AXA Framlington Equity Income Income Units
Also available as accumulation units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.25% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.59% |
| Launch date | 07-02-1980 |
| Launch price | £0.50 |
| Sector | UK Equity Income |
| Fund size | £316 million |
| Number of holdings | 81 |
| Fund type | Unit Trust |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
It has been an exceptionally tough period for this fund. The large scale losses in the financial sector have not helped. The fund’s bias in small and medium sized companies has also been detrimental to performance as these have come under pressure in the slowdown. On the upside, George Luckraft believes many shares have fallen to levels where the yields are attractive and the growth prospects are more encouraging at current levels.
Full research
About the Fund Manager
George Luckraft
Located in: London
George graduated from Cambridge with a degree in Engineering and Land Economy in 1980. Following his graduation, he joined Carrington Pembroke (subsequently ABN AMRO and now Artemis Unit Trust Managers) where he was Head of UK Equities.
George moved to AXA Framlington in September 2002. He is fund manager for the Equity Income, Managed Income and Monthly Income Funds.
Income details
| Running yield | 5.28% (net) |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 30-09-2008.
Distribution dates
| Ex-dividend date | 15 January 2008 |
|---|---|
| Payment date ³ | 15 March 2008 |
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Top 10 holdings
| HSBC Holdings PLC (UK Reg) | 4.78% |
|---|---|
| Royal Dutch Shell B | 3.70% |
| Victrex | 3.26% |
| BP | 3.26% |
| Vodafone Group | 3.26% |
| Scottish & Southern Energy | 2.68% |
| National Grid | 2.68% |
| BT Group | 2.64% |
| Speedy Hire | 2.62% |
| Latchways | 2.53% |
Top 10 sectors
| Banks | 9.46% |
|---|---|
| Oil & Gas Producers | 8.57% |
| Support Services | 7.94% |
| Cash and Equiv. | 7.05% |
| Mining | 5.28% |
| Travel & Leisure | 5.15% |
| Gas, Water & Multiutilities | 4.63% |
| Pharmaceuticals & Biotechnology | 4.26% |
| Mobile Telecommunications | 3.75% |
| Tobacco | 3.70% |
Top 10 countries
| United Kingdom | 90.41% |
|---|---|
| Cash and Equiv. | 7.05% |
| Ireland | 0.84% |
| Israel | 0.66% |
| Non-Classified | 0.43% |
| Luxembourg | 0.37% |
| United States | 0.24% |
| Canada | 0.00% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-11-2008. Data accurate as at 30/09/2008.
