|Bid Price||-||Offer Price||-|
|Mid Price||GBX 52.62||Day Change||GBX +0.31 (0.59%)|
|Price Date||22 Aug 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.33 %|
|Total Expense Ratio||0.00||Fund Size||283,354,800.00|
|Launch Date||03/11/1989||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||1.50||Sector||IMA UK Equity Income|
|Min Investment (£)||150,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B93QCM38||Min TopUp (£)||1,000,000.00|
The fund aims to provide capital growth and income. At least 80% of the fund will be invested in shares of large and medium-sized UK companies. The fund has no bias to any particular industry. The fund aims to take advantage of investment opportunities in varying market conditions. The fund follows an investment approach based around the business cycle, where the managers attempt to identify turning points in the cycle and then focus on the types of companies they believe will benefit from it. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to reduce risk or manage the fund more efficiently.
Matt Hudson is a member of the Cazenove Capital Pan-European Equity team at Schroders, with responsibility for equity income portfolios. Matt manages the Cazenove UK Equity Income Fund and the Equity Income Trust for Charities, a UK authorised Common Investment Fund. Matt joined Cazenove Capital in 2001 from AIB Govett Investment Management. Prior to this he was a chartered accountant at PriceWaterhouseCoopers. Matt graduated from Cambridge University with a degree in History. He has 14 years of investment experience.