HL Multi-Manager Inc & Growth Portfolio Accumulation Units
Also available as income units
Overview
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.00% |
| Annual saving | 0.150% ² |
| Total Expense Ratio | 1.97% |
| Launch date | 18-10-2002 |
| Launch price | £0.50 |
| Sector | UK Equity Income |
| Fund size | £488 million |
| Number of holdings | 10 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
| Performance charges | No |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
If you're looking for a rising income with the potential for capital growth over the long term in my opinion there is only one investment to consider equity income.Despite price rises in recent weeks, valuations remain attractive and yields of 5% are still available. Some companies will cut their dividends this year but others will have the strength to grow them. Having to provide a regular, sustainable dividend means the fund manager naturally migrates to companies with more predictable profits, lower debt, and dominant market positions the sort of companies that are ideally suited to the current market.
Furthermore, within this sector you'll find some of the finest managers in the UK. Income funds are the flagship for most fund groups. The competition for the top slot is fierce and drives outstanding long-term performance across much of the sector.
The Wealth 150 lists our favourite funds in the sector. Whichever fund you choose we will almost certainly offer you a better deal than anyone else. If, however, you would rather leave the fund selection to us then the HL Multi-Manager Income & Growth Portfolio could be worth considering. The portfolio knits together funds with different styles, investment approaches and yields to provide diversification.
We also collect all the dividends and distribute them to investors quarterly. The fund currently yields 5.1% and despite the problems in the economy many of the underlying managers believe they can maintain (and maybe increase) their dividends this year. The HL MM Income & Growth Portfolio aims to capture the best income opportunities in the UK market. After all, why invest with one top manager when you can invest with a selection of the best?
Full research
About the Fund Manager
Lee Gardhouse
Located in: Bristol
Lee is the manager of the HL Multi-Manager Balanced Managed Trust, the HL Multi-Manager Cautious Managed Trust, the HL Multi-Manager Special Situations Trust, the HL Multi-Manager Income & Growth Portfolio Trust and the HL Multi-Manager Strategic Bond Trust. He holds a BA Hons degree in Economics from Liverpool John Moores University. Lee has been part of the investment team at Hargreaves Lansdown since 1995, specialising in the Investment Trust and Multi-manager arenas. He is an Associate of the Society of Investment Professionals.
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Top 10 holdings
| Artemis Income | 22.22% |
|---|---|
| Jupiter Income | 14.12% |
| J O Hambro (CM) UK Equity Income | 12.00% |
| Threadneedle UK Equity Alpha Income | 11.54% |
| PSigma Income | 11.39% |
| Invesco Perpetual Income | 11.22% |
| Invesco Perpetual High Income | 11.01% |
| First State Global Asian Equity Plus Class I | 4.96% |
| Old Mutual UK Select Smaller Companies (Dublin) | 1.45% |
| Old Mutual UK Select Smaller Companies | 0.60% |
Top 10 sectors
| Oil & Gas Producers | 12.00% |
|---|---|
| Pharmaceuticals & Biotechnology | 10.81% |
| Tobacco | 6.36% |
| Gas, Water & Multiutilities | 5.79% |
| Mobile Telecommunications | 5.16% |
| Support Services | 4.54% |
| Nonlife Insurance | 4.42% |
| Banks | 4.33% |
| Fixed Line Telecommunications | 3.91% |
| Electricity | 3.63% |
Top 10 countries
| United Kingdom | 85.42% |
|---|---|
| United States | 2.48% |
| Cash and Equiv. | 2.08% |
| France | 1.38% |
| Hong Kong | 1.34% |
| Non-Classified | 0.96% |
| Netherlands | 0.79% |
| Taiwan | 0.71% |
| Singapore | 0.69% |
| South Korea | 0.61% |
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 06-11-2009. Data accurate as at 01/11/2009.

