MI Chelverton UK Equity Income Fund B Inc

Buy/Sell Price  (as of 20/10/2016) £1.08574   Day Change :  0.12%     Fund Code:  PXCEI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

Our View

Provider Logo


David is an acclaimed fund manager, specialising in small and mid-cap quoted investment and SME unquoted investment. He has many years experience in corporate finance assignments, identifying, structuring and managing investments as well as purchasing and managing private equity, specialist listed and AIM portfolios. He qualified as a chartered accountant in 1985 and has held senior positions in Touche Ross & Co, 3i Corporate Finance and Strand Partners Limited, with numerous public and private company directorships. In October 1997, David set up Chelverton Asset Management Limited to provide the investment management for the investment trust now known as Chelverton Growth Trust PLC, and was responsible for launching, in May 1999, Small Companies Dividend Trust PLC.


David is an award winning fund manager, who began his career as an analyst in the research department at Wedd Durlacher, later moving into fund management in 1987.He joined Gartmore Investment Limited in 1991. In 1995, he moved to LGT and latterly spent nearly seven years as head of UK smaller companies at HSBC Asset Management. David joined Chelverton Asset Management in January 2006. He earns him a AAA Citywire Fund Manager rating.
Investment HouseChelverton
Fund ProviderPhoenix Fund Services (UK) Ltd
ManagerDavid Horner   Biography
ManagerDavid Taylor   Biography

Fund Objective The objective of the Fund is to provide a progressive income stream and achieve long-term capital growth by investing primarily in a portfolio of fully listed and AIM traded UK equities. The Fund will invest in UK companies which aim to provide a high initial dividend, progressive dividend payments and long term capital appreciation.

Key Statistics

Fund Status
Fund TypeOEIC
12-Month NAV High £1.13
12-Month NAV Low £0.93
Fund Comparative IndexFTSE All Share TR GBP
Morningstar CategoryTMUK Equity Income
Dividend FrequencyQuarterly
Historic Yield4.79%

Annual Charges

Morningstar ratings

 as of  30/09/2016
Overall5 star
3 Years4 star
5 Years5 star
10 YearsN/A

Growth of £1000 Help

 as of  20/10/2016

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

Nothing to display.