Standard Life UK Equity Income Unconstrained Income
Also available as accumulation units
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.80% |
| Annual saving | 0.100% ² |
| Total Expense Ratio | 1.85% |
| Launch date | 22-02-2007 |
| Launch price | £0.50 |
| Sector | UK Equity Income |
| Fund size | £13 million |
| Number of holdings | 62 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
It has been an extremely difficult period for this fund. Being unconstrained makes it a higher risk income fund. As conviction in a stock increases so does the risk of it going against the fund manager’s research and analysis, something which has been prevalent this year. The main cause of underperformance has been the exposure to financials and firms exposed to the property sector. We expect the fund to outperform in a recovery.
Full research
About the Fund Manager
Dominic Byrne
Located in: Edinburgh
Dominic Byrne graduated from Oxford University with an MEng Honours degree in Engineering Science in 2000. He joined Standard Life Investments in September 2000 as an Investment Analyst/Trainee Investment Manager. In 2004 he received the Chartered Financial Analyst (CFA) Charter, while also being given the responsibility for managing the UK equity element of the Standard Life Investments Distribution Fund. He was appointed to the role of Investment Director in 2004.
Income details
| Historic yield | 5.34% |
|---|---|
| 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 | 30 April 2008 |
|---|---|
| Payment date ³ | 30 June 2008 |
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Top 10 holdings
| BP | 7.61% |
|---|---|
| Vodafone Group | 4.97% |
| Xstrata | 3.28% |
| Aviva | 3.07% |
| Firstgroup | 2.80% |
| easyJet | 2.73% |
| RSA Insurance Group | 2.68% |
| Xchanging | 2.67% |
| Severn Trent | 2.62% |
| Northumbrian Water Group | 2.62% |
Top 10 sectors
| Support Services | 15.88% |
|---|---|
| Travel & Leisure | 13.02% |
| Oil & Gas Producers | 9.43% |
| Gas, Water & Multiutilities | 7.10% |
| Financial Services | 6.56% |
| Industrial Engineering | 6.53% |
| Mining | 6.07% |
| Mobile Telecommunications | 4.97% |
| Software & Computer Services | 3.74% |
| Banks | 3.72% |
Top 10 countries
| United Kingdom | 100.00% |
|---|
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 28-11-2008. Data accurate as at 31/10/2008.
