Sell:126.20p Buy:126.20p Change: 
0.1p (0.08%)
Prices as at 15 March 2024
Sell:126.20p
Buy:126.20p
Change: 0.1p (0.08%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
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Prices as at 15 March 2024
Sell:126.20p
Buy:126.20p
Change: 0.1p (0.08%)
Prices as at 15 March 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
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Also available asaccumulation units 
Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
Charges and Savings
| Initial charges | |
|---|---|
| Initial charge: | 0.00% |
| Initial saving from HL: | 0.00% |
| HL dealing charge: | Free |
| Net initial charge: | 0.00% |
How initial savings affect the buy price
The initial saving applied to a fund depends on how it is priced. Dual priced funds have two different prices (a sell price and a buy price); single priced funds have a single price (at which the fund can be bought and sold).
For dual priced funds the difference between the buy and sell price is made up of the initial charge and other costs e.g. the fund manager's dealing costs. The 'initial saving from HL' will reduce the buying price, but even with a full discount the buying price may still be higher than the selling price.
For single priced funds the price quoted does not include the 'initial charge'. Any 'initial charge' after deduction of the 'initial saving from HL' will be added to the price quoted.
Please note that even where a full saving is offered a dilution levy could be applied on the way in or out of the fund.
For full details please see the HL guide to fund prices, savings and yields. ×
| Annual charges | |||
|---|---|---|---|
| Performance fee: | No | ||
| Ongoing charge (OCF/TER): | 0.90% | ||
| Ongoing saving from HL: | 0.00% | ||
| Net ongoing charge: | 0.90% | ||
| There are other unit types of this fund available: | |||
| |||
HMRC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, should be subject to income tax. Loyalty bonuses paid on funds in ISAs and SIPPs are unaffected, and they remain tax-free.
We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC.
If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.
In this case, the ongoing saving is 0.00%, of which 0.00% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.
| Non-taxpayer | Basic rate taxpayer | Higher rate taxpayer | Additional rate taxpayer | |
|---|---|---|---|---|
| Ongoing saving from HL: | 0.00% | 0.00% | 0.00% | 0.00% |
| Loyalty bonus: | 0.00% | 0.00% | 0.00% | 0.00% |
| Tax on loyalty bonus: | 0.00% | 0.00% | 0.00% | 0.00% |
| Value of ongoing saving to you: | 0.00% | 0.00% | 0.00% | 0.00% |
Tax rules can change and benefits depend on individual circ*mstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.
Also, loyalty bonuses received by overseas investors, companies and charities are not required to be paid with the deduction of tax. Therefore, if you are an overseas investor, or you represent a company or charity please let us know if you would like your loyalty bonuses paid without the deduction of an amount equivalent to the basic rate tax.
In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
HL Guide to fund prices, savings and yields
Other Information
| Unit type: | Unbundled |
|---|---|
| Manager: | Henry Dixon Henry Dixon |
| Fund launch date: | 5 March 1999 |
| Sector: | UK Equity Income |
| Fund size: | £1,406 million |
| Number of holdings: | 63 |
| Fund type: | ICVC |
| Accumulation/income: | Income |
| Dealing frequency: | Daily |
| Valuation point: | 12:00 |
| Trustee: | The Bank of New York Mellon (International) Limited |
| Minimum investment: | £100.00 |
| Charges deducted from: | n/a |
| Available in a regular savings plan: | Yes |
| Minimum regular savings value: | £25.00 |
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Performance
| 15/03/19 to 15/03/20 | 15/03/20 to 15/03/21 | 15/03/21 to 15/03/22 | 15/03/22 to 15/03/23 | 15/03/23 to 15/03/24 | |
|---|---|---|---|---|---|
| Annual return | -19.20% | 24.19% | 5.12% | 8.55% | 14.68% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
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Our view on this fund
The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Fund Objective
To achieve a level of income above the FTSE All Share Index together with some capital growth through investing, directly or indirectly, primarily in UK equities or in equities of companies which derive a substantial part of their revenues from activities in the UK.
Income Details
| Historic yield : | 5.25% |
|---|---|
| Income paid: | Monthly |
| Type of payment: | Dividend |
| Ex-dividend date: | 1 March 2024 1 April 2024 1 May 2024 1 June 2024 1 July 2024 1 August 2024 1 September 2024 1 October 2024 1 November 2024 1 December 2024 1 January 2025 1 February 2025 |
| Payment date: | 31 March 20244 30 April 20244 31 May 20244 30 June 20244 31 July 20244 31 August 20244 30 September 20244 31 October 20244 30 November 20244 31 December 20244 31 January 20254 28 February 20254 |
This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 December 2022.
- HoldingsTop 10 holdings
- SectorsTop 10 sectors
- CountriesTop 10 countries
| Security | Weight |
|---|---|
| GSK | 6.48% |
| BP | 4.55% |
| HSBC HOLDINGS | 4.37% |
| IMPERIAL BRANDS | 4.15% |
| BARCLAYS | 4.03% |
| LLOYDS BANKING GROUP | 3.70% |
| NATIONAL GRID | 2.96% |
| IG GROUP HLDGS | 2.92% |
| LANCASHIRE HLDGS | 2.78% |
| SHELL | 2.76% |
| Sector | Weight |
|---|---|
| Banks | 15.10% |
| Investment Banking & Brokerage Services | 11.27% |
| Non-Renewable Energy | 10.66% |
| Pharmaceuticals & Biotechnology | 7.91% |
| Industrial Support Services | 6.18% |
| Non-life Insurance | 6.12% |
| Household Goods & Home Construction | 5.98% |
| Industrial Metals & Mining | 5.63% |
| Gas, Water & Multi-utilities | 5.09% |
| Tobacco | 4.15% |
| Country | Weight |
|---|---|
| United Kingdom | 87.93% |
| Ireland | 3.04% |
| Direct Property and REITs | 2.46% |
| Non-Classified | 1.39% |
| France | 1.36% |
| Managed Funds | 1.34% |
| Israel | 1.32% |
| Netherlands | 1.15% |
| Cash and Equiv. | 0.00% |
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used.Prices provided by Morningstar, correct as at 15 March 2024. Data provided by Broadridge, correct as at 31 December 2023.
Key facts
| Henry Dixon | |
| Manager start date | 15/11/2013 |
| Manager located in | London |
Biography
Henry is a portfolio manager on the UK Equities team at GLG, having joined in October 2013. Prior to joining GLG, Henry was a portfolio manager and founder of Matterley where he ran their flagship Undervalued Assets Fund. Prior to that he worked at New Star where he Managed the British Lion Portfolio, and The Family Charities Ethical Trust. He also co-Managed the New Star Equity Income Fund (c GBP 300m) and assisted managing the Institutional Fund (c GBP 1bn). Henry has over eleven years' experience in equity investment management.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
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