Fund facts

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LF Woodford Income Focus Fund

As at 31 October 2018

Fund manager Neil Woodford
Fund name LF Woodford Income Focus Fund
Fund sector IA Specialist
Benchmark FTSE All Share Index
Investment objective To provide a high level of income* together with capital growth
Fund type UCITS (UK)
Inception 20 March 2017
Pricing frequency Daily
Launch price £1.00 per share (all share classes)
Share classes A, C, X, Z – Acc & Inc
Fund size (GBP) £578.88m
Geographic exposure No restrictions
Exposure to unquoted securities None
Eligible for ISA investment? Yes
Eligible for SIPP investment? Yes

* The fund manager will aim to deliver an income of 5p per share per annum. Investors should be aware that there is no guarantee that any specific level of dividend or yield will be achieved over any given time period.

Fund performance

Performance

Source: Financial Express, Woodford

Performance summary
  1 month 3 months Year-to-date 1 year Since launch
(12/04/2017)
LF Woodford Income Focus (C Acc) -5.10 -9.25 -13.37 -13.07 -9.17
FTSE All Share index -5.19 -7.16 -4.37 -1.47 3.10
IA Specialist sector average -2.84 -4.83 -3.79 -2.72 -0.08
Standardised performance (%)
  01/10/13
to 30/09/14
01/10/14
to 30/09/15
01/10/15
to 30/09/16
01/10/16
to 30/09/17
01/10/17
to 30/09/18
LF Woodford Income Focus (C Acc) - - - - -6.18
FTSE All Share index 6.09 -2.30 16.82 11.94 5.87

Portfolio analysis

Top 10 holdings
Name Industry Weight (%)
Imperial Brands Consumer Goods 8.97
NewRiver REIT Financials 4.84
Taylor Wimpey Consumer Goods 4.69
Barratt Developments Consumer Goods 4.57
Redde Financials 4.48
Provident Financial Financials 4.19
British American Tobacco Consumer Goods 3.54
Honeycomb Investment Trust Financials 3.15
Crest Nicholson Consumer Goods 3.03
Bovis Homes Consumer Goods 2.81
Total (of top 10)   44.27

View the full portfolio

Performance contribution

Source: Northern Trust, Woodford, as at 30 September 2018

Sector allocation
Industry Fund (%) Benchmark (%)
Financials 42.98 25.44
Consumer Goods 31.19 14.09
Industrials 17.74 10.77
Consumer Services 7.16 11.22
Health Care 1.06 9.78
Oil & Gas 0.00 14.72
Utilities 0.00 2.74
Basic Materials 0.00 7.60
Telecommunications 0.00 2.79
Technology 0.00 0.85
Cash and near cash -0.13 0.00
Total 100.00 100.00
Geographical allocation
Country Fund (%)
United Kingdom 97.22
Germany 1.74
United States 1.06
Norway 0.11

Prices and fees

Month-end prices As at 31 October 2018
Share class Price
A Acc 90.48p
A Inc 84.45p
C Acc 90.83p
C Inc 84.78p
X Acc 89.78p
X Inc 83.79p
Z Acc 90.97p
Z Inc 84.91p

View daily prices

Fees
Share class Initial Annual(%) Exit
A Acc & Inc 0.00 1.00 None
C Acc & Inc 0.00 0.75 None
X Acc & Inc 0.00 1.50 None
Z Acc & Inc 0.00 0.65 None

View fees breakdown

Identification codes
Share class Sedol ISIN Bloomberg Lipper
A Acc BD9X679 GB00BD9X6796 BBG00D9V9H42 68379146
A Inc BD9X6P7 GB00BD9X6P73 BBG00D9VC4T0 68379147
C Acc BD9X6D5 GB00BD9X6D51 BBG00D9VJ4K2 68379156
C Inc BD9X6V3 GB00BD9X6V34 BBG00D9VJ9J3 68379157
X Acc BD9X6K2 GB00BD9X6K29 BBG00DB05841 68379166
X Inc BD9X709 GB00BD9X7091 BBG00DB05RM9 68379167
Z Acc BD9X6L3 GB00BD9X6L36 BBG00DB05T72 68379168
Z Inc BD9X710 GB00BD9X7109 BBG00DB05WY5 68379169
Distributions & accounting periods (all share classes)
Frequency Quarterly
XD dates 1 February
1 May
1 August
1 November
Payment dates End March
End June
End September
End December
Year end 31 January
(Interim 30 July)

What are the risks?

  • The value of the fund and the 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 annual management charge 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 will be invested in a concentrated portfolio of securities – the fund is not restricted by reference to any geographical region, sector or market capitalisation
  • The fund may invest in other transferable securities, money market instruments, warrants, collective investment schemes and deposits
  • The fund may invest in overseas securities and be exposed to currencies other than pound sterling

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.

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.

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.

© 2018 Woodford Investment Management Ltd.
All rights reserved.

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