← All funds
Sterling Corporate Bond
Corporate Bond Fund
Managed by Liontrust Investment Partners LLPPart of HSBC Investment Funds
Latest factsheet
Aug 2026
Fund size
£405.5m
Yearly charge
0.57%
Manager fee
0.50%
Income yield
–
Holdings
72
Launched
19 Feb 2001
The Fund aims to deliver income with capital growth over the long term (5 years or more) through using the Sustainable Future investment process. At least 80% of the Fund is invested in investment grade corporate bonds that are sterling denominated or hedged back to sterling. The Fund can also invest in government bonds and other fixed income securities.
Aitken Ross (Fund Manager) · Jack Willis (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | -0.40% | 0.00% | 0.00% | Bottom 25% |
| 3M | -2.20% | -1.30% | -1.20% | Bottom 25% |
| 6M | -0.60% | +0.20% | +0.30% | Bottom 25% |
| YTD | +0.20% | +0.30% | +0.60% | Bottom 25% |
| 1Y | +3.20% | +3.40% | +3.90% | Bottom 25% |
| 3Y | +21.10% | +18.80% | +19.10% | Top 25% |
| 5Y | -2.10% | -0.60% | -3.50% | Lower half |
| Since launch | +52.30% | +45.70% | +53.30% | – |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| +10.50% | +7.20% | -3.60% | +11.80% | +7.00% | -2.00% | -19.10% | +13.00% | +2.30% | +7.60% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | DWR Cymru Financing UK PLC 6.25% 08-SEP-2037 | 2.60% | |
| 2 | Banco Santander SA 5.5% 28-APR-2033 | 2.60% | |
| 3 | United Kingdom Gilt 1.5% 31-JUL-2053 | 2.30% | |
| 4 | Anglian Water Osprey Financing PLC 6.75% 27-AUG-2031 | 2.20% | |
| 5 | CaixaBank SA 6.875% 25-OCT-2033 | 2.10% | |
| 6 | Investec PLC 4% 21-OCT-2032 | 2.10% | |
| 7 | Credit Agricole SA 5.375% 20-DEC-2037 | 2.10% | |
| 8 | Severn Trent Utilities Finance PLC 5.875% 31-JUL-2038 | 2.10% | |
| 9 | Yorkshire Water Finance PLC 6% 22-JUL-2033 | 2.00% | |
| 10 | Argentum Netherlands BV for Zurich Insurance Co Ltd 5.125% 01-JUN-2048 | 2.00% | |
| 11 | Nationwide Building Society 5.167% 12-DEC-2033 | 2.00% |
Portfolio breakdown
Sector
| Core Financials | 41.20% | |
| Utilities | 21.00% | |
| Telecommunications | 6.80% | |
| Housing Associations | 6.00% | |
| Other | 5.90% | |
| Industrials | 5.70% | |
| Real Estate | 5.60% | |
| Financial Services | 3.80% | |
| Technology | 2.40% | |
| Whole Business Securitized | 2.30% |
Geography
| United Kingdom | 59.40% | |
| France | 8.10% | |
| Netherlands | 8.10% | |
| United States | 7.90% | |
| Spain | 5.80% | |
| Other | 5.10% | |
| Luxembourg | 3.30% | |
| Ireland | 1.60% | |
| Denmark | 1.50% | |
| Cash & Derivatives | -0.70% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| 2 Inc GBP | GB0030029069 | 3002906 | inc | – | 0.50% | 0.57% | £500k |
| 6 Acc GBP | GB00B8BPH312 | B8BPH31 | acc | – | 0.50% | 0.57% | £500k |
| A1 Acc EUR | IE00BYWSTD52 | BYWSTD5 | acc | – | 0.80% | 0.87% | £1k |
| A10 Acc EUR | IE0006SGHHF3 | BPMRHG8 | acc | – | 0.20% | 0.27% | £5.0m |
| A10 Dis EUR | IE0007FBBFU5 | BPMRHH9 | inc | – | 0.20% | 0.27% | £5.0m |
| A5 Acc EUR | IE00BYWSTG83 | BYWSTG8 | acc | – | 0.40% | 0.47% | £1.0m |
| A8 Acc EUR | IE00BYWSTX58 | BYWSTX5 | acc | – | 0.30% | 0.37% | £10.0m |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Aug 2026 | View original factsheet ↗ | 14 Sept 2026 |