F & C Stewardship Income Class 1 Income Units

Sell : 77.43p | Buy : 77.43p | down 0.64p
Last valuation as at 21-11-2008

Also available as accumulation units

At a glance

Initial charge 5.00%
Initial saving 4.75%
Annual charge 1.50%
Annual saving 0.188% ²
Total Expense Ratio 1.53%
Launch date 13-10-1987
Launch price £0.50
Sector UK Equity Income
Fund size £298 million
Number of holdings 150
Fund type OEIC
Type of units Income

HL Research - Our view on this Fund

Mark Dampier The fund’s performance has been adversely affected by the weakness in the financial sector this year. On a more upbeat note, the bias in utilities stocks should prove beneficial. At the time of writing we understand Ted Scott is going on a three month sabbatical. Hilary Aldridge who co-manages the fund will take the helm with the additional support of Phil Doel, a key member of the UK team. We will be monitoring the situation closely.

Full research

About the Fund Manager

Photo of Phil Doel

Phil Doel
Located in: London


Phil Doel is a Director, UK Equities in the European Equities Team having joined the Group in 2005. He started his career at Coopers & Lybrand in 1992 where he qualified as a chartered accountant. He then moved to M&G in 1995 where he ran UK and pan-European equity portfolios for both retail and institutional clients in addition to having sector research responsibilities for a wide range of individual market sectors. In 2002 he joined Deutsche Asset Management as a Director, UK Equities where he was responsible for running UK institutional equity mandates and he also ran the highly successful DWS UK Opportunities Fund from its launch in October 2002. Phil graduated from Cambridge University with an MA in Geological Sciences in 1991.

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Income details

Historic yield 5.30%
Income paid Quarterly
Type of payment Dividend

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Distribution dates

Ex-dividend date 28 February 2008
Payment date ³ 30 April 2008
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Top 10 sectors

Gas, Water & Multiutilities 13.94%
Cash and Equiv. 8.60%
Support Services 7.05%
Oil & Gas Producers 6.90%
Mobile Telecommunications 6.79%
Electricity 5.93%
Bonds 5.87%
Banks 5.79%
Life Insurance 4.84%
Media 4.41%

Top 10 countries

United Kingdom 88.61%
Cash and Equiv. 8.60%
Ireland 0.83%
Luxembourg 0.62%
Netherlands 0.33%
France 0.32%
United States 0.28%
Norway 0.14%
New Zealand 0.12%
Australia 0.09%

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.

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