HL Select UK Income Shares (2024)

What is HL Select UK Income Shares?

This fund contains high-quality, dividend paying shares chosen and managed by our experts. Dividends have long been a key element of the UK market, maybe more than any other. The HL Select UK Income Shares fund aims to offer an attractive and growing level of income with long-term capital growth potential. Dividend paying funds might be attractive to you if you’re focused on getting a monthly income from your investments. Income will vary and isn’t guaranteed. The charges for the fund are taken from capital, which can boost the income on offer, but reduce the potential for capital growth.

The fund not only focuses on stocks that have high income potential, but also good growth potential. Reinvesting dividends has significantly boosted returns over the long term. We might invest in higher-risk smaller companies where we see excellent potential for a greater yield. We will typically hold a smaller number of companies than most funds. This way each investment will have greater impact when things go well. But this does work both ways, making it higher risk.

In all HL Select funds, our experts have carefully selected a small number of financially strong companies. Across at least the next five years, we think these companies will grow your investment through delivering exceptional products or services. Although, like all investments the value of the fund will go up and down, so you could get back less than you invest. With monthly emails and our HL Select blog you can see every stock in each fund, have visibility of every investment decision we make, and a clear explanation of why it’s been chosen.

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The investment strategy

We aim to find large, medium or higher-risk smaller companies that, we believe, have the most potential. We hold about 30 companies, spread across 15 sectors, so each makes a real impact on returns, though it also increases risk compared to a more diversified approach. That’s why we focus so much on financial strength, as well as dividend potential.

Monthly Dividends

Income from the fund will be paid monthly. Investors can choose to have this automatically rolled back into the fund, by choosing accumulation units, or receive the dividends each month by choosing income units. We aim to provide a consistent dividend payment each month, although it is not guaranteed. Charges can be taken from capital, which increases the yield but reduces the potential for capital growth.

Managers' blog and email alerts

Learn what we buy and sell in the portfolio, along with our latest thoughts on the holdings and market when it matters most. Stay up-to-date with portfolio performance reports delivered directly to your inbox every month.

Managers' blog and email alerts

Learn what we buy and sell in the portfolio, along with our latest thoughts on the holdings and market when it matters most. Stay up-to-date with portfolio performance reports delivered directly to your inbox every month.

Read our blog

Low fixed annual fund charges

The ongoing charge is fixed and taken directly from the fund. This covers the management of the fund and all expenses other than transactional fees, which are incurred by all funds when shares are bought or sold. The HL charge is our platform charge which won't be over 0.45%. Both of these charges will be payable if you want to hold the fund with HL, amounting to a maximum of just 1.05% in total.

This fund is managed by Hargreaves Lansdown Fund Managers Ltd, part of the Hargreaves Lansdown Group. If you invest, HL will receive the fund's management charge, as well as the platform fee.  

See how the costs will affect your investment in detail

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Invest with a lump sum from £100, or start a monthly direct debit from just £25 per month.