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Miton Income R Acc

Ranked 47 out of 105 in - UK Equity Income over 12 months
All calculations are in GBP

Managed by

Eric Moore

Eric Moore is based in the UK and has been a Fund Manager for Miton Group since 2010 and prior to this he was Investment Director at Insight Investment where he had been since 2005. Having been involved in the financial industry for almost 20 years, Eric now uses an income investment style. He is a qualified IIMR and attended Trinity College, University of Oxford and the University of Edinburgh where he studied Philosophy, Politics and Economics. Outside of work he enjoys the outdoors, skiing and also playing chess, backgammon and bridge.

Bill Mott

A popular sector with investors and advisers, the UK Equity Income sector boasts some talented managers and none more so than PSigma's Bill Mott. An industry veteran with a PhD in Quantum Physics from Kings College, London, Mott is loyal to his East End roots and is a season ticket holder at West Ham. One of his key investment approaches is to look for 'inflexion points', which herald major changes in the way the world operates, and to try to spot these before other investors do. After an illustrious career at Credit Suisse Mott took an extended break from management, only to return earlier this year with the launch of the PSigma Income fund.

Gervais Williams

Gervais Williams currently manages the Diverse Income Trust plc alongside the CF Miton UK Multi Cap Income Fund, CF Miton UK Smaller Companies Fund and is Managing Director of Miton Group plc. Gervais has been an equity portfolio manager since 1985. His career includes five years with Throgmorton Investment Management (later part of the Framlington Group), three years with Thornton Investment Management (part of Dresdner Bank) and 17 years with Gartmore Group Ltd where he was head of UK Small Companies investing in UK smaller companies and Irish equities. He has sat on two DTI committees on the quoted small cap sector, is a member of the AIM Advisory Council and recently joined the Board of Quoted Companies Alliance.

Objective

The aim of the fund is to enable the investor to achieve a reasonable and rising income together with a long term capital growth. The Fund intends to invest primarily in UK companies but may invest internationally.

Performance

UK Equity Income over : 31/10/2013 - 31/10/2014

Total Return

Quarterly Performance

to 31/10/2014 Annual Q1 Q2 Q3 Q4
2014 2.4% 2.6% 0.2% -0.2% -0.2%
2013 21.0% 10.9% -0.5% 4.2% 5.2%
2012 7.4% 2.8% -0.2% 4.3% 0.3%
2011 4.2% 1.0% 2.8% -7.2% 8.1%
2010 10.4% 3.7% -7.9% 10.0% 5.0%
2009 21.3% -10.0% 9.8% 17.4% 4.5%
2008 -27.8% -9.0% -9.3% -6.2% -6.9%
2007 -5.9% -0.4% -2.6% -3.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2014

Top 10 Holdings

Stock Size
Royal Dutch Shell Plc B ORD 6.91
GlaxoSmithKline PLC ORD 5.94
GBP Cash 4.06
BP PLC ORD 4.01
AstraZeneca PLC ORD 3.55
Vodafone Group PLC ORD 3.51
BT Group PLC ORD 2.70
Rio Tinto PLC ORD 2.36
Imperial Tobacco Group PLC ORD 2.36
Legal & General Group PLC ORD 2.33
31/08/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date05/04/2007
  • Share Class size90Mn
  • Base currencyGBP
  • ISIN GB00B1RQR625

Purchase Info

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

Charges

  • Annual management1.5%
  • Initial investment5.25

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Equity valuations look distorted, PSigma Income manager Bill Mott warns, prompting him and several other dividend investors to shift their portfolios to a more defensive stance.

Bill Mott: the four themes driving PSigma Income

The income veteran highlights the major sector calls that are set to shape the performance of his fund over the coming months.

Income: stick or twist on blue chips?

High yielding blue chips have been the consensus call over the past year and are widely expected to continue their strong run as investors remain income starved and cautious.

Bill Mott: it's game over for financial services

No economy in history has been so biased to financial services, says veteran fund manager Bill Mott, but all that is about to change.

How Bill Mott is bracing for years of 'anaemic' UK growth

Britain is set to experience many years of ‘very anaemic growth’ as the economy rebalances and PSigma’s Mott is turning to cheaply priced defensives.

Pharmas at vanguard as divi payouts hit post-crash highs

Payouts in the third quarter are at their highest level since the second quarter of 2008 and are expected to rise by 18% year-on-year in 2011 with pharmaceuticals the stars of the show.

The sceptics scoff, but UK defensives are already being re-rated

Investors have little choice but to buy value stocks with issues.

Outlook is brighter for dividend recovery

Dividends look set to take centre stage for income-hungry investors as the UK moves into its third year of historically low interest rates.

Income: how to profit from cash-rich companies

With companies repairing balance sheets and corporate profits strong, investors are looking for ways to position themselves so they can benefit when large corporates decide to deploy their vast piles of cash.

...more...

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