UK Income With Growth Trust

Fund overview

The Fund aims to provide income and growth  by investing in UK equities and UK fixed income securities. The Fund invests UK equities are selected from the FTSE 350 and fixed income from a broad range of corporate bonds and gilts. Asset allocation will depend upon the relative attractions of the fixed interest and equity markets, but is expected to be predominantly equity-dominated (typically 70-75% of assets).

Fund manager

 Joe Walters has over 20 years of industry experience and previously held roles as an investment analyst covering a number of consumer sectors, both at The Co-operative Asset Management and as a regional stockbroker.  He is an Associate Member of the Society of Investment Analysts and an ongoing Associate of the CFA, UK.


Investment approach

The manager's overall investment philosophy is to allocate capital between equities and bonds to maximise total return and deliver the best possible combination of dividend growth and capital performance. The equity portfolio is focused on a number of selected investment opportunities that will provide both capital appreciation and dividend growth for the Fund. This is complimented by the team's fixed interest approach, where the manager seeks to invest a wide range of good quality corporate bonds and government securities, providing a well-diversified portfolio which has the potential to generate a stable, reliable income flow for the Fund.

Our investment philosophy and style is best described as follows:

  • Focused - The portfolio will typically have between 40-60 holdings and over 30% of assets in the top 10 holdings
  • Long-term - Typical investment holding periods of three to four years
  • Stockpicking - We construct portfolios on a bottom up basis
  • Responsible - Embedded environmental, social and governance (ESG) analysis provides a broader perspective.

Product Risk Warning

Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. Unlike the income from a single fixed income security, the level of income (yield) from a fund is not fixed and may go up and down. For funds that use derivatives, their use may be beneficial, however, they also involve specific risks. Derivatives may alter the economic exposure of a fund over time, causing it to deviate from the performance of the broader market.