change: CG Absolute Return Income | Hargreaves Lansdown (4) 19.00p (0.14%)

Prices as at 23 January 2024

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

Invest now

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.

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Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%

How initial savings affect the buy price

The initial saving applied to a fund depends on how it is priced. Dual priced funds have two different prices (a sell price and a buy price); single priced funds have a single price (at which the fund can be bought and sold).

For dual priced funds the difference between the buy and sell price is made up of the initial charge and other costs e.g. the fund manager's dealing costs. The 'initial saving from HL' will reduce the buying price, but even with a full discount the buying price may still be higher than the selling price.

For single priced funds the price quoted does not include the 'initial charge'. Any 'initial charge' after deduction of the 'initial saving from HL' will be added to the price quoted.

Please note that even where a full saving is offered a dilution levy could be applied on the way in or out of the fund.

For full details please see the HL guide to fund prices, savings and yields. ×

Annual charges
Performance fee: No
Ongoing charge (OCF/TER): 0.56%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.56%

HMRC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, should be subject to income tax. Loyalty bonuses paid on funds in ISAs and SIPPs are unaffected, and they remain tax-free.

We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC.

If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.

In this case, the ongoing saving is 0.00%, of which 0.00% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.

Non-taxpayer Basic rate taxpayer Higher rate taxpayer Additional rate taxpayer
Ongoing saving from HL: 0.00% 0.00% 0.00% 0.00%
Loyalty bonus: 0.00% 0.00% 0.00% 0.00%
Tax on loyalty bonus: 0.00% 0.00% 0.00% 0.00%
Value of ongoing saving to you: 0.00% 0.00% 0.00% 0.00%

Tax rules can change and benefits depend on individual circ*mstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.

Also, loyalty bonuses received by overseas investors, companies and charities are not required to be paid with the deduction of tax. Therefore, if you are an overseas investor, or you represent a company or charity please let us know if you would like your loyalty bonuses paid without the deduction of an amount equivalent to the basic rate tax.

×

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.

HL Guide to fund prices, savings and yields


Other Information

Unit type: Unbundled
Manager:

Multiple

Fund launch date: 20 May 2016
Sector: Unclassified
Fund size: £1,120 million
Number of holdings: 249
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 17:00
Trustee: Northern Trust Fiduciary Services (Ireland) Limited
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

24/01/19 to 24/01/2024/01/20 to 24/01/2124/01/21 to 24/01/2224/01/22 to 24/01/2324/01/23 to 24/01/24
Annual return8.76%6.67%6.76%-0.91%-0.56%

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 Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The investment objective of the fund is to achieve long term capital growth in absolute terms.

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 1 November 2024
Payment date: 10 November 20244

This data is provided by Broadridge. 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. There is currently no yield information available for this fund.

  • HoldingsTop 10 holdings
  • SectorsTop 10 sectors
  • CountriesTop 10 countries
SecurityWeight
1/8 I-L Treasury 20246.11%
2½% Index-linked Treasury Stock 20245.44%
0 1/8% Index-linked Treasury Gilt 20293.71%
iShares iShares IV plc MSCI Japan ESG Screened UCITS ETF USD (Acc)3.25%
SPDR ETF SPDR MSCI Europe Energy UCITS ETF -2.62%
UNITED STATES 1.375% IL1.91%
US. TSY. INFL. I 0.75% IL1.88%
0 1/8% Index-linked Treasury Gilt 20261.72%
SWEDEN GOV. BD. 1.50%1.62%
Lyxor LYXOR STOXX EUROPE 600 BASIC RESOURCES1.43%
SectorWeight
Bonds66.79%
Equity Investment Instruments8.53%
Non-Classified5.20%
Non-Renewable Energy3.46%
Cash and Equiv.2.10%
Real Estate Investment & Services2.01%
Real Estate Investment Trusts1.91%
Managed Funds1.65%
Commodities1.01%
Investment Banking & Brokerage Services0.82%
CountryWeight
United Kingdom37.73%
United States20.94%
Non-Classified15.05%
Japan7.25%
Sweden3.88%
Cash and Equiv.2.10%
Direct Property and REITs1.89%
Managed Funds1.65%
Canada1.41%
Germany1.22%

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 23 January 2024. Data provided by Broadridge, correct as at 31 March 2023.

