Do the AJ Bell funds pay out income?
The six AJ Bell funds designed for growth only offer 'accumulation' shares, meaning they don't pay out an income. Any income generated is reinvested into the fund and factored into the daily published price.
The two AJ Bell funds designed for income offer both income and accumulation units. If you choose to buy income units, the income will be paid to you monthly – with the amount varying from month to month, depending on the dividends the fund has generated. If you choose to buy accumulation units, the income generated by the fund will be reinvested in the fund itself, increasing the price of each unit. You won’t receive income payments if you choose accumulation units.
For more information on types of share classes in funds, have a read of our FAQ: What is the difference between income and accumulation units?