UK Equity Income & Growth Fund

Aims to provide a dividend income with prospects for both income and capital growth

ISIN
GB00BF8HV936

NAV
EUR 8.46
As of 13/07/2020

1-Day Change
EUR 0.10 (1.19%)
As of 13/07/2020


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 a dividend income, with prospects for both income and 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, in any industry, in the UK. The broad universe in which the Fund may invest includes companies in the FTSE All Share Index and those listed on the London Stock Exchange AIM market. The Fund will typically have a bias towards small and medium sized companies.
The Fund may also invest in other assets including bonds of any quality from any issuer, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
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, but at times the Fund may hold investments similar to 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.

AWARDS

Ratings for this fund include:

PORTFOLIO MANAGEMENT

James Henderson

Director of UK Investment Trusts | Portfolio Manager

Industry since 1982. Joined Firm in 1984.

Laura Foll, CFA

Portfolio Manager

Industry since 2009. Joined Firm in 2009.

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 30/06/2020
A Acc FTSE All Share Index IA UK Equity Income
 
Quarter End
As of 30/06/2020
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
-22.89% -10.08% 1.33% 21.15% -8.74%
FTSE All Share Index -14.22% -0.71% 8.28% 12.34% -13.33%
IA UK Equity Income - - - - -

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 30/06/2020
A Acc (Net) FTSE All Share Index
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
18/11/2013
A Acc 2.26% -25.47% -22.89% -11.10% -4.92% - -2.50%
FTSE All Share Index 0.73% -22.73% -14.22% -2.66% -2.13% - 1.76%

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 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 31/12/2019)
1.70%

Portfolio

Top Holdings (As of 31/05/2020)
% OF FUND
GlaxoSmithKline 5.71
Royal Dutch Shell 4.55
iEnergizer 4.41
Phoenix Group 3.30
Prudential 3.05
Chesnara 2.81
Direct Line Insurance Group 2.66
BP 2.64
HSBC 2.54
Severn Trent 2.43

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.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • 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.
  • 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 it trades becomes unwilling or unable to meet its obligations to the Fund.
  • 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, you may wish to consult a financial adviser.

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