Pension
FACT BOX
MANAGERS : Ken Wotton & Brendan Gulston / LAUNCHED : 30 / 06 / 2017 / FUND SIZE : £ 409m / OCF : 0.85 %
CROWN RATING
dividends across the board , it didn ’ t feel quite so pleasant last year when they had a tailwind behind them . In any case , while he avoids companies with a market cap of more than £ 5bn , he has 13.5 % of his fund in large caps , saying their higher yields allow him to hold smaller companies that may pay out less but are growing their dividends faster .
The analysts at RSMR said the fund has a strong track record of generating returns through investing in companies that are profitable and generate high levels of cash . “ The under-researched nature of small and mid caps offers a long-term driver for outperformance through anomalies in valuation ,” they said .
Performance of fund vs sector and index since launch
LF Gresham House UK Multi Cap Income ( 59.2 %)
FTSE All Share ( 31.4 %)
IA UK Equity Income ( 23.7 %)
70 % |
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60 % |
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50 % |
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40 % |
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30 % |
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20 % |
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10 % |
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0 % |
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-10 % |
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-20 % |
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Jul17 |
Jan18 |
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Jan21 |
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Jan23 |
Source : FE Analytics
Issue 93 - March 2023 / 45 /