Fund Aims
The Unicorn UK Income Fund aims to provide an income by investing in UK companies.
UK companies are defined as those which are incorporated or domiciled in the UK, or have a significant part of their operations in the UK.
Fund Managers
Fraser Mackersie manager for:
11 years 10 months
Fraser is co-manager of Unicorn UK Income Fund and lead manager of Unicorn UK Growth Fund. He was co-manager on the Acorn Income Fund from 2013 until its liquidation in November 2021. Fraser joined Unicorn in 2008 having previously held positions with F&C Asset Management and Geoghegan & Co Chartered Accountants. He graduated from the University of St Andrews in 2003 with a degree in Economics and Management and is also a Fellow of the Association of Chartered Certified Accountants.
manager for:
11 years 10 months
Simon has been co-manager of the Unicorn UK Income Fund and lead manager of the Unicorn Smaller Companies Fund since 2013. He was co-manager on the Acorn Income Fund from 2013 until its liquidation in November 2021. He joined Unicorn Asset Management in 2008, since when he has been an active member of the Investment Committee. Prior to joining Unicorn Simon worked as a research analyst at JM Finn & Co. Stockbrokers and spent three years in the NHS graduate finance scheme.
Fund Overview
Price
Bid
183.49p
Offer
183.49p
(17/10/2025)
Annual Management Charge
1.50%
Top 10 Holdings
|
| Stock Name |
% Weight |
| POLAR CAPITAL HOLDINGS PLC. |
6.1%
|
| LondonMetric Property PLC LondonMetric Property Ord GBP0.10 |
5.9%
|
| TELECOM PLUS |
5.1%
|
| PRIMARY HEALTH PROPERTIES |
5.1%
|
| JAMES HALSTEAD |
4.9%
|
| AJ BELL |
3.5%
|
| BODYCOTE |
3.5%
|
| AVON TECHNOLOGIES |
3.3%
|
| CASTINGS PUBLIC LIMITED COMPANY |
3.3%
|
| VESUVIUS |
3.2%
|
|
Total
|
44.1%
|
Equity Sector Allocation
| Industrial Goods & Services |
25.0%
|
| Financial Services |
19.3%
|
| Construction & Materials |
13.8%
|
| Real Estate |
11.0%
|
| Food, Beverage & Tobacco |
6.4%
|
| Utilities |
5.1%
|
| Insurance |
4.1%
|
| Basic Resources |
3.3%
|
| Media |
2.8%
|
| Other |
3.4%
|
| Cash and Equivalents |
3.7%
|
Data accurate at: 31/07/2025
Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested.
Cumulative performance figures are calculated from the previous working day.
Discrete performance figures are calculated from the previous month end.
Data accurate at: 31/07/2025
Asset Allocation
|
|
UK Equities
|
81.5%
|
|
|
Property
|
11.0%
|
|
|
Cash & Equivalents
|
3.7%
|
|
|
International Equities
|
2.4%
|
|
|
Investment Trusts
|
1.4%
|
Equity Sector Allocation
ICB Industries
ICB Supersectors
ICB Sectors
ICB Subsectors
ICB Industries
| Industrials |
|
38.8% |
| Financials |
|
23.3% |
| Real Estate |
|
11.0% |
| Consumer Staples |
|
6.4% |
| Consumer Discretionary |
|
6.3% |
| Utilities |
|
5.1% |
| Cash and Equivalents |
|
3.7% |
| Basic Materials |
|
3.3% |
| Technology |
|
2.1% |
ICB Supersectors
| Industrial Goods & Services |
|
25.0% |
| Financial Services |
|
19.3% |
| Construction & Materials |
|
13.8% |
| Real Estate |
|
11.0% |
| Food, Beverage & Tobacco |
|
6.4% |
| Utilities |
|
5.1% |
| Insurance |
|
4.1% |
| Cash and Equivalents |
|
3.7% |
| Basic Resources |
|
3.3% |
| Media |
|
2.8% |
| Technology |
|
2.1% |
| Retail |
|
1.8% |
| Travel & Leisure |
|
1.7% |
ICB Sectors
| Investment Banking & Brokerage Services |
|
17.8% |
| Construction & Materials |
|
13.8% |
| Real Estate Investment Trusts |
|
11.0% |
| Industrial Engineering |
|
9.2% |
| Industrial Transportation |
|
6.9% |
| Electricity |
|
5.1% |
| Non-life Insurance |
|
4.1% |
| Food Producers |
|
3.9% |
| Cash and Equivalents |
|
3.7% |
| Aerospace & Defence |
|
3.3% |
| Industrial Metals & Mining |
|
3.3% |
| Media |
|
2.8% |
| Beverages |
|
2.5% |
| Software & Computer Services |
|
2.1% |
| Electronic & Electrical Equipment |
|
1.9% |
| General Industrials |
|
1.9% |
| Industrial Support Services |
|
1.9% |
| Retailers |
|
1.8% |
| Travel & Leisure |
|
1.7% |
| Equity Investment Instruments |
|
1.4% |
ICB Subsectors
| Asset Managers & Custodians |
|
10.2% |
| Building Materials: Other |
|
8.1% |
| Diversified REITs |
|
5.9% |
| Conventional Electricity |
|
5.1% |
| Health Care REITs |
|
5.1% |
| Diversified Financial Services |
|
4.1% |
| Food Products |
|
3.9% |
| Cash and Equivalents |
|
3.7% |
| Investment Services |
|
3.5% |
| Machinery: Industrial |
|
3.5% |
| Defense |
|
3.3% |
| Iron & Steel |
|
3.3% |
| Machinery: Specialty |
|
3.2% |
| Building: Climate Control |
|
3.1% |
| Reinsurance |
|
2.8% |
| Transportation Services |
|
2.6% |
| Engineering & Contracting Services |
|
2.5% |
| Soft Drinks |
|
2.5% |
| Marine Transportation |
|
2.5% |
| Machinery: Construction & Handling |
|
2.4% |
| Software |
|
2.1% |
| Media Agencies |
|
1.9% |
| Electronic Equipment: Gauges & Meters |
|
1.9% |
| Diversified Industrials |
|
1.9% |
| Home Improvement Retailers |
|
1.8% |
| Commercial Vehicle-Equipment Leasing |
|
1.7% |
| Restaurants & Bars |
|
1.7% |
| Equity Investment Instruments |
|
1.4% |
| Property & Casualty Insurance |
|
1.3% |
| Business Training & Employment Agencies |
|
0.9% |
| Professional Business Support Services |
|
0.9% |
| Radio & TV Broadcasters |
|
0.9% |
Interactive Sector Breakdown
Drill down to specific information by clicking the folders.
