Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

MI Chelverton UK Equity Income B Inc

Ranked 2 out of 108 in - UK Equity Income over 12 months
All calculations are in GBP unless stated

Managed by

David Horner

David Horner qualified as a chartered accountant in 1984 with Touche Ross & Co. In 1996 he joined 3i Corporate Finance Limited where he was a manager giving financial advice to corporate clients. David joined Strand Partners Limited in 1993 where he was a director of structured and managed investments in quoted and unquoted companies. In 1997 he founded Chelverton Asset Management and is currently a fund manager.

David Taylor

David Taylor began his career as an analyst in the research department at Wedd Durlacher and moved into fund management in 1987. He joined Gartmore Investment Management in 1991 and in 1995 he joined LGT where he managed small cap retail funds and then became the head of UK smaller companies at HSBC Asset Management where he spent seven years. David joined Chelverton in 2006 where he is a fund manager. He has over 22 years experience of small companies investment analysis and portfolio management.

Objective

The objective of the Fund is to provide a progressive income stream and achieve long-term capital growth by investing primarily in a portfolio of fully listed and AIM traded UK equities. The fund will invest in UK companies which aim to provide a high initial dividend, progressive dividend payments and long-term capital appreciation.

Showing fund performance in United Kingdom View performance globally

Performance

UK Equity Income over : 30/11/2016 - 30/11/2017

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 5.6% 6.2% 6.0%
2016 4.9% -0.9% -12.3% 15.8% 4.3%
2015 17.5% 5.5% 7.1% -0.8% 4.8%
2014 1.6% 2.3% 0.1% -1.9% 1.1%
2013 44.3% 14.8% 3.8% 12.4% 7.8%
2012 31.0% 13.3% -3.5% 11.0% 7.9%
2011 -5.8% 0.7% 3.1% -11.0% 1.9%
2010 38.2% 9.6% 3.0% 10.2% 11.2%
2009 43.3% -5.6% 25.4% 20.9% 0.1%
2008 -43.2% -9.2% -6.8% -15.3% -20.6%
2007 -16.4% 1.9% 1.5% -7.2% -12.9%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2017

Top 10 Holdings

Stock Size
GBP Cash 3.31
Games Workshop Group PLC ORD 2.19
McColl's Retail Group PLC ORD 1.86
FDM Group (Holdings) PLC ORD 1.81
Phoenix Group Holdings ORD 1.81
Ashmore Group PLC ORD 1.70
TT electronics PLC ORD 1.69
Galliford Try PLC ORD 1.68
Acal PLC ORD 1.65
XP Power Ltd ORD 1.62
31/07/2017

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/11/2006
  • Share Class size427Mn
  • Base currencyGBP
  • ISIN GB00B1FD6467

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0

Charges

  • Annual management0.75%

Related News

Newcomers make their mark on UK Equity income sector

The UK Equity Income sector is a famously long-term investment, but fresh faces have brought new strategies into a field now using call options and small caps

FTSE races towards record high as pound drops

FTSE 100 eyes all-time high, boosted by fall in pound, still heavily down on the day despite recovery from overnight 'flash crash'.

Sky blue thinking: Chelverton's Taylor taps underdogs to build momentum

Chelverton Asset Management's AAA-rated David Taylor has adopted a value-focused approach while ignoring short-term market trends

Sector Inspector: A cheering tale from UK equity income

Despite rocky markets and some issues lurking under the surface, investors will be toasting a reliable year for UK equity income funds.

Sanlam Income study: Chelverton top; Jupiter & Newton blacklisted

The Chelverton UK Equity Income fund has replaced its Royal London rival at the top of the Sanlam White List, while giant funds from Jupiter and Newton have been relegated to the Black List.

Sector Inspector: Shining a light on UK equity income funds

The search for yield takes us to a sector that apparently offers something for everyone, ranging from the very defensive to the more cyclical.

Small caps suffer in sell-off but potential remains

UK smaller companies have underperformed recently but hold out promise for the long term

Small caps offer big dividends for equity income investors

Most equity income investors focus on large caps but smaller stocks are increasingly viewed as a ready and growing source of dividends that can buck economic trends.

Chelverton's Taylor adds spice with recovery stocks in hunt for yield

Chelverton UK Equity Income manager David Taylor has started looking beyond ‘dull but worthy’ companies in the search for income outside the FTSE 100.

FTSE revives but Centrica slides over gas rigging fears

The FTSE 100 rallied to close 19 points higher, but Centrica fell in response to allegations of gas price fixing.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).