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Sterling Corporate Bond
Monthly Income Fund
Managed by Liontrust Investment Partners LLPPart of HSBC Investment Funds
Latest factsheet
Aug 2026
Fund size
£365.3m
Yearly charge
0.27%
Manager fee
0.20%
Income yield
–
Holdings
68
Launched
14 Jun 2010
The aim of the Fund is to produce monthly income payments together with capital growth using the Sustainable Future investment process and investing at least 80% of the portfolio in investment grade corporate bonds that are sterling denominated or hedged back to sterling. The Fund targets a net total return of at least the IBOXX GBP Corporate All Maturities Index over the long term (rolling 5-year periods).
Aitken Ross (Fund Manager) · Jack Willis (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | -0.30% | 0.00% | 0.00% | Bottom 25% |
| 3M | -1.90% | -1.30% | -1.20% | Bottom 25% |
| 6M | -0.30% | +0.20% | +0.30% | Bottom 25% |
| YTD | +0.20% | +0.30% | +0.60% | Bottom 25% |
| 1Y | +3.50% | +3.40% | +3.90% | Bottom 25% |
| 3Y | +21.70% | +18.80% | +19.10% | Top 25% |
| 5Y | +2.10% | -0.60% | -3.50% | Upper half |
| Since launch | +92.80% | +75.20% | +91.80% | – |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| +9.80% | +8.40% | -2.80% | +9.70% | +5.80% | -0.60% | -16.00% | +13.10% | +1.30% | +8.10% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | United Kingdom Gilt 4.375% 31-JUL-2054 | 3.60% | |
| 2 | Banco Santander SA 5.5% 28-APR-2033 | 2.70% | |
| 3 | NatWest Group PLC 7.416% 06-JUN-2033 | 2.30% | |
| 4 | DWR Cymru Financing UK PLC 6.25% 08-SEP-2037 | 2.30% | |
| 5 | BPCE SA 5.25% 31-JUL-2032 | 2.20% | |
| 6 | Investec PLC 4% 21-OCT-2032 | 2.20% | |
| 7 | CaixaBank SA 6.875% 25-OCT-2033 | 2.20% | |
| 8 | Credit Agricole SA 5.375% 20-DEC-2037 | 2.10% | |
| 9 | Anglian Water Osprey Financing PLC 6.75% 27-AUG-2031 | 2.10% | |
| 10 | Nationwide Building Society 5.167% 12-DEC-2033 | 2.10% | |
| 11 | HSBC Holdings PLC 8.201% 16-NOV-2034 | 2.00% |
Portfolio breakdown
Sector
| Core Financials | 41.70% | |
| Utilities | 19.40% | |
| Telecommunications | 7.00% | |
| Housing Associations | 5.90% | |
| Real Estate | 5.40% | |
| Other | 5.40% | |
| Industrials | 5.30% | |
| Financial Services | 4.20% | |
| Gilts | 3.60% | |
| Whole Business Securitized | 2.50% |
Geography
| United Kingdom | 60.40% | |
| United States | 7.90% | |
| France | 7.40% | |
| Netherlands | 6.90% | |
| Other | 5.30% | |
| Spain | 4.90% | |
| Luxembourg | 3.00% | |
| Denmark | 2.60% | |
| Belgium | 1.90% |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Aug 2026 | View original factsheet ↗ | 13 Sept 2026 |