HL Select UK Income Shares
Our favourite dividend shares in a single fund
Important information - The value of this fund can fall as well as rise so you could get back less than you invested, especially over the short term. The information shown is not personal advice, if you are at all unsure of the suitability of an investment for your circumstances please contact us for personal advice. The HL Select UK Income Shares Fund is managed by our sister company HL Fund Managers Ltd.
Managed by Hargreaves Lansdown, powered by BlackRock
We selected BlackRock, one of the world’s leading investment managers for the HL Select UK Income Shares Fund. For a total ongoing charge (OCF) of just 0.60%, investors benefit from both our strategic oversight as Fund Manager and BlackRock’s specialist portfolio management expertise.
Clients will benefit from:
Exceptional strength in portfolio construction and active management
Access to deep expertise from a leading global asset manager
Our robust governance and risk management
What is HL Select UK Income Shares?
This fund contains dividend-paying shares in quality companies in the UK. Dividends have long been a key element of the UK market, maybe more than any other. The fund focuses on shares that have high income potential, but also with good growth potential.
The UK is also home to some of the highest quality international companies alongside a diverse group of dynamic smaller businesses, giving fund managers varied opportunities to help grow your investment. This may include investment in higher-risk smaller companies where we see excellent potential for greater yield.
Our experts work closely with our appointed sub-managers, setting the framework, providing strategic oversight and guiding the careful selection of a number of financially attractive companies.
Is the HL Select UK Income Shares fund right for you?
It could be perfect if you:
Want to invest in high quality companies in the UK with great dividend potential
Want to invest in a fund that has a relatively concentrated portfolio – typically 30 to 60 companies
Are happy building your own diversified portfolio
Are happy to invest for the long term – we suggest at least five years
Have 3 to 6 months of essential expenses in cash for emergencies
Understand the value of your investments will rise and fall, so you could get back less than you invest
Understand any income is variable and not guaranteed
Any questions? Get in touch with our UK-based helpdesk. We’ll be happy to help.
The investment strategy
HL Select UK Income Shares is a fund focused on investing in UK dividend paying shares and powered by BlackRock. The team's edge comes from deeply understanding the businesses they invest in and carefully managing risks through the decisions they make.
The fund will invest primarily in well-run UK companies that the managers believe have a competitive edge with strong cash generation, able to support and sustain dividends. They like businesses that show they can manage their money well to generate value for shareholders. The aim is to combine these factors to beat the market benchmark over the long term.
BlackRock conducts its own in-depth research into companies, including proprietary financial analysis. They also have excellent access to company management, meaning they can really get under the skin of businesses. The strategy has strong emphasis on high quality companies with strong balance sheets, sustainable cash flow generation and transparent accounts.
Monthly Dividends
Income from the fund will be paid monthly. Investors can choose to have this automatically rolled back into the fund, by choosing accumulation units, or receive the dividends each month by choosing income units. We aim to provide a consistent dividend payment each month, although it is not guaranteed. Charges can be taken from capital, which increases the yield but reduces the potential for capital growth.
What BlackRock look for in companies
The potential to deliver above-average total return over the long-term is their main objective. Not every holding will tick each box but most of the companies invested in will share many of these characteristics:
We seek companies with strong market positions, differentiated products or services, and barriers to entry that support resilient earnings and cash flows through the cycle.
We look for businesses where fundamentals are improving but not yet fully reflected in the share price. These are driven by industry shifts, operational change, consolidation or strategic refocus.
We favour companies with a well‑defined strategic direction and governance structures that support long-term decision making and value creation.
We focus on balance sheet strength, cash generation and accounting transparency to ensure resilience across market cycles.
We invest where the share price does not fully reflect a company’s long-term potential, creating the opportunity for gains as fundamentals improve.
Management quality matters. We look for teams that allocate capital thoughtfully between reinvestment, dividends and balance sheet strength to enhance long-term shareholder returns.
Superior investor insight
Insight into exactly what's happening with your money.
Shares chosen for growth
See the underlying shareholdings, not just the top 10
Find out exactly why we hold the shares
Updated overall fund performance and breakdown
Managers’ blog
Learn what is bought and sold in the portfolio, along with our latest thoughts on the holdings and market each quarter.
Low fixed annual fund charges
Yearly charge based on an example £1,000 investment:
| Initial charge | Ongoing Charge | HL account charge | Total charge |
|---|---|---|---|
| £0 | £6.00 | £3.50 | £9.50 |
| 0% | 0.60% | 0.35% | 0.95% |
The ongoing charge is fixed and taken directly from the fund. This covers the management of the fund and all expenses other than transactional fees, which are incurred by all funds when shares are bought or sold. The HL charge is our platform charge which won't be over 0.35%. Both of these charges will be payable if you want to hold the fund with HL, amounting to a maximum of just 0.95% in total.
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 detailSee our charges
Ready to invest?
Invest Now View the key investor informationView fund factsheet
Meet the team
HLFM Investment Team
For more than 20 years, the HLFM investment team has been managing portfolios combining global market experience with disciplined, research-led decision making.
The team comprises of seven portfolio managers supported by a wider group of experienced investment professionals.
Ziad Gergi, CFA – Head of the HLFM Investment Team
Ziad joined HL in 2021 and is the Head of the HLFM Investment Team, overseeing the management of the funds within HL Fund Managers. He joined from Barclays Wealth where he was heading the Multi-Asset team. Ziad started his investment career in 2005 as an equity portfolio manager in Paris, France.
He moved to London in 2011 to join the multi-manager team at Barclays covering various equity markets and managing the firm’s mixed assets funds. Ziad has received multiple awards and recognition over his investment career. He holds Masters degrees in both Economics and Management, as well as being a CFA Charterholder.
Blackrock Portfolio Managers
Adam Avigdori, David Goldman