Downing Monthly Income Fund presentation at Mello London 2018

By James Lynch, Fund Manager

Covering the key points of the fund, and how they do it

• 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.

Duke Royalty (DUKE) – 00:27

Downing Monthly Income Fund – 01:21

Market backdrop – 01:31

Philosophy – 05:16

The positions: Adept Technology (ADT) – 07:50

Photo-Me International (PHTM) – 11:19

Maintel Holdings (MAI) – 14:29

Lock ‘nStore Group (LOK) – 17:14

Summary about Downing Monthly Income – 19:02

Q&A – 21:07