For financial professionals in the UK

UK Responsible Income Fund

A low-carbon equity income fund with clear avoidance criteria.

ISIN
GB0005027338

NAV
GBP 137.10p
As of 22/09/21

1-Day Change
GBP 1.00p (0.73%)
As of 22/09/21

Morningstar Rating


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide an income with the potential for capital growth over the long term (5 years or more).

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The Fund invests at least 80% of its assets in shares (also known as equities) of companies, of any size, in the UK. Companies will be incorporated, headquartered, or deriving significant revenue from, the UK. The Fund will avoid investing in shares that the Investment Manager considers to potentially have a negative impact on the development of a sustainable global economy.
The Fund may also invest in other assets including other shares, Collective Investment Schemes (including those managed by Janus Henderson) and cash.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional income for the Fund.
The Fund is actively managed with reference to the FTSE All Share Index, which is broadly representative of the companies in which it may invest, as this can provide a useful comparator for assessing the Fund's performance. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index.
As an additional means of assessing the performance of the Fund, the IA UK Equity Income sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Avoids the oil, mining, tobacco, alcohol, and defence sectors.
  • Focuses on companies with good cash flow and growing dividends.
  • A low-turnover, long-term fund.
Past performance is not a guide to future performance. 
 

PORTFOLIO MANAGEMENT

Andrew Jones

Portfolio Manager

Industry since 1995. Joined Firm in 2005.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/21
A Inc (Net) FTSE All Share TR UK Equity Income sector
 
Quarter End
As of 30/06/21
Jun-2020 - Jun-2021 Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017
A Inc (Net) 21.74 -7.78 1.71 4.22 15.67
FTSE All Share TR 21.45 -12.99 0.57 9.02 18.12
UK Equity Income sector 25.43 -13.73 -2.52 6.15 19.37

Index Description

The FTSE All Share Index is a measure of the combined performance of a large number of the companies listed on the London Stock Exchange and includes large, medium and smaller companies. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Cumulative & Annualised Performance (%)
As of 31/08/21
A Inc (Net) FTSE All Share TR UK Equity Income sector
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
30/06/95
A Inc (Net) 2.64 14.35 27.08 6.06 5.56 9.67 7.93
FTSE All Share TR 2.67 14.66 26.95 3.65 5.92 7.71 7.18
UK Equity Income sector 2.73 16.20 31.24 3.36 4.98 8.13 7.15

Index Description

The FTSE All Share Index is a measure of the combined performance of a large number of the companies listed on the London Stock Exchange and includes large, medium and smaller companies. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

CALENDAR YEAR RETURNS (%)
A Inc (Net) FTSE All Share TR UK Equity Income sector
2016 2017 2018 2019 2020
A Inc (Net) 4.41 10.16 -11.42 27.21 -7.42
FTSE All Share TR 16.75 13.10 -9.47 19.17 -9.82
UK Equity Income sector 8.89 11.50 -10.53 20.12 -10.91

Index Description

The FTSE All Share Index is a measure of the combined performance of a large number of the companies listed on the London Stock Exchange and includes large, medium and smaller companies. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

FEE INFORMATION
Initial Charge 4.50%
Annual Charge 1.50%
Ongoing Charge
(As of 31/03/21)
1.73%

Portfolio

Top Holdings (As of 31/08/21)
% OF FUND
AstraZeneca 5.59
RELX 3.36
SSE 3.25
Vodafone Group 2.88
3i Group 2.87
Direct Line Insurance Group 2.82
Aviva 2.72
Sage Group 2.66
Schroders 2.64
Phoenix Group 2.54

Documents

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund follows a sustainable investment approach, which may cause it to be overweight and/or underweight in certain sectors and thus perform differently than funds that have a similar objective but which do not integrate sustainable investment criteria when selecting securities.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Some or all of the Annual Management Charge and other costs of the Fund may be taken from capital, which may erode capital or reduce potential for capital growth.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.