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Income FundLIONTRUST INCOME FUND

A UK equity unit trust aiming for a rising dividend for investors every year and capital growth in excess the FTSE All-Share Index over five years.

Liontrust Income Fund (formerly First Income Fund) is managed by Gary West & James Inglis-Jones in accordance with their equity income investment process, The Cashflow Solution.

It invests in a portfolio of 40-50 high-yielding UK companies with strong cash flows which we believe are likely to beat investors' low profit expectations.

Gary West & James Inglis-Jones aim to:
•  return more than the stock market over a five year period.
•  yield more than index-linked gilts.
•  provide an income stream that will grow faster than inflation over a five year period.

The Funds are valued daily at 12 noon on a forward basis; purchases and sales of units are effected at the next valuation point following receipt of instructions. The prices shown below are as at the most recent valuation point and are therefore not a precise indication of what you may receive if you were to undertake a transaction now. The offer price is the price at which you would have bought units and the bid price is the price at which you would have sold them.

* Please refer to the Liontrust Umbrella Fund plc Prospectus for details of valuation points for the Dublin OEICs. The price shown is the NAV per share.  

Fund NameDate of PriceCancellation PriceCreation PriceBid PriceOffer PriceYield (%)Fund Size
Asia Fund GBP * 16-Mayn/an/a11.3911.96n/a£11m
Asia Fund USD * 16-Mayn/an/a10.2310.74n/a
Asia Fund EUR * 16-Mayn/an/a11.3611.93n/a
Asia Income(R) 1 18-May87.8489.0287.8493.470.00£3m
Asia Income (I) 1 18-May92.3693.6092.3693.600.00
Dynamic Income Fund (R) 18-May5.12045.16295.12045.42105.7900n/a
Emerging Markets Absolute Return Fund USD * 16-Mayn/an/a9.8510.35n/a£10m
Emerging Markets Absolute Return Fund EUR * 16-Mayn/an/a9.6010.08n/a
Emerging Markets Absolute Return Fund SEK * 16-Mayn/an/a71.0574.60n/a
Emerging Markets Absolute Return Fund NOK * 16-Mayn/an/a56.1258.93n/a
Emerging Markets Absolute Return Fund GBP * 16-Mayn/an/a9.509.97n/a
European Absolute Alpha Fund GBP 16-Mayn/an/a9.409.40n/a£6m
European Absolute Alpha Fund EUR 16-Mayn/an/a9.389.38n/a
European Absolute Alpha Fund CHF 16-Mayn/an/a9.379.37n/a
European Absolute Alpha Fund USD 16-Mayn/an/a9.399.39n/a
European Absolute Return Fund (R) 18-May93.9594.6593.9599.380.00£42m
European Absolute Return Fund (I) 18-May94.1094.8094.1094.800.00
European Growth Fund (R) 18-May100.85101.53100.85106.611.48£49m
European Growth Fund (I) 18-May101.27101.96101.27101.961.74
FTSE 100 Tracker 18-May158.95160.35158.95160.352.90£47m
First Equity Fund (R) 18-May8.50098.59988.50099.02971.4900n/a
Income Fund (R) 1 18-May116.92117.89116.92123.795.83£278m
Income Fund (I) 1 18-May118.64119.62118.64119.625.78
Pan European Fund USD * 16-Mayn/an/a11.2111.77n/a£11m
Pan European Fund EUR * 16-Mayn/an/a11.0211.57n/a
Pan European Fund GBP * 16-Mayn/an/a9.8410.33n/a
Special Situations Fund (R) 18-May198.35201.45198.35211.520.50£364m
Special Situations Fund (I) 18-May200.96204.10200.96204.100.50
UK Growth Fund (R)
18-May238.07240.84238.07252.881.51£163m
UK Growth Fund (I) 18-May240.63243.43240.63243.431.79
UK Smaller Companies Fund 18-May470.45489.91470.45514.410.30£94m

Notes:

 

The Fund Size is calculated on a bid basis.

 

The Historic Yield reflects distributions declared over the past 12 months as a percentage of the mid-market unit price.  It does not include any preliminary charge and investors may be subject to tax on their distributions.

 

R = Price for Retail units

I = Price for Institutional units

 

1A portion of the Income Fund's expenses are charged to capital.  This has the effect of increasing the distribution for the year by 1.5 percentage points and constraining the fund's capital performance to an equivalent extent. 

  

 
Benchmark Index FTSE All-Share Index
IMA Sector / Peer Group IMA UK Equity Income
Manager Gary West & James Inglis-Jones
Launch Date 02/07/1990, transferred to Liontrust 01/08/1996
Managed by current Manager since 25/03/2009
Sedol Code  0701079
ISIN Number GB0007010795
Bloomberg Code RVMFINI LN
Interim Report Date 31 December
Annual Report Date 30 June
Ex-Dividend Date Interim: 1 January, Final: 1 July
Distribution Date Interim: end February, Final: 31 August
Minimum Investment - Unit Trust (Initial) £1,000
Minimum Investment - Unit Trust (Additional) £1,000
Minimum Investment - ISA (Initial) £1,000
Minimum Investment - ISA (Additional) £1,000
Regular Savings - ISA Min. £50 per month
Initial Charge 5%
Annual Management Fee 1.5% 
Fund Type Unit Trust (UCITS)

 

Liontrust Fund Partners LLP, Liontrust Investment Partners LLP and Liontrust Asset Managers Ltd are authorised and regulated by the Financial Services Authority. Past Performance is not a guide to future performance. The price of units and the income from them can fall as well as rise, and are not guaranteed. Investors may not get back the amount originally invested. The Simplified Prospectus contains important information which should be read before investing in any Liontrust Fund. Liontrust's standard terms of business apply.
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