Income Fund

The investment objective of the Income Fund is to preserve and to grow the real value of investors’ capital and income, with an emphasis on the generation of income. Real value is defined as the value of capital and income after adjusting for the impact of inflation.

Why invest in the Income Fund?

The Income Fund is designed as a complete portfolio, containing a regularly reviewed balance of different assets. It is internationally diversified, including holdings in smaller companies and emerging markets, which otherwise would be difficult and expensive for an individual to buy, particularly those with smaller sums to invest.

Investors should intend to invest for a minimum of 3 years, although they can access their capital at any time. The fund is only suitable for investors who are prepared to accept the risk of some loss of their capital.

The fund has a long, public track record and – like all our investments – is managed according to our ethical principles.

Our approach

Experience suggests that better investment results arise from a long-term investment approach with a focus on quality. We seek companies with sustainable growth prospects, strong and established business models, sound balance sheets, and often a growing stream of dividends.

The fund’s allocation to different assets and geographies is reviewed quarterly by all the senior investment staff. Our team also collaborates on stock selection and monitoring. We draw on a deep well of experience in different markets and cycles. We only invest directly, so we keep full control over every holding.

How is the fund structured?

The fund is a UK UCITS authorised unit trust. This means that the manager must follow minimum standards, including holding a diversified portfolio, publishing clear guidance on charges and taking steps to safeguard investors' money. Its structure provides investors with certain institutional safeguards and simplicity of administration.

There are also tax considerations: individuals can defer incurring capital gains tax until units in the fund are sold, and the portfolio of underlying investments are managed without tax constraints.

McInroy & Wood Limited acts as the Investment Advisor to the fund; this means it determines the investments made within the fund in order to meet the fund’s investment objectives. McInroy & Wood Portfolios Limited acts as the Authorised Fund Manager and performs the administration relating to the running of the fund including helping investors add or withdraw money.

Unit Classes

We offer income and accumulation class units.

The decision whether to buy income or accumulation units will depend on whether you would prefer to receive the income as cash or would like it to be automatically reinvested.