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MI Downing Monthly Income Fund

Our monthly income Fund targets a premium yield to the UK equity income sector, together with long-term capital growth.

Key points

  • Top quartile yield: the fund is committed to providing a market and sector beating yield.
  • High conviction portfolio: 30 – 40 holdings allow best ideas to drive performance.
  • Risk-adjusted portfolio construction: with our bottom-up approach, we believe we have a full understanding of our investments. Strong balance sheets, good cash generation and efficient operations reduce risk.
  • Value-led: we aim to buy businesses at attractive valuations, to improve returns and protect against downside risk. 
  • Multi-cap approach: the fund applies Downing’s small-cap expertise across a range of UK market capitalisations.
  • Distributions: income is paid monthly.


Why we’re different

The UK equity income sector has attracted such a substantial volume of assets over the last few years that 60% of assets within the sector are invested in the same 50 companies1.

Our fund has a significantly lower exposure to these businesses and is designed to offer you an alternative source of income. We invest across a range of UK companies with different market capitalisations, allowing us to find businesses that we believe can provide an attractive yield and long-term capital growth.

1Source: FE Analytics, based on holding information as at 31/7/15 for a sample of 40% of the sector by asset under management


Our typical investment process

Set out below is our typical investment process for the Downing Monthly Income Fund:


Meet the Managers

James Lynch








Important Notice

Investing in our products will place your capital at risk and you may not get back the full amount invested. Any tax treatment may be subject to change and the availability and value of the reliefs depend on the individual circumstances of each investor. The availability of tax reliefs also depends on the investee companies maintaining their qualifying status.

Further information can be found at HMRC’s website. Neither past performance or forecasts are reliable indicators of future results and should not be relied upon. Unquoted or smaller company shares are likely to have higher price fluctuations and are likely to be more difficult to sell than shares quoted on the London Stock Exchange Official List. Website content is not intended to constitute investment, tax or legal advice. We recommend you seek independent advice before investing in any of our products.

Important Notice

Downing’s investments place your capital at risk and you may not get back the full amount invested. Past performance and forecasts are not a reliable guide to future results. Tax treatment may be subject to change and depends on individual circumstances. Smaller company shares are likely to have higher volatility and liquidity risks than other types of main market listed instruments. We recommend that you seek professional independent financial advice before investing. We do not offer investment or tax advice.

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