Fact sheet: F&C UK Equity Income

Fund information
Fund name
F&C UK Equity Income 2 Inc
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund managers
  • Thomas Wilsonsince 31/03/2017
  • David Mosssince 31/03/2017
Fund objective
The Fund aims to provide a yield significantly higher than that offered by the major UK equity indices with some long term capital growth. We will achieve this higher income by investing in equities with an above average yield rather than investing in fixed interest securities. Up to 10% of the portfolio may be invested overseas.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
23.2%
1 Year rank in sector
21/96
Sector
UT UK Equity Income
Yield
3.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.02%
Fund size
£63m (£58m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
88
Mid price
124.2
Top in this sector
Fund name1 Year
UBS UK Equity Income42.3%
VT Sorbus Vector34.8%
Scot Wid Fdmtl Index UK Equity33.2%
JOHCM UK Equity Income29.9%
Aberdeen UK Equity Income27.8%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK97.5%
    Money Market2.5%
  • Consumer Goods19.3%
    Financials19.3%
    Industrials16.1%
    Consumer Services14%
    Health Care8.7%
  • UK Equities97.5%
    Money Market2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.9%4.9%11.7%23.2%27.1%66.2%
Sector4.4%5.5%12.2%20.3%25.3%81.4%
Rank within sector28 / 10060 / 9961 / 9821 / 9642 / 8473 / 80
Quartile2nd3rd3rd1st2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund8.3%14.3%2.9%0.7%14.1%
Sector8.4%9.1%4.9%2.8%24.8%
Rank within sector46 / 9913 / 9370 / 8873 / 8479 / 80
Quartile2nd1st4th4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.72
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.89
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.47
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
8.03
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.23
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.02
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.85
Price movement
52 week high124
52 week low100.7
Current bid price-
Current offer price-
Current mid price124.2
Region
1UK97.5%
2Money Market2.5%
Industry sector
1Consumer Goods19.3%
2Financials19.3%
3Industrials16.1%
4Consumer Services14%
5Health Care8.7%
6Utilities6.6%
7Oil & Gas6.5%
8Telecommunications4.1%
9Others2.9%
Asset type
1UK Equities97.5%
2Money Market2.5%
Individual holdings
1BRITISH AMERICAN TOBACCO6.8%
2GLAXOSMITHKLINE5.5%
3HSBC HLDGS5.5%
4DIAGEO3.9%
5ROYAL DUTCH SHELL3.9%
6BAE SYSTEMS3.8%
7UNILEVER3.7%
8BARCLAYS PLC3.6%
9IMPERIAL BRANDS PLC3.3%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund objective
The Fund aims to provide a yield significantly higher than that offered by the major UK equity indices with some long term capital growth. We will achieve this higher income by investing in equities with an above average yield rather than investing in fixed interest securities. Up to 10% of the portfolio may be invested overseas.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Thomas Wilson31/03/2017Thomas Wilson is a fund manager in the European equities team, focussing principally on UK investments. He is a fund manager on the F&C UK Mid-Cap Fund and F&C UK Alpha Fund. He joined the firm in September 2007. Thomas graduated with a BSc in Economics from the University of Southampton, holds the IMC and is a CFA charterholder.
David Moss31/03/2017David Moss is a Fund Manager and Head of the European Equities team. From 1998-1999, he focused on UK Equity and prior to that he worked as a Fixed Interest Analyst focusing on the UK Gilt and Non-Gilt Markets. He joined the Group in 1996. David began his career in 1987 at Barclays Bank, where he worked as an Analyst on the Corporate Lending Team, working primarily with recovery situations for small to medium-sized enterprises. David graduated from the University of Loughborough in 1996 with a BSc Economics. He has obtained his ACIB and IIMR qualifications and is a member of the CFA Society of the UK.
Compliance
Distributor Status, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
F&C UK Equity Income 1 Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price160.9
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQA12
F&C UK Equity Income 1 Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price87.9
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQA11
F&C UK Equity Income 2 Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price76.99
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGRHA
F&C UK Equity Income 2 Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)1.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.2
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code03IX
F&C UK Equity Income 4 Inc
Initial charge-
Annual charge-
Min single investment£10,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.33%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.7
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJX96
Data provided by

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