A focused barbell approach to UK equity income investing, with an emphasis on large and mid cap companies.
Prices as at 10 Aug 2022.
Fund commentary last updated 29 Sep 2021.
Past performance is not an indication of future performance.
Capital at risk.
|Sector||UK Equity Income|
|Charging Basis||33% Income 67% Capital|
|Dividends paid||31 Mar, 30 Jun, 30 Sep, 31 Dec|
|Standard Initial Charge||0%|
|Initial Charge Via BestInvest||0%|
|Additional Bid/Offer Spread||0.52%|
|Annual Management Charge||0.75%|
|Ongoing Charges Figure||0.82%|
The fund’s investment universe is the FTSE All-Share and it holds a portfolio of 35 to 40 names. It mainly invests in UK-listed stocks but can and will own up to 20% non-UK listed stocks. The managers take a top-down economic view as well as using bottom-up stock selection, helped by BlackRock’s huge team of analysts including 14 covering UK listed stocks and 280 covering global stockmarkets. They invest in resilient companies with sustainable free cash flow, good management and strong balance sheets. The managers also place a big emphasis on the quality of a company’s management team and their ability to correctly allocate capital. Most of the fund is invested in high quality stocks growing their dividends year-on-year, with around 30% invested in those with the potential to produce attractive free cashflow and growing dividends in the future. This gives the managers flexibility to not just focus on traditional income names but invest in stocks where they can see a road map to strong cashflow performance.
Past performance is not a guide to future performance. View full risk warning