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CT UK Equity Income Class L - Income (GBP)

Sell:215.27p Buy:215.27p Change: 1.63p (0.76%)
Prices as at 24 December 2024
Sell:215.27p
Buy:215.27p
Change: 1.63p (0.76%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 24 December 2024
Sell:215.27p
Buy:215.27p
Change: 1.63p (0.76%)
Prices as at 24 December 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. 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 »

Richard Colwell, this fund's lead manager, has announced he will retire from Columbia Threadneedle (CT) at the end of November 2022. This means he'll eventually step down as manager of the CT UK Equity Income fund. Until then there will be a transition period during which Jeremy Smith will take over as lead manager of the fund.

Smith is currently Head of UK Equity Research and a fund manager at CT, and has worked with Colwell since joining the firm in 2015. Jonathan Barber will remain as deputy manager. The new managers will continue to run the fund using the same investment style and approach. However, we are mindful they are untested on this fund over a prolonged period in the same way as Colwell.

Smith has over 20 years' experience in analysing and managing UK equities. While Smith has experience managing funds investing in UK larger companies, these have mainly been focused on growth rather than income.

Our conviction lies with Colwell when it comes to the management of this fund. On that basis, and the fact Smith does not have an analysable or strong enough track record in UK equity income investing, means we recently removed the fund from the Wealth Shortlist.

Our view on the sector

Equity income funds are popular with investors. Most aim to generate a rising income, and increase the value of your original investment, over the long term. The income can be paid out, or reinvested in the fund to boost long-term growth. Different fund managers take different approaches to income investing. Some focus on larger companies that are seen to be more stable and have paid regular dividends for many years. Others invest in higher-risk small and medium-sized companies. These might pay a lower income to start with, but have more growth potential. We think carefully chosen equity income funds can form the cornerstone of almost any portfolio.

Performance Analysis

The fund has delivered an attractive level of income and growth over the long term. It has tended to lag a rapidly rising market, but has usually fared better than the market when it's fallen. The new managers will continue to use the same investment style and approach, but this doesn't mean the fund will perform the same way in future.

Investment Philosophy

The managers believe in the power of reinvested dividends. They think they're one of the main reasons investments grow over the long term. They also believe excellent results can be achieved investing in unloved companies that can turn themselves around. Part of this decision making is based on what's going on in the wider economy, which could eventually trickle down to how companies perform.

Process and Portfolio Construction

The managers look for companies they think will pay a high and growing income. Theyre supported by a team of analysts. Together they look under the bonnet of the companies and consider what impact economic affairs are likely to have on them.

The managers invest in some hidden gems thatve been overlooked by other investors. Often these are companies thatve temporarily fallen out of favour but could have good long-term prospects.

The fund normally contains between 45 and 60 companies. Most of these are large, established companies found in the FTSE 100 index. Theyre normally among the most consistent and biggest dividend payers. There are also some medium-sized companies in the fund that could provide greater potential for long-term growth.

The fund takes its charges from capital which boosts the income, but reduces the potential for capital growth.

question mark Manager Track Record Based on HL Quantitative Research

  • Credit Suisse Growth & Income
  • IA UK All Companies
  • Aviva Investors UK Income &...
  • CT UK Growth and Inc Retail Inc GBP
  • CT UK Equity Income Retail Inc GBP
  • IA UK Equity Income
FROM: TO:


Source: Refinitiv Lipper

Fund Track Record

24/12/19 to 24/12/20 24/12/20 to 24/12/21 24/12/21 to 24/12/22 24/12/22 to 24/12/23 24/12/23 to 24/12/24
Annual return -7.43% 19.18% -1.57% 10.35% 12.21%

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.

Information about the fund

Fund manager biography

manager photo
Manager Name: Jeremy A Smith
Manager start date: 18 November 2022
Manager located in: London

Jeremy Smith joined the company in 2015 as Head of UK Equity Research. In this role, he is responsible for leading the UK research team and further develop Columbia Threadneedle's UK equity research capabilities. Jeremy is based in London and will report to Leigh Harrison, Head of Equities Europe. He joins from Liberum Capital Limited where he was part of the Equities Sales team. He has over 20 years of experience and has held various roles in the asset management industry including Head of UK Equities at Neptune Investment Management and Director in the UK large cap team at Schroders. During his tenure at Neptune and Schroders, Jeremy worked as a portfolio manager with responsibility for a range of UK Equity portfolios, as well as an analyst specialising in the oil & gas and chemicals' sectors. Jeremy holds a BA (Hons) in History and is also a Chartered Management Accountant (ACMA).

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. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now