J O Hambro Capital Management UK Equity Income Y GBP Acc
Category UK Equity Income
This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price
£1.928
£0.02 (+1.05%)
Fund Code
JOEYA
B8FCHK5
GB00B8FCHK57
Prices updated as at 28 Mar 2024
Prices in GBP
Investment objective
The Sub-fund’s investment objective is to generate a level of income which increases year on year as well as the potential to grow the amount invested over a rolling period of seven to ten years. The Sub-fund’s target is to have a return greater than the FTSE All-Share Total Return index (12pm adjusted), which is used in the calculation of performance fees. At least 90% of the Sub-fund is invested in the shares of companies which are listed on the London Stock Exchange (or other UK exchanges). These will include large, medium and small-sized companies. The Sub-fund is not expected to invest more than 25% in the shares of smaller companies, which are widely viewed as being riskier than shares in larger companies. Investing in shares of smaller companies enables the Sub-fund to find dividend income in a broader set of companies and, in the opinion of the fund managers, differentiates the Sub-fund from other similar funds.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.
- Key stats
- Growth
- Fidelity insight
- Performance
- Charges & documents
- Dividends
- Portfolio
- Risk & rating
- Management
Our view
The aim of the JOHCM UK Equity Income Fund is to achieve long-term capital appreciation and generate an above average dividend yield which will grow over time. This is primarily through investment in transferable securities, although the Fund may also be invested in money market instruments, deposits, warrants and units in other collective investment schemes. The fund is managed by James Lowen and Clive Beagles.
Beagles looks for dividend-paying companies which yield more than the market average on a 12-month prospective basis.
The fund, which holds 50-70 stocks, is biased towards value stocks, but Beagles only buys companies if they also have the ability to grow their earnings and dividend over time.