Ignis UK Enhanced Income I Inc
Latest (Mid) Price:
GBX 109.87
Day Change:
-0.98%
| Shares Class | Inc. |
|---|---|
| Yield | 7.00 |
| Total Expense Ratio | 0.91 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 10,100,000.00 | Launch Date | 27/07/2010 | Standard Initial Charge (%) | 5.25 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | Yes | Annual Management Charge (%) | 0.75 |
| Sector | IMA UK Equity Income | Min Investment (£) | 1,000,000.00 | Total Expense Ratio (%) | 0.91 |
| ISIN | GB00B4VTC072 | Min Topup (£) | 1,000.00 | Ongoing Charge (%) | 0.8900 (on 18/02/2014) |
Fund Objective
To provide a high income with some long-term capital growth in sterling terms by investing in a concentrated portfolio of approximately 40 to 70 stocks of companies incorporated in the UK. The fund will use derivative instruments to generate additional income by selling call options on a significant number of its holdings.
Fund Managers
Graham Ashby
Graham Ashby joined Ignis in March 2012 as lead manager of the Ignis UK Equity Income Fund and the Ignis UK Enhanced Income Fund. He became Head of UK Equities in June 2012. Graham was previously Head of UK Equities at LV= Asset Management where he managed the LV= UK Equity Income Fund from August 2009. Prior to this Graham was Head of UK Retail Equities at Credit Suisse Asset Management, which he joined in October 2007, Head of Equity Income and UK Equities at Sarasin Chiswell and a senior UK equity fund manager at Deutsche Asset Management / DWS Investments. Graham holds a BSc (Hons) in Physics from the University of Nottingham and is an Associate of the Society of Investment Professionals.
Asset Breakdown
Region Breakdown
Sector Breakdown
| Name | Weight |
|---|---|
| Basic Materials | 5.30% |
| Consumer Goods | 17.00% |
| Consumer Services | 18.30% |
| Financials | 28.80% |
| Health Care | 5.40% |
| Industrials | 6.10% |
| Money Market | 0.00% |
| Oil & Gas | 9.50% |
| Others | 3.50% |
| Telecommunications | 6.50% |
Top 10 Holdings
| Name | Weight |
|---|---|
| LEGAL & GENERAL GROUP | 5.30% |
| VODAFONE GROUP | 5.10% |
| BERKELEY GROUP HLDGS | 5.00% |
| REED ELSEVIER | 5.00% |
| BRITISH AMERICAN TOBACCO | 4.80% |
| BRITISH SKY BROADCASTING GROUP | 4.80% |
| HSBC HLDGS | 4.40% |
| BP | 4.20% |
| BHP BILLITON | 4.00% |
| RECKITT BENCKISER GROUP PLC | 3.90% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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