Breakdown By Market Cap (%)
Top 10 Holdings
|
|---|
| Stock name | % Weight | Country | Sector |
| 1 | POLAR CAPITAL HOLDINGS PLC. | 6.1 %
| United Kingdom | Financials |
| 2 | LondonMetric Property PLC LondonMetric Property Ord GBP0.10 | 5.9 %
| Direct Property and REITs | Real Estate |
| 3 | TELECOM PLUS | 5.1 %
| United Kingdom | Utilities |
| 4 | PRIMARY HEALTH PROPERTIES | 5.1 %
| Direct Property and REITs | Real Estate |
| 5 | JAMES HALSTEAD | 4.9 %
| United Kingdom | Industrials |
| 6 | AJ BELL | 3.5 %
| United Kingdom | Financials |
| 7 | BODYCOTE | 3.5 %
| United Kingdom | Industrials |
| 8 | AVON TECHNOLOGIES | 3.3 %
| United Kingdom | Industrials |
| 9 | CASTINGS PUBLIC LIMITED COMPANY | 3.3 %
| United Kingdom | Basic Materials |
| 10 | VESUVIUS | 3.2 %
| United Kingdom | Industrials |
|
FL Dual Aspect Analysis
|
|---|
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Managed Funds | Property | Other | Cash & Equiv | Total |
| Technology | 2.1%
| | | | | | | | | 2.1%
|
| Financials | 21.9%
| | | | | | | 1.4%
| | 23.3%
|
| Real Estate | | | | | | | 11.0%
| | | 11.0%
|
| Consumer Discretionary | 6.3%
| | | | | | | | | 6.3%
|
| Consumer Staples | 6.4%
| | | | | | | | | 6.4%
|
| Utilities | 5.1%
| | | | | | | | | 5.1%
|
| Industrials | 36.4%
| 2.4%
| | | | | | | | 38.8%
|
| Basic Materials | 3.3%
| | | | | | | | | 3.3%
|
| Cash and Equivalents | | | | | | | | | 3.7%
| 3.7%
|
| Total | 81.5%
| 2.4%
| | | | | 11.0%
| 1.4%
| 3.7%
| 100.0%
|
Distribution Details
Income Frequency
Quarterly
Distribution Type
Dividend
Distribution Payment Basis
Net
Charges
Discounted initial charge
0.000%
Net discounted AMC
0.750%
Annual Management Charge
1.50%
Exit charge
The ACD may make a charge on redemption of shares but at present no redemption charge is levied.
Distribution Dates
| Ex dividend date(s) |
Income payment date(s) |
| 01st July |
31st August |
| 01st April |
31st May |
| 01st January |
28th February |
| 01st October |
30th November |
Ratings
Aims & Benchmark
Benchmark
FTSE All-Share Index
IA sector
UK Equity Income
Aims
The Unicorn UK Income Fund aims to provide an income by investing in UK companies.
UK companies are defined as those which are incorporated or domiciled in the UK, or have a significant part of their operations in the UK.
Fund Administration
Fund Trustee/Depository
HSBC Bank plc
Fund Administrator
Apex Fund Services (UK) Ltd
Fund Registrar
Apex Fund Services (UK) Ltd
Fund Custodian
HSBC Bank plc
Fund Background
Valuation point
Daily 10:00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
Group Details
Group address
Preacher's Court
The Charterhouse
Charterhouse Square
London
EC1M 6AU
Group telephone
020 7253 0889
Dealing telephone
01392 477 655
Dealing
Settlement period: buy
3 days
Settlement period: sell
3 days
Data accurate at: 31/07/2025
Concentration Coefficient*
29
*A measure of portfolio concentration, e.g. where the fund coefficient is 25, this means the portfolio concentration is equivalent to holding 25 equally weighted stocks.
Risk Factors
Concentrated Portfolio
Yes
Investments Long Term
Yes
| Fund Specific Risks |
-
Charges to Capital - Part, or all of the periodic annual management fee(s) and expenses may be charged to
capital which could increase the potential for the capital value of your investment to be eroded. Your capital could
also decrease if income withdrawals exceed the growth rate of the fund(s).
-
Concentrated Portfolio - The fund may invest in a relatively smaller number of stocks. This stock
concentration may carry more risk than funds spread across a larger number of companies.
-
Smaller Companies - The fund invests in smaller companies. Smaller companies shares can be more volatile
and less liquid than larger company shares, so smaller companies funds can carry more risk.
-
Value Of Investments - The value of investments, and any income can fall, as well as rise, so you could get
back less than you invested. Neither capital nor income is guaranteed.
-
Investments Long Term - Investments should be regarded as long term and are not suitable for money which may
be needed in the short term, you should always have a sufficient cash reserve.
|
Machinery: Industrial
United Kingdom
Direct Property and REITs
Cash and Equivalents
United States
Non-Classified