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Santander Enhanced Income Portfolio Class I - Accumulation (GBP)

Sell:192.90p Buy:192.90p Change: 0.90p (0.46%)
Prices as at 19 July 2019
Sell:192.90p
Buy:192.90p
Change: 0.90p (0.46%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 19 July 2019
Sell:192.90p
Buy:192.90p
Change: 0.90p (0.46%)
Prices as at 19 July 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.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.57%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.57%
There are other unit types of this fund available:
Class I - Income (GBP) (Net ongoing charge 0.57%)

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.


Other Information

Unit type: Unbundled
Manager:
Multiple
Fund launch date: 11 December 2008
Sector: UK Equity Income
Fund size: £46 million
Number of holdings: 78
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

19/07/14 to 19/07/15 19/07/15 to 19/07/16 19/07/16 to 19/07/17 19/07/17 to 19/07/18 19/07/18 to 19/07/19
Annual return 10.61% -1.11% 13.49% 7.94% -0.72%

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

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

The aim of the Fund is to provide investors with enhanced income returns, and holdings are likely to include but are not limited to UK shares, sale of covered call options, UK Fixed Interest Securities (from time to time) and cash deposits. Investment may also be in a mixture of collective investment schemes. The fund may also use derivative instruments for investment and efficient portfolio management purposes. The Fund aims to provide enhanced income by: being weighted towards higher yield investments; and through a covered call option strategy. With this strategy, by selling call options, the fund manager in effect sells some of the potential future capital growth in some of the shares in exchange for an immediate lump sum. In doing this the manager takes on the risk that some capital appreciation may be given up on the portfolio in exchange for an enhanced level of income. The Manager receives a payment in exchange for taking this risk, hence increasing the income beyond the normal dividends received from the shares. Only some of the potential growth is sold in this way, and therefore the fund can still enjoy some capital growth. Additionally for some shares the strategy will not be adopted. This flexibility combined with the ability to invest in bonds ensures that the manager is able to adopt the strategy that is most efficient given market conditions at that time.

Income Details

Historic yield : 5.13%
Income paid: Monthly
Type of payment: Dividend
Ex-dividend date: 1 July 2019 1 August 2019 1 September 2019 1 October 2019 2 November 2019 1 December 2019 4 January 2020 1 February 2020 1 March 2020 1 April 2020 1 May 2020 1 June 2020
Payment date: 31 July 20194 31 August 20194 30 September 20194 31 October 20194 30 November 20194 31 December 20194 31 January 20204 28 February 20204 31 March 20204 30 April 20204 31 May 20204 30 June 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 30 June 2019.

Sector Weight
Non-Renewable Energy 13.10%
Industrial Metals & Mining 8.46%
Life Insurance 7.12%
Banks 6.52%
Tobacco 5.48%
Cash and Equiv. 5.40%
Household Goods & Home Construction 5.23%
Investment Banking & Brokerage Services 5.19%
Software & Computer Services 4.73%
Pharmaceuticals,Biotechnology & Marijuana Producers 4.22%
Country Weight
United Kingdom 84.27%
Cash and Equiv. 5.40%
Ireland 3.14%
Norway 3.07%
Switzerland 1.52%
France 1.52%
Sweden 1.48%
Germany 1.20%
Singapore 1.05%
Spain 0.65%

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 19 July 2019. Data provided by Funds Library, correct as at 30 June 2019.

FundsLibrary
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.