F & C Investments

F&C UK High Income Trust plc

  • Tapping into the best of the UK stock market

  • How to Invest

    Open an F&C Savings Plan

    Call: 0800 136 420

    Invest online now

    Or contact your usual investment broker

  • Objective and policy

    • The Trust aims to deliver an attractive return in the form of dividends and/or capital returns, together with the potential for capital growth. The portfolio is managed in two parts, an Equities Portfolio and a Higher Yield portfolio. The Equities Portfolio represents the majority of the Trust's assets and is invested in UK large and mid-sized companies while the higher Yield portfolio is currently invested in predominantly investment grade corporate bonds.
    • The proportion of the Company’s portfolio represented by the Equities Portfolio and the Higher Yield Portfolio will vary as a result of market movements and the proportion may also be varied by the Board and Manager over time, depending upon market circumstances

    The Equities Portfolio is invested predominantly in UK equities and equity-related securities of large and mid-sized companies. In managing the Equities Portfolio, the Manager will approach portfolio construction with the aim of selecting stocks which are expected to be core long-term holdings. This entails having relatively low turnover in the Equities Portfolio. The Manager tends to favour companies which have the ability to grow earnings and dividends in real terms over the longer term, have strong balance sheets, generate excess cash flow beyond the reinvestment requirements of the business and have a proven management team with a commitment to dividend growth. The Manager’s objective for the Equities Portfolio will be to achieve a total return in excess of that of the FTSE All-Share Capped 5% Index.

    The Higher Yield Portfolio is invested predominantly in corporate bonds (both investment grade and non-investment grade) but may also be invested, from time to time, in other higher yielding securities where the Manager believes performance could be enhanced and/or portfolio risk reduced without prejudicing the target yield. The Higher Yield Portfolio is diversified by stock, sector and credit risk. A majority of the fixed interest securities within the Higher Yield Portfolio is expected to be Sterling denominated but securities with denominations other than Sterling will also be held to provide portfolio diversification, with overseas currency exposure being hedged.

  • Past performance is not a guide to future results. The value of investments can go down as well as up.

    The shares of the Company are listed on the London Stock Exchange. Information in this section of the website concerning the Company is directed solely at persons who are located in the UK. Nothing on this website is, or is intended to be, an offer, advice, or an invitation, to buy or sell any investments. Potential investors must read our full terms and conditions before proceeding further with any investment product referred to on this website. The information on this website may not be suitable for everyone, and retail investors unsure whether an investment product referenced on this website will meet their individual needs should seek advice before proceeding further with such product.