martin
currie
Martin Currie UK Equity Income Fund

The fund is managed by Ross Watson



  • A core UK equity income portfolio offering high yield and real dividend growth
  • Our 'contrarian' approach to stockpicking focuses on high margins for error and, therefore, modest portfolio risk
  • Portfolio construction and stock selection driven by two key strategies - 'high yield' and 'superior dividend growth'
  • On 1 August 2009 Ross Watson replaced Scott McKenzie as manager of the Martin Currie UK Equity Income Fund



A high and growing income





Performance
Below, we illustrate the fund's calendar year performance over the last five years.**



2009 2008 2007 2006 2005 2004
Martin Currie UK Equity Income A (%) 26.2 (35.6) (6.7) 20.4 20.5 13.7
IMA UK Equity Income (%) 23.4 (29.3) (1.7) 18.1 20.6 15.6
FTSE All-Share (%) 30.1 (29.9) 5.3 16.8 22.0 12.8



Key facts
High yield and real dividend growth
A core UK equity income portfolio driven by and offering two key strategies - 'high yield' and 'superior dividend growth'.




Genuine equity income fund
We target a portfolio yield of 120% of the FTSE All-Share index. This is designed to offer clients a meaningful extra income compared to a general UK equity portfolio.

Growing income
The fund targets a real growth in income distributions, year-on-year. Every company in the portfolio pays a dividend and contributes to the overall yield. The historic yield is 8.0% and the current forecast net yield is 5.1%†.

Avoiding higher risk
'Contrarian' approach to stockpicking focuses on high margins for error and therefore modest portfolio risk.

Morningstar qualitative rating - Standard
The fund has a Morningstar qualitative rating - Standard


Other documents
  • Annual report | Interim report | Application form
  • Prospectus | Simplified prospectus



    • The information contained on this page is for professional investors only.

    Copyright © 2010 Morningstar. All Rights Reserved.
    Past performance is not a guide to future returns.
    * Source: JP Morgan, as at 31 December 2009. Distribution rate is for the UKEI 'A' Income share class.
    ** Source: Lipper Hindsight, as at 31 December 2009 bid-bid basis with net income reinvested.
    † The historic yield reflects distributions declared over the past twelve months as a percentage of the midmarket unit price, as at the date shown. It does not include any preliminary charge and investors may be subject to tax on their distributions.
    Forecast net yield is shown as it represents what new investors should hope to achieve over the next 12 months. This is estimated by taking the existing portfolio and forecasting forward to bring in anticipated dividend income, less expenses, based on the TER of the fund. Source for historic yield: JPMorgan as at 30 April 2009. Source for forecast yield: JPMorgan as at 30 September 2009.

    For further information about this fund please contact your usual account manager or email enquiries@martincurrie.com / call 0808 100 2125.