Funds in this sector invest in different areas of the market, and some are more flexible than others. This means that performance will vary widely between funds.
Global share markets suffered steep declines in the first three months of 2020 as the pandemic began, but governments and central banks reacted decisively, easing investors’ fears and enabling a strong recovery over the rest of the year. This continued in the first half of 2021 and major share markets have all now fully recovered last year’s losses, despite gross domestic product (GDP) remaining below pre-pandemic trends in most countries.
Over the past 12 months, global shares produced a healthy return of 25.5%*. Investors have held an optimistic outlook for global growth, with economies recovering and reopening as vaccine rollouts continue. This has varied by country and affected sectors differently. The announcement of successful coronavirus vaccine trials last November improved the fortunes of companies and sectors most closely linked to the health of the UK economy. This includes travel and leisure, oil & gas, mining and financial companies, which at first bore the brunt of the crisis.
In the first half of 2021 the US continued to outperform other global and UK shares, but all produced strong returns. Over the past five years, the difference is stark, with US shares returning 122.3% compared with a return of 36.9% for UK shares. Past performance is not a guide to the future.
The UK could still be described as unloved by investors. Compared to the US it has fewer growth and technology companies, and more exposure to sectors that have been largely out of favour in the past five years, such as financials and oil & gas. Brexit has been an additional uncertainty for investors.
Chart showing Global stock market over 5 years to June 2021
Scroll across to see the full chart.
Five year global shares performance
Scroll across to see the full table.
|Sector||Jun 16 – Jun 17||Jun 17 – Jun 18||Jun 18 – Jun 19||Jun 19 – Jun 20||Jun 20 – Jun 21|
|FTSE All-Share TR||18.1%||9.0%||0.6%||-13.0%||21.5%|
|FTSE Emerging TR GBP||24.1%||5.9%||8.3%||-0.4%||24.5%|
|FTSE USA TR GBP||21.6%||12.7%||14.3%||11.6%||27.1%|
|FTSE World TR GBP||22.9%||9.3%||10.4%||5.8%||25.5%|
Past performance is not a guide to the future. Source: *Lipper IM to 30/06/2021.
Chart showing Global bond market performance over 5 years to June 2021
Scroll across to see the full chart.
Five year global bond sector performance
Scroll across to see the full table.
|Sector||Jun 16 – Jun 17||Jun 17 – Jun 18||Jun 18 – Jun 19||Jun 19 – Jun 20||Jun 20 – Jun 21|
|IA £ Corporate Bond TR||6.8%||0.6%||5.6%||5.7%||3.4%|
|IA £ High Yield TR||11.1%||0.6%||5.3%||-2.5%||13.8%|
|IA UK Gilt TR||-0.6%||2.1%||4.9%||11.7%||-7.0%|
|IA UK Index Linked Gilt TR||6.9%||1.9%||8.9%||11.4%||-4.4%|
Past performance is not a guide to the future. Source: Lipper IM to 31/1/21.
While 2021 has so far been positive for shares, it’s been a different story in bond markets. Corporate bonds lost 1.5%* while UK gilts fell by 6%, with a large sell-off at the start of the year. This came as confidence grew in the economic recovery, raising the possibility of higher inflation, and causing investors to factor in an increased likelihood of higher interest rates.
Year-to-date, only high yield bonds have produced a positive return among the major bond sectors. Over the past five years, it’s also been high yield bonds that have delivered the highest return among the major bond sectors, but this hasn’t been a smooth journey. These bonds are issued by companies that are less likely to be able to pay off their debts and, therefore, they have tended to do less well when the economic outlook weakens – such as the start of 2020 – but they tend to do better when the economic outlook is more positive.
Despite some ups and downs, the last five years have been a good period for growth-oriented investors, but it’s remained a more challenging environment for investors seeking a higher income. The yields offered by various asset classes are low, with investors needing to take on a higher level of risk, to receive a given level of income, than has been the case in previous market eras.
Meanwhile, the prospect of higher inflation – whether it proves transitory or more lasting – confronts income investors with a further risk of eroding their ‘real’ (or inflation-adjusted) income. There are increasing signs that pent-up demand and supply constraints could push up prices, while at the same time central banks might let inflation run higher in the short term after a period of low inflation.
