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F&C STEWARDSHIP INCOME 1 - Fund overview

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Overview of F&C STEWARDSHIP INCOME 1

This fund is managed to strict ethical guidelines with input from a large team whose purpose is to encourage companies to move towards good practice on social and environmental issues. The investment approach is well defined, employing a "bar bell" strategy that satisfies both the income criterion and provides some growth. Investors should be aware, however, that the fund's first priority is responsibility to its ethical status.

Standard Initial Charge

5.00% 0.00%

Invest via Bestinvest

to save 5.00%

Fund summary

Sector  UK Equity Income
Product type  OEIC
Launched  October, 1987
Size  £271m
Yield 4.0%
Charging basis  Capital
Dividends paid  31/1, 30/4, 31/7, 31/10.
Bid price(inc) 100.60p -0.50p
Bid price(acc) 145.10p -0.70p

Fund Charges

Standard Initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.59%
Reduction in yield (10yr) 1.59%

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No information available.

Portfolio

f&c stewardship income 1 asset allocation illustration
Allocation Proportion
Equity 89%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 11%
f&c stewardship income 1 equity geographic illustration
Allocation Proportion
UK 100%
Europe 0%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
f&c stewardship income 1 equity capitalisation illustration
Allocation Proportion
Large Caps 54%
Mid Caps 21%
Small Caps 25%

Investment process


The Stewardship fund invests in companies listed on the UK stock market whose products, services and operations are considered to be of long term benefit to the community both here and overseas.
The investment and ethical approach is autonomous. Thus F&C have a separate ethical committee. Its job is to screen for appropriate investments from an ethical point of view as well as actively engaging with companies regarding their environmental and social policies. It should be noted that the Stewardship family is relatively "dark green". Thus investments in companies involved with armaments, gambling, alcohol and tobacco industries are avoided as far as possible. As a consequence, the managers do not regard financial gain as the sole criterion for investment, but look to wider issues.
The investment process can be described as "bar bell" in that c30% of the portfolio will invest in bonds and higher yielding equities to provide income and the other portion in more conventional growth stocks. This strategy has been adopted as those areas of the stockmarket, which generally have higher dividends such as oils, are generally considered unethical for the fund.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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