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New: CF Woodford Income Focus Fund

Seeking high income in a low income world

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Important - The value of investments can fall as well as rise, so you could get back less than you invest, especially over the short term. Income will vary and is not guaranteed. The information shown is not personal advice, if you are unsure of the suitability of an investment for your circumstances please contact us for personal advice.

What is CF Woodford Income Focus?

The new CF Woodford Income Focus Fund provides a way for investors to tap into the income provided by the stock market. It is managed by Neil Woodford, one of the most successful, experienced and well-known fund managers in the UK.

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High income

Seeking a high income for investors, with the potential for income and capital to grow over the long term.

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Exclusive low charge

Exclusive low ongoing charge for HL clients - not available through any other broker.

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Strong track record

Managed by one of the finest fund managers in the UK, with an outstanding track record spanning more than 35 years.


Seeking high income in a low income world

Overview

Neil Woodford’s new CF Woodford Income Focus Fund has a primary aim of generating a high income that will grow over time. It also has the potential to provide some capital growth.

The manager is seeking to provide income of 5p per share per annum. However, with new funds it can take time for income to build so investors will need to be patient while the income record is established. Remember there are no guarantees any specific level of dividend will be achieved.

What can you expect from the fund?

To deliver a high income Neil Woodford has invested in a range of larger, predominantly UK-based, high-yielding companies; some of these are companies he has invested in for many years. The portfolio is relatively concentrated, consisting of approximately 50 companies, allowing each investment to contribute significantly to performance, though this approach increases risk. He also has the flexibility to invest in companies of all sizes, including higher risk smaller companies.

The companies he targets are all in a strong financial position with the ability to pay, and importantly to sustain, high dividends. He tends to invest when they are out-of-favour and other investors are interested in companies perceived to be more exciting.

We expect the Income Focus fund to generate the bulk of its return from dividend payments and the potential for its income to rise over the long term.

The fund’s charges are taken from capital which increases the yield but reduces the potential for capital growth.

Neil Woodford is aiming to deliver 5p of income per share per annum

An exceptional record of investing

Neil Woodford is one of the most successful, experienced and well-known fund managers in the UK. He began his investment career in 1981, and has a history of getting the big calls right, giving him an edge over other managers. His track record is nothing short of outstanding, and our analysis shows his success is down to his excellent stock picking ability and shrewd sector allocation, although this is a new fund and it will perform differently to his earlier ventures. Past performance is not a guide to the future.

He has a good record of generating a high and rising income for investors. Naturally he won’t get it right every time, however, and like any manager he will experience periods where his style is out of favour and his fund underperforms. Like all investments the value will fall as well as rise, so investors could get back less than they invest.

Neil Woodford's career track record

Past performance is not a guide to the future. Source: Lipper IM, 01/10/88 - 01/06/17. Figures with income reinvested.

Cumulative income generated from £10,000 invested in 1988

Past performance is not a guide to the future. Source: Lipper IM, calendar years 1988 - 2016

Neil Woodford introduces his new fund, CF Woodford Income Focus Fund
Neil Woodford introduces his new fund, CF Woodford Income Focus

Low fixed annual fund charges

  • 0%

    Net initial charge

  • 0.6%

    Fixed ongoing fund charge (OCF/TER)

  • 0.45%

    Maximum HL Vantage charge

  • 1.05%

    Maximum overall charge

The standard annual charge for this fund is 0.75%. Our clients will invest in a unit class with a 0.65% annual management charge, and in addition receive an annual loyalty bonus of 0.05%, bringing the overall annual cost down to just 0.6%. Please note loyalty bonuses are subject to tax in the Vantage Fund & Share Account. The Vantage charge is our platform charge which won't be over 0.45%. Both of these charges will be payable if you want to hold the fund with HL, amounting to a maximum of just 1.05% in total. See our charges