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Lazard MultiCap UK Income Retail Inc

Ranked 62 out of 105 in - UK Equity Income over 12 months
All calculations are in GBP

Managed by

Alan Clifford

Born in Bishop’s Stortford in 1967, Alan Clifford studied Economics at Newcastle Upon Tyne Polytechnic. His financial career began at Legal & General in 1989 where he held a number of accounting positions before moving to the group’s Investment Management arm in ’92 where he spent a further ten years as an analyst and fund manager. An Associate of the Chartered Institute of Management Accountants, Alan moved to join Lazard Asset Management at the end of 2002 where he holds the position of portfolio manager with responsibility for the UK Smaller Companies fund and describes the fund’s investment style to be based on "relative value". Away from the office, Alan says his recreational interests are music, cycling and wine collecting and tasting.

Alan Custis

Alan Custis holds a degree in Business from Staffordshire University. He started his career in 1989 with Hill Samuel Asset Management where he was head of small cap investment and he moved on to Morgan Grenfell Securities as a derivatives trader. He then joined JP Morgan Fleming where he worked for five years in a variety of roles including heading up their mid-cap initiative. In 2004, Alan joined Lazard Asset Management and is a portfolio manager on the UK Equity team.

Lloyd Whitworth

Lloyd Whitworth runs a number of UK equity funds for Lazard Asset Management, where he has worked as a portfolio manager since joining in 2009. Whitworth follows a fundamental, bottom-up style to investing, focusing on companies’ financial productivity and valuation to drive returns. This investment style, Whitworth believes, has allowed his funds to perform consistently over a range of market scenarios. Whitworth has previously held portfolio manager positions at a number of companies, including Citigroup, Morley Fund Management and JP Morgan Asset Management. He attended Brunel University where he studied Economics and Business Finance and is a CFA charter holder. Outside of work, he enjoys golf and skiing.

Objective

The objective of the Fund is to achieve a reasonable level of income combined with capital growth from a portfolio of securities primarily made up of equity investments listed in the United Kingdom. The Fund will not be restricted in respect of choice of investments by company size or industry, and up to a maximum of 20% of the Fund may be invested in equities listed outside the United Kingdom and in other securities, either listed in the United Kingdom or listed on other exchanges outside the United Kingdom, including but not limited to preference shares, convertibles, fixed income or shares in listed open and closed ended funds.

Performance

UK Equity Income over : 30/11/2013 - 30/11/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 0.7% 1.0% 0.1%
2013 25.2% 10.0% -0.3% 6.6% 7.2%
2012 17.1% 8.1% -2.6% 6.3% 4.6%
2011 -2.6% 0.7% 2.6% -13.1% 8.3%
2010 16.0% 5.3% -10.9% 14.0% 8.4%
2009 29.8% -10.1% 13.0% 21.8% 4.9%
2008 -33.2% -10.8% -4.9% -13.4% -9.1%
2007 -2.8% 1.2% 0.4% -3.5% -1.0%
2006 16.6% 9.2% -3.3% 3.1% 7.0%
2005 23.9% 3.0% 5.4% 8.4% 5.3%
2004 14.6% 2.9% 1.9% 2.9% 6.3%
2003 20.2% -5.4% 13.8% 3.7% 7.7%
2002 -13.0% 6.1% -9.3% -13.6% 4.7%
2001 -4.0% -3.8% 3.8% -14.7% 12.7%
2000 1.4% -0.8% 1.3% -0.4% 1.4%
1999 15.8% 8.5% 3.4% -6.5% 10.5%
1998 4.9% 13.6% -2.6% -15.1% 11.6%
1997 25.3% 6.5% 3.3% 15.6% -1.5%
1996 20.1% 4.9% 2.5% 6.1% 5.4%
1995 4.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2014

Top 10 Holdings

Stock Size
Royal Dutch Shell Plc B ORD 5.67
HSBC Holdings PLC ORD 5.61
BP PLC ORD 4.67
GlaxoSmithKline PLC ORD 4.15
British American Tobacco PLC ORD 4.13
Unilever PLC ORD 2.77
AstraZeneca PLC ORD 2.72
Rio Tinto PLC ORD 2.57
BHP Billiton PLC ORD 2.52
Glencore PLC ORD 2.22
31/07/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date31/03/1971
  • Share Class size30Mn
  • Base currencyGBP
  • ISIN GB0008469818

Purchase Info

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

Charges

  • Annual management1.3%
  • Initial investment3.75

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