Sell: 235.28p|Buy: 235.28p|
-0.51p (-0.22%)
Correct as at 19/11/2024
Important information - This is designed for investors who want to make their own investment decisions without personal advice and understand how to build a diversified portfolio. If you are unsure of the suitability of an investment for your circumstances, please contact us for advice. Investments will fall as well as rise in value so you could get back less than you invest. Past performance is not a guide to the future.
Why invest?
The UK has historically been one of the best places for income, with companies having a long history of paying dividends. And equity income funds, like the HL UK Income Fund, can provide an important element of almost any investment portfolio.
Dividends are important for investors who need income. But reinvesting dividends when you don't need them can be one of the most powerful ways to grow your money over the long term, though there are no guarantees.
How the HL UK Income Fund works
HL’s experts have hand-picked a team of external fund managers who they believe offer the best potential for long-term performance. The external fund managers will manage their own portions of the fund and we’ve given them clear boundaries on how to run them following their tried and tested strategies.
This fund aims to deliver both a regular income and long-term growth. It could be a core holding of an income-focused portfolio. However, as the focus is on UK companies, outside investment in other geographical areas and/or bonds could be beneficial.
You can invest with a lump sum of £100 or £25 by Direct Debit.
The fund takes its charges from capital, which can increase the yield on offer but reduce the potential for capital growth.
With one investment you'll get:
-
Diversification
The majority of your money will be invested in UK shares. You’ll get a mix of large companies with a strong dividend history, and smaller companies with dividend growth potential, though these are higher risk. -
Great managers
We’ve pulled together the best ideas and best fund managers we can find from the UK Equity Income sector to create a fund of managers we believe have an edge over their peers. -
A balanced approach
The HL UK Income fund brings together a variety of investment styles, sectors and companies of differing sizes, meaning the fund is positioned to perform in a variety of market conditions. -
The opportunity to beat the market
Unlike an index fund, the HL UK Income Fund will be actively managed so there's potential to beat the market. The Fund aims to provide an annual income higher than that provided by the FTSE All-Share Total Return Index, and a total return in excess of the performance of the FTSE All-Share Total Return Index over rolling 5 year periods. The Fund's total return aim is measured after the deduction of Fund charges. -
HL expertise
HL’s own fund managers will oversee the fund, supported by one of the largest and best resourced fund-research teams in the UK. They’ll re-balance the portfolio, identify the next investment opportunity or change managers when they feel it’s the right time to do so.
You’ll get a higher level of service with the HL UK Income fund. This means the cost is higher than for standard funds. Full details of the cost of the fund are shown below. As with all funds, you’ll also pay our platform charge of up to 0.45% each year.
Investing in funds isn't right for everyone, if you're unsure learn more about whether you should save or invest. You should only invest if the fund's objectives are aligned with your own, and there's a specific need for the type of investment being made. You should understand the specific risks of the fund before you invest, and make sure any new investment forms part of a diversified portfolio.
Investments will fall as well as rise in value so you could get back less than you invest. We recommend holding this fund for a minimum of 5 years.
This is designed for investors who want to make their own investment decisions without personal advice. If you are unsure of the suitability of an investment for your circumstances, please contact us for advice.
Before making an investment, please read the key investor information, HL key features, terms and conditions.
Key Investor Information Fund prospectus View fund factsheet
Costs
Data correct as at 24 May 2024.
Expected yearly charge based on an example £1,000 investment
Initial charge
Ongoing charge
HL platform fee
Total charge
Initial charge
Ongoing charge
(OCF/TER)
HL platform fee
Total charge
The ongoing charge is taken directly from the fund. This covers the management of the fund and all expenses other than transactional fees which are charged on top of this, these costs are incurred by all funds when shares are bought or sold and are reflected in the fund’s price.
The HL platform fee is our charge for looking after your investments which won't be over 0.45% per year. Both of these charges will be payable if you want to hold the fund with HL, amounting to a maximum of just 1.53% in total per year. The above example assumes no growth.
This fund is managed by Hargreaves Lansdown Fund Managers Ltd, part of the Hargreaves Lansdown Group. If you invest, HL will receive the fund's management charge, as well as the platform fee.
Building out your portfolio?
If you’re comfortable building out your own portfolio and would like HL’s dedicated team of fund managers to look after more of your investments, consider HL's Portfolio Building Block funds:
- They can be used to build a portfolio or add to an existing one
- They provide a simple way to diversify across sectors
- Over 400,000 investors already trust HL's expert fund management teams with more than £10bn of their money