We think stock markets could deliver good returns, including income growth, for investors able to take a long-term view. But 2020 was a particularly challenging year for equity income investors. UK shares have traditionally offered relatively attractive dividends and they continue to offer a higher yield than global shares. However, underlying dividends in the UK fell by an estimated 41.6% in the 12 months to March 2021, compared with the prior 12 months, as the pandemic had an outsized impact on some of the UK’s biggest dividend-payers such as miners, oil companies and banks – these three sectors accounted for three fifths of UK dividend cuts by value. During this period the UK winners were food retailers who were able to increase their dividends by 22% overall.
Dividends held up better in other markets, and it’s estimated that on a global basis, the value of underlying dividends reduced by 14% over the 12 months to March 2021.
Thankfully, dividends in the UK and other markets have been showing signs of improvement even though they remain below pre-pandemic levels. During the crisis last year, regulators placed restrictions on bank dividends to protect their balance sheets, but these are expected to be removed, enabling banks to increase their dividend pay-outs this year. The global economic recovery has pushed commodity prices higher, causing a surge in profits for mining companies this year and enabling them to raise their dividends and pay special, or one-off, dividends.
Link Group currently forecasts that UK dividends will increase by 17.2% year-on-year in 2021 in a best-case scenario, and by 11.1% in a worst-case scenario, and will be on track to regain their pre-pandemic levels by around 2025. A separate forecast for global dividends suggests a 7.3% rise in underlying dividends, in 2021 compared with 2020 although there are no guarantees.
Some sectors and companies will bounce back more quickly than others – meaning the recovery in dividends will be uneven. We think this provides an opportunity for active fund managers to prove their worth.
Dividend yields are a function of market levels as well as dividend amounts. With the UK share market rising by 21.5% in the past 12 months, the dividend yield for UK equities has reduced from 4.7% to 2.8%. This is still higher than other major share markets, and the yields of many types of bonds. Remember that yields are not guaranteed, nor are they a reliable indicator of future income.
An increasing number of companies in other markets, like Asia, pay their profits out as dividends. We expect this trend to continue over the long term. We also saw global dividends prove more resilient than UK dividends in 2020. So it’s worth considering overseas investments for an income portfolio too. This also gives some exposure to foreign currencies, which can be beneficial if sterling is weak, but the opposite’s true if the pound’s strong.
In terms of bonds, we think government bonds are still useful to diversify a portfolio. But yields are low and the effect of inflation means investors get little reward in the form of income for lending to governments, particularly in the case of developed markets. Corporate bonds, including high-yield bonds, offer more attractive yields for investors able to accept the extra risk. It’s a similar story with emerging market bonds.
Bonds are less likely to offer much in the way of income growth, but they’re a good way to help diversify an income portfolio focused on shares.
|Yields of various asset classes (%)|
|Global high yield bonds||4.1%|
|Emerging market bonds||4.9%|
|European high yield bonds||2.6%|
|UK corporate bonds||1.7%|
|UK government bonds||0.7%|
Yields are based on past income, so they aren't a reliable guide to future income. Source: HL as at 30/06/2021.
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.
8 Best Funds for Regular Dividend Income
Reinvestment, in which the generated interim income is reinvested back into the investment, is known to increase long-term returns. However, some investors opt to receive periodic payments from their investments, depending on their specific needs. Periodic coupon or interest payments from bonds, which are debt instruments, and regular dividends, which are cash payments from stocks and mutual funds, can offer investors a steady stream of income. In this article, we explore eight of the best dividend mutual funds, which are known to pay dividends regularly.
- Many mutual funds offer aggregate dividends from multiple stocks that are either reinvested or paid out to account holders.
- Dividend funds are paid out after fees, meaning the best dividend mutual funds should have low expense ratios and high yields.
- Dividend-paying mutual funds tend to focus on large, well-established companies with a strong track record of paying dividends or are expected to increase their dividend payments.
How Do Mutual Funds Pay Dividends?
Mutual funds often contain a basket of securities including equities or stocks, which may pay dividends. Dividends are paid to shareholders at different times. Mutual funds following a dividend reinvestment plan, for example, reinvest the received dividend amount back into the stocks. Other funds follow the dividend payment plan by continuing to aggregate dividend income over a monthly, quarterly, or sometimes six-month period, and then making a periodic dividend payment to account holders.
