Fact sheet: Smith & Williamson UK Eq Inc

Fund information
Fund name
Smith & Williamson UK Equity Income B Inc
Fund manager company
Smith & Williamson Invest Mgmt
Fund type
Unit Trust
Fund managers
  • Tineke Frikkeesince 30/06/2013
  • Mark Swainsince 28/03/2010
  • Tineke Frikkeesince 30/06/2013
  • Mark Swainsince 28/03/2010
Fund objective
To achieve a high and growing level of income over the long term primarily through investment in the UK. In order to achieve the objective, the strategy is to invest in companies with an above average yield but which at the same time may be reasonably expected to increase their dividends.
Benchmark
  • FTSE All Share TR
Investment style
None
Investment method
Shares
Quick stats
1 Year return
0.5%
1 Year rank in sector
69/91
Sector
UT UK Equity Income
Yield
4.2%
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.
0.72%
Fund size
£52m (£47m 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.
72
Top in this sector
Fund name1 Year
UBS UK Equity Income23.8%
Scot Wid Fdmtl Index UK Equity18.1%
SVS Church House DeepValInvts15.5%
SJP UK Growth13.7%
Jupiter Income Trust13.5%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK88.7%
    Money Market11.3%
  • Industrials16.5%
    Consumer Staples15.3%
    Utilities11.4%
    Money Market11.3%
    Financials10.2%
  • UK Equities88.7%
    Money Market11.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.4%-4.5%1.6%0.5%15.2%65.2%
Sector-2%-1.7%4.8%3.4%14.4%59.6%
Rank within sector90 / 9684 / 9677 / 9669 / 9148 / 8236 / 77
Quartile4th4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.4%6.8%3.9%29.2%13.2%
Sector4.1%4.9%2.8%24.8%13.5%
Rank within sector67 / 9235 / 8734 / 8320 / 7943 / 78
Quartile3rd2nd2nd2nd3rd
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.
1.27
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.
0.87
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.
0.36
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%.
7.91
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.
2.48
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.
0.22
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.
0.92
Price movement
52 week high130.7
52 week low111.6
Current bid price-
Current offer price-
Current mid price120.5
Region
1UK88.7%
2Money Market11.3%
Industry sector
1Industrials16.5%
2Consumer Staples15.3%
3Utilities11.4%
4Money Market11.3%
5Financials10.2%
6Consumer Discretionary8.4%
7Health Care7.7%
8Energy7.6%
9Telecommunications Utilities7.4%
Asset type
1UK Equities88.7%
2Money Market11.3%
Individual holdings
1ROYAL DUTCH SHELL4.4%
2BRITISH AMERICAN TOBACCO4.2%
3IMPERIAL BRANDS PLC4.2%
4BP4.1%
5GLAXOSMITHKLINE4.1%
6BT GROUP3.9%
7NATIONAL GRID3.2%
8ASTRAZENECA PLC3.1%
9BAE SYSTEMS3%
Management
Fund manager group
Smith & Williamson Invest Mgmt
Fund manager company
Smith & Williamson Invest Mgmt
Fund type
Unit Trust
Fund objective
To achieve a high and growing level of income over the long term primarily through investment in the UK. In order to achieve the objective, the strategy is to invest in companies with an above average yield but which at the same time may be reasonably expected to increase their dividends.
Benchmark
  • FTSE All Share TR
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Tineke Frikkee30/06/2013Tineke joined the UK equity team at Smith & Williamson in July 2013, primarily to manage the UK Equity Income Fund. She joined from BNY Mellon where she spent almost 15 years in the investment department. She managed the Newton Higher Income Fund from April 2004 to December 2012 and during that time won a number of performance accolades. Tineke grew up in the Netherlands and completed a Bachelor’s degree in Health Sciences at Zuyd University. She also has an MBA from City Business School in London and is a CFA Charterholder.
Mark Swain28/03/2010Mark joined Smith & Williamson at the end of 2005. Mark is the assistant fund manager on the Smith & Williamson UK Equity Income Fund and an assistant fund manager on the Smith & Williamson Enterprise Fund. Mark is also the in-house sector specialist responsible for the technology and telecoms sectors. Prior to joining Smith & Williamson, Mark worked at Leopold Joseph/ Bank of Butterfield from 2001. Mark graduated from the University of Nottingham in 2000 with a BEng (Hons) in Electronic Engineering. He is a Member of the Chartered Institute for Securities & Investment.
Tineke Frikkee30/06/2013Tineke joined the UK equity team at Smith & Williamson in July 2013, primarily to manage the UK Equity Income Fund. She joined from BNY Mellon where she spent almost 15 years in the investment department. She managed the Newton Higher Income Fund from April 2004 to December 2012 and during that time won a number of performance accolades. Tineke grew up in the Netherlands and completed a Bachelor’s degree in Health Sciences at Zuyd University. She also has an MBA from City Business School in London and is a CFA Charterholder.
Mark Swain28/03/2010Mark joined Smith & Williamson at the end of 2005. Mark is the assistant fund manager on the Smith & Williamson UK Equity Income Fund and an assistant fund manager on the Smith & Williamson Enterprise Fund. Mark is also the in-house sector specialist responsible for the technology and telecoms sectors. Prior to joining Smith & Williamson, Mark worked at Leopold Joseph/ Bank of Butterfield from 2001. Mark graduated from the University of Nottingham in 2000 with a BEng (Hons) in Electronic Engineering. He is a Member of the Chartered Institute for Securities & Investment.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, France, United Kingdom
Smith & Williamson UK Equity Income A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price191.1
CurrencyGBX
Price updated21/07/2011
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGYS7
Smith & Williamson UK Equity Income A Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price217.7
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTT11
Smith & Williamson UK Equity Income B Acc
Initial charge-
Annual charge0.65%
Min single investment£250,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price136.6
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK5FS
Smith & Williamson UK Equity Income B Inc
Initial charge5%
Annual charge0.65%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.5
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA1GF
Smith & Williamson UK Equity Income Y Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNB3S
Smith & Williamson UK Equity Income Y Inc
Initial charge-
Annual charge0.65%
Min single investment£15,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.5
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNB3R
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