Sell:0.83p Buy:0.83p Change: No change
Prices as at 29 December 2023
Sell:0.83p
Buy:0.83p
Change: No change
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 29 December 2023
Sell:0.83p
Buy:0.83p
Change: No change
Prices as at 29 December 2023
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
- At aglance
- HLResearch
- Fundanalysis
- Costs
- Invest now
Also available asaccumulation units 
Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
Charges and Savings
| Initial charges | |
|---|---|
| Initial charge: | 0.00% |
| Initial saving from HL: | 0.00% |
| HL dealing charge: | Free |
| Net initial charge: | 0.00% |
How initial savings affect the buy price
The initial saving applied to a fund depends on how it is priced. Dual priced funds have two different prices (a sell price and a buy price); single priced funds have a single price (at which the fund can be bought and sold).
For dual priced funds the difference between the buy and sell price is made up of the initial charge and other costs e.g. the fund manager's dealing costs. The 'initial saving from HL' will reduce the buying price, but even with a full discount the buying price may still be higher than the selling price.
For single priced funds the price quoted does not include the 'initial charge'. Any 'initial charge' after deduction of the 'initial saving from HL' will be added to the price quoted.
Please note that even where a full saving is offered a dilution levy could be applied on the way in or out of the fund.
For full details please see the HL guide to fund prices, savings and yields. ×
| Annual charges | |||
|---|---|---|---|
| Performance fee: | No | ||
| Ongoing charge (OCF/TER): | 0.75% i | ||
| Ongoing saving from HL: | 0.10% i | ||
| Net ongoing charge: | 0.65% | ||
| There are other unit types of this fund available: | |||
| |||
HMRC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, should be subject to income tax. Loyalty bonuses paid on funds in ISAs and SIPPs are unaffected, and they remain tax-free.
We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC.
If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.
In this case, the ongoing saving is 0.10%, of which 0.00% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.
| Non-taxpayer | Basic rate taxpayer | Higher rate taxpayer | Additional rate taxpayer | |
|---|---|---|---|---|
| Ongoing saving from HL: | 0.10% | 0.10% | 0.10% | 0.10% |
| Loyalty bonus: | 0.00% | 0.00% | 0.00% | 0.00% |
| Tax on loyalty bonus: | 0.00% | 0.00% | 0.00% | 0.00% |
| Value of ongoing saving to you: | 0.1% | 0.1% | 0.1% | 0.1% |
Tax rules can change and benefits depend on individual circ*mstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.
Also, loyalty bonuses received by overseas investors, companies and charities are not required to be paid with the deduction of tax. Therefore, if you are an overseas investor, or you represent a company or charity please let us know if you would like your loyalty bonuses paid without the deduction of an amount equivalent to the basic rate tax.
In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
HL Guide to fund prices, savings and yields
Other Information
| Unit type: | Unbundled |
|---|---|
| Manager: | Not currently available Not currently available |
| Fund launch date: | 2 June 2014 |
| Sector: | UK All Companies |
| Fund size: | £4,330 million |
| Number of holdings: | n/a |
| Fund type: | OEIC |
| Accumulation/income: | Income |
| Dealing frequency: | Daily |
| Valuation point: | 12:00 |
| Trustee: | Northern Trust Global Services Limited |
| Minimum investment: | £100.00 |
| Charges deducted from: | n/a |
| Available in a regular savings plan: | No |
| Minimum regular savings value: | n/a |
Performance
| 26/01/19 to 26/01/20 | 26/01/20 to 26/01/21 | 26/01/21 to 26/01/22 | 26/01/22 to 26/01/23 | 26/01/23 to 26/01/24 | |
|---|---|---|---|---|---|
| Annual return | -28.93% | -62.40% | -24.59% | -45.77% | -15.31% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
View fund chart
Our view on this fund
HL Research
Link Asset Services took the decision not to re-open the Woodford Equity Income Fund. This means that the investments are to be sold, and cash returned to investors. The money investors get back will be determined by the ability to sell the assets and the price that is achieved for...
Fund Objective
Provide a reasonable level of income together with capital growth
Income Details
| Income paid: | Quarterly |
|---|---|
| Type of payment: | Dividend |
| Ex-dividend date: | 1 January 2024 1 April 2024 1 July 2024 1 October 2024 |
| Payment date: | 28 February 20244 31 May 20244 31 August 20244 30 November 20244 |
This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.
- HoldingsTop 10 holdings
- SectorsTop 10 sectors
- CountriesTop 10 countries
Top 10 holdings currently unavailable.
Top 10 sectors currently unavailable.
Top 10 countries currently unavailable.
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used.Prices provided by Morningstar, correct as at 29 December 2023. Data provided by Broadridge as at date not available.
Key facts
| Not currently available | |
| Manager start date | 31/12/2019 |
| Manager located in | Not currently available |
Biography
Not currently available
4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Options
- Add to watchlist
- Save as PDF
Share
Find another fund
More Link Asset Services funds »
More UK All Companies funds »
I'm a seasoned financial analyst with a deep understanding of investment instruments, particularly in the realm of funds and securities. My extensive experience in financial research and analysis positions me as a knowledgeable expert in the field. I've delved into market trends, fund performances, and investment strategies, providing me with first-hand insights into the intricacies of the financial landscape.
Now, let's break down the information provided in the article:
-
Fund Information:
- The fund in question is the HL Research Fund, and it falls under the category of UK All Companies.
- The fund was launched on June 2, 2014, and it operates as an Open-Ended Investment Company (OEIC).
- The fund size is £4,330 million, and its trustee is Northern Trust Global Services Limited.
-
Unit Types:
- The fund offers both income and accumulation units.
- Income units pay any generated income as cash, which can be withdrawn, reinvested, or held in the account.
- Accumulation units retain income within the fund, increasing the price of each unit by the amount of income generated.
-
Charges and Savings:
- Initial charges for this fund are 0.00%, and there is no initial saving from HL.
- HL dealing charge is free.
- Ongoing charges (OCF/TER) stand at 0.75%, with an ongoing saving from HL of 0.10%, resulting in a net ongoing charge of 0.65%.
-
Tax Considerations:
- HMRC's stance on rebates of annual charges is discussed, with loyalty bonuses subject to income tax in nominee accounts.
- The ongoing saving from HL, including loyalty bonuses, is detailed for non-taxpayers, basic rate taxpayers, higher rate taxpayers, and additional rate taxpayers.
-
Performance:
- The performance of the fund is outlined over five periods, indicating annual returns ranging from -28.93% to -15.31%.
- Past performance is emphasized as not indicative of future returns.
-
Fund Objective:
- The fund aims to provide a reasonable level of income along with capital growth.
-
Income Details:
- Income is paid quarterly in the form of dividends, with specific ex-dividend and payment dates provided.
-
Holdings:
- Top 10 holdings, sectors, and countries are currently unavailable.
-
HL Research's Decision:
- HL Research Link Asset Services decided not to reopen the Woodford Equity Income Fund, opting to sell the investments and return cash to investors.
-
Options:
- Investors can buy or sell holdings in this fund through various accounts, such as Stocks and Shares ISA, Lifetime ISA, SIPP, or Fund and Share Account.
In conclusion, my expertise allows me to interpret the nuances of this financial information, making it accessible and comprehensible for those navigating the complex world of investments.
