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JO Hambro UK Equity Income Inclusive - Class B - Accumulation (GBP)

Sell: 274.60pBuy: 274.60p0.70p (0.25%)

Prices as at 22 August 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.
Also available as income units Help

Charges and Savings

Fund manager's initial charge: 5.00%
HL saving on initial charge: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 1.25%
HL saving on annual charge (loyalty bonus): 0.625%
Net annual charge: 0.625%
 
Fund manager's other expenses: 0.05%
Performance fee: Yes   View risks

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently 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. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Inclusive
Manager: Multiple
Fund launch date: 30 November 2004
Launch price: £1.00
Sector: UK Equity Income
Fund size: £2,655 million
Number of holdings: 64
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Dexia Banque Internationale SA.
Minimum investment: £500.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £50.00

Performance

22/08/09 to 22/08/10 22/08/10 to 22/08/11 22/08/11 to 22/08/12 22/08/12 to 22/08/13 22/08/13 to 22/08/14
Annual return 11.25% 4.94% 22.1% 27.92% 12.04%

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.

View fund chart

Our view on this fund

A fund run by a management pair we rate highly with a history of outperforming. Their approach leads them to consider a greater proportion of higher risk small and medium-sized companies than their peers and this has so far been of significant benefit to investors. The pair is highly incentivised to both perform and remain at JO...

Read more HL research on this fund

Fund Objective

The objective of the Fund is to achieve long-term capital appreciation and generate an above average dividend yield, which will grow over time 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.

Income Details

Historic yield : 4.05%
Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 30 June 2014 30 September 2014 31 December 2014 31 March 2015
Payment date: 31 August 20144 30 November 20144 28 February 20154 31 May 20154

All yields are variable and not guaranteed. Information correct as at 30 June 2014.

Sector Weight
Oil & Gas Producers 13.84%
Life Insurance 8.95%
Mining 7.53%
Financial Services 7.41%
Banks 5.92%
Nonlife Insurance 5.66%
Travel & Leisure 5.38%
Real Estate Investment Trusts 4.74%
Construction & Materials 4.62%
Media 3.90%
Country Weight
United Kingdom 93.76%
Direct Property and REITs 4.74%
Cash and Equiv. 0.90%
Non-Classified 0.61%

Fund Manager

1 of 2
Photo of James Lowen

Key facts

James Lowen
Manager start date 30/09/2004
Manager located in London

Biography

James Lowen co-manages the JOHCM UK Equity Income Fund, alongside Clive Beagles. James is a qualified Chartered Accountant and joined Newton Investment Management in 1998 as a member of their Research Department. At Newton, he was an Investment Director, a member of the UK Policy Group (responsible for setting UK equity strategy) and the investment committee, and was Investment Leader for corporate governance issues. James holds a first class degree in Economics from the University of Exeter and is an associate member of the Institute of Investment Management and Research.

Photo of Clive Beagles

Key facts

Clive Beagles
Manager start date 30/09/2004
Manager located in London

Biography

Clive Beagles co-manages the JOHCM UK Equity Income Fund, alongside James Lowen, and is one of the UK?s most highly respected equity income managers. Prior to joining JOHCM, Clive worked at Newton Investment Management as Investment Leader, UK Equities and managed the successful Newton Higher Income Fund for three years. Clive holds a BA (Hons) in Economics and is an associate member of the Institute of Investment Management and Research.

You can buy or sell holdings in this fund through a NISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

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.

Prices as at 22 August 2014. Data as at 30 June 2014.

Wealth 150 fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

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The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.



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