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Royal London UK Equity Income

Ranked 6 out of 105 in - UK Equity Income over 12 months
All calculations are in GBP

Managed by

Martin Cholwill

Martin Cholwill took a Bachelor’s degree in Mathematics from Durham University before beginning his career as an actuarial trainee with AXA (then called Equity & Law) in 1981. Cholwill spent the next 24 years with AXA Investment Managers and its predecessor companies, before joining RLAM in 2005 to manage the Royal London Equity Income Trust. His stock picking approach focuses on UK companies which are able to produce significant free cashflow and generate sustainable dividend growth for investors. Bristol-born Cholwill makes the most of his time away from the office. When not being kept busy by his teenage daughters, he enjoys the pleasures of travel, wine, walking and gardening.

Objective

The investment objective of the Fund is to achieve a combination of income and some capital growth by investing mainly in UK higher yielding and other equities, as well as convertible stocks. The Fund may hold transferable securities, (including Exchange Traded Funds which are closed ended funds, but not those which are collective investment schemes), government and public securities, deposits and cash (for the purposes of EPM and redemption of units). It may also hold derivatives for the purposes of EPM only.

Performance

UK Equity Income over : 31/08/2013 - 31/08/2014

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 5.2% 2.6% -0.3% 2.8%
2013 34.6% 12.6% 1.5% 8.7% 8.4%
2012 21.3% 9.6% -1.5% 7.3% 4.7%
2011 -1.4% 1.9% 2.4% -11.1% 6.4%
2010 18.0% 5.1% -9.0% 13.8% 8.4%
2009 26.3% -11.7% 11.7% 22.7% 4.3%
2008 -27.8% -10.8% -4.4% -9.7% -6.3%
2007 1.2% 2.0% 2.2% -2.0% -0.9%
2006 20.2% 9.0% -2.3% 4.8% 7.7%
2005 20.4% 3.9% 4.8% 5.6% 4.7%
2004 13.9% 0.3% 2.6% 3.9% 6.5%
2003 15.9% -5.3% 10.9% 2.8% 7.4%
2002 -14.6% 4.3% -8.5% -13.8% 3.8%
2001 -9.2% -7.3% 3.9% -13.5% 9.1%
2000 -3.0% -6.3% 1.8% -0.4% 2.0%
1999 15.8% 7.0% 2.1% -5.4% 12.0%
1998 12.3% 13.6% -0.8% -12.0% 13.3%
1997 25.2% 6.4% 3.8% 13.4% -0.1%
1996 16.9% 3.4% 1.4% 7.2% 3.9%
1995 5.2% 0.4% 4.7%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2014

Top 10 Holdings

Stock Size
Royal Dutch Shell Plc B ORD 5.54
HSBC Holdings PLC ORD 5.19
AstraZeneca PLC ORD 4.72
British American Tobacco PLC ORD 4.50
GlaxoSmithKline PLC ORD 4.17
BP PLC ORD 3.56
United Utilities Group PLC ORD 2.68
Aviva PLC ORD 2.57
Investec PLC ORD 2.45
WH Smith PLC ORD 2.45
30/06/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date11/04/1984
  • Share Class size1,404Mn
  • Base currencyGBP
  • ISIN GB00B67N8655

Purchase Info

  • Min. initial investment100,000
  • Min. additional investment5,000

Charges

  • Annual management1.3%
  • Initial investment4

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