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
  • Rodger McNairsince 01/12/2013
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
12.9%
1 Year rank in sector
14/88
Sector
UT UK Equity Income
Yield
3.9%
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.
1.06%
Fund size
£59m (£60m 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.
89
Mid price
114
Top in this sector
Fund name1 Year
UBS UK Equity Income36.5%
Scot Wid Fdmtl Index UK Equity25.5%
SJP UK Growth22.2%
Schroder Income Maximiser19.7%
Jupiter Income Trust19.2%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK96.2%
    Money Market3.8%
  • Consumer Goods16.8%
    Industrials16.1%
    Financials15.6%
    Consumer Services13.6%
    Health Care8.7%
  • UK Equities96.2%
    Money Market3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%-2%9.2%12.9%19%45.8%
Sector1.5%-1%6.1%7.3%18.4%62.2%
Rank within sector36 / 9362 / 9218 / 9214 / 8850 / 7967 / 74
Quartile2nd3rd1st1st3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund11.5%2.9%0.7%14.1%11.8%
Sector6.1%4.9%2.8%24.8%13.5%
Rank within sector13 / 8864 / 8368 / 8075 / 7648 / 75
Quartile1st4th4th4th3rd
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.
0.16
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.
0.92
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.
0.19
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%.
8.62
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.
3.16
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.
-0.09
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.
0.88
Price movement
52 week high121.8
52 week low96.78
Current bid price-
Current offer price-
Current mid price114
Region
1UK96.2%
2Money Market3.8%
Industry sector
1Consumer Goods16.8%
2Industrials16.1%
3Financials15.6%
4Consumer Services13.6%
5Health Care8.7%
6Utilities6.7%
7Others6.5%
8Oil & Gas6.2%
9Technology6%
Asset type
1UK Equities96.2%
2Money Market3.8%
Individual holdings
1BRITISH AMERICAN TOBACCO PLC6.4%
2HSBC HOLDINGS PLC5.7%
3GLAXOSMITHKLINE PLC5.4%
4DIAGEO PLC3.8%
5MICRO FOCUS INTERNATIONAL3.8%
6ROYAL DUTCH SHELL3.6%
7UNILEVER3.5%
8ASTRAZENECA PLC3.3%
9BAE SYSTEMS PLC3.1%
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
Rodger McNair01/12/2013Rodger McNair joined Dunedin Fund Managers in 1987 as trainee investment analyst. Moved to Friends Ivory & Sime in 1990 as investment manager in the North American team, working in the US. Appointed Senior Investment Manager in the UK team in 1994 and now heads the UK team in Edinburgh.
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 price145.4
CurrencyGBX
Price updated08/12/2016
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)1.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price80.99
CurrencyGBX
Price updated08/12/2016
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 price69.24
CurrencyGBX
Price updated08/12/2016
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)1.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114
CurrencyGBX
Price updated08/12/2016
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)0.34%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.57
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJX96
Data provided by

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