UK OEIC

UK Equity Income

EI
ESG Integration

Latest NAV Price

154.9300
29 February 2024

NAV daily change %

-0.22

Dealing currency

GBX

Fund size

GBP 116.26 M
29 February 2024

Latest NAV Price

154.9300
29 February 2024

NAV daily change %

-0.22

Dealing currency

GBX

Fund size

GBP 116.26 M
29 February 2024

A core UK equity income fund focused on sustainable dividend growth, investing in attractively valued quality businesses

Reasons to invest

  • High-conviction approach combining income and capital growth
  • Seeking steadily increasing income distributions through a focus on cash generative, quality businesses with low capital intensity
  • Managed by Ninety One’s highly experienced Quality investment team
  • Could be suitable as a core UK equity income holding in investors’ portfolios

Objective

Investment objective summary

  • The Fund aims to provide income with the opportunity for capital growth (to grow the value of your investment) over at least 5 years.
      • The Fund invests primarily (at least two-thirds) in the shares of UK companies (those incorporated in, domiciled in, or that have significant economic exposure to, the UK).
      • The index used in the performance section is deemed to be a good representation of the Fund’s investable universe and is widely used, independently calculated and readily available. Fund performance can also be compared to the IA sector average. Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK investment managers), to facilitate comparison between funds with broadly similar characteristics.
      Ben Needham
      Portfolio Manager
      Ben is a portfolio manager in Ninety One’s Quality team. He co-manages of the UK Equity...
      Anna Farmbrough
      Portfolio Manager
      Anna is a portfolio manager in Ninety One’s Quality team. She co-manages the UK Alpha Fund...

      Performance & returns

      Key facts

      • Domicile

        United Kingdom
      • ISIN

        GB00BV9G3J51
      • Risk profile

        5
      • SEDOL

        BV9G3J5
      • Fund inception date

        29/01/2015
      • Share class inception date

        27/02/2015
      • Benchmark

        FTSE All-Share Total Return
      • IA sector

        IA UK All Companies
      • Minimum investment

        GBP1,000,000
      • Valuation point

        12 noon (forward pricing)
      • Ninety One Sustainability Classification

        ESG Integration

      Portfolio & Holdings

      Date as of 31/01/2024
      This Fund is primarily invested in securities of UK companies. However, due to globalisation, the economic exposures of the investments will be to a range of countries.

      Charges

      Maximum initial charge %

      0.00

      Ongoing charge %

      0.85
      The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

      Specific fund risks

      Concentrated portfolio

      The portfolio invests in a relatively small number of individual holdings. This may mean wider fluctuations in value than more broadly invested portfolios.

      Derivatives

      The use of derivatives is not intended to increase the overall level of risk. However, the use of derivatives may still lead to large changes in value and includes the potential for large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss.

      Equity investment

      The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. insolvency), the owners of their equity rank last in terms of any financial payment from that company.

      Geographic / Sector

      Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may mean that, in certain market conditions, the value of the portfolio may decrease whilst more broadly-invested portfolios might grow.

      Style Bias

      The use of a specific investment style or philosophy can result in particular portfolio characteristics that are different to more broadly-invested portfolios. These differences may mean that, in certain market conditions, the value of the portfolio may decrease while more broadly-invested portfolios might grow.

      We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs.

      All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

      This communication is provided for general information only. It is not an invitation to make an investment nor does it constitute an offer for sale. The full documentation that should be considered before making an investment, including the Prospectus and Key Investor Information Documents, which set out the Fund specific risks, are available from Ninety One. This Fund should be considered as a long-term investment.

      Performance data source: © Morningstar, NAV based, (net of fees, excluding initial charges), total return for GSF Luxembourg domiciled funds and net income reinvested where applicable for OEIC United Kingdom domiciled funds, in the share class dealing currency. Performance would be lower had initial charges been included as an initial charge of up to 5% (10% for S shares) may be applied to your investment. This means that for an investment of $1,000, where the initial charge equals 5%, $950 ($900 for S shares) would actually be invested in the Fund. Returns to individual investors will vary in accordance with their personal tax status and tax domicile.

      For a full description of the Morningstar rating for funds, please see the attached guide. A rating is not a recommendation to buy, sell or hold a fund.

      The overall rating for a fund, often called the ‘star rating’, is a third party rating derived from a quantitative methodology that rates funds based on an enhanced Morningstar™ Risk-Adjusted Return measure. ‘Star ratings’ run from 1 star (lowest) to 5 stars (highest) and are reviewed at the end of every calendar month. The various funds are ranked by their Morningstar™ Risk-Adjusted Return scores and relevant stars are assigned. It is important to note that individual shareclasses of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the shareclass. In order to achieve a rating the share class of a fund must have a minimum three-year performance track record.

      The portfolio may change significantly over a short period of time. This is not a buy or sell recommendation for any particular security. Figures may not always sum to 100 due to rounding. 

      For an explanation of statistical terms, please see our glossary.