Bestinvest says
The fund has been one of the stronger performers in the sectors since inception. The fund did suffer during 2007 and the fund was downgraded by Bestinvest when Beagles took his career break, but is has subsequently bounced back strongly. Note the fund is currently soft closed to new business and there is an upfront charge of 0.5% on new investments.
The fund's objective is to achieve long-term capital appreciation and generate an above average dividend yield, which will grow over time, primarily through investment in transferable securities although the fund may also be invested in money market instruments, deposits, warrants and units in other collective investment schemes. All stocks in the portfolio must have a higher yield than the FTSE All Share, which substantially reduces the investment universe. Once these stocks have been identified the managers build the portfolio using a bottom-up approach, favouring companies with strong cash and dividend flows.