Montanaro UK Income Fund
The Fund invests in UK Small and MidCap quoted companies, with a particular focus on those offering an attractive dividend yield, or with the potential for above-average dividend growth.
The full investment objective and policy for the Fund is stated in the Fund’s prospectus.
The Fund is classified as Article 8 for the purpose of SFDR.

Why Small & MidCap for income?
We believe that every investment portfolio should have some exposure to SmallCap, primarily owing to:
- The ‘SmallCap Effect’ – the proven long-term outperformance of smaller and mid-sized companies versus their LargeCap peers*
- Higher dividend growth relative to LargeCap
- Huge choice of companies - many family-owned businesses
- Under-researched, making for an inefficient market ripe with opportunity for those who invest in thorough analysis
- Portfolio diversification - helping to lower portfolio risk
*Source: see research from Dimson & Marsh
Listen to a Q&A about the UK Income Fund
*Please note that this video is suitable for Professional Clients only
UK income opportunities: from sausage rolls to housebuilders and cybersecurity
*Please note that this video is suitable for Professional Clients only
How we invest
Our investment process has remained unchanged for many years:
- We invest exclusively in “Quality Growth” companies
- We generate new ideas ourselves (no brokers)
- We do thorough research ourselves, which includes detailed analysis and company site visits
- We integrate ESG fully into company analysis
- We take a conservative approach to valuation
Ratings
The Fund has been rated by RSMR
The Fund has been awarded an Elite rating by Fund Calibre
How to invest
The Fund is available through various platforms:
- Aegon
- AJ Bell
- Allfunds
- Alliance Trust Savings
- Amber Financial
- Ascentric
- Aviva
- Elevate
- Fidelity Funds Network
- FNZ Wealth
- Hargreaves Lansdown
- Interactive Investor
- James Hay
- MFEX
- Novia
- Nucleus
- Old Mutual
- Pershing Nexus
- SEB
- Standard Life
- Transact
Alternatively, find out about the other ways of accessing this Fund.
Fund documents
Factsheets
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
KIIDs
Annual and Interim Reports
ESG Handbook
Prospectus
Application Form
Corporate Documents
Contact our sales team





