BMO UK Equity Income 1

Targets a yield above the FTSE All-Share, has the flexibility to invest overseas.

  • 87.19p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 179.00p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.84%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 4.40%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 13 December 2019, fund data last updated 01 July 2004

The fund aims to provide a rising income with capital growth from a portfolio of UK equities. The managers focus on well run, cash generative businesses with strong or improving competitive positions.

Fund summary

Sector UK Equity Income
Structure OEIC
Launched November, 1968
Size £53m
Yield 4.40%
Charging basis Capital
Dividends paid 30 Jun, 31 Dec

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.84%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 -0.05%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.27%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Rodger McNair

McNair heads up F&C’s UK Equity team in Edinburgh and is responsible for the management of Investors Capital Trust. Prior to joining the Group he spent two years as a trainee Investment Manager with Dunedin Fund Managers. In 1990, he joined the Group as an Investment Manager in the North American team, working initially from the Company's office in the US. In 1994, he took up the position of Senior Investment Manager in the UK team with responsibility for a number of Investment Trust and Pension Fund clients. McNair holds an Honours degree in Civil Engineering form Strathclyde University. He is also an associate member of the UKSIP.

Track record

The track record of Rodger McNair in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -27.00% (March 2002 - September 2002)
Relative -10.00% (October 2001 - December 2001)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 28 June 2019

6.7% Hsbc Hldgs
5.1% Astrazeneca Plc
4.8% British American Tobacco
4.8% Glaxosmithkline
4.4% Rio Tinto
4.4% Royal Dutch Shell
4.3% Phoenix Group Hldgs
4.2% Lloyds Banking Group Plc
4% Legal & General Group
3.7% Bp
Source: Trustnet

Sector breakdown

Financials 34.00%
Industrials 18.00%
Consumer Goods 12.00%
Health Care 10.00%
Oil & Gas 8.00%
Consumer Services 7.00%
Basic Materials 6.00%
Utilities 4.00%
Money Market 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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