Also available as income units
Charges and savings
|Fund manager's initial charge||4.25%|
|HL saving on initial charge||4.25%|
|HL Dealing charge||Free|
|Net initial charge||0.00%|
|Fund manager's annual charge||1.50%|
|HL Annual saving (loyalty bonus)||0.25% 2|
|Net Annual charge||1.25%|
|Fund manager's other expenses||0.18%|
|HL Platform charge||Free|
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above. Further details available in the HL guide to fund prices, savings and yields.
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HL research - our view on this fund
Despite the challenging economic backdrop they continue to find attractive companies in which to invest. Defence firm EADS has been increasing earnings as underlying profitability has continued to improve and airlines have been placing record orders for new aircraft in an effort to improve fuel efficiency. Within the industrial transportation sector the duo favour Kapsch Traficom. This company provides the software and hardware for road tolling as well as collection services. They believe the company's earnings growth is strong and underpinned as road tolling is an attractive way for governments to finance infrastructure improvements.
Over the past year exposure to telecoms companies has been reduced. Deteriorating revenue and profitability has meant several companies in the sector were forced to cut their dividends. They also reduced exposure to chemical companies as earnings were hit by weakening demand. Conversely, exposure to beverage company Anheuser-Busch Inbev was increased. The company has been managing its portfolio of brands more efficiently, driving sales volumes higher. Earnings growth has also been strong.
This fund does not currently feature on the Wealth 150 list of our favourite funds in each sector.
|Ex-dividend date||01 February 2014|
|Payment date 4||30 April 2014|
Top 10 sectors
|Pharmaceuticals & Biotechnology||6.57%|
|Technology Hardware & Equipment||4.95%|
|Construction & Materials||4.57%|
Top 10 countries
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving (loyalty bonus) only available on holdings worth over £1,000. Loyalty bonuses in the Vantage Fund & Share Account are paid net of basic rate tax. Loyalty bonuses in the Vantage ISA and SIPP are tax-free and paid gross.
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 24-05-2013. Data as at 30/04/2013.