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UK Equity Income
VT Tyndall Unconstrained UK Income Fund
Managed by Tyndall Investment ManagementPart of VT Tyndall Funds ICVC
Latest factsheet
Aug 2026
Fund size
£50.1m
Yearly charge
0.65%
Manager fee
0.46%
Income yield
3.33%
Holdings
32
Launched
28 Sept 2015
The Fund aims to generate capital growth alongside rising income – A high conviction portfolio of 30-40 best ideas biased towards the mid-cap area of the UK stock market – Genuine active management. Active share targeted at 80%+ with no benchmark constraints – A diversified income stream of premium yield and dividend growth.
Simon Murphy (Fund Manager) · James Bowmaker (Deputy Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | +6.24% | +0.75% | +0.63% | Top 25% |
| 3M | +11.63% | +6.35% | +4.52% | Top 25% |
| 6M | +5.82% | +3.78% | +1.94% | Top 25% |
| YTD | +12.50% | +11.41% | +12.48% | Upper half |
| 1Y | +20.56% | +19.03% | +21.00% | Upper half |
| 3Y | +47.88% | +52.20% | +58.42% | Lower half |
| Since launch | +76.86% | +64.09% | +81.38% | Upper half |
Calendar-year performance
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| -0.34% | +13.59% | -6.45% | +18.01% | +5.27% | +16.56% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Savills Plc | 4.00% | |
| 2 | Rosebank Industries Plc | 3.80% | |
| 3 | RS Group Plc | 3.80% | |
| 4 | Breedon Group Plc | 3.70% | |
| 5 | DiscoverIE Group Plc | 3.70% | |
| 6 | Ashmore Group Plc | 3.60% | |
| 7 | Atalaya Mining Plc | 3.60% | |
| 8 | DFS Furniture Plc | 3.60% | |
| 9 | Michael Page Plc | 3.50% | |
| 10 | Victrex Plc | 3.50% |
Portfolio breakdown
Sector
| Consumer Discretionary | 27.40% | |
| Industrials | 24.20% | |
| Basic Materials | 14.50% | |
| Financials | 11.60% | |
| Real Estate | 10.80% | |
| Technology | 5.10% | |
| Telecommunications | 3.30% | |
| Energy | 2.90% | |
| Cash | 0.20% | |
| Utilities | 0.00% | |
| Consumer Staples | 0.00% | |
| Health Care | 0.00% |
Market cap
| > 100 | 0.00% | |
| 50 - 100 | 2.50% | |
| 20 - 50 | 2.90% | |
| 10 - 20 | 2.90% | |
| 5 - 10 | 0.00% | |
| 2 - 5 | 32.10% | |
| 1 - 2 | 37.40% | |
| 0.5 - 1 | 15.00% | |
| < 0.5 | 7.00% | |
| Cash | 0.20% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| A GBP Accumulation | GB00BYX00612 | BYX0061 | acc | – | 0.47% | 0.64% | £10k |
| A GBP Accumulation | GB00BYX0D612 | BYX0D61 | acc | No | 0.47% | 0.65% | £10k |
| A GBP Income | GB00BYX0D836 | BYX0D83 | inc | No | 0.47% | 0.64% | £10k |
| A GBP Income | GB00BYX00836 | BYX0083 | inc | – | 0.47% | 0.64% | £10k |
| B GBP Accumulation | GB00BL982497 | BL98249 | acc | No | – | – | – |
| B GBP Income | GB00BL982505 | BL98250 | inc | No | – | – | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Aug 2026 | View original factsheet ↗ | 13 Sept 2026 |
| Jul 2026 | View original factsheet ↗ | 20 Aug 2026 |
| Jun 2026 | View original factsheet ↗ | 30 Jul 2026 |