CF Canlife
UK Equity
Income Fund

The CF Canlife UK Equity Income Fund aims to generate an above-average income and some long-term capital growth by mainly investing in the shares of UK companies.

REASONS TO RECOMMEND

ATTRACTIVE INCOME
Due to the impact of compounding, history shows that reinvested dividends account for the bulk of equity market returns. The fund aims to provide an income in excess of its benchmark by investing in companies that have steady earnings growth.

LONG-TERM GROWTH
In addition to providing income, the fund also aims to generate long-term capital growth by investing in quality companies that have consistent earnings, while retaining a focus on risk.

HIGH QUALITY COMPANIES
The fund invests in companies with, strong market positions, and which tend to have steady earnings growth and therefore are consistent dividend-payers.

MANAGEMENT EXPERTISE
Lead manager Craig Rippe has more than 15 years of industry experience and has been a fund manager at Canada Life Investments since 2004.

FUND PERFORMANCE

Past performance is not a guide to future performance. The value of investments may fall as well as rise and investors may not get back the amount invested. Income from investments may fluctuate. Performance figures are on a bid to bid with net income reinvested basis. Valuations are based on the previous day's prices.

HOW THE FUND IS MANAGED

The management team favours quality companies with strong balance sheets that should remain sound despite a weak economy. Therefore, they avoid companies that require a strong economic backdrop to prosper (and therefore justify their valuations), favouring instead businesses with steady earnings growth that are consistent performers throughout the cycle.

The managers believe that high fund turnover, incurring stamp duty, commissions and fees, destroys value. Turnover is kept low, which is consistent with the team’s preference for long-term investing, rather than taking short-term speculative positions.

When constructing the fund, the managers take a sector allocation view that depends on the current phase of the economic cycle. This determines their stance on companies that are defensive, cyclical, non-cyclical and financial. The managers then select companies based on several factors, such as strong balance sheets, profit levels, market share and quality of management, aiming to ensure that the fund is suitably diversified across sectors. At any given time the fund may diversify significantly from its benchmark to reflect the managers’ opinions and conviction levels.

SHARE CLASS INFORMATION

Share
Class
ISIN SEDOL ONGOING
CHARGE
FIGURE(OCF)
ANNUAL
MANAGEMENT
CHARGE(AMC)
MINIMUM
INITAL
INVESTMENT*
MINIMUM
TOP UP*
C Acc GB00B6SC4F24 B6SC4F2 0.84% 0.75% £100,000 £100
B Acc GB00B4QFHX84 B4QFHX8 1.09% 1.00% £500 £100

FUND MANAGERS

Interested in this fund and would like to find out more?

Contact our team who will be happy to answer any questions you may have about this fund.

Tel Icon +44 (0)20 7415 6490

Email Icon contactclinvestments@canadalife.co.uk

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