Rensburg UK Select Growth Trust Income Units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.25% |
| Annual charge | 1.50% |
| Annual saving | 0.200% ² |
| Total Expense Ratio | 1.55% |
| Launch date | 28-09-2001 |
| Launch price | £1.00 |
| Sector | UK All Companies |
| Fund size | £385 million |
| Number of holdings | 105 |
| 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
The fund has underperformed its peers over the last year. Mark Hall says there is no one major reason for this but rather a series of small negatives. After benefiting the fund for the first half of the year, the oil and gas exposure has been detrimental. Food producers and pharmaceuticals have been strong but these are areas he has avoided. The bias in smaller companies has also worked against the fund as these have suffered in the slowdown.
Full research
About the Fund Manager
Mark Hall
Located in: Leeds
Position : Lead Manager of the Rensburg UK Select Growth Trust since launch Sep 2001.
Degree: BA (Hons) Geography with additional Economics (1986).
Professional Qualifications: IMC, FSI (Dip).
Investment Experience: Mark trained as an Accountant before joining Rensburg in 1988 as a Smaller Companies Investment Analyst. Mark subsequently managed private client discretionary portfolios for four years, before assuming control of BWD Equity Growth in 1997. In addition to the above 2 funds Mark also manages a segregated mandate for Russell which is currently £119m in size. Mark has now managed the Rensburg UK Select Growth Trust since launch which continues to enjoy first quartile performance and in June 2004 won an award for the top fund manager for UK larger company shares in the Citywire manager ratio league table over the last 3 years. Mark has also been awarded Top UK Fund Manager by Citywire and best UK All Companies fund manager in March 2005. He is also AAA rated by them. Mark has also been voted best fund manager by Investment Week and is AAA rated by Standard & Poor's.
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Income details
| Gross running yield | 1.50% |
|---|---|
| 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 March 2008 |
|---|---|
| Payment date ³ | 30 April 2008 |
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Top 10 holdings
| HSBC Holdings PLC (UK Reg) | 5.50% |
|---|---|
| BP | 5.01% |
| Vodafone Group | 4.62% |
| GlaxoSmithKline | 4.32% |
| BG Group | 3.73% |
| Royal Dutch Shell B | 3.71% |
| Astrazeneca | 2.81% |
| Rio Tinto | 2.61% |
| BHP Billiton | 2.08% |
| Tesco | 1.91% |
Top 10 sectors
| Oil & Gas Producers | 15.77% |
|---|---|
| Banks | 12.06% |
| Support Services | 8.08% |
| Mining | 8.04% |
| Pharmaceuticals & Biotechnology | 7.13% |
| Mobile Telecommunications | 4.62% |
| Cash and Equiv. | 4.55% |
| Aerospace & Defence | 4.26% |
| Travel & Leisure | 3.70% |
| Financial Services | 3.41% |
Top 10 countries
| United Kingdom | 94.66% |
|---|---|
| Cash and Equiv. | 4.55% |
| Germany | 0.56% |
| Australia | 0.23% |
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.
