PSigma Income Fund Accumulation
Also available as income units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 4.75% |
| Annual charge | 1.50% |
| Annual saving | 0.100% ² |
| Total Expense Ratio | 1.68% |
| Launch date | 05-04-2007 |
| Launch price | £1.00 |
| Sector | UK Equity Income |
| Fund size | £334 million |
| Number of holdings | 104 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Although the fund struggled at the start of this year with its banking exposure, performance improved over the summer. Bill Mott bought into some of the more economically sensitive areas of the market like pub operators, retailers and house builders on weakness. He feels that getting the timing right helped as some then bounced from lows. Going forward, he expects steep interest rate cuts to help a frail UK economy.
Full research
About the Fund Manager
Bill Mott
Located in: London
Bill Mott is one of the best-known UK equity fund managers in the UK market, having spent 30 years at Credit Suisse. He is well known in the market for his top-down thematic investment style and for making major calls about the direction of the economy. Bill identifies particular inflection points in markets, most famously evidenced in March 2000 when he moved from growth to value stocks. This timely move avoided dramatic losses in TMT whilst capturing the rally in value stocks.
Income details
| Historic yield | 4.60% |
|---|---|
| Income paid | Bi-annually |
| 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 | 31 March 2008 |
|---|---|
| Payment date ³ | 31 May 2008 |
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Top 10 holdings
| Royal Dutch Shell B | 7.70% |
|---|---|
| BP | 7.64% |
| Vodafone Group | 5.82% |
| GlaxoSmithKline | 5.19% |
| HSBC Holdings PLC (UK Reg) | 4.54% |
| Astrazeneca | 2.93% |
| British American Tobacco | 2.92% |
| National Grid | 2.67% |
| Tesco | 2.35% |
| Imperial Tobacco Group | 1.87% |
Top 10 sectors
| Oil & Gas Producers | 16.73% |
|---|---|
| Pharmaceuticals & Biotechnology | 8.12% |
| Support Services | 7.30% |
| Banks | 6.49% |
| Mobile Telecommunications | 5.82% |
| Gas, Water & Multiutilities | 5.29% |
| Tobacco | 4.79% |
| Media | 4.43% |
| Cash and Equiv. | 4.28% |
| Food & Drug Retailers | 3.84% |
Top 10 countries
| United Kingdom | 95.72% |
|---|---|
| Cash and Equiv. | 4.28% |
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 01-12-2008. Data accurate as at 31/10/2008.