A fund pays income after expenses. If a fund is getting regular yield from the dividend-paying constituent stocks, those expenses can be covered fully or partially from dividend income. Depending on the local laws, dividend income may be tax-free, which can add to an investor's overall return.
Investors should also note that companies are not obliged to make dividend payments on their stocks, meaning dividends are not guaranteed. Investors looking for dividend income may find dividend-paying mutual funds a better bet than individual stocks, as the latter aggregates the available dividend income from multiple stocks. A mutual fund also helps with diversifying risk from depreciating stock prices since the money invested is spread between dozens of companies.
Top Dividend-Paying Mutual Funds
Here are the best mutual funds that pay high-dividend yields. A useful benchmark for gauging the dividend-paying performance of a fund is to compare the mutual fund yield against the yield of the benchmark S&P 500 index.
Also, the 30-day SEC Yield is a standard measurement in the industry mandated by the U.S. Securities and Exchange Commission (SEC) to help investors compare funds before investing.
Please note that any fund that invests in stocks, bonds, or other securities can realize gains in losses due to the price movements of the holdings. Although the market gains can lead to enhanced capital gains in addition to the SEC yield, market losses can also occur. These losses can be so significant that the SEC yield can not only be wiped out but also a loss of the initial investment is possible.
1. The Vanguard High Dividend Yield Index Admiral Shares (VHYAX)
VHYAX is an index fund that attempts to replicate the performance of the FTSE High Dividend Yield Index. This index contains stocks of companies, which usually pay higher than expected, or greater than average, dividends. Being an index fund, the VHYAX replicates the benchmark stock constituents in the same proportion. This fund has maintained a consistent history of paying quarterly dividends since its inception on Feb. 7, 2019.
Being an index fund, this has one of the lowest expense ratios of 0.08% and SEC yield was 2.75%. The fund has a $3,000 minimum investment requirement. It may be a perfect low-cost fund for anyone looking for higher than average dividend income.
For investors looking for a lower minimum investment requirement, Vanguard offers this fund as an exchange traded fund (ETF), which has many similar characteristics. The ETF version is called the Vanguard High Dividend Yield ETF (VYM).
2. The Vanguard Dividend Appreciation Index Admiral Shares (VDADX)
VDADX is an index fund, which attempts to replicate the performance of the benchmark NASDAQ US Dividend Achievers Select Index. This unique index consists of stocks that have been increasing the dividend payouts over time. Being an index fund, VDADX replicates the benchmark stock constituents in the same proportion. This fund is also a consistent payer of quarterly dividends since its inception date of Dec. 19, 2013.
The VDADX also has one of the lowest expense ratios of 0.08% and an SEC yield of 1.65%. The fund has a $3,000 minimum investment requirement.
For investors looking for a lower minimum investment requirement, Vanguard offers this fund as an ETF, which has many similar characteristics. The ETF version is called the Vanguard Dividend Appreciation ETF (VIG).
3. The Columbia Dividend Opportunity Fund (INUTX)
Columbia's INUTX focuses on delivering dividends by investing in the stocks of companies that have historically paid consistent and increasing dividends. The fund offers a diversified portfolio of holdings that include common stocks, preferred stocks, and derivatives for both U.S. and foreign securities of various sized companies.
The INTUX has an expense ratio of 1.05% and an SEC yield of 1.96%. The fund's inception date was Aug. 1, 1988, and also has a $2,000 minimum investment requirement.
4. The Vanguard Dividend Growth Fund (VDIGX)
The Vanguard Dividend Growth Fund (VDIGX) primarily invests in a diversified portfolio of large-cap (and occasionally mid-cap) U.S. and global companies, which are undervalued relative to the market and have the potential for paying dividends regularly. The fund research attempts to identify companies that have high earnings growth potential leading to more income, as well as the willingness of company management to increase dividend payouts.
The VDIGX has an expense ratio of 0.26% and an SEC yield of 1.48%. The fund's inception date was May 15, 1992, and also has a $3,000 minimum investment requirement.
5. The T. Rowe Price Dividend Growth Fund (PRDGX)
Based on the principle that increasing dividends over a period are positive indicators of a company’s financial health and growth, PRDGX looks to invest in mostly stocks of large companies with some mid-sized companies mixed in. The fund seeks companies that have a strong track record of paying dividends or that are expected to increase their dividends over time.
