III - FundFactsheet

Fund Objective: The Investment objective of the Sub-fund is to achieve income and long-term capital appreciation with a bias towards income. To achieve this, the Sub-fund will primarily invest in a focused portfolio across a diversified range of UK equity or equity-related securities (such as ordinary and preference shares, global depositary receipts and American depositary receipts) listed or traded on Regulated Markets.

Annual Rebate Annual rebate on
£10,000 holding
Ongoing Charges   Initial Charge /
Dealing Charge
- - 0.97% 0.00% / £10
 Star Rating Fund Risk Level   12 Month Performance
1 MediumMediumMediumMediumMedium 170.84 148.56
Quick Stats Purchase info
Currency: GBX Change on day 0.00% Sector UT UK Equity Income Min: £20.00
Bid price: 0.00 YTD return 1.65% Fund size(£m) 16.61 ISA: Yes
Mid price: 159.83 Yield 3.80% Fund type OEIC
Offer price 0.00 Type Income Unit Launch date 02/04/2012
Performance - View all
Key Chart Instrument 1 mth 6 mths 1 yr 3 yrs
ES Ardevora UK Income Inst Inc -0.62% 5.86% 5.69% 16.73%
UT UK Equity Income -0.26% 5.71% 3.78% 19.75%



Sector Weighting - as at 30/06/18
Region Weighting - click here
Sector % of fund
Industrials 18.48
Financials 18.36
Oil & Gas 13.98
Basic Materials 12.00
Health Care 11.85
Consumer Services 8.11
Consumer Goods 5.02
Utilities 3.75
Telecommunications 3.67
Region Weighting - as at 30/06/18
Sector Weighting - click here
Region % of fund
UK 98.57
Money Market 1.27
Not Specified 0.16

Sector/Region weightings are currently unavailable

Fund Objective

The Investment objective of the Sub-fund is to achieve income and long-term capital appreciation with a bias towards income. To achieve this, the Sub-fund will primarily invest in a focused portfolio across a diversified range of UK equity or equity-related securities (such as ordinary and preference shares, global depositary receipts and American depositary receipts) listed or traded on Regulated Markets.

Fund Manager

Jeremy Lang

Click here for Fund manager’s performance biography

Since: 02/04/2012

Biography:Jeremy Lang co-founded Ardevora in January 2010, alongside William Pattisson. Jeremy has over 30 years’ experience, beginning his career in 1986 managing North American and UK Equities with William at James Capel Fund Managers. He left James Capel in 1991 to take up full-time long-distance sailing. In 1995 Jeremy joined Liontrust Asset Management, and in 1999, he partnered with William to manage UK equity portfolios and all investment management operations. Jeremy left Liontrust in April 2009. He has a First Class degree in Economics and Econometrics from the University of York and a Masters in Economics of Finance and Investment from the University of Exeter.

Alpha Manager
is an FE Alpha Manager who has maintained a consistently high alpha score over a proven track record in rising and falling markets.

Fund Manager

William Pattisson

Click here for Fund manager’s performance biography

Since: 02/04/2012

Biography:William Pattisson co-founded Ardevora in January 2010, alongside Jeremy Lang. William has over 30 years’ experience, beginning his career in 1986 managing North American and UK Equities with Jeremy at James Capel Fund Managers. In 1994, William moved to Fleming Investment Management where he became Head of the UK Equity Specialist team, before being appointed asthe Head of UK Equities. In 1999, he joined Liontrust Asset Management where he partnered with Jeremy to manage UK equity portfolios and all investment management operations. William left Liontrust in April 2009. He has a degree in Chemistry from Oxford University.

Alpha Manager
is an FE Alpha Manager who has maintained a consistently high alpha score over a proven track record in rising and falling markets.

