IFSL HAREWOOD UK ENHANCED INCOME B - Fund overview
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Overview of
IFSL HAREWOOD UK ENHANCED INCOME B
The fund seeks to generate a high annual yield of 8% p.a. paid quarterly, combined with capital growth potential. Yield is generated both from equity dividends received and through BNP Paribas’ daily call writing strategy. The call writing strategy systematically sells short term call options linked to the FTSE 100 Index on a daily basis, generating premiums which are used to both supplement the dividend yield as well as to cushion the Fund’s net asset value from moderate swings in the Index. Capital performance is linked to the FTSE 100 Index.
Standard Initial Charge
1.00% 0.00%
Fund summary
| Sector |
UK All Companies
|
| Product type |
OEIC
|
| Launched |
May, 2010
|
| Size |
£2m
|
| Yield |
9.5%
|
| Charging basis |
–
|
| Dividends paid |
–
|
| Bid price |
96.70p |
Fund Charges
|
Standard Initial charge
|
1.00%
|
|
Initial charge via Bestinvest
|
0.00%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
0.75%
|
|
Total expense ratio
|
0.75%
|
|
Reduction in yield (10yr)
|
0.75%
|