The PRDGX contains mostly stocks of large U.S. companies that pay quarterly dividends. The PRDGX has an expense ratio of 0.63%. The fund's inception date was Dec. 30, 1992, and has a $2,500 minimum initial investment requirement.
6. The Federated Strategic Value Dividend Fund (SVAAX)
For investors who are not satisfied with quarterly dividends, the SVAAX from Federated offers monthly dividends. The fund's investment strategy includes generating income and long-term capital appreciation by focusing on higher-dividend-paying stocks than that of the broader equity market. The fund also seeks out companies with dividend growth potential and the fund is primarily benchmarked to the Dow Jones U.S. Select Dividend Index.
The SVAAX contains mostly stocks of large U.S. companies with some foreign securities. The SVAAX has an expense ratio of 1.06% and an SEC yield of 3.21%. The fund's inception date was March 30, 2005, and has a $1,500 minimum initial investment requirement.
7. The Vanguard Equity Income Fund Investor Shares (VEIPX)
The VEIPX from Vanguard focuses primarily on established U.S. companies that are consistent dividend payers. The fund's holdings tend to be slow-growth but high-yield companies. As a result, the stock price gains may be limited when compared to other funds. This fund pays regular quarterly dividends and has an inception date of March 21, 1988. The VEIPX has an expense ratio of 0.28% and an SEC yield of 2.24%. The VEIPX has a $3,000 minimum investment requirement.
8. The Neuberger Berman Equity Income Fund (NBHAX)
The NBHAX looks to earn dividend income and capital appreciation by investing in high dividend-paying equities that include common stocks, utilities, real estate investment trusts (REITs), convertible preferred stock, convertible securities such as bonds, and derivative instruments like call and put options.
The fund's inception date was June 9, 2008, and has a $1,000 minimum initial investment requirement. It pays dividends with an SEC yield of 1.50% and has an expense ratio of 1.06%.
The Bottom Line
A company's dividend payments are typically paid from the company’s retained earnings, which represent the saved profit from prior years. However, companies may be better off reinvesting the dividend money back in the business, leading to higher revenue and an appreciation of their stock prices.
Also, dividend payments limit the reinvestment gains due to compounding. Investors looking for regular dividend income should weigh both the benefits of dividend income with the limitations before investing in high dividend-paying mutual funds.
Income-Producing Fidelity Fund Picks®
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
*Automatically prefills an additional screen to the FundPicks selection criteria. Results are limited to FundPicks and funds with an SEC yield greater than 1%.
SEC yield: A standard yield calculation developed by the Securities and Exchange Commission for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield".
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. High yield/non-investment grade bonds involve greater price volatility and risk of default than investment grade bonds. The securities of smaller, less well-known companies can be more volatile than those of larger companies.
Growth stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.
Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time.
Diversification and asset allocation do not ensure a profit or guarantee against loss.
Investing in municipal bonds for the purpose of generating tax-exempt income may not be appropriate for investors in all tax brackets.
Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.
4 Highly Rated Vanguard Dividend and Income Funds
Investors seeking to establish the income portion of their portfolio often do so via funds. After all: If dependable income is a priority, you probably also value stability – and a diversified bundle of holdings will provide much more of that than a few individual stocks.
While there's certainly a wide variety of options out there, those looking to keep costs low but quality high would do well to examine some Vanguard dividend and income funds.
Vanguard's name is inextricably attached to its dirt-cheap fees; 9 in 10 Vanguard mutual funds rated by independent research firm CFRA have expense ratios of less than 0.30%.
But don't sleep on the quality of Vanguard's products. Nearly 60% of its mutual funds earn a four- or five-star rating from CFRA.
Today, we're going to delve into four Vanguard dividend and income funds that boast both low fees and high ratings. Todd Rosenbluth, CFRA's Head of ETF and Mutual Fund Research, calls these four funds "examples of appealing, yet different, equity funds based on our risk, reward, and cost analysis."
Data is as of March 22. Yields on equity funds represent the trailing 12-month yield. Yields o bond funds are SEC yields, which reflect the interest earned after deducting fund expenses for the most recent 30-day period.
