Quick Stats

Bid Price - Offer Price -
Mid Price GBX 309.90 Day Change GBX -0.10 (-0.03%)
Price Date 23 Oct 2017 Crown Rating 3
Shares Class Inc. Yield 4.40 %
Total Expense Ratio 0.00 Fund Size 164,840,800.00
Launch Date 05/01/1994 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.55 Sector IMA UK Equity Income
Min Investment (£) 1,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B80H8680 Min TopUp (£) 1,000.00

Fund Objective

The fund seeks to provide a monthly income rising over time together with capital growth. The fund will invest predominantly in a combination of UK equities and fixed income securities. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and collective investment schemes. Subject to obtaining and maintaining the requisite permissions from the FCA under the Financial Services and Markets Act 2000 on giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. However, where derivatives are used for the purposes of meeting the investment objective of the fund it is not intended that the use of derivatives would raise the overall risk profile of the fund.

Fund Managers

Mohamed Imtiaz Siddeeq
Mohamed Siddeeq is a fund manager in the London fixed income team and started working in the industry in 1986 with the HSBC group. During his time with the group he has set up businesses in Asian fixed income and credit derivatives European high yield and managed investments on behalf of the HSBC balance sheet and Structured Investment Vehicles. Prior to re-joining the firm in 2009 Mohamed worked for RAB Capital managing an Asian fixed income fund. He holds BSc in Physics from the University of Bristol and the Investment Management Certificate.