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Contact details

ManagerGroupLogo
55 Gracechurch Street, London, EC3V 0UF
020 7506 6500 (Main Number)

communications@rlam.co.uk

Fund managers

* Martin Cholwill01-Mar-2005 to Present
 
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Investment objectives

The RL UK Equity Income Fund seeks to achieve a combination of income and some capital growth. This pure equity income fund invests solely in high yielding UK stocks, with a particular emphasis on companies generating significant free cashflow to fund sustainable dividend payments.

Key Information

Fund vs sector

  1y 3y
Position 7 / 93 6 / 89
Quartile 1 1

Fund ratings

BronzeMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 5 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 8.36 9.94
Alpha 5.26 5.06
Beta 1.04 1.05
Sharpe 0.43 1.47
Info Ratio 2.08 2.25
R2 0.91 0.94
Quartiles:   1  2  3  4   help with ratios
vs. UK Equity Income»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
INC +9.9+84.5+108.5+34.5+24.9-4.0+17.7
  UK EQUITY INCOME   +5.8+56.1+68.9+25.0+18.0-4.4+13.1
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ROYAL LONDON UK EQUITY INCOME M ACC ACC 149.90 (p) 27-Nov-2014 3.72 0.66% GWUQ B8Y4ZB9
pdf ROYAL LONDON UK EQUITY INCOME Z INC INC 107.90 (p) 27-Nov-2014 2.93 0.56% JX4D BG48LT7
pdf ROYAL LONDON UK EQUITY INCOME M INC INC 720.50 (p) 27-Nov-2014 3.83 0.66% LWG4 B3M9JJ7
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf ROYAL LONDON UK EQUITY INCOME A INC INC 702.50 (p) 27-Nov-2014 3.81 1.29% NA02 B67N865

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,524.2m / $2,396.5m (31-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch11-Apr-1984
Pricing times12:00 daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:30
Minimum initial£ 1,000
Minimum additional£ 100
Initial charge4.00%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryHSBC Bank Plc
RegistrarInternational Financial Data Services (UK) Ltd
Multi-Managern/a
Indexn/a
Dividend policyMar 01, Jun 01, Sep 01, Dec 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Equity Income
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
HSBC HLDGS 5.50 1 - *
ROYAL DUTCH SHELL 5.00 2 - *
ASTRAZENECA PLC 4.90 3 - -
GLAXOSMITHKLINE 4.80 4 - *
BRITISH AMERICAN TOBACCO 4.60 5 - *
BP 3.10 6 - *
AVIVA 2.60 7 - *
UNITED UTILITIES GROUP PLC 2.60 8 - *
INVESTEC LTD 2.60 9 - -
WH SMITH PLC 2.50 10 - *
Total38.20 
Regional weightings, 31-Oct-2014
Region(%)Rank 
UK100.001 100.00% UK
Total100.00 
Sector weightings, 31-Oct-2014
Sector(%)Rank 
Financials27.301 27.30% Financials
Industrials22.202 22.20% Industrials
Consumer Services13.803 13.80% Consumer Services
Health Care9.704 9.70% Health Care
Oil & Gas8.105 8.10% Oil & Gas
Utilities7.006 7.00% Utilities
Consumer Goods5.807 5.80% Consumer Goods
Basic Materials3.608 3.60% Basic Materials
Telecommunications2.509 2.50% Telecommunications
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Asset allocation

UK Equities, 100.00%
100.0000% ofUK Equities

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