Slater Income Fund
Key Stats - Class A Income
Investment Team: Mark Slater, Ralph Baber, Barrie Newton, Nigel Milton & Tim Freeborn
Launch Date: 19/09/2011
Fund Type: Open-Ended Investment Company (OEIC)
IA Sector: UK Equity Income
Share Types: Income and Accumulation
1.57% Ongoing Charges (OCF)
1.50% Annual Management Charges (Included in OCF)
Distribution Dates: 31 March, 30 June, 30 September & 31 December
We seek to achieve a consistent performance by broadly dividing the Fund into three complementary categories: growth companies with attractive yields, dividend stalwarts with earnings pointing upwards and high yielders with more cyclical upside; in all three categories we are looking to invest across the market capitalisation spectrum.
We look for companies delivering growing dividends over a specified hurdle rate, coupled with a suitable level of dividend cover. We focus on companies with strong balance sheets, powerful competitive positions and moats, high returns on capital and rising margins and sales per share. We interrogate company accounts and analysts’ forecasts vigorously. We also place a great deal of emphasis on positive recent trading statements and directors’ share dealings. If we are still interested in a company at this stage, we meet with senior company management to get a greater understanding of the visibility of earnings and margins. We also focus on understanding both the opportunities and risks facing the business in the future. If, and only if, we think all boxes have been ticked will we invest in a company.