VT Downing Unique Opportunities Class A - Income (GBP)
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Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
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Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
HL dealing charge: | Free |
Net initial charge: | 0.00% |
Annual charges | |||
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Performance fee: | No | ||
Ongoing charge (OCF/TER): | 1.00% | ||
Ongoing saving from HL: | 0.00% | ||
Net ongoing charge: | 1.00% | ||
There are other unit types of this fund available: | |||
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In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
Other Information
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Performance
15/08/19 to 15/08/20 | 15/08/20 to 15/08/21 | 15/08/21 to 15/08/22 | 15/08/22 to 15/08/23 | 15/08/23 to 15/08/24 | |
---|---|---|---|---|---|
Annual return | n/a | 45.95% | -15.56% | -7.12% | 16.73% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
View fund chartOur view on this fund
The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Fund Objective
The investment objective of the Fund is to achieve capital growth and income over the long term (5 + years). The Fund seeks to achieve its investment objective by investing at least 80% in equities listed on UK markets (including the London Stock Exchange, AIM and the ICAP Securities and Derivatives Exchange (ISDX)). The Fund may also invest in other equities, fixed income, money market instruments, deposits, warrants, cash and near cash. The Investment Manager will be seeking to invest in equities which it considers to have a unique outlook and opportunity for growth. The Investment Manager will be looking for the Fund to invest in companies which have clearly identifiable characteristics to protect them against the entry of competitors (which are expected to enable such companies to produce an above average return on equity). The unique characteristics sought include: • having intangible assets e.g. brands, patents or regulatory licences; • having cost advantages stemming from process, location, scale or access to a unique asset; • being the leading network in a business segment; and/or • there being high switching costs which generate high customer retention rates. Such businesses are highly likely to be the only UK listed company in their industry or one of very few and possessing a distinctive corporate strategy and so are considered 'unique opportunities'. The Fund will aim to hold a portfolio of between 25-40 investments. The Fund will be actively managed. Save as noted above (with a focus on UK listed investments), the Fund will not have any particular, industry or economic sector focus and as such weightings in these may vary as required.
Income Details
Security | Weight |
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DIPLOMA | 4.58% |
BLOOMSBURY PUBLISHING | 4.42% |
ELEMENTIS | 4.23% |
TRISTEL | 4.17% |
TATTON ASSET MGMT | 4.14% |
4IMPRINT GROUP | 3.91% |
AUTO TRADER GROUP | 3.86% |
SOFTCAT | 3.61% |
ALFA FINANCIAL SOFTWARE HOLDINGS | 3.60% |
GAMES WORKSHOP GROUP | 3.60% |
Sector | Weight |
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Software & Computer Services | 23.90% |
Media | 12.82% |
Investment Banking & Brokerage Services | 9.51% |
Industrial Support Services | 6.55% |
Medical Equipment & Services | 5.60% |
Cash and Equiv. | 5.35% |
Chemicals | 4.23% |
Health Care Providers | 4.17% |
Leisure Goods | 3.60% |
Beverages | 3.41% |
Country | Weight |
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United Kingdom | 94.65% |
Cash and Equiv. | 5.35% |
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 16 August 2024. Data provided by Broadridge, correct as at 31 July 2024.
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4 If you elect to receive the income from an ISA or a Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.