Newton Higher Income Income Units 
Overview
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Performance charges | No |
| Total Expense Ratio | 1.60% |
| Launch date | 01-06-1987 |
| Launch price | £0.25 |
| Sector | UK Equity Income |
| Fund size | £2,715 million |
| Number of holdings | 73 |
| 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
Increasing levels of government intervention are likely to bring about more regulation, higher taxes and slower growth. With this bleak outlook Tineke Frikkee maintains the fund's focus on high quality companies with good dividend growth prospects. These businesses are considered most likely to weather a tough environment. Despite the outlook, she is finding plenty of opportunities and expects to be able to grow the fund's dividend this year.
Full research
About the Fund Manager
Tineke Frikkee
Located in: London
Tineke joined Newton after gaining an MBA at City University Business School in 1998. Since then, she has gained her professional qualifications (CFA), becoming an associate member of the AIMR and a Director of Investment Management at Newton
Tineke currently manages 11 UK equity portfolios with a combined value of £2.5bn, including both Retail and Pension Fund mandates
Income details
| Historic yield | 7.16% |
|---|---|
| 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 |
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Top 10 holdings
| BP | 9.02% |
|---|---|
| Royal Dutch Shell B | 7.34% |
| Vodafone Group | 6.64% |
| GlaxoSmithKline | 6.50% |
| AstraZeneca | 4.01% |
| Unilever | 3.80% |
| National Grid | 3.51% |
| British American Tobacco | 3.42% |
| Imperial Tobacco Group | 3.31% |
| Scottish & Southern Energy | 2.83% |
Top 10 sectors
| Oil & Gas Producers | 16.36% |
|---|---|
| Pharmaceuticals & Biotechnology | 10.51% |
| Gas, Water & Multiutilities | 8.50% |
| Tobacco | 6.73% |
| Mobile Telecommunications | 6.64% |
| Electricity | 5.27% |
| Nonlife Insurance | 5.22% |
| Food Producers | 4.49% |
| General Retailers | 4.46% |
| Travel & Leisure | 4.28% |
Top 10 countries
| United Kingdom | 99.84% |
|---|---|
| Non-Classified | 1.01% |
| Cash and Equiv. | -0.80% |
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 12-03-2010. Data accurate as at 31/01/2010.
