EdenTree Higher Income Fund Class B - Income (GBP)

Sell:137.00p Buy:137.00p Change:

0.30p (0.22%)

Prices as at 20 September 2019

Sell:137.00p

Buy:137.00p

Change:

0.30p (0.22%)

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

Prices as at 20 September 2019

Sell:137.00p

Buy:137.00p

Change:

0.30p (0.22%)

Prices as at 20 September 2019

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge:	2.00%
Initial saving from HL:	2.00%
HL dealing charge:	Free
Net initial charge:	0.00%

How initial savings affect the buy price

Annual charges

Performance fee:

Ongoing charge (OCF/TER):

0.78%

Ongoing saving from HL:

0.43% i

Net ongoing charge:

0.35%

There are other unit types of this fund available:

Inclusive - Class A - Income (GBP)

(Net ongoing charge 0.81%)

HMRC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, should be subject to income tax. Loyalty bonuses paid on funds in ISAs and SIPPs are unaffected, and they remain tax-free.

We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are 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.

If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.

In this case, the ongoing saving is 0.43%, of which 0.43% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.

	Non-taxpayer	Basic rate taxpayer	Higher rate taxpayer	Additional rate taxpayer
Ongoing saving from HL:	0.43%	0.43%	0.43%	0.43%
Loyalty bonus:	0.43%	0.43%	0.43%	0.43%
Tax on loyalty bonus:	0.00%	0.086%	0.172%	0.1935%
Value of ongoing saving to you:	0.43%	0.344%	0.258%	0.2365%

Tax rules can change and benefits depend on individual circumstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.

Also, loyalty bonuses received by overseas investors, companies and charities are not required to be paid with the deduction of tax. Therefore, if you are an overseas investor, or you represent a company or charity please let us know if you would like your loyalty bonuses paid without the deduction of an amount equivalent to the basic rate tax.

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.

HL Guide to fund prices, savings and yields

Please also read the Key Investor Information Document (KIID)

Other Information

Unit type:	Unbundled
Manager:	Multiple Multiple
Fund launch date:	17 November 1994
Sector:	Mixed Investment 40-85% Shares
Fund size:	£480 million
Number of holdings:	96
Fund type:	OEIC
Accumulation/income:	Income
Dealing frequency:	Daily
Valuation point:	12:00
Trustee:	Bank of New York Mellon Trust & Depositary Co. Ltd
Minimum investment:	£100.00
Charges deducted from:	Capital
Available in a regular savings plan:	Yes
Minimum regular savings value:	£25.00

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Performance

	20/09/14 to 20/09/15	20/09/15 to 20/09/16	20/09/16 to 20/09/17	20/09/17 to 20/09/18	20/09/18 to 20/09/19
Annual return	-3.19%	14.73%	9.01%	4.13%	1.80%

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

HL Research

This fund is managed by Robin Hepworth, one of the most experienced fund managers in the UK. He has a superb track record of blending shares and bonds to deliver an attractive income and capital growth over the long term. We think his experience, disciplined approach, and excellent track record...

Our latest article

Jonathon Curtis | 15 July 2019

Robin Hepworth is celebrating 25 years managing the fund. Find out why he's turning to infrastructure investments rather than bonds for diversification.

Fund Objective

The Fund aims to provide an above average and growing level of income together with capital growth over the longer term. The Manager will seek to achieve the investment objective by investing in a mix of equities, fixed interest securities and such other investments that the Manager considers suitable.

Income Details

Historic yield :	4.77%
Income paid:	Bi-annually
Type of payment:	Dividend
Ex-dividend date:	1 January 2020 1 July 2020
Payment date:	30 April 2020⁴ 31 August 2020⁴

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 May 2019.

Security	Weight
GLAXOSMITHKLINE	3.17%
ROYAL DUTCH SHELL	3.09%
LEGAL & GENERAL GROUP	2.36%
BP	2.33%
HSBC HLDGS	2.25%
SANOFI	2.21%
ASTRAZENECA	1.85%
GREENCOAT UK WIND	1.76%
BAYER AG	1.73%
SMITH(DS)	1.63%

Sector	Weight
Pharmaceuticals, Biotechnology & Marijuana Producers	11.13%
Bonds	10.70%
Equity Investment Instruments	7.85%
Banks	6.99%
Real Estate Investment Trusts	6.55%
Non-Renewable Energy	6.06%
Life Insurance	5.86%
Telecommunications Service Providers	5.24%
Non-life Insurance	4.93%
General Industrials	4.23%

Country	Weight
United Kingdom	53.03%
Non-Classified	7.85%
Germany	5.01%
Direct Property and REITs	4.97%
France	4.81%
United States	4.31%
Hong Kong	3.53%
Singapore	2.57%
Japan	2.26%
Sweden	2.04%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 20 September 2019. Data provided by Funds Library, correct as at 31 August 2019.

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

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.

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Thomas Fitzgerald
Manager start date	01/09/2016
Manager located in

David Katimbo-Mugwanya
Manager start date	01/09/2016
Manager located in

Rob Hepworth
Manager start date	17/11/1994
Manager located in