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 and Ellen Powley, Fund Managers
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 the HL Multi-Manager Income & Growth fund prospectus.
At a glance
Income & Growth
Correct as at 30/04/2021
Sell: 201.49 | Buy: 201.49