Scottish Widows UK Equity Income A

Targets income and some capital growth from large and mid cap shares.

  • 702.00p Price (Inc)
  • 4798.00p Price (Acc)
  • 0.00% Initial charge
  • 1.25% Annual management charge
  • 1.36% Ongoing charges
  • 5.20% Yield

Prices as at 09 December 2019, fund data last updated 01 February 2002

Fund summary

Sector UK Equity Income
Structure OEIC
Launched October, 1970
Size £491m
Yield 5.20%
Charging basis Capital
Dividends paid 31 May, 30 Nov

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 1.36%

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Investment process

The fund's aim is to give an income together with some capital growth over the long term by investing mainly in a portfolio of UK company shares. The fund may also invest in fixed interest securities.

Manager research

Average monthly relative returns

  • 14/15 -0.29%
  • 15/16 0.19%
  • 16/17 -0.12%
  • 17/18 0.05%
  • 18/19 -0.04%

Bestinvest MRI

  • 3 years -0.04%
  • 5 years -0.04%
  • Career -0.05%
  • 3 years 56.40%
  • 5 years 54.80%
  • Career 54.00%

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

Swip Quantitative Investment Group

Sean Phayre is Head of SWIP’s Quantitative Investment Group, tasked with the development of quantitative strategies and structured product capabilities in both Equities and Fixed Interest. He joined SWIP from Aberdeen Asset Management, where he worked as co-head of Derivatives for three years. Prior to that he held various roles within Edinburgh Fund Managers, including head of Quantitative Analysis and was a part of the management team behind Edinburgh US Tracker and Edinburgh UK Tracker. Phayre holds a PhD from the Department of Statistics and Modelling Science at the University of Strathclyde. He also holds an MSc in Industrial Mathematics and a BSc Hons in Mathematical Sciences both also from the University of Strathclyde. He is an Associate of the UK Society of Investment Professionals (ASIP) and holds a PhD in Investment Analysis from the University of Stirling.

Track record

Swip Quantitative Investment Group has 7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from October 2012 - January 2016) there was a decline of 6% relative to the index. The worst absolute loss has been 15%.

Periods of worst performance

Absolute -15.00% (May 2015 - September 2015)
Relative -6.00% (October 2012 - January 2016)

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.

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Top 10 holdings

Data accurate as at 28 June 2019

9.7% Royal Dutch Shell
4.77% Hsbc Hldgs
4.55% Glaxosmithkline
4.31% Bp
3.6% Rio Tinto
3.58% Diageo
3.15% Unilever
3.1% Bhp Group Plc
2.58% Ftse 100 Index Futur
2.4% Vodafone Group
Source: Trustnet

Sector breakdown

Financials 23.00%
Consumer Goods 16.00%
Oil & Gas 14.00%
Consumer Services 14.00%
Basic Materials 10.00%
Health Care 9.00%
Industrials 7.00%
Telecommunications 3.00%
Money Market 2.00%
Technology 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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