|Bid Price||GBX 114.30||Offer Price||GBX 114.70|
|Mid Price||-||Day Change||GBX -0.10 (-0.09%)|
|Price Date||22 Sep 2017||Crown Rating|
|Shares Class||Inc.||Yield||4.71 %|
|Total Expense Ratio||0.00||Fund Size||319,586,700.00|
|Launch Date||02/12/2002||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.50||Sector||IMA UK Equity Income|
|Min Investment (£)||10,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BF31D949||Min TopUp (£)||1,000.00|
The Equity Income Trust for Charities aims to provide a portfolio yield in excess of the FTSE All Share Index, targeting a premium of 30 per cent., through investing predominately in UK equities. The income provision will be the primary objective. The Trust's secondary target is to provide capital growth in order that its total return exceeds that of the FTSE All Share Index over rolling five-year periods. Subject to cash reasonably held for redemptions and expenses, it is the intention of the Fund to remain fully invested except where market conditions necessitate the use of a defensive investment strategy involves the holding of cash or near cash.
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.