St James's Place UK High Income L

Large and mid-cap UK equity fund run by Neil Woodford.

  • 246.00p
    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.

  • 703.10p
    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).

  • 1.88%
    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.

  • 4.40%
    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 18 September 2020

Fund summary

Sector UK Equity Income
Structure UNIT TRUST
Launched January, 1992
Size £0m
Yield 4.40%
Charging basis
Dividends paid 15 Feb, 15 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.23%
Annual management charge 1.50%
Ongoing charges figure 1.88%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.35%
  • 16/17 -1.06%
  • 17/18 -0.70%
  • 18/19 -2.53%
  • 19/20 -3.65%

Bestinvest MRI

  • 3 years -2.29%
  • 5 years -1.66%
  • Career 0.02%
  • 3 years 0.50%
  • 5 years 0.20%
  • Career 83.70%

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

Neil Woodford

Woodford gained an Economics degree from Exeter University and then studied Finance at the London Business School. He began his career in 1981 with Dominion Insurance, moving to TSB’s corporate finance department in 1984. He moved back into investment management in 1986 with Eagle Star before moving to Perpetual in 1988. There he took responsibility for the UK team’s income funds, later becoming Head of Investment. He left Invesco Perpetual in April 2014, forming Woodford Investment Management in May 2014.

Track record

Neil Woodford has 31.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%. During the worst period of relative performance (from December 2015 - August 2020) there was a decline of 66% relative to the index. The worst absolute loss has been 65%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 84%.

Periods of worst performance

Absolute -65.00% (May 2017 - August 2020)
Relative -66.00% (December 2015 - August 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 July 2020

.0528% Astrazeneca Plc
.0411% Glaxosmithkline
.0352% Pearson
.0334% Anglo American
.0334% Rsa Insurance Group Plc
.0322% Morrison Plc
.0299% Royal Dutch Shell Plc
.027% Kingfisher
.0268% Centrica Plc
.0267% Tesco
Source: Trustnet

Sector breakdown

Industrials 18.00%
Financials 17.00%
Consumer Staples 11.00%
Communications 11.00%
Health Care 9.00%
Materials 9.00%
Consumer Discretionary 8.00%
Energy 7.00%
Utilities 4.00%
Information Technology 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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