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Income and 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.

Ellen Powley and Lee Gardhouse, Fund Managers

Why invest?

This fund aims to deliver both a regular income and long-term capital 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.

The majority of your money will be invested in UK shares, making the fund a medium to high-risk option. And as with most investments, you should plan to hold it for at least five years.

The fund invests across a variety of investment styles, sectors and companies of differing sizes. This means the fund is positioned to perform in a variety of market conditions.

You’ll get a mix of:

  • Large companies with a strong dividend history (not a guide to the future).
  • Smaller companies with dividend growth potential, though these are higher risk.
  • Overseas companies (up to 20% of the fund).

Important information - 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. Tax rules can change and benefits 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.

View factsheet

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

At a glance

Investment goal

Income & Growth

Relative risk


Invests in

95.5% Shares

2.8% Other

1.7% Cash

Correct as at 30/04/2021



Not a reliable indicator of future income.

Correct as at 31/12/2021


OCF/TER 1.26%

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


Sell: 209.56 | Buy: 209.56

Correct as at 21/01/2022