To combine a regular income with the potential for long term capital growth. The Fund will invest mainly in equities and fixed interest securities. The Fund provides monthly income payable direct to a UK bank or building society account.
Fund Manager
George Luckraftmanager
for
22 years
and 7 months
George graduated from Cambridge with a degree in Engineering and Land Economy in 1980. Following his graduation, he joined Carrington Pembroke (subsequently ABN AMRO and now Artemis Unit Trust Managers) where he was Head of UK Equities. George moved to AXA Framlington in September 2002. He is fund manager for the Equity Income, Managed Income and Monthly Income Funds.
Fund Overview
Mid (20/09/2024)
235.30p
Historic yield
4.49%
Fund size (31/08/2024)
£160.29m
Number of holdings
54
Entry Charge
0.00%
Ongoing Charges
0.99%
Launch date
26/10/1984
Asset Allocation
UK Equities
93.62%
Property
5.46%
Cash and Equivalents
0.93%
Commentary
Main changes to the portfolio during August
During the month we purchased a holding in Legal & General. There are signs that attitudes to savings are improving and the shares have an attractive yield. The proceeds of the MacLellan takeover were received.
Factors affecting performance during August
The portfolio underperformed, mainly due to falls of nearly 10% in Pendragon, Raymarine and Topps Tiles. All 3 have been good contributors to fund performance in the past.
Current market influences and outlook
The rapid slowdown in the US housing market raises the prospect that the US economy will be weaker than expected in 2007. The recent decline in the oil price will help soothe nerves among central bankers.
Past performance is not a guide to future performance. Source: AXA Framlington
Portfolio data accurate as at: 31/08/24
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Portfolio data accurate as at:
Asset Allocation
UK Equities
93.62%
Property
5.46%
Cash and Equivalents
0.93%
Equity Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Financials
27.17%
-
-
-
Insurance
-
10.03%
-
-
Life Insurance
-
-
7.22%
-
Life Insurance
-
-
-
7.22%
Non-life Insurance
-
-
2.81%
-
Reinsurance
-
-
-
1.60%
Property & Casualty Insurance
-
-
-
1.21%
Financial Services
-
8.84%
-
-
Investment Banking & Brokerage Services
-
-
8.84%
-
Asset Managers & Custodians
-
-
-
7.27%
Investment Services
-
-
-
1.56%
Banks
-
8.30%
-
-
Banks
-
-
8.30%
-
Banks
-
-
-
8.30%
Industrials
10.44%
-
-
-
Industrial Goods & Services
-
6.27%
-
-
Industrial Support Services
-
-
3.31%
-
Business Training & Employment Agencies
-
-
-
2.31%
Professional Business Support Services
-
-
-
1.00%
Industrial Transportation
-
-
1.52%
-
Commercial Vehicle-Equipment Leasing
-
-
-
1.52%
Industrial Engineering
-
-
1.44%
-
Machinery: Construction & Handling
-
-
-
1.44%
Construction & Materials
-
4.18%
-
-
Construction & Materials
-
-
4.18%
-
Building Materials: Other
-
-
-
4.18%
Energy
10.26%
-
-
-
Energy
-
10.26%
-
-
Non-Renewable Energy
-
-
10.26%
-
Integrated Oil & Gas
-
-
-
10.26%
Health Care
9.72%
-
-
-
Health Care
-
9.72%
-
-
Pharmaceuticals & Biotechnology
-
-
9.72%
-
Pharmaceuticals
-
-
-
9.72%
Consumer Staples
9.22%
-
-
-
Personal Care, Drug & Grocery Stores
-
5.84%
-
-
Personal Care, Drug & Grocery Stores
-
-
5.84%
-
Personal Products
-
-
-
3.37%
Food Retailers & Wholesalers
-
-
-
2.47%
Food, Beverage & Tobacco
-
3.38%
-
-
Food Producers
-
-
2.30%
-
Food Products
-
-
-
2.30%
Beverages
-
-
1.08%
-
Distillers & Vintners
-
-
-
1.08%
Consumer Discretionary
7.12%
-
-
-
Retail
-
3.19%
-
-
Retailers
-
-
3.19%
-
Home Improvement Retailers
-
-
-
1.75%
Specialty Retailers
-
-
-
1.44%
Media
-
2.04%
-
-
Media
-
-
2.04%
-
Radio & TV Broadcasters
-
-
-
1.49%
Publishing
-
-
-
0.55%
Consumer Products & Services
-
1.88%
-
-
Household Goods & Home Construction
-
-
1.23%
-
Home Construction
-
-
-
1.23%
Leisure Goods
-
-
0.65%
-
Toys
-
-
-
0.65%
Utilities
6.70%
-
-
-
Utilities
-
6.70%
-
-
Gas, Water & Multi-utilities
-
-
4.34%
-
Multi-Utilities
-
-
-
3.14%
Water
-
-
-
1.20%
Electricity
-
-
2.35%
-
Conventional Electricity
-
-
-
2.35%
Real Estate
6.43%
-
-
-
Real Estate
-
6.43%
-
-
Real Estate Investment Trusts
-
-
5.46%
-
Diversified REITs
-
-
-
1.92%
Residential REITs
-
-
-
1.62%
Retail REITs
