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Montanaro Equity Income GBP

Ranked 2 out of 107 in - UK Equity Income over 12 months
All calculations are in GBP

Managed by

Charles Montanaro

Charles Montanaro was born in 1955 in Kent, United Kingdom. He graduated from Durham University in 1976 with an Honours degree in Anthropology. In 1980, Charles joined Merrill Lynch as a private client broker in London and went on to become senior vice president for Dean Witter Reynolds (1984) and Drexel Burnham Lambert (1987). In 1990, he joined MMG Patricof (now Apax Partners) as a director of investment banking. Charles founded Montanaro in August 1991, and is currently the chief executive and lead manager from launch of the Montanaro European Smaller Companies fund. His investment style focuses on value by investing in growth companies. Charles enjoys soccer, tennis, chess, cinema, music and walking when he is not working.


Income by investing in quoted European (primarily UK) Small and MidCap companies and to outperform its Benchmark, the Investment Management Association (IMA) UK Equity Income (Total Return) Index. In addition the Fund Aims to achieve a historic yield on the distributable income in excess of 110% of the FTSE All Share yield over a 3 year period.


UK Equity Income over : 31/10/2014 - 31/10/2015

Total Return

Quarterly Performance

to 30/09/2015 Annual Q1 Q2 Q3 Q4
2015 8.4% 3.4% 0.1%
2014 2.8% 3.4% -3.4% -2.5% 5.6%
2013 33.3% 14.0% -1.3% 11.4% 6.2%
2012 23.4% 14.3% -2.2% 5.8% 4.4%
2011 -14.3% 3.2% 0.0% -20.0% 3.9%
2010 35.2% 9.5% -5.0% 15.4% 12.6%
2009 49.5% -0.3% 12.2% 29.9% 3.0%
2008 -32.6% -4.5% -6.8% -12.4% -13.5%
2007 0.2% -6.3% -4.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Jupiter Fund Management PLC ORD 4.87
Taylor Wimpey PLC ORD 4.83
Berkeley Group Holdings PLC ORD 4.50
Cineworld Group PLC ORD 4.24
Marshalls PLC ORD 4.01
Wilmington PLC ORD 3.91
Big Yellow Group PLC 3.91
Galliford Try PLC ORD 3.57
Clarkson PLC ORD 3.39
Cranswick PLC ORD 3.23

Registered For Sale In

  1. France
  2. Ireland
  3. Netherlands
  4. United Kingdom

Fund Info

  • Launch date02/01/2007
  • Share Class size154Mn
  • Base currencyGBP

Purchase Info

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


  • Annual management0.00%

Related News

Charles Montanaro: why I don't invest in 'lobster pot' AIM

Montanaro refuses to be seduce by arguments that AIM is a stockpickers' paradise at the market celebrates its 20-year anniversary.

Montanaro cuts trust fees & gives Oeic UK equity income makeover

Montanaro has reduced the charges on its European Smaller Companies trust, and also repositioned its open-ended Equity Income fund to focus on the UK.

Chelverton plans European income trust for ex-Montanaro fund head

Chelverton Asset Management is planning to launch a European equity income trust for new recruit Ralph Singleton, who departed Montanaro Asset Management earlier this year, Wealth Manager understands.

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