Fund Objective -
The VT Maven Smart Dividend UK Fund, previously the Munro UK Dividend Fund, aims to deliver an optimised risk adjusted return from UK equities.
Fund Process -
The fund uses consensus forecast gross cash dividends for each constituent company, in relation to
the total for the index, to determine the size of each holding. Using a fundamental measure, rather
than price (market capitalisation) as with most index funds, gives it a value bias. This model bridges
the gap between active and passive funds and could be described as Smart Beta. The model is rebalanced every month to incorporate
changes to dividend forecasts and the fund is reconciled to the model every day to exploit volatility.
Now available through Hargreaves Lansdown on its low cost flat fee basis of £2 a month
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The VT Maven Smart Dividend UK Fund does not lend out stock, charge performance fees or use derivatives.
It is a long only fully authorised OEIC.
The annual management charge on the X class is 0.5%.
The current annualised dividend yield on the X class income shares is 3.9%.
The minimum investment in X Class shares is £250.
Latest Fact Sheet
Fund Blog Pages
Domino Printing stated that profit before taxation was £53m for the year ended 31 October, down
1%. The dividend per share is 21.66p, up 5%.
SuperGroup announced that profit before tax was £9.9m for the 26 weeks to 27 October, down
Sports Direct reported profit before tax for the 26 weeks to 27 October is £143.1m, up
Wood Group stated that full-year earnings should meet analysts' expectations. It also said
that performance continued to be held back a loss-making contract in Oman.
As of Monday 21st October the fund, previously known as the Munro UK Dividend Fund, began trading under the name VT Maven Smart Dividend UK Fund.
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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.
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