Past performance is not a guide to future returns.The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested. Investors should seek independent financial advice as to whether investment in the fund is suitable Click here for further information about the risks involved in investment.
VT Maven SMART DIVIDEND UK FUND
The VT Maven Smart Dividend Fund UK, previously the Munro UK Dividend Fund, is a tracker OEIC, investing in the largest 300 constituents (excluding Investment Trusts) on the London Stock Exchange.
The fund aims to deliver an optimised risk adjusted return and is suitable for long term investors and those seeking a regular income, through either accumulation or income shares.
The fund uses a unique investment model to maximise the overall return for investors, based on consensus dividend forecasts published by the leading analysts for each company.
The model employs a process which calculates the weight of the fund’s holdings, with allocations based on a fundamental measure of the quality of the underlying businesses, rather than the share price method used by most index funds.
In this way the fund is able to avoid the price bias, typical of many trackers, and effectively bridge the gap between active and passive funds.
Wednesday 22nd October.
GSK t/o fell 3% in Q3 and plans to return £4b to shareholders in 2015, 3 div unchanged at 19p/share.
Home Retail maintained its interim dividend of 1p a share on PBT down 5% to £13.5m.
Spirit Pub Company increased its interim dividend 8% on PBT up 11% to £60m.
Playtech reported a 28.6% increase in revenue in Q3 to e116.5m.
Laird reported a 6% increase in revenue for Q3 to £150m.
British American Tobacco revenue declined 9.6% in the nine months to 30th Sept.
BHP Billiton reported a 9% increase in production in Q3.
- Dividend paid quarterly
- Low volatility – resulting in reduced risk
- A defined and transparent investment process
- A clear value bias - greater weighting to larger dividend paying companies
- Process driven – avoids the ‘star manager’ focus, and not reliant on key individuals
- Low minimum investment level
- Low annual management charge and no initial charge
Income or Accumulation?
The fund offers the option of taking income out four times a year from the dividends paid by the underlying investments. Alternatively, that dividend income can be retained in the fund and reinvested for additional capital growth. That is why the share prices for Income and Accumulation shares in each class are different, and will become more different over time.