Funds

MI Chelverton UK Equity Income Fund

About the fund

The Chelverton UK Equity Income Fund is one of the longest standing UK Equity Income funds that invests for income and capital growth solely in Mid & Small Cap companies. The managers seek to capture the long-term outperformance effect of investing in Mid & Small Cap stocks, combined with the superior total returns of higher yielding equities. The Chelverton investment philosophy is to apply the disciplines of equity income investing to the pricing inefficiencies inherent within the Mid & Small Cap universe. The Fund aims to marry the long term ‘Mid & Small Cap effect’ with the ability to find relatively high and growing dividends from an extremely broad range of sectors and industries.

Latest Factsheet

Assessment of Value

UK equity income fund focused on generating a growing income and capital growth by investing only in UK Mid & Small Cap companies

Combines the disciplines of equity income investing with the pricing inefficiencies of smaller companies

Income is derived from a portfolio of companies that is all outside the top 100 UK companies by market capitalisation

Managed by a very experienced team of Mid & Small Cap specialists

For further information and investor documentation for this fund please click on the following link to the Administrator’s website:

MI Chelverton UK Equity Income Fund

Fund facts

Launch Date

04/12/2006

Total Assets (31/03/24)

£297m

Income Paid

Quarterly

XD Dates

31 March
30 June
31 September
31 December

Valuation

12 Noon, Daily

Investment Universe

Mid and Small Cap UK Equities

IA Sector

UK Equity Income

Domicile

UK

Financial Year End

31 December

Base Currency

Sterling

Dividends at a glance


* 01/04/2024 – Subject to Audit


* 01/04/2024 – Subject to Audit

A INCOMEB INCOMEA ACCUMULATIONB ACCUMULATION
Share classABAB
CurrencyGBPGBPGBPGBP
Currency hedgingUn-hedgedUn-hedgedUn-hedgedUn-hedged
Type of unitIncomeIncomeAccumulationAccumulation
Share Class typeLegacyCleanLegacyClean
Annual Management Fee (AMC) 1.50%0.75% 1,50%0.75%
Minimum investment £1,000£1,000£1,000£1,000
Initial charge up to 5%up to 5%up to 5%Up to 5%
% of annual fee taken from capital 100%100% 100%100%
% of annual fee taken from income0%0%0%0%
Performance feeNoNoNoNo

A IncomeB Income
Dividend frequencyQuarterlyQuarterly
XD date (1st interim)1 April1 April
XD date (2nd interim)1 July1 July
XD date (3rd interim)1 October1 October
XD date (4th final)1 January1 January
Pay dates8 weeks after XD date8 weeks after XD date
Tax statusUK OEICUK OEIC

Dealing and Enquiry: +44 (0)345 305 4217
Email: chelverton@maitlandgroup.com

Spring Capital Partners Limited
Tel: +44 (0)20 3307 8086
Email: chelverton@springcapitalpartners.com