Slater Income Fund Class P Inc

UK Equity Income

Rated Fund 2016-2018. A three-pronged approach to a balanced portfolio

This fund won Money Observer's Best Smaller UK Equity Income Fund award in 2015 and 2016. It is still a relatively new fund, launched in 2011, and a tiddler by industry standards at just over £130 million in size.

It is run by a team consisting of Mark Slater, Barrie Newton, Ralph Baber and Nigel Milton. It yields 4.3 per cent and pays income quarterly.The managers invest across the market spectrum and like all the companies in which they invest to make a meaningful contribution to the fund's yield.They divide the portfolio into three sections.

One is made up of growth stocks that also have a good yield. A second consists of cyclical companies that are not growing their earnings rapidly, but where there is potential for improvement in a stronger economy. This section may include companies recovering from short-term difficulties. The third category is 'dividend stalwarts' – companies that offer slower, but reliable earnings growth and pay sustainable dividends to their shareholders.

The managers believe this combination gives them a balanced portfolio and a solid spread of robust, reasonably priced businesses of different sizes ranging from FTSE 100 companies down to much smaller businesses.However, they do not believe in excessive diversification, instead preferring to build a concentrated portfolio of their best ideas.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Slater Income Fund Class P Inc
Manager
Slater Investments Limited
Type
Open Ended Investment Company
ISIN
GB00B905XJ71
Sector
UK Equity Income
Launched
31/12/2012
OCF
0.8 %
Risk Rating
5
3 Year Sharpe
0.12
3 Year Alpha
-3.48
Yield
5.1 %
Benchmark
IA UK Equity Income
The investment objective of the Fund is to produce an attractive and increasing level of income while additionally seeking long term capital growth by investing predominantly in the shares of UK listed equities. The fund will invest predominantly in UK listed companies across the full range of market capitalisations, including those listed on the Alternative Investment Market (AIM). From time to time the fund may also hold the shares of companies listed overseas as well as cash, money market instruments, the units of collective investment schemes, bonds and warrants as permitted by the rules applicable to UCITS schemes and this Prospectus.
Holding %
Rio Tinto PLC 4.32 %
Royal Dutch Shell PLC B 3.86 %
Chesnara PLC 3.49 %
Legal & General Group PLC 3.24 %
LafargeHolcim Ltd 3.03 %
Barclays PLC 2.99 %
Randall & Quilter Investment Holdings Ltd 2.88 %
Phoenix Group Holdings 2.86 %
Forterra PLC 2.69 %
Ocean Wilsons Holdings Ltd 2.69 %
Region %
United Kingdom 91.24 %
Sector %
Financial Services 28.99 %
Consumer Cyclical 20.31 %
Industrials 13.44 %
Basic materials 11.01 %
Energy 8.99 %
Technology 8.21 %
Name
Slater Investments Limited
Address
EC3M 1BD, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Mark Slater
Joined 09/19/2011

Mark Slater co-founded Slater Investments, the specialist UK equity fund manager, in 1994. The company manages a hedge fund, three unit trusts and portfolios for large pension schemes and high net worth individuals. Mark is Chairman and Chief Investment Officer. The company has achieved very strong investment performance since inception. Notably, Slater Investments managed a top performing fund in the mid to late 1990s and produced very resilient results during the 2000-2003 bear market. More recently, the company's MFM Slater Growth Fund has ranked as the best performing fund in its sector over three and five years. The Financial Times reported that Mark Slater is one of the ten most consistent fund managers with a long term track record in achieving outperformance. Prior to founding Slater Investments, Mark worked as a financial journalist with Analyst PLC and the Investor's Chronicle. Also, in 1992, he helped research and edit a best-selling investment book "The Zulu Principle" for his father, Jim Slater, which focuses on identifying small to medium-sized growth companies. During his career, Mark has served on the boards of four public companies in which he has been a substantial shareholder. Mark has an MA in History from Cambridge University.

Data provided by Morningstar.

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