EdenTree Higher Income A

Targets income and capital growth from Investments in both equities

  • 135.10p
    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.

  • -
    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?

  • 2.00% 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!

  • 1.25%
    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).

  • 1.33%
    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.

  • 4.20%
    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 summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched November, 1994
Size £501m
Yield 4.20%
Charging basis Income/Capital
Dividends paid 30 Apr, 31 Aug

Charges

Standard initial charge 2.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.33%

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Investment process

The fund's objective is to provide an above average and growing level of income together with capital growth over the longer term. The Manager will seek to achieve the investment objective by investing in a mix of equities, fixed interest securities and such other investments that the Manager considers suitable.

Manager research

Average monthly relative returns

  • 14/15 -0.19%
  • 15/16 0.77%
  • 16/17 0.15%
  • 17/18 -0.56%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.15%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 99.70%

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

Robin Hepworth

Hepworth is a graduate of what is now Greenwich University (Estate Management). He worked at Church Commisioners as an Investment Analyst prior to joining Ecclesiastical in 1988. Initially a general investment analyst, he became fund manager of their pension fund in 1990.

Track record

Robin Hepworth has 18.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from December 1994 - February 2000) there was a decline of 19% relative to the index. The worst absolute loss has been 20%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -20.00% (October 2007 - October 2008)
Relative -19.00% (December 1994 - February 2000)

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 31 August 2019

3.1389% Glaxosmithkline
3.0561% Royal Dutch Shell
2.3217% Legal & General Group
2.2992% Bp
2.2255% Hsbc Hldgs
2.2176% Sanofi
1.8328% Astrazeneca Plc
1.7515% Greencoat Uk Wind Plc
1.7205% Bayer Ag
1.6228% Smith(Ds) Plc
Source: Trustnet

Sector breakdown

Financials 42.00%
Health Care 11.00%
Industrials 8.00%
Others 8.00%
Energy 7.00%
Consumer Discretionary 6.00%
Utilities 6.00%
Materials 6.00%
Consumer Staples 6.00%
Money Market 1.00%

Key Investor Information

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