Bestinvest says
This fund is an alternative to an equity income portfolio and follows a more balanced approach towards enhancing income, whilst aiming to reduce the volatility of underlying capital. The fund is suitable for those looking for above average income, with some growth potential and benefits from the experience of two highly respected managers. However, our favoured fund in this space is Invesco Perpetual Distribution.
The corporate bonds elimant of the fund provides the majority of the income while the UK equity holdings are intended to provide some yield and the majority of capital growth.
John Hamilton manages the corporate bond portion, which is dominated with UK issues, although there are some European and North American holdings. He targets relative value anomalies and prefers a broadly diversified portfolio.
Anthony Nutt takes a pragmatic view to stock picking, focusing upon fundamentals and could be considered as a Growth At a Reasonable Price (GARP) investor. He targets companies with sustainable business models, which generally tend to be larger cap stocks.