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Portfolio Investments for Income
Portfolio Investments is a range of high quality funds with no upfront charges.
If you are investing for Income the following funds are available:
Sterling Corporate Bond Fund - A single manager fund managed by Santander Asset Management which holds assets directly and aims to provide a good level of income with the potential for capital gain by investing primarily in investment grade corporate bonds.
Cautious Portfolio - Invests in a diversified range of fixed interest investments and equities, with fixed interest never falling below 60% of the fund’s portfolio value.
Balanced Income Portfolio - Looks to provide an above average level of income along with some potential for capital growth primarily from exposure to a diversified range of equities and fixed interest investments.
Enhanced Income Portfolio - A single manager fund managed by Santander Asset Management which aims to provide investors with enhanced income and therefore limits the potential for capital growth. Holdings are likely to include UK shares, sale of covered call options and cash deposits and may from time to time include UK Fixed Interest Securities, warrants and derivatives.
Equity Income Portfolio - Looks to provide an above average level of income along with some potential for capital growth from exposure to equities.
This is a summary of how the assets are split for each of the income funds:
|
|
|
US |
|
|
Pacific |
Emerging |
Bonds |
Other |
Total |
|
Income Portfolios |
|||||||||
|
Sterling Corporate |
0% |
0% |
0% |
0% |
0% |
0% |
100% |
0% |
100% |
|
Cautious |
20% |
6% |
8% |
4% |
2% |
0% |
60% |
0% |
100% |
|
Balanced Income |
50% |
0% |
0% |
0% |
0% |
0% |
50% |
0% |
100% |
|
Enhanced |
94% |
0% |
0% |
0% |
0% |
0% |
6% |
0% |
100% |
|
Equity Income |
100% |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
100% |
As at May 2010 but please note that asset splits can change.
If you invest in Portfolio Investments through an ISA, you can make sure that any growth you enjoy is free of income and capital gains tax when you cash it in. You can also transfer an existing Cash or Stocks & Shares ISA from another investment provider to an Investments ISA which invests in one or more of the Portfolios. Please note that your current ISA provider may charge you for transferring out.
Investing outside an ISA
If you choose not to invest through an ISA, you may still benefit from tax advantages thanks to your Capital Gains Tax allowance. An adviser at any Santander branch will be able to explain these benefits in more detail.
Minimum investment
The minimum lump sum investment into any of the Portfolios is £500 (the minimum for lump sum top up, into the same portfolio, is £250) and the minimum regular contribution is £25 per month.
Unlike a number of other banks we do not impose an initial charge, so all your money is working hard for you from the start. Charges vary depending on which fund(s) you choose but the maximum charge, which includes the cost of things such as auditors fees and stamp duty, is 1.88%pa. Please refer to our Key Features Document which is available from any branch for full details and to help you decide if this product is right for you.
Risk factors
Phone us on 0845 7654321 or call in to a branch to speak to a Santander Financial Adviser.