Williams and co-manager Martin Turner will target a 5% yield though a diversified portfolio of 80-120 holdings with an emphasis on “good and growing” income.
When it opens on Friday (14 October), the fund is expected to hold around 65% in AIM and small/micro caps, 25% in mid caps and 10% in the FTSE 100.
The fund is not benchmarked against any index while no holding will make up over 1.5% of the portfolio – “If we get it wrong we will lose a finger, not an arm,” was Williams’ way of summing up this approach. The entire universe of investible companies is no more than 400 stocks.
“Just six companies now pay almost 50% of the FTSE 100 dividend income,” explained Williams.
“We believe there is a gap in the market in relation to income funds as most have a profound large cap bias, coupled with high sector or stock-specific exposure.”
Structured as a Ucits III Oeic, the fund will pay income on a quarterly basis. Minimum investment is £1,000 with an AMC of 1.5%.
The Acuim brand is a new addition to the MAM range, alongside its Midas and Miton funds.
