HL Multi-Manager Inc & Growth Portfolio Income Units
Also available as accumulation units
Overview
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.00% |
| Annual saving | 0.150% ² |
| Performance charges | No |
| Total Expense Ratio | 1.89% |
| Launch date | 18-10-2002 |
| Launch price | £0.50 |
| Sector | UK Equity Income |
| Fund size | £520 million |
| Number of holdings | 10 |
| Fund type | Unit Trust |
| Type of units | Income |
Please read the Simplified Prospectus in addition to the information above.
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
In our view equity income funds offer investors access to some of the highest quality companies in the UK. They offer attractive yields, and as these companies are currently undervalued compared with the rest of the market, they also offer the potential for capital growth should their worth be reappraised as the economy recovers. On the other hand, if recovery falters, their defensive qualities should also make them less vulnerable. For investors who prefer to leave the fund selection to others, the HL Multi-Manager Income & Growth Portfolio Trust could be an excellent core holding. The fund aims to provide investors with access to a selection of what we believe are the finest fund managers in the UK. By bringing together complimentary styles the fund is able to capitalise on the best opportunities in the market. For those seeking a regular income the dividends are collected from the underlying funds and distributed to investors quarterly.
It's certainly not too late to take advantage of the potential offered by the equity income sector and I am confident the long-term returns from the HL Multi-Manager Income & Growth Portfolio Trust won't leave you disappointed.
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 | 21.67% |
|---|---|
| PSigma Income | 14.00% |
| J O Hambro (CM) UK Equity Income | 13.07% |
| Invesco Perpetual High Income | 11.43% |
| Threadneedle UK Equity Alpha Income | 10.81% |
| Invesco Perpetual Income | 10.51% |
| Jupiter Income | 9.96% |
| First State Global Asian Equity Plus Class I | 5.45% |
| Old Mutual UK Select Smaller Companies (Dublin) | 1.35% |
| Old Mutual UK Select Smaller Companies | 1.05% |
Top 10 sectors
| Pharmaceuticals & Biotechnology | 11.52% |
|---|---|
| Oil & Gas Producers | 11.33% |
| Tobacco | 7.59% |
| Gas, Water & Multiutilities | 6.26% |
| Mobile Telecommunications | 4.99% |
| Travel & Leisure | 4.48% |
| Banks | 4.32% |
| Nonlife Insurance | 4.07% |
| Support Services | 3.95% |
| Fixed Line Telecommunications | 3.87% |
Top 10 countries
| United Kingdom | 83.22% |
|---|---|
| United States | 3.59% |
| Cash and Equiv. | 2.84% |
| Hong Kong | 1.47% |
| France | 1.16% |
| Non-Classified | 1.13% |
| Netherlands | 1.00% |
| Taiwan | 0.82% |
| Singapore | 0.73% |
| South Korea | 0.65% |
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 16-03-2010. Data accurate as at 01/03/2010.

