Most of the fund holds investments from a specific market sector, that of information technology. Funds like this can be more volatile than funds that invest in many sectors of the market. Indeed, especially in the short term, the value of the fund can increase and decrease more frequently and larger amounts than more diversified funds. In this case, the current saving is 0.00%, of which 0.00% is paid by the loyalty bonus. The tax that may be due on this loyalty bonus, and therefore the value of this savings for you, is listed below. The objective of the Fund is to achieve growth by tracking the performance of the FTSE World Technology Index (the “Index”). This objective is after deduction of fees and taxes. This unit has been added to your cart to view your cart, click here The index fund management team consists of 25 fund managers supported by two analysts. Management supervision is the responsibility of the Global Head of Index Funds.
The team has an average of 15 years of industry experience, including seven years at LGIM, and is focused on achieving the equally important goals of accurate tracking and maximizing returns. The return on this fund depends on relatively few individual investments. This means that a loss in value of an individual investment can have a major impact on the fund`s overall performance. HMRC believes that from April 2013, discounts on annual fees (e.g. loyalty bonuses) paid on funds in nominee accounts such as our Fund & Share account should be subject to income tax. Loyalty bonuses paid on ISA and SIPP funds are not affected and remain tax-exempt. Tax regulations are subject to change and benefits depend on individual circumstances. Keep in mind that loyalty rewards are tax-exempt for balances held in Vantage ISA or Vantage SIPP.
The objective of this fund is to achieve growth by tracking the performance of companies active in the information technology sector in the FTSE World Index. The fund will invest almost entirely in shares of the company. The fund`s investments will closely match those of the index. The index consists of stocks of companies around the world. The Fund may use derivatives (contracts whose value is linked to the price of another asset) for the following purposes: • Support for effective day-to-day management. •Reduction of certain market risks. Their units will be units of accumulation. The investment income held by the fund (dividends) is reinvested in the value of your shares.
This fund may not be suitable for investors who plan to withdraw their money within five years. In some cases, ongoing savings are provided by our loyalty bonus. Loyalty rewards are tax-exempt in an ISA or SIPP. However, they can be taxed into a fund and stock account, which would reduce their value and increase ongoing net fees. The objective of this fund is to achieve growth by tracking the performance of companies active in the information technology sector in the FTSE World Index. The fund will invest almost entirely in shares of the company. The fund`s investments will closely match those of the index. On occasion, the fund may need to reduce large holdings to ensure appropriate equity diversification. The index consists of stocks of companies around the world. The Fund may use derivatives to reduce risk or costs or to generate additional capital or income without risk or at an acceptable low risk. Important information Headline performance can obscure the true characteristics of a fund.
Without a clear understanding of how a fund is managed, you may be inadvertently exposed to an undesirable risk to your capital. Some funds have a dilution tax, which reduces the number of units realized as an upfront fee on an initial investment. If this fund includes such a levy, it must be listed in the Key Investor Information Document (KIID), which we are required to provide and which you must read before investing. The charts and performance data presented are provided by a third-party data provider and may contain data that appears to have preceded the introduction of the own share class for that fund. In such cases, historical data has been synthesized as realistically as possible, at the sole discretion of that external provider, using recorded historical data in relation to the previously available version of the commission paying fund, with adjusted fees. In addition, loyalty bonuses received by foreign investors, businesses, and charities do not have to be paid with the tax deduction. So, if you are a foreign investor or represent a business or charity, please let us know if you want your loyalty bonuses to be paid without any deduction of an amount equal to property tax. This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently verify the data before making any investment decision. All returns are variable and not guaranteed. As of August 31, 2022.
4 If you choose to receive winnings from a Vantage ISA or Vantage Fund & Share account, we will collect all dividends for you and then remit them directly to your bank account within the first 10 business days of the following month. This calculator provides you with information about the costs and fees on our fees and, if applicable, the costs of this investment product Please remember that past performance is not an indicator of future returns. If no data are presented, no figures are available. This information is provided to help you choose your own investments, keep in mind that they can both go down and up in value, so you can`t get back the original amount invested. These are the annual costs based on an initial investment amount of more than 1 year assuming a net zero growth rate. We are not commenting on this fund at this time. Past performance is no guarantee of future performance. If loyalty bonuses are taxable, the value of our current savings may be reduced for you, depending on the tax rate you pay.
The following table gives an indication of how this may affect you. This chart is not a forecast of future investment returns, but simply a way to show the potential impact of costs and fees on an assumed return of. While we make reasonable efforts to ensure the accuracy of third-party fee information, this is for informational purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up-to-date, therefore, we accept no responsibility for its use of a tracker fund that invests in IT companies worldwide. Privacy Policy – All information should be used for informational purposes only. You need to review the data independently before making any investment decisions. HL cannot guarantee that the data is accurate or complete and assumes no responsibility for its use. Morningstar Award, Booth 17. October 2022. Broadridge data as of September 30, 2022. We believe that all loyalty bonuses are tax-free and question HMRC`s interpretation.
However, as we rise to this challenge, we pay loyalty bonuses in the Vantage Fund & Share account minus an amount equal to base tax. If we succeed in our challenge, we will give that money back to the customers. If we fail, we will use the money to pay all amounts owed to HMRC. Cumulative effect of fees on your investment return Invest in this fund in an ISA, JISA, SIPP or investment account For income units, all income is paid in cash. This can be withdrawn, reinvested or simply held in your account. In the case of accumulation units, any income will remain in the Fund; The number of shares remains the same, but the price of each unit increases by the amount of income generated within the fund. In general, accumulation units offer a slightly more efficient way to reinvest income, although many investors choose to hold income units and reinvest the income to purchase additional shares. Business Sector: AI Technology and Technology Innovation (see sector) This figure assumes that costs occur uniformly throughout the year, that fees are paid uniformly throughout the year by the plant, and that an annual growth rate applies uniformly over the year, before fees, including product fees. The documents listed below are the latest versions, provided to our data provider by the fund management group.
However, does not necessarily reflect the applicable fees that would be charged if you purchased this fund through Charles Stanley Direct.