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MI Chelverton UK Equity Income Fund B Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Maitland Institutional Services Ltd.
Fund Summary The objective of the Fund is to provide a progressive income stream and achieve long-term capital growth by investing primarily in a portfolio of fully listed and AIM traded UK equities. The Fund will invest in UK companies which aim to provide a high initial dividend, progressive dividend payments and long term capital appreciation.
SEDOL code B1FD646
ISIN GB00B1FD6467
Fund code PXCEI
Managers David Taylor, David Horner
Manager Tenure 14 years
Morningstar Category UK Equity Income
IMA Sector UK Equity Income
Fund Size £470 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.92%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £0.9048
Buy Price £0.9048
Price Change +1.4237%
Price Date 1st June 2020
Yield 4.08%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 2nd December 2013
Fund Status OPEN
David Taylor began his career as an analyst in the research department at Wedd Durlacher and moved into fund management in 1987 with the Merchant Navy Officers Pension Fund. He joined Gartmore Investment Limited in 1991, during this time, he ran a combination of institutional funds and investment trusts, namely the Clydesdale Investment Trust and London & Strathclyde Trust. In 1995, he moved to LGT to manage small cap retail funds and latterly spent nearly seven years as head of UK smaller companies at HSBC Asset Management. He joined Chelverton Asset Management in January 2006.

3-year Mean Monthly Return: -0.352%

Annual Returns 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Performance -29.30% -0.99% +10.39% +11.81% +9.71% +4.22% +27.92% +30.84% +5.23% +26.24%
Benchmark Performance
(UK Equity Income)
-21.58% +3.33% -0.49% +14.75% -1.08%
Time Period Cumulative Benchmark Performance
(UK Equity Income)
Fund Compared to Benchmark
1 day 1.42% -20.76% +22.18%
1 week 6.48% +5.13% +1.34%
1 month 5.17% -9.88% +15.05%
3 months -17.27% -17.84% +0.57%
6 months -24.28% -12.42% -11.86%
1 year -19.50% -5.10% -14.40%
3 years -6.37% -0.37% -6.00%
5 years 0.17% +6.50% -6.33%
10 years 9.59% +3.86% +5.73%
YTD -28.85% +4.32% -33.17%
Since inception 4.84% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
XP Power Ltd SGP 2.44%
Sabre Insurance Group PLC GBR 2.07%
Chesnara PLC GBR 2.06%
GVC Holdings PLC GBR 2.04%
Ultra Electronics Holdings PLC GBR 2.04%
Redde Northgate PLC GBR 2.01%
Diversified Gas & Oil PLC USA 1.85%
Devro PLC GBR 1.81%
Strix Group PLC GBR 1.81%
Bellway PLC GBR 1.80%
Dividend Date Per share amount Reinvestment Price
1st April 2020 0.0024 £0.7651
2nd January 2020 0.0199 £1.2797
1st October 2019 0.0150 £1.1547
1st July 2019 0.0150 £1.1529
1st April 2019 0.0080 £1.1586
2nd January 2019 0.0229 £1.0775