Norwich Union Balanced Managed Class A Income Shares
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.54% |
| Launch date | 13-11-1998 |
| Launch price | £0.50 |
| Sector | Balanced Managed |
| Fund size | £57 million |
| Number of holdings | 986 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Full research
About the Fund Manager
Steve Cleal
Located in: London
Steve joined the firm (as Norwich Union Investment Management) in 1987. Prior to being appointed Head of Balanced Funds in July 2000, Steve undertook a variety of roles including managing a US strategy fund and generating the firms view on the UK and North American economines. He has worked closely with a number of internal and external clients, providing guidance on investment and strategic issues. Steve holds a BA (Hons) in Economics and Sociology from Keele University and is UKSIP qualified.
Income details
| Historic yield | 3.03% |
|---|---|
| Income paid | Bi-annually |
| 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 | 15 April 2008 |
|---|---|
| Payment date ³ | 15 June 2008 |
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Top 10 holdings
| BP | 3.55% |
|---|---|
| 5% Treasury Stock 2025 | 3.24% |
| Royal Dutch Shell B | 2.70% |
| HSBC Holdings PLC (UK Reg) | 2.67% |
| Vodafone Group | 2.37% |
| 4½% Treasury Gilt 2019 | 2.15% |
| 8% Treasury Stock 2015 | 1.94% |
| GlaxoSmithKline | 1.72% |
| Astrazeneca | 1.58% |
| 5% Treasury Gilt 2018 | 1.28% |
Top 10 sectors
| Bonds | 19.88% |
|---|---|
| Cash and Equiv. | 11.63% |
| Oil & Gas Producers | 10.18% |
| Banks | 8.04% |
| Pharmaceuticals & Biotechnology | 5.70% |
| Mining | 3.31% |
| Mobile Telecommunications | 2.91% |
| Gas, Water & Multiutilities | 2.17% |
| Food & Drug Retailers | 2.00% |
| Food Producers | 1.95% |
Top 10 countries
| United Kingdom | 52.38% |
|---|---|
| Cash and Equiv. | 11.63% |
| United States | 11.33% |
| Japan | 4.36% |
| Germany | 2.92% |
| France | 2.63% |
| Non-Classified | 2.27% |
| Switzerland | 1.97% |
| Australia | 1.44% |
| Italy | 1.12% |
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.