-
-
-
0.97%
Industrial REITs
-
-
-
0.94%
Real Estate Investment & Services
-
-
0.97%
-
Real Estate Holding and Development
-
-
-
0.97%
Basic Materials
6.03%
-
-
-
Basic Resources
-
5.55%
-
-
Industrial Metals & Mining
-
-
5.55%
-
General Mining
-
-
-
5.55%
Chemicals
-
0.48%
-
-
Chemicals
-
-
0.48%
-
Specialty Chemicals
-
-
-
0.48%
Technology
2.49%
-
-
-
Technology
-
2.49%
-
-
Software & Computer Services
-
-
2.49%
-
Software
-
-
-
1.55%
Consumer Digital Services
-
-
-
0.94%
Non-Classified
2.17%
-
-
-
Telecommunications
1.32%
-
-
-
Telecommunications
-
1.32%
-
-
Telecommunications Service Providers
-
-
1.32%
-
Telecommunications Services
-
-
-
1.32%
Cash and Equivalents
0.93%
-
-
-
Regional Allocation
UK
93.62%
Property
5.46%
Cash and Equivalents
0.93%
Fixed Interest Currencies
Non-Fixed Interest Assets
96.83%
Cash
3.17%
Pound Sterling
0.01%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
93.62%
-
United Kingdom
-
93.62%
Property
5.46%
-
Cash and Equivalents
0.93%
-
Breakdown By Market Cap (%)
Mega
40.56%
Large
11.70%
Medium
18.86%
Small
16.35%
Micro
3.08%
Non-Classified
8.52%
Cash
0.93%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
ASTRAZENECA
5.59%
Pharmaceuticals & Biotechnology
United Kingdom
2
SHELL
5.44%
Non-Renewable Energy
United Kingdom
3
HSBC HOLDINGS
5.20%
Banks
United Kingdom
4
BP
4.82%
Non-Renewable Energy
United Kingdom
5
GSK
4.13%
Pharmaceuticals & Biotechnology
United Kingdom
6
UNILEVER
3.37%
Personal Care, Drug & Grocery Stores
United Kingdom
7
RIO TINTO
3.27%
Industrial Metals & Mining
United Kingdom
8
NATIONAL GRID
3.14%
Gas, Water & Multi-utilities
United Kingdom
9
LEGAL & GENERAL GROUP
3.07%
Life Insurance
United Kingdom
10
3i Group Plc 3i Group Plc Ord GBP0.738636
2.88%
Investment Banking & Brokerage Services
United Kingdom
Dual Aspect Equity Analysis
UK Equities
Int'l Equities
UK Bonds
Int'l Bonds
UK Gilts
Property
Other
Cash & Equiv
Total
Technology
2.49%
-
-
-
-
-
-
-
2.49%
Telecommunications
1.32%
-
-
-
-
-
-
-
1.32%
Financials
27.17%
-
-
-
-
-
-
-
27.17%
Real Estate
0.97%
-
-
-
-
5.46%
-
-
6.43%
Consumer Discretionary
7.12%
-
-
-
-
-
-
-
7.12%
Consumer Staples
9.22%
-
-
-
-
-
-
-
9.22%
Energy
10.26%
-
-
-
-
-
-
-
10.26%
Utilities
6.70%
-
-
-
-
-
-
-
6.70%
Health Care
9.72%
-
-
-
-
-
-
-
9.72%
Industrials
10.44%
-
-
-
-
-
-
-
10.44%
Basic Materials
6.03%
-
-
-
-
-
-
-
6.03%
Cash and Equivalents
-
-
-
-
-
-
-
0.93%
0.93%
Non-Classified
2.17%
-
-
-
-
-
-
-
2.17%
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
Sedol Code
B7MMK80
Mex Code
FRMONL
Isin Code
GB00B7MMK809
Citi Code
11VR
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.99%
Aims and Benchmark
Aims
To combine a regular income with the potential for long term capital growth. The Fund will invest mainly in equities and fixed interest securities. The Fund provides monthly income payable direct to a UK bank or building society account.
Benchmark
FTSE All Share (TR)
Benchmark Category
-
IA Sector
UK Equity Income
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
Unit Trust
Launch price
£0.50
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Monthly
Distribution Type
Dividend
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
07 December
06 January
07 January
06 February
07 February
06 March
07 March
06 April
07 April
06 May
07 May
06 June
07 June
06 July
07 July
06 August
07 August
06 September
07 September
06 October
07 October
06 November
07 November
06 December
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
The National Westminster Bank plc
Fund Administrator
Internal
Fund Registrar
DST Financial Services Europe
Fund Custodian
HSBC Bank plc
Group Details
Group name
AXA Investment Managers UK Limited
Group address
Broker Services Team
AXA Investment Managers
7 Newgate Street
London
EC1A 7NX
Group telephone
020 7003 1234
Dealing telephone
0207 0031234
Email
broker.services@axa-im.com
Homepage
www.axa-im.com
Fax number
020 7003 2313
Dealing
Minimum Investment
£100000
Minimum Top Up
£5000
Minimum Regular Saving
-
Settlement Period: Buy
4 days
Settlement Period: Sell
4 days
Pricing Basis
Forward
Dealing Decimals
3
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Report And Accounts
Simplified Prospectus / KIID
United Kingdom
