Lazard UK Income Retail Accumulation Units
Also available as income units
At a glance
| Initial charge | 3.75% |
|---|---|
| Initial saving | 3.75% |
| Annual charge | 1.25% |
| Annual saving | 0.150% ² |
| Total Expense Ratio | 1.30% |
| Launch date | 31-03-1971 |
| Launch price | £0.50 |
| Sector | UK Equity Income |
| Fund size | £83 million |
| Number of holdings | 70 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Underperformed during a torrid year for UK equity income managers. Fund holds significant positions in the financial and oil & gas sectors.Full research
About the Fund Manager
Alan Clifford
Located in: London
Alan Clifford is a Senior Vice President and Portfolio Manager/Analyst for Lazard Asset Management Ltd in London. Prior to joining the Firm in 2002, Alan was associated with Legal & General Investment Management on the UK Small Cap portfolio management team, and prior to that in an accountancy role. He began working in the investment field in 1989. Alan has a BA (Hons) degree in Economics from Newcastle Polytechnic and is an Associate of the Chartered Institute of Management Accountants.
Income details
| Historic yield | 5.31% |
|---|---|
| Income paid | Quarterly |
| 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 | 01 January 2008 |
|---|---|
| Payment date ³ | 28 February 2008 |
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Top 10 holdings
| Royal Dutch Shell B | 9.65% |
|---|---|
| GlaxoSmithKline | 8.91% |
| Vodafone Group | 8.20% |
| HSBC Holdings PLC (UK Reg) | 8.17% |
| BP | 7.75% |
| BHP Billiton | 2.87% |
| United Utilities Group | 1.96% |
| Scottish & Southern Energy | 1.95% |
| Cairn Energy | 1.78% |
| Hiscox | 1.74% |
Top 10 sectors
| Oil & Gas Producers | 20.98% |
|---|---|
| Banks | 12.24% |
| Pharmaceuticals & Biotechnology | 10.03% |
| Mobile Telecommunications | 8.20% |
| Mining | 5.78% |
| Gas, Water & Multiutilities | 4.13% |
| Nonlife Insurance | 3.85% |
| Support Services | 2.82% |
| Industrial Engineering | 2.81% |
| Financial Services | 2.46% |
Top 10 countries
| United Kingdom | 96.11% |
|---|---|
| Cash and Equiv. | 2.40% |
| France | 1.03% |
| Greece | 0.45% |
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 03-12-2008. Data accurate as at 31/10/2008.
