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Multi-Manager funds

HL Multi-Manager Income & Growth

Our favourite funds in one of our favourite sectors

"Equity income funds are perennially popular and this fund combines our favourites to offer an attractive yield, plus growth potential, in a low-interest-rate environment."

Lee Gardhouse & Ellen Powley, Fund Managers

Why invest?

Equity income funds have the simple aim of increasing income and growing capital over the long term. In many ways, equity income is investing in its purest sense. When buying a share of a company, you become part owner of that business and are entitled to a share of any profits distributed as dividends. Over time, the best companies increase profits and pay higher dividends, which should contribute to a rising share price.

Fund managers approach this aim in a variety of ways. Some invest in higher risk smaller companies with plenty of scope for future dividend growth, while others invest in large companies with well-established records of paying generous dividends.

This is why we seek to blend a selection of our favourite equity income funds into a single, convenient investment. We include fund managers with differing styles to form a diversified fund capable of delivering excellent long-term returns and reliable monthly income payments.

Important - The value of this fund and the income from it, can still fall so you could get back less than you invested, especially over the short term. If you are unsure of the suitability of any investment for your circumstances please contact us for advice. Once held in a SIPP money is not usually accessible until age 55 (rising to 57 in 2028). Relative risk ratings should not be used to compare these funds with other investments. Tax reliefs depend on individual circumstances.

This fund has a holding in LF Equity Income (formerly the Woodford Equity Income Fund), which is currently being wound up. This fund continues to trade as normal.

Invest now View factsheet

At a glance

Investment goal

Income & Growth

Relative risk

Moderate / Adventurous

Invests in

94.2% Shares

3.0% Cash

2.8% Other



Not a reliable indicator of future income.

Correct as at 31/03/2021


OCF/TER 1.23%

(plus up to 0.45% p.a. platform charge)


Sell: 194.69 | Buy: 194.69

Correct as at 14/04/2021

View the HL Multi-Manager Income & Growth fund prospectus.