Royal London Equity Income Trust Income Units
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.25% |
| Annual saving | 0.000% ² |
| Total Expense Ratio | 1.30% |
| Launch date | 11-04-1984 |
| Launch price | £1.00 |
| Sector | UK Equity Income |
| Fund size | £157 million |
| Number of holdings | 44 |
| 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
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About the Fund Manager
Martin Cholwill
Located in: London
Martin enjoys diversity, so perhaps it is unsurprising that he left an Actuarial training course to become a Fund Manager in 1983, joining AXA's UK Equities team as an analyst. During the 21 years that Martin worked for AXA he managed a variety of UK equity portfolios, including the UK Equity Insurance Funds (1993 - 1994), the General Trust (1994 - 1998) and the UK Growth Trust (1991 - 1996), concluding as a specialist UK equity income Manager when he took over management of AXA's UK Equity Income Fund in 1996. Martin believes it is the range of different and fascinating individuals that he has the opportunity to meet and the 'buzz' of beating the market that keeps him passionate about investment. Married with 2 daughters, Martin enjoys travel, wine, music, walking and gardening. He took over management of the Royal London Equity Income Trust in March 2005.
Income details
| Gross running yield | 3.81% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 30-11-2007.
Distribution dates
| Ex-dividend date | 01 February 2008 |
|---|---|
| Payment date ³ | 31 March 2008 |
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Top 10 holdings
| BP | 7.65% |
|---|---|
| Vodafone Group | 6.42% |
| Royal Dutch Shell B | 6.28% |
| HSBC Holdings PLC (UK Reg) | 6.17% |
| GlaxoSmithKline | 5.06% |
| Astrazeneca | 4.60% |
| National Grid | 4.53% |
| British American Tobacco | 4.47% |
| BT Group | 3.64% |
| Scottish & Southern Energy | 3.08% |
Top 10 sectors
| Oil & Gas Producers | 13.93% |
|---|---|
| Banks | 10.04% |
| Pharmaceuticals & Biotechnology | 9.65% |
| Gas, Water & Multiutilities | 8.39% |
| Tobacco | 7.29% |
| Mobile Telecommunications | 6.42% |
| Life Insurance | 6.08% |
| Media | 5.10% |
| Financial Services | 4.91% |
| Electricity | 3.87% |
Top 10 countries
| United Kingdom | 96.80% |
|---|---|
| Cash and Equiv. | 2.11% |
| Ireland | 0.58% |
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.
