Square Mile Investment Consulting & Research has added the Trojan Income Fund to its Academy of Funds, giving it an AA rating.

Housed within a dedicated section on the Square Mile website, and free for all advisers to access, recommended funds carry a rating - A, AA, AAA or P+ - as a mark of quality and a reflection of the level of conviction Square Mile has in a fund's ability to deliver on expectations.

Commenting on the addition, Square Mile's Investment Research Analyst Andrew Johnston said:

"This fund is suitable for investors seeking a lower risk UK equity income strategy, and one whose income should grow over time; something that has been achieved every year since launch. Whilst there is a clear focus on providing a premium yield over the market, the managers will not unnecessarily place capital at risk by chasing higher yielding stocks."

"The managers view risk as the potential for permanent capital loss and rightly take pride in this strategy's capacity to provide protection in more volatile periods. As a strategy providing a reliable and growing income stream, and exposure to UK equities through a more sheltered return profile, there are few peers that can match it."