LF Woodford Equity Income Fund

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Temporary suspension of investor dealing

Please note that investor dealing in the LF Woodford Equity Income Fund is currently suspended and it is not possible to invest in the fund right now.

Our original investment proposition

  • The original Woodford fund, focused on delivering attractive long-term returns for investors through investment in undervalued companies that can deliver sustainable dividend growth
  • Investors expect a positive return and that is what we aim to deliver over the long term – protecting capital is our key priority
  • We aim to offer investors capital growth and a growing income stream, paid quarterly

An investment team that shares a single goal

  • The fund is managed by Neil Woodford, who has delivered outstanding long-term performance to investors during a career of more than 30 years
  • Neil is supported by a dedicated team that shares his approach and absolute focus on client outcomes
  • Five experienced analysts work with Neil, providing valuable analysis and support on specific investment opportunities – each has a different skill set for depth of cross-market coverage

A consistent and distinctive approach

  • We only invest when there is a compelling long-term opportunity – we will not invest in stocks just to make the fund look more like the index
  • We buy stakes in businesses and help them to fulfill their potential and deliver shareholder value
  • The fund will at times behave in a very different way to the overall market – we are happy to go against consensus to deliver positive long-term returns

Interested in offshore access?

The Woodford Equity Income Feeder Fund is normally available to provide offshore access to the original Woodford fund. Please note that dealing in the fund is currently suspended and it is not possible to invest right now.

Who might this fund be suitable for?

  • A wide variety of UK adult investors able to invest a lump sum or make regular payments
  • Self-directed investors capable of evaluating the risks and merits of the fund
  • Advised investors with varied levels of interest, knowledge, confidence and experience
  • Investors looking for long-term investment growth and with a minimum investment horizon of 3-5 years (and comfortable that although the funds can be withdrawn at any time, ‘instant access’ could mean having to withdraw at a time which is not optimal from a market / fund performance perspective)
  • Comfortable that the value of investments in the fund can go down as well as up, that capital may be at risk and that performance varies over time and returns are not guaranteed.
  • Investing for income or total return but clear that a healthy, sustainable level of income is a priority of the fund managers

Who is the fund not suitable for?

  • Any investor who does not have sufficient resources to bear any loss resulting from the investment
  • Investors who are not prepared to take any risk with their money or put their capital at risk
  • Self-directed investors who are not able to evaluate the risks and merits of the fund
  • Any investor looking for guaranteed income or total return
  • Investors who are not prepared to accept short-term volatility as there will be periods when the fund falls in value
  • Investors who do not wish to be exposed to unquoted securities.
  • Investors who may be looking to withdraw their money in the shorter term (e.g. have an investment horizon of less than 3-5 years)

What are the risks?

  • The value of the fund and any income from it may go down as well as up, so you may get back less than you invested
  • Past performance cannot be relied upon as a guide to future performance
  • The ongoing charges figure is charged to capital, so the income of the fund may be higher but capital growth may be restricted or capital may be eroded
  • The fund may invest in other transferable securities, money market instruments, warrants, collective investment schemes and deposits – some of these security types could increase the fund′s volatility and increase the level of indirect charges to which the fund is exposed
  • The fund may invest in overseas securities and be exposed to currencies other than pound sterling – as a result, exchange rate movements may cause the sterling value of investments to decrease or increase
  • The fund may invest in unquoted securities, which may be less liquid and more difficult to value, because they are generally not publicly traded – the lack of an open market may also make it more difficult to establish fair value

Important information

Before investing, you should read the Key Investor Information Document (KIID) for the fund, and the Prospectus which, along with our terms and conditions, can be obtained from the downloads page or from our registered office. If you have a financial adviser, you should seek their advice before investing. Woodford Investment Management Ltd is not authorised to provide investment advice.

The Woodford Funds (Ireland) ICAV (the “Fund”) has appointed as Swiss Representative Oligo Swiss Fund Services SA, Av. Villamont 17, 1005 Lausanne, Switzerland. The Fund′s Swiss paying agent is Neue Helvetische Bank AG. All fund documentation including, Prospectus, Key Investor Information Documents, Instrument of Incorporation and financial reports may be obtained free of charge from the Swiss Representative in Lausanne. The place of performance and jurisdiction for all shares distributed in or from Switzerland is at the registered office of the Swiss Representative. Fund prices can be found at www.fundinfo.com.

Woodford Investment Management Ltd is authorised and regulated by the Financial Conduct Authority (firm reference number 745433). Incorporated in England and Wales, company number 10118169. Registered address 9400 Garsington Road, Oxford OX4 2HN.

Woodford Patient Capital Trust plc is incorporated in England and Wales, company number 09405653. Registered as an investment company under section 833 of the Companies Act 2006. Registered address Beaufort House, 51 New North Road, Exeter, EX4 4EP.

© 2019 Woodford Investment Management Ltd.
All rights reserved.

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