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A multi cap income fund with a bias towards investment in small and mid-cap companies.
With its dedicated focus on smaller companies and fundamentals-based stock
picking it aims to deliver risk-adjusted returns with low correlation to its peer group.

Why UK multi cap income? 

+         Diversification: With 54% of dividends forecast to come from just 10 companies on the FTSE 1001, we believe that our small and mid-cap bias offers diversification and results in low correlation with the majority of income funds.

 +         Under-researched: As smaller companies are less researched, less well known and with a perception of higher risk2, they offer income and growth opportunities for those who know where to look. We have a deliberate bias to target over 70% in small and mid-cap stocks, with the remainder of the portfolio held in large cap and cash.

+         Growth drivers: We focus on the sectors we believe drive the UK economy and its future growth potential, in particular: consumer market; technology, media and telecoms; business services; and healthcare & education which account for c.75%3 of the UK’s GDP.

 +         Resilience and strength: We avoid stocks prone to the effects of cyclical risk or large external factors and focus on profitable, cash generative businesses with the potential to grow profits, cash flows and dividends over the longer term.

 

1. Source: AJ Bell, Dividend Dashboard. Forecast percentage contribution to FTSE 100 cash dividend payments in 2018, as at Q3 2018, published 9 October 2018

2. Source: NSCI 2017 Annual Review, Evans/Marsh.

3. Source: Office of National Statistics Economy GDP analysis as at 31st December 2017 https://www.ons.gov.uk/economy/grossdomesticproductgdp.

Fund objective and key stats

The fund aims to deliver a return of income with a potential for capital growth. The fund will be invested primarily in small and mid-sized companies and the fund will also hold larger capitalised companies. Investment will predominantly be in the shares of UK listed companies.

Investing in smaller companies may carry a higher degree of risk than funds investing in larger companies. The shares of smaller companies may be less liquid than securities in larger companies.

Ken BG      

Fund manager: Ken Wotton            Co-manager: Brendan Gulston

Launch date: 30 June 2017

Fund Sector: IA UK Equity Income

Number of holdings: 40-70

Fund Type: OEIC

Base Currency: GBP

Pricing: 12.00 Noon GMT

ISIN: GB00BYXVGS75

Annual Management Charge: 0.75%

Minimum Investment: £10,000

 

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Watch fund video

 Confidence and conviction in UK smaller companies

In this half year update and outlook for the UK Micro Cap and UK Multi Cap Income Funds, the team explain their focus, process and why they believe the high-conviction portfolios are positioned to provide resilience in current market conditions as well as drive returns for investors.



Platform availability

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How to invest

Shares may be bought directly from Link Fund Solutions Limited (“Link Fund Solutions”) or through a professional adviser or other intermediary, application forms may be obtained from Link Fund Solutions.

Website: www.linkfundsolutions.co.uk

Email: investorservices@linkgroup.co.uk

Call: 0845 922 0044

Important Information

Past performance is not a reliable indicator of future performance. The value of the Fund and the income from it is not guaranteed and may fall as well as rise. As your capital is at risk you may get back less than you originally invested.

Third party trademarks are used with the permission of their respective owners. This website is not affiliated with, nor has it been authorised, sponsored or otherwise approved by the third party trademark owners.

Fund investing in smaller companies may carry a higher degree of risk than funds investing in larger companies. The shares of smaller companies may be less liquid than securities in larger companies. You should note that your tax treatment in relation to any investments will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the funds in which you have invested.

The LF Gresham House UK Multi Cap Income Fund is an undertaking for collective investment in transferable securities (UCITS). This is an open-ended investment company (OEIC), that meets the criteria of the UCITS IV Directive allowing the fund to be marketed to investors throughout the EEA.