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HL UK
Income Fund

Our best UK Income manager picks - in one investment

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AccumulationIncome ?

Sell: 223.39p|Buy: 223.39p|Change 1.38p (0.62%)

Correct as at 12/04/2024

Sell: 94.41p|Buy: 94.41p|Change 0.59p (0.63%)

Correct as at 12/04/2024

Important information - This is designed for investors who want to make their own investment decisions without personal advice and understand how to build a diversified portfolio. If you are unsure of the suitability of an investment for your circumstances, please contact us for advice. Investments will fall as well as rise in value so you could get back less than you invest. Past performance is not a guide to the future.

Why invest?

The UK has historically been one of the best places for income, with companies having a long history of paying dividends. And equity income funds, like the HL UK Income Fund, can provide an important element of almost any investment portfolio.

Dividends are important for investors who need income. But reinvesting dividends when you don't need them can be one of the most powerful ways to grow your money over the long term, though there are no guarantees.

How the HL UK Income Fund works

HL’s experts have hand-picked a team of external fund managers who they believe offer the best potential for long-term performance. The external fund managers will manage their own portions of the fund and we’ve given them clear boundaries on how to run them following their tried and tested strategies.

This fund aims to deliver both a regular income and long-term growth. It could be a core holding of an income-focused portfolio. However, as the focus is on UK companies, outside investment in other geographical areas and/or bonds could be beneficial.

You can invest with a lump sum of £100 or £25 by Direct Debit.

The fund takes its charges from capital, which can increase the yield on offer but reduce the potential for capital growth.

With one investment you'll get:

  • Diversification
    The majority of your money will be invested in UK shares. You’ll get a mix of large companies with a strong dividend history, and smaller companies with dividend growth potential, though these are higher risk.
  • Great managers
    We’ve pulled together the best ideas and best fund managers we can find from the UK Equity Income sector to create a fund of managers we believe have an edge over their peers.
  • A balanced approach
    The HL UK Income fund brings together a variety of investment styles, sectors and companies of differing sizes, meaning the fund is positioned to perform in a variety of market conditions.
  • The opportunity to beat the market
    Unlike an index fund, the HL UK Income Fund will be actively managed so there's potential to beat the market. The Fund aims to provide an annual income higher than that provided by the FTSE All-Share Total Return Index, and a total return in excess of the performance of the FTSE All-Share Total Return Index over rolling 5 year periods. The Fund's total return aim is measured after the deduction of Fund charges.
  • HL expertise
    HL’s own fund managers will oversee the fund, supported by one of the largest and best resourced fund-research teams in the UK. They’ll re-balance the portfolio, identify the next investment opportunity or change managers when they feel it’s the right time to do so.

You’ll get a higher level of service with the HL UK Income fund. This means the cost is higher than for standard funds. Full details of the cost of the fund are shown below. As with all funds, you’ll also pay our platform charge of up to 0.45% each year.

Investing in funds isn't right for everyone, if you're unsure learn more about whether you should save or invest. You should only invest if the fund's objectives are aligned with your own, and there's a specific need for the type of investment being made. You should understand the specific risks of the fund before you invest, and make sure any new investment forms part of a diversified portfolio.

Investments will fall as well as rise in value so you could get back less than you invest. We recommend holding this fund for a minimum of 5 years.

This is designed for investors who want to make their own investment decisions without personal advice. If you are unsure of the suitability of an investment for your circumstances, please contact us for advice.

Before making an investment, please read the key investor information, HL key features, terms and conditions.

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Key Investor Information Fund prospectus View fund factsheet

Key Investor Information

Fund prospectus

View fund factsheet

Costs

Expected yearly charge based on an example £1,000 investment

£0

Initial charge

£10.80

Ongoing charge

£4.50

HL platform fee

£15.30

Total charge

0%

Initial charge

1.08%

Ongoing charge
(OCF/TER)

0.45%

HL platform fee

1.53%

Total charge

The ongoing charge is taken directly from the fund. This covers the management of the fund and all expenses other than transactional fees which are charged on top of this, these costs are incurred by all funds when shares are bought or sold and are reflected in the fund’s price.

The HL platform fee is our charge for looking after your investments which won't be over 0.45% per year. Both of these charges will be payable if you want to hold the fund with HL, amounting to a maximum of just 1.53% in total per year. The above example assumes no growth.

This fund is managed by Hargreaves Lansdown Fund Managers Ltd, part of the Hargreaves Lansdown Group. If you invest, HL will receive the fund's management charge, as well as the platform fee.

See how the costs will affect your investment in detail

View HL’s charges

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Frequently asked questions

  • What’s the minimum I can invest?

    You can invest lump sums from £100 or invest by Direct Debit starting from as little as £25 per month.

  • Which accounts can I invest in?

    You can buy and hold the HL UK Income Fund in any of our investment accounts. If you’re investing for yourself, two of our most popular accounts are the Stocks and Shares ISA or the Fund and Share Account. There are also other accounts available if you’re looking to invest for retirement or for a child.

    If you want to see all the options, and their risks and benefits, try our compare accounts tool.

    Compare Accounts

  • Can I set up a direct debit into the HL UK Income Fund?

    Yes, you can invest by Direct Debit. You can set up a Direct Debit from as little as £25 per month. We’ll take payments on the 7th of the month or next available working day and invested by the 10th of the month or next available working day.

    To set up your direct debit, log in to your account and go to the “Monthly Savings” tab within an existing account via our website, or via the “Regular savings” section in the HL app. You can also set up an instruction when opening an account.

  • What’s the difference between income and accumulation units?

    The type of unit you hold determines how any income generated from the fund's underlying investments is treated.

    With income units, income is paid out to fund holders as cash. This could provide the investor with an income stream or the cash could be used to buy the same or a different investment.

    With accumulation units income is kept within the fund and reinvested, increasing the price of the units. Generally, for investors who wish to reinvest the income, accumulation units offer a more convenient and cost-effective way of doing so.

    This fund is available in both accumulation and income units.

    View HL UK Income Fund Accumulation Factsheet

    View HL UK Income Fund Income Factsheet