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Underperfoming US equity income fund gets small & mid cap overhaul

Underperfoming US equity income fund gets small & mid cap overhaul

The EDGE Equity Income fund has been renamed and switched its focus to small and mid cap US stocks.

Launched in August 2012 by Principal Global Investors, and managed by its US-based affiliate Edge Asset Management, the fund had originally invested primarily in companies with a market capitalisation above $7 billion (£4.1 billion).

The fund has now been rebranded as the EDGE Small/Mid Cap Equity Income fund, and its investment policy has been amended to clarify that it will henceforth invest ‘primarily in dividend-paying equity securities of small or mid-cap companies’.

Just £3.8 million in size and run by Daniel Coleman and David Simpson, the fund has returned 28.4% since inception compared with 43% from its Russell 1,000 Value benchmark.

Its weighted average dividend yield is 3.2%, compared with 2.1% from the index.

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Daniel Coleman
Daniel Coleman
21/26 in Equity - North American Income (Performance over 1 year) Average Total Return: 3.04%
David Simpson
David Simpson
20/26 in Equity - North American Income (Performance over 1 year) Average Total Return: 3.04%
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