Newton Global Higher Income Income 
Overview
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.50% |
| Annual saving | 0.200% ² |
| Performance charges | No |
| Total Expense Ratio | 1.65% |
| Launch date | 30-11-2005 |
| Launch price | £1.00 |
| Sector | Global Growth |
| Fund size | £914 million |
| Number of holdings | 82 |
| Fund type | OEIC |
| 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
Although a deep recession might have been avoided, James Harries believes that a sustainable recovery could be some way off. He believes that the companies best placed to deal with the current environment are larger businesses with strong balance sheets, reliable dividends and preferably some exposure to emerging markets. Many of these companies are held in the portfolio and we think they stand to make good gains once investors recognise their appeal.
Full research
About the Fund Manager
James Harries
Located in: London
James graduated from Bristol University in 1994 with a BSc in Politics. After a year of military service he joined Newton working in the Private Investment Management department as a portfolio manager. During this time he was responsible for a wide range of clients and managed the Newton Falcon Fund. In 2004 James moved to Veritas Asset Management to establish and manage a global income fund as well as managing a range of other clients. He rejoined Newton in 2005 as a global equity manager
James gained a Masters Degree in Finance from the London Business School in 2004
Income details
| Historic yield | 4.78% |
|---|---|
| Income paid | Quarterly |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 31-01-2010.
Distribution dates
| Ex-dividend date | 01 January 2010 |
|---|---|
| Payment date ³ | 28 February 2010 |
1 of 4 
Top 10 holdings
| Reynolds American | 4.30% |
|---|---|
| Vodafone Group | 3.22% |
| Deutsche Post AG | 2.73% |
| Tele Norte Leste Participacoes S.A. ADS | 2.41% |
| Merck & Co. | 2.29% |
| Novartis AG | 2.18% |
| Unilever N.V. CVA | 2.15% |
| Pfizer | 2.14% |
| Annaly Capital Management IncCom Stk USD0.01 | 2.11% |
| Advanced Info Service PCL Fgn | 2.08% |
Top 10 sectors
| Pharmaceuticals & Biotechnology | 11.59% |
|---|---|
| Mobile Telecommunications | 10.30% |
| Oil & Gas Producers | 10.08% |
| Fixed Line Telecommunications | 7.91% |
| Tobacco | 6.28% |
| Bonds | 5.17% |
| Banks | 4.82% |
| Nonlife Insurance | 4.46% |
| Real Estate Investment Trusts | 4.34% |
| Financial Services | 4.18% |
Top 10 countries
| United States | 21.24% |
|---|---|
| United Kingdom | 14.52% |
| Germany | 8.35% |
| Singapore | 7.94% |
| Brazil | 5.80% |
| Japan | 5.00% |
| Netherlands | 4.39% |
| Switzerland | 4.21% |
| Hong Kong | 3.39% |
| France | 3.01% |
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 10-03-2010. Data accurate as at 31/01/2010.