CG Absolute Return Income | Hargreaves Lansdown (6)

1 of 3

CG Absolute Return Income | Hargreaves Lansdown (7)

Key facts

Chris Clothier
Manager start date20/05/2016
Manager located inLondon

Biography

Chris joined CGAM in 2015, prior to that he was a director at IPGL Limited, a private investment vehicle with a range of public and private interests predominantly in the financial services industry, where he worked for six years. Before that he worked at MMC Ventures, an early-stage venture capital firm.Chris studied Chemistry at New College, Oxford.

CG Absolute Return Income | Hargreaves Lansdown (8)

Key facts

Alastair Laing
Manager start date20/05/2016
Manager located inLondon

Biography

Alastair joined CGAM in 2010, and has co-managed the funds since that date. He was appointed as a non-executive director of Capital Gearing Trust plc in 2013. Alastair joined CGAM from Hg Capital LLP (a pan-European private equity fund) and previously worked with the mergers and acquisitions team at Deloitte LLP. Alastair was educated at Edinburgh University and was an MBA Scholar at London Business School. He is a member of the Chartered Institute of Accountants of Scotland.

CG Absolute Return Income | Hargreaves Lansdown (9)

Key facts

Peter Spiller
Manager start date20/05/2016
Manager located inLondon

Biography

Prior to founding CGAM in 2000, Peter was a partner and strategy director at Cazenove & Co Capital Management and a US equity investor at Capel Cure & Myers. Peter has managed Capital Gearing Trust plc since 1982.

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

Invest now

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.

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I'm a financial expert with a deep understanding of investment funds and financial markets. Now, let's break down the information in the provided article about a specific fund:

  1. Fund Overview:

    • Fund Name: Not explicitly mentioned in the provided text.
    • Fund Type: Open-Ended Investment Company (OEIC)
    • Launch Date: 20 May 2016
    • Fund Size: £1,120 million
    • Number of Holdings: 249
    • Unit Type: Unbundled
    • Accumulation/Income: Income
    • Dealing Frequency: Daily
    • Valuation Point: 17:00
    • Trustee: Northern Trust Fiduciary Services (Ireland) Limited
    • Minimum Investment: £100.00
  2. Charges and Savings:

    • Initial Charges: 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): 0.56%
      • Ongoing Saving from HL: 0.00%
      • Net Ongoing Charge: 0.56%
  3. Performance (Annual Returns):

    • 24/01/19 to 24/01/20: 6.67%
    • 24/01/20 to 24/01/21: 6.76%
    • 24/01/21 to 24/01/22: -0.91%
    • 24/01/22 to 24/01/23: -0.56%
    • 24/01/23 to 24/01/24: Not provided

    Please note that past performance is not indicative of future returns.

  4. Fund Objective:

    • Long-term capital growth in absolute terms.
  5. Income Details:

    • Income Paid: Annually
    • Type of Payment: Dividend
    • Ex-dividend Date: 1 November 2024
    • Payment Date: 10 November 2024
  6. Top 10 Holdings:

    • The fund's top holdings include various securities, bonds, and ETFs.
  7. Top 10 Sectors:

    • Main sectors include Bonds, Equity Investment Instruments, Non-Classified, Non-Renewable Energy, etc.
  8. Top 10 Countries:

    • The fund has investments in the United Kingdom, United States, Japan, Sweden, and others.
  9. Fund Managers:

    • Chris Clothier (Manager start date: 20/05/2016)
    • Alastair Laing (Manager start date: 20/05/2016)
    • Peter Spiller (Manager start date: 20/05/2016)
  10. Tax Information:

    • Loyalty bonuses are subject to tax in a Fund & Share Account, affecting the net ongoing charge.

Remember, this information is for indicative purposes only, and it's crucial to independently verify data before making any investment decisions. Always consider the risks associated with investments, and past performance does not guarantee future results. If you have specific questions or need personalized advice, it's recommended to consult with a financial advisor.

CG Absolute Return Income | Hargreaves Lansdown (2024)

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