Quick Stats
Citi code 10V2 Legal structure OEIC Fund Currency GBX
ISIN code GB00B78H6035 Fund size £16.61 M at 10/08/2018 Price date 17/08/2018
Fund Risk Level MediumMediumMediumMediumMedium Star rating 1 Pricing freq Daily
Sector UT UK Equity Income Valor code - WKN Code -
Bid price 0.00 Mid price 159.82 Offer Price 0.00
Benchmark FTSE All Share Yield 3.80% Launch date 02/04/2012
Domicile United Kingdom Type Distributing ISA Yes
Purchase & Other Information
Min.investment £20.00
Min.top-up £20.00
Standard (Fund Manager) Initial Charge 0.00%
Interactive Investor Initial Charge 0.00%
Annual Rebate -
Ongoing Charges 0.97% at 02/07/2018
Performance Fee 0%
Compliant UCITS IV Compliant,
Dividend dates Jan 01, Jul 01
For sale in United Kingdom,
Performance Chart in (GBX)

Bid-to-bid with income reinvested.

Past performance is not a guide to future performance. Fund performance data doesn’t take into account fees and expenses which are specific to individual plans. Details are available on request.

Cumulative Performance in GBX
  3 mth 6 mth 1 yr 3 yr 5 yr
Fund -2.55% 5.86% 5.69% 16.73% 50.43%
Sector -1.53% 5.71% 3.78% 19.75% 41.60%
Relative to sector -1.02% 0.15% 1.91% -3.02% 8.83%
Rank within sector 66/101 55/101 24/97 61/86 18/81
Quartile 3rd 3rd 1st 3rd 1st
Discrete Annual Performance to Last Quarter End in GBX
  0-12m 12m-24m 24m-36m 36m-48m 48m-60m
Fund 10.31% 7.90% 3.29% 10.85% 16.63%
Sector 6.04% 19.33% -3.19% 7.19% 14.08%
Relative to sector 4.27% -11.43% 6.48% 3.66% 2.55%
Rank within sector 13/97 90/91 12/86 15/82 19/81
Quartile 1st 4th 1st 1st 1st
Performance by Calendar Year in GBX
  YTD 2017 2016 2015 2014
Fund 1.65% 8.37% 2.77% 17.41% 1.36%
Sector 0.88% 11.25% 9.10% 4.93% 2.83%
Relative to sector 0.77% -2.88% -6.33% 12.48% -1.47%
Rank within sector 47/99 74/94 81/89 2/83 62/82
Quartile 2nd 4th 4th 1st 4th
Fund Price Movement in GBX
12 month high 170.84 (British Pence) 12 month low 148.56 (British Pence)
Risk Statistics
Volatility Alpha Beta Sharpe Tracking Error Information Ratio R2
Fund 9.35 0.18 0.90 0.27 5.40 -0.10 0.68
Asset Weightings as at June 30, 2018
Rank Change Name % Weighting
1 NewEntry Global Developed Equities 98.57%
2 NewEntry Cash & Cash Equivalents 1.27%
3 nochange Others 0.16%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Region Weightings as at June 30, 2018
Rank Change Name % Weighting
1 NoChange UK 98.57%
2 NewEntry Money Market 1.27%
3 NewEntry Not Specified 0.16%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Sector Weightings as at June 30, 2018
Rank Change Name % Weighting
1 NewEntry Industrials 18.48%
2 NewEntry Financials 18.36%
3 NewEntry Oil & Gas 13.98%
4 Riser Basic Materials 12.00%
5 NewEntry Health Care 11.85%
6 NewEntry Consumer Services 8.11%
7 NewEntry Consumer Goods 5.02%
8 NoChange Utilities 3.75%
9 NewEntry Telecommunications 3.67%
10 nochange Others 4.78%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Top Holdings as at June 30, 2018
Rank Change Name % Weighting
1 NoChange HSBC HLDGS 7.37%
2 NoChange BP 5.19%
3 NoChange ROYAL DUTCH SHELL 4.85%
4 NoChange ROYAL DUTCH SHELL 4.12%
5 NoChange GLAXOSMITHKLINE 3.88%
6 NoChange VODAFONE GROUP 3.75%
7 Riser LLOYDS BANKING GROUP PLC 2.98%
8 Faller RIO TINTO 2.86%
9 NoChange BHP BILLITON PLC 2.56%
10 NoChange NATIONAL GRID 2.05%
Total 39.58%
  •  Faller
  •  Riser
  •  No change
  • new  New entry