LF Canlife UK Equity Income B

An exchange traded fund seeking to deliver an income of at least 110% of the yield of the FTSE All-Share index.

  • 348.36p
    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?

  • 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).

  • 1.18%
    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.

  • 5.50%
    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 10 July 2020

Fund summary

Sector UK Equity Income
Structure OEIC
Launched September, 1983
Size £244m
Yield 5.50%
Charging basis Capital
Dividends paid 15 Apr, 15 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.18%

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Investment process

The fund aims to provide half-yearly income and some capital growth mainly form investment in UK quoted shares providing an above average yield.

Manager research

Average monthly relative returns

  • 15/16 -0.30%
  • 16/17 0.25%
  • 17/18 -0.14%
  • 18/19 -0.24%
  • 19/20 0.21%

Bestinvest MRI

  • 3 years -0.06%
  • 5 years -0.04%
  • Career 0.00%
  • 3 years 59.90%
  • 5 years 63.70%
  • Career 90.00%

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

Craig Rippe

After graduating with a degree in Mathematics from Warwick University, Rippe joined Deloitte & Touche. He qualified there as a chartered accountant, specialising in the auditing and forensic investigation of financial institutions. He joined Govett Investment Management Limited in February 2001 as an Investment Analyst with a particular focus on UK Equity Income Products, and was appointed fund manager in July 2003.

Track record

Craig Rippe has 16.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -00%. During the worst period of relative performance (from December 2006 - November 2011) there was a decline of 16% relative to the index. The worst absolute loss has been 32%.

Periods of worst performance

Absolute -32.00% (October 2007 - March 2009)
Relative -16.00% (December 2006 - November 2011)

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

5.7% Bp
5.1% Glaxosmithkline
4.9% Astrazeneca Plc
4.8% National Grid
4.6% Royal Dutch Shell
3.7% British American Tobacco
3.6% Legal & General Group
3% Bhp Group Ltd
2.8% Barclays Plc
2.7% Rio Tinto
Source: Trustnet

Sector breakdown

Financials 26.00%
Consumer Staples 14.00%
Industrials 12.00%
Health Care 11.00%
Energy 10.00%
Materials 9.00%
Utilities 7.00%
Others 6.00%
Communications 4.00%

Key Investor Information

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