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Acorn Income Fund (AIF) Ordinary 1p

Sell:261.00p Buy:268.00p 0 Change: 1.50p (0.56%)
Market closed Prices as at close on 18 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:261.00p
Buy:268.00p
Change: 1.50p (0.56%)
Market closed Prices as at close on 18 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:261.00p
Buy:268.00p
Change: 1.50p (0.56%)
Market closed Prices as at close on 18 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The portfolio is invested in equities and high income and fixed interest securities in order to achieve its investment objectives. It is the aim of the Company to provide both income and capital growth predominantly through investment of approximately 70% to 80% of the portfolio in smaller capitalised United Kingdom companies admitted to the Official List of the United Kingdom Listing Authority and traded on the London Stock Exchange or traded on AIM. The Company also aims to further enhance income for Shareholders by investing approximately 30% of its assets in high yielding securities which will be predominantly fixed interest securities but may include up to 15% of the portfolio in high yielding investment company shares.
Sector Weight
Industrials 24.83%
Financial Services 16.84%
Consumer Cyclical 8.49%
Technology 6.59%
Real Estate 3.92%
Utilities 2.88%
Communication Services 2.75%
Basic Materials 1.92%
Consumer Defensive 0.86%
Country Weight
United Kingdom 75.95%
United States 4.52%
Brazil 2.04%
Switzerland 0.59%

Fee Structure

Management fee of 0.7% p.a. of gross assets. Minimum annual management fee GBP 100,000. A performance fee of 15% of any excess over a total return of 10% p.a..

Dividend Policy

The policy is to provide Ordinary Shareholders with a high income relative to the average dividend yield of the UK Smaller companies comprised in the Numis Smaller Companies Index ex Investment Companies. The Company aims to pay a regular quarterly dividend in March, June, September and December. The ZDP shares do not carry a right to a dividend.

ASSET SPLIT

Total number of holdings: 117.

Trust Manager

Chun Lee

Manager Bio

Chun Lee is the manager of the Premier Corporate Bond Monthly Income Fund and co-manager of the Premier UK Money Market Fund. He is also part of the investment team managing the Premier Defensive Growth Fund and Premier Diversified funds. Chun joined Premier in 2016. Prior to Premier, he was co-manager of the Waverton Sterling and Global Bond funds at Waverton Investment Management. Chun graduated with a BA in Economics from Coventry University and has a MA in Finance and Investment from the University of Exeter.

Board Of Directors

Nigel WardChairman, David Warr, Nigel Sidebottom, Sharon Parr

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.