Smith & Williamson UK Equity Income Fund B Inc

Buy/Sell Price  (as of 24/09/2018) £1.178   Day Change :  0.17%     Fund Code:  SMEII 

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.

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Tineke joined the UK equity team at Smith & Williamson in July 2013, primarily to manage the UK Equity Income Trust. She joined from BNY Mellon where she spent almost 15 years in the investment department. She managed the Newton Higher Income Fund from April 2004 to December 2012 and during that time won a number of performance accolades. Tineke grew up in the Netherlands and completed a Bachelors degree in Health Sciences at Zuyd University. She also has an MBA from City Business School in London and is a CFA Charterholder.


Mark joined Smith & Williamson at the end of 2005. Mark is the assistant fund manager on the Smith & Williamson UK Equity Income Trust and an assistant fund manager on the Smith & Williamson Enterprise Fund. Mark is also the in-house sector specialist responsible for the technology and telecoms sectors. Prior to joining Smith & Williamson, Mark worked at Leopold Joseph/ Bank of Butterfield from 2001. Mark graduated from the University of Nottingham in 2000 with a BEng (Hons) in Electronic Engineering. He is a Member of the Chartered Institute for Securities & Investment.
Investment HouseSmith & Williamson
Fund ProviderSmith&Williamson Fund Administration Ltd
ManagerTineke Frikkee   Biography
ManagerMark Swain   Biography

Fund Objective To achieve a high and growing level of income over the long term primarily through investment in the UK. In order to achieve the objective, the strategy is toinvest in companies with an above average yield but which at the same time may be reasonably expected to increase their dividends.

Key Statistics

Fund Status
12-Month NAV High £1.28
12-Month NAV Low £1.11
Fund Comparative Index -
Morningstar CategoryTMUK Equity Income
Dividend FrequencyQuarterly
Historic Yield4.18%

Annual Charges

Morningstar ratings

 as of  31/08/2018
Overall2 star
3 Years2 star
5 Years2 star
10 Years2 star

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  24/09/2018

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.

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