Man GLG Income Professional Acc C

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Trading AccountISAJISASIPP

Fund Info

  • Yield History4.21%
  • 3 Year sharpe0.20
  • 3 Year alpha-0.7
  • Distribution Typeaccumulation
  • BenchmarkFTSE AllSh TR GBP
  • Legal StructureOpen Ended Investment Company
  • Fund Size (month end)Open Ended Investment Company
  • OCF0.90%
  • IA SectorUK Equity Income
  • Manager GroupGLG Partners
  • DomicileUnited Kingdom
  • ISINGB00B0117C28

Investment Strategy

The objective of the Fund is to achieve a level of income (gross of fees) above the FTSE All-Share Total Return (NDTR) Index over 1 year rolling periods and outperform (gross of fees) the FTSE All-Share Total Return (NDTR) Index over the long-term (over 5 year rolling periods).

ii Super 60 selected

This Fund is a member of our ii Super 60 rated list

Man GLG UK Income aims to achieve a level of income above the FTSE All-Share index together with some capital growth. It does this by investing primarily in UK equities or equities of companies that derive a substantial part of their revenues from activities in the UK.

Manager Henry Dixon focuses on dividend growth as opposed to the absolute level of yield, and runs a multi-cap portfolio with a distinct bias towards smaller UK dividend-payers. As the fund does not own many of the typical names owned by larger dividend-focused funds, it could experience greater volatility of returns than competitors. This fund may be suitable to complement a core portfolio.

Dixon takes a value-based investment approach and has managed to produce exceptional returns in excess of the benchmark over the short and medium-term despite the style being out of favour. The fund is relatively concentrated with 65 holdings. The manager also has the ability to invest in the bonds of companies where the team’s analysis of the capital structure suggests more attractive capital upside and income potential than in its equities.

Currently its yield is over 6%, and dividends are paid quarterly.

Please note: As a result of recent extreme economic conditions, many companies have temporarily stopped paying dividends or have significantly reduced the amount they are paying out. This means the income that is likely to be achieved by funds and trusts in the near future may be far less than the historic yield quoted in the portfolios.

September 2020

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