HSBC UK Growth & Income R

UK equity fund targeting both income and capital growth.

  • 46.26p
    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.

  • 94.51p
    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?

  • 4.00% 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).

  • 1.64%
    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.

  • 5.90%
    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 24 March 2020, fund data last updated 01 July 2002

The Fund aims to provide long term capital and income growth by investing predominantly in the UK. The Fund will invest predominantly in UK equities, fixed interest and other securities.

Fund summary

Sector UK All Companies
Structure OEIC
Launched July, 1998
Size £984m
Yield 5.90%
Charging basis Capital
Dividends paid 15 Mar, 15 Sep

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.64%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.17%
  • 16/17 -0.74%
  • 17/18 -0.26%
  • 18/19 -0.11%
  • 19/20 -0.22%

Bestinvest MRI

  • 3 years -0.20%
  • 5 years -0.23%
  • Career -0.15%
  • 3 years 9.20%
  • 5 years 14.00%
  • Career 27.80%

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

Oliver Gottlieb / Tobyn Dickinson

Track record

Oliver Gottlieb / Tobyn Dickinson has 7.1 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 May 2016 - February 2020) there was a decline of 16% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (December 2019 - February 2020)
Relative -16.00% (May 2016 - February 2020)

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 January 2020

6.56% Royal Dutch Shell
6.4% Bp
5.81% Glaxosmithkline
4.5% Diageo
4.48% Unilever
3.83% Hsbc Hldgs
3.8% Prudential Plc
3.48% Bhp Billiton Plc
3.47% Imperial Brands Plc
3.32% Tesco
Source: Trustnet

Sector breakdown

Financials 19.00%
Industrials 17.00%
Consumer Goods 16.00%
Consumer Services 15.00%
Oil & Gas 13.00%
Health Care 8.00%
Basic Materials 6.00%
Technology 3.00%
Mutual Funds 1.00%
Telecommunications 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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