1 of 4
Vanguard Dividend Appreciation Index Fund Admiral
- Fund category: Large blend
- Assets under management: $54.5 billion
- Dividend yield: 1.6%
- Expenses: 0.08%, or $8 for every $10,000 invested
Vanguard Dividend Appreciation Index Fund Admiral (VDADX, $39.14) is a passive mutual fund that tracks an index of U.S. large-cap companies that have raised their dividends over time. Specifically, each constituent has improved its payout for at least 10 consecutive years.
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VDADX's portfolio consists of a blend of growth and value stocks of companies that demonstrate both the ability and the commitment to grow their dividends over time. As a result, VDADX shareholders get quality large caps including Microsoft (MSFT) and Walmart (WMT).
Top sector holdings at the moment are consumer discretionary (23%) and industrials (21%), with a 15% weighting in healthcare as well. Technology makes up 12% of assets, but that's less than half of what you'll find in the S&P 500. That's typical of the VDADX, which means performance might at times lag a benchmark like the S&P 500 or Nasdaq Composite when growth is in favor.
But that's what you typically can expect from dividend and income funds. That's OK. You're still getting a solid, low-cost product that can produce decent results in the long run while taking on below-average risk.
"VDADX's five-star rating is driven by its low risk profile, based on its holdings and performance record, as well as its extremely low 0.08% expense ratio," Rosenbluth says.
Learn more about VDADX at the Vanguard provider site.
2 of 4
Vanguard Dividend Growth Fund
- Fund category: Large blend
- Assets under management: $45.6 billion
- Dividend yield: 1.6%
- Expenses: 0.27%
If you prefer a human manager at the helm, Vanguard Dividend Growth Fund (VDIGX, $33.96) is an actively managed product that offers exposure to a diverse mix of dividend focused companies.
It's difficult to find similar dividend and income funds with such low expenses. "Investors willing to pay a little more for active management will find VDIGX appealing as the fund's 0.27% expense ratio is still sharply lower than peers' 0.94%," Rosenbluth says.
Couple the low fees with above-average long-term returns, and you have yourself a strong income-focused core holding.
The VDIGX portfolio currently consists of roughly 40 large-cap stocks, with the highest weights currently belonging to healthcare (21%) and industrial stocks (21%). Consumer staples (15%), consumer discretionary (12%) and financials (11%) also make up large chunks of assets. This results in a set of top-10 holdings that include the likes of American Express (AXP), UnitedHealth Group (UNH) and Johnson & Johnson (JNJ).
Again, the focus here is dividends, which results in a lack of growth, but also below-average risk. That tilt hasn't benefited the fund in the relatively short-term, but VDIGX has beaten the category average over the past 10 years, and it's better than 88% of peers over the past 15.
Learn more about VDIGX at the Vanguard provider site.
3 of 4
Vanguard Long-Term Corporate Bond Index Fund Admiral
- Fund category: Long-term bond
- Assets under management: $5.3 billion
- SEC yield: 3.4%
- Expenses: 0.07%*
Vanguard Long-Term Corporate Bond IndexFund Admiral (VLTCX, $26.80) is a low-cost, index-based fixed-income mutual fund that holds investment-grade corporate bonds with long-term maturities.
Before you buy shares of VLTCX (or any long-term bond fund), remember: Long-term bond prices tend to see more downside pressure in a rising-rate environment than intermediate- and short-term bonds.
Prospective buyers should also be aware of the credit risk associated with investment-grade bonds, which comprise the majority of the VLTCX portfolio. Vanguard Long-Term Corporate Bond Index holds more than 2,400 bonds with an average effective maturity of 23 years. Roughly half the portfolio is in BBB-rated bonds (the lowest level of investment-grade), and another 39% is in A-rated bonds, with the rest rated AA or AAA.
That said, investors in long-term bonds have historically been rewarded with much more stock-like returns over longer time horizons.
VLTCX, which is among the few Vanguard dividend and income funds garnering a full five stars from CFRA, "charges a minuscule 0.07% expense ratio and has a strong reward and lower risk profile, based on its performance record and income generation, according to our model," Rosenbluth says.
* VLTCX is one of a handful of Vanguard products that charges an upfront purchase fee. This fee is 1%. Investors who have the option of investing in ETFs could avoid this by purchasing the Vanguard Long-Term Corporate Bond ETF (VCLT), which also has slightly lower expenses, at 0.05%.
