Total Ongoing Charges
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Standard Life Equity Income is a high conviction Trust investing in stocks that manager Thomas Moore expects to deliver strong dividend and capital growth. Identifying change within companies is key to the investment process, and is expressed through buying companies that are demonstrating strong positive momentum in revisions to their expected earnings as forecast by investment bank analysts. The fund owns around 60 stocks and is aiming to produce a dividend yield at least 110% of that of the FTSE All Share, and grow that dividend faster than the index. We think Standard Life Equity Income is truly differentiated from many of its equity income peers. Investors should be aware that the fund will perform differently from many more traditional equity income funds at points in time, due to its investment style and medium-small and smaller company exposure.
Aberdeen Standard Equity Income Trust PLC, formerly Standard Life Equity Income Trust plc, is an investment company. The Company's objective is to provide shareholders with an above average income from their equity investment while also providing real growth in capital and income. The Company invests in a portfolio, which includes quoted the United Kingdom equities that normally comprise between 50 and 70 individual equity holdings. It focuses on investing in convertible preference shares, convertible loan stocks, gilts and corporate bonds. Its investment portfolio includes various sectors, such as oil and gas, industrials, consumer goods, healthcare, consumer services, telecommunications, utilities, financials and technology. The Company will invest mainly in the United Kingdom equities and may also hold a proportion in fixed interest stocks to supplement income. Standard Life Investments (Corporate Funds) Limited is the alternative investment fund manager of the Company.
BRIEF: For the fiscal year ended 30 September 2018, Aberdeen Standard Eqty Incm Trst PLC revenues decreased 55% to £15.1M. Net income decreased 60% to £12.6M. Revenues reflect Realised gain on sales decrease of 46% to £12.2M, Unrealized G/L on Investment Securities decrease from £561K to -£9M. Net income also reflects Other Expenses increase of 56% to £153K (expense), Directors Fees increase of 1% to £115K (expense).
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Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertanly become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The graphs shown are supplied by an external data provider and may contain data that appears to preced the introduction of the clean unit class for this fund. In such cases, historial data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
Fund Provider Factsheet
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
Key Information Document
This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
1,860,309 bytes PDF Document; last updated 30 Sep 2018
Semi Annual Report
Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style. A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
263,976 bytes PDF Document; last updated 20 Dec 2010
has managed this fund for 7 years and 1 month.
Thomas is an Investment Director within the UK equities team. He began his career in 1998, joining Schroder Investment Management as Assistant Fund Manager, UK Equities. He joined Standard Life Investments in 2002 as an Investment Analyst. He then managed EMEA portfolios before moving to the UK equities team in 2006. His responsibilities include managing the UK Equity Income Unconstrained Fund, an institutional fund, the Standard Life UK Equity Income Trust and analysing the banks and financial services sectors. Thomas began managing the Standard Life Equity Income Trust in November 2011.
Manager Cumulative Performance v Peer Group
Income Statement - All values are in GBP (M).
Profit Before Tax
Profit After Tax
Equity Holders of Parent Company
Balance Sheet - All values are in GBP (M).
Total Non-Current Assets
Total Current Assets
Total Net Assets
The value of investments can fall as well as rise. Investors may get back less than invested. Past performance is not a reliable guide to future returns.
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