Santander Equity Income Ret

  • 222.60p
    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!

  • 1.25%
    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).

  • 1.28%
    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.

  • 5.40%
    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 summary

Sector UK Equity Income
Structure UNIT TRUST
Launched January, 1971
Size £124m
Yield 5.40%
Charging basis Capital
Dividends paid Apr, Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.28%

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Investment process

To fund's objective is to achieve an attractive level of income commensurate with capital growth through investing in a wide range of equities and convertible stocks. The trust will invest primarily in the UK.

Manager research

Average monthly relative returns

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

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -4.30%
  • 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.

Stephen Payne

Prior to joining Santander Asset Management UK, Payne worked for Corporate Synergy for two years where he was an analyst on the sell side. During this time, he researched High Yield Mid & Small Cap UK equities, with specific focus on the Financial and Property sectors. Previously, he was a fund manager at Teachers Investment Management for the UK Mid and Small-Cap Equity Funds with research responsibilities across a number of sectors. He also ran their Sovereign Income Unit Trust during this time. has also held fund manager responsibilities at Framlington Investments from 2000, and prior to that at Hill Samuel Asset Management where he managed their range of UK Equity Income funds.

Track record

The track record of Stephen Payne 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 -48.00% (June 2001 - July 2002)
Relative -51.00% (June 2001 - July 2002)

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 30 August 2019

5.3568% Royal Dutch Shell
4.2175% British American Tobacco
4.1557% Softcat Plc
3.7324% Glaxosmithkline
3.5151% Rio Tinto
3.0785% Berkeley Group Hldgs
3.0304% Relx Plc
2.9684% Close Bros Group
2.8685% Imperial Brands Plc
2.7575% Unilever
Source: Trustnet

Sector breakdown

Financials 24.00%
Consumer Discretionary 13.00%
Energy 12.00%
Materials 12.00%
Consumer Staples 11.00%
Technology 11.00%
Health Care 6.00%
Money Market 5.00%
Industrials 5.00%
Utilities 3.00%

Key Investor Information

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