Learn more about VLTCX at the Vanguard provider site.
4 of 4
Vanguard Long-Term Investment-Grade Fund
- Fund category: Long-term bond
- Assets under management: $20.0 billion
- SEC yield: 2.8%
- Expenses: 0.22%
Vanguard Long-Term Investment Grade Fund Investor (VWESX, $10.55) puts the brainpower of Wellington Management and Vanguard to work selecting a portfolio of high-yielding long-term bonds. And it does so for a song.
"Despite being actively co-managed by Wellington and Vanguard's Fixed Income group, VWETX charges a 0.12% expense ratio that is much cheaper than the 0.77% for credit-focused fixed income mutual fund peers," Rosenbluth says.
Like VLTCX, VWESX is concentrated on long-term bonds, with an average maturity of 22 years. But while high-quality corporates are the core of this portfolio, it also will hold a small number of taxable muni bonds. Credit quality is higher, too, with just 6% of holdings carrying a BBB rating, 64% at A and the rest above.
Again, current market and economic conditions don't favor long-term bonds, nor the Vanguard dividend and income funds that hold them. But VWESX has beaten both the category average and its benchmark over longer-term (10 and 15 year) time horizons, thanks in part to that high credit quality.
"The strong risk profile and modest costs contribute favorably to CFRA's five-star rating," Rosenbluth says.
Learn more about VWESX at the Vanguard provider site.
Kent Thune did not hold positions in any of these bond funds as of this writing. This article is for information purposes only, thus under no circumstances does this information represent a specific recommendation to buy or sell securities.
Income fund best
CFP Castlefield B.E.S.T Sustainable Income Fund
The CFP Castlefield B.E.S.T Sustainable Income Fund aims to grow the value of your investment by investing primarily in shares of UK companies offering above-market levels of dividend income, whilst also considering potential growth in income and capital over the long term. It targets an income yield of at least 4% and combines both an income objective and an ethical approach. This latter approach caters for thoughtful investors who wish to incorporate Environmental, Social and Governance (ESG) issues when making investment decisions. The fund takes into account a wide variety of criteria to determine the companies eligible for investment; the approach – and its name - is explained as follows:
B – Business and Financial
E – Environmental and Ecological
S – Social
T – Transparency and Governance
We believe that looking at all of these factors can give a better perspective on the likely sustainability of a company’s strategy and therefore its ability to deliver rewards for shareholders via dividends and/or capital growth. If a company shows scant regard for its stakeholders or its environment, there is a potentially greater risk that this will eventually result in a major problem that risks impairing capital permanently. By the same token, we expect that companies which are focused on these criteria as a matter of course have the potential to produce better returns in the long term.
The fund utilises a detailed screening system that assesses companies across a wide variety of environmental, social and governance factors whilst in addition to this comprehensive screen, we also apply our own exclusion criteria for sectors such as tobacco, armaments and pornography that we wish to avoid investing in. In addition, the fund was one of the first to exclude explicitly investment in the oil and gas production and mining sectors of the UK stock market, given the perceived risks associated with investing in fossil fuel extraction. As well as these exclusionary filters, the fund seeks to favour positive business practices by investing in companies that benefit the environment and society. We feel that this blend of positive and negative criteria is essential and allows us to capture the key concerns of investors.
Alongside the above, we take our role as shareholders very seriously and realise the importance of effective stewardship in encouraging good corporate practices. This means that we will exercise our voting rights wherever possible and seek to engage with companies to advocate suitable policies. We believe that good corporate governance at investee companies will be of long term benefit to the value of our investments.
In summary, the fund’s objective is the generation of sustainable income, both financially and operationally.
Important material to read before you apply:
Fund Literature (Assessment of Value, Factsheet, KIID, Prospectus, Financial Statements, SID, TMA)
Ready to Invest?
If you’ve read all of the important material listed above and want to make an investment, you can do that on-line, right now, by visiting Castlefield.direct using the link below:CASTLEFIELD.DIRECT
If you’d prefer a more traditional way to invest, the option exists to complete an application form. Please see the link below.
Application Forms:Available on conbriofunds.com
B.E.S.T Sustainable Fund Range Screening Policy
Portfolio holdings at prior Quarter end
Sustainable Funds Quarterly Investment Management Report
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