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Montanaro UK Income Sterling Seed GBP

Ranked 103 out of 110 in - UK Equity Income over 12 months
All calculations are in GBP unless stated

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.

Showing fund performance in United Kingdom View performance globally


UK Equity Income over : 31/12/2015 - 31/12/2016

Total Return

Quarterly Performance

to 30/12/2016 Annual Q1 Q2 Q3 Q4
2016 1.0% -4.2% -7.0% 13.2% 0.2%
2015 20.1% 8.4% 3.4% 0.1% 7.1%
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 3.73
Big Yellow Group PLC ORD 3.71
Taylor Wimpey PLC ORD 3.68
St. James's Place PLC ORD 3.60
Booker Group PLC ORD 3.41
Cineworld Group PLC ORD 3.37
Hilton Food Group PLC ORD 3.35
Cranswick PLC ORD 2.93
Marshalls PLC ORD 2.84
Hiscox Ltd ORD 2.83

Registered For Sale In

  1. France
  2. Ireland
  3. United Kingdom

Fund Info

  • Launch date02/01/2007
  • Share Class size173Mn
  • Base currencyGBP

Purchase Info

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


  • Annual management0.25%

Related News

Buy list radar: Montanaro UK Income aims high

Montanaro's UK Income fund has been steadily building a strong record and recently passed through the £150 million mark.

Special fee on top Montanaro UK Income fund shuts

Investors will no longer be able to access the Montanaro UK Income fund at a discount after it hit its £150 million capacity.

Cholwill joins calls for changes to UK Equity Income sector

A lower dividend hurdle rate would prevent unnecessary fund ejections, says Royal London fund manager.

Top fund slams 'bizarre' rules after Equity Income ejection

Montanaro UK Income, which topped its sector in 2015, is the latest to be kicked out the IA Equity Income peer group.

Charles Montanaro: an anthropologist in the London jungle

Charles Montanaro's anthropological adventures started more than 10 years ago exploring the Amazon in Brazil. How have they helped him reach the top of his profession.

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 the currency and currencies indicated).