• Capital and Income Investment Trust - NEW BANNER
  • The Trust looks to generate long-term capital and income growth from a portfolio consisting mainly of FTSE All-Share companies. The Trust is heavily biased towards companies that look capable of paying a reliable and growing income to shareholders. Given this emphasis the fund manager focuses on attractively valued, well established companies characterised by strong balance sheets and robust cash flow. The Trust looks to grow its dividend consistently over time and dividends are paid at the end of each calendar quarter.
  • How to Invest

    Open an F&C Savings Plan

    Call: 0800 136 420

    Invest online now

    Or contact your usual investment broker

  • Share price



Key facts

  • The F&C Capital and Income Investment Trust offers the best of both worlds; the potential for long-term capital growth and a regular, growing income.

    Highlights of the F&C Capital and Income Investment Trust:

    • Dividends increased annually since launch in 1992, paid quarterly and grown significantly faster than inflation
    • Diversified portfolio focusing on well-established UK companies
    • Targets long-term capital and income growth.
  • NEW - Fund Manager - update video


    F&C Capital and Income Investment Trust - foundation video

  • Fund facts
    Investment manager F&C Management Limited
    Benchmark FTSE All-Share Index
    AIC sector UK Growth and Income
    Launch date 1992
    Total assets £297.1 million (as at 30.09.2016)
    Currency Sterling
    ISIN GB0003463287
    SEDOL 346328
    Key dates
    Annual general meeting Tuesday 9 February 2016, 11.30 am, Exchange house
    Year end 30 September
    Dividend payment date(s) March, June, September, December
    Ex-dividend date(s) February, June, September & December
    Announcement dates Interim results: Monday 23 May 2016
    Annual results: Thursday 24 November 2016
  • Fund manager commentary

    The FTSE All-Share recorded yet another gain with a positive return of +1.7% in September. This was the eighth consecutive month of positive returns. There was, of course, no real progress in establishing the economic or political consequences of the Brexit vote, but equity markets responded positively all the same to the loose monetary conditions in the UK and the generally positive economic and survey data released during the month.

    At an international level, there was considerable speculation as to whether the US Federal Reserve would increase interest rates. In the end, there was a split vote and rates were left unchanged which was supportive for markets, but there was the broader feeling that world-wide monetary conditions were as loose as they would get and that the trough had been seen for rates.

    The oil price was a notable mover in the month, first as there was an expectation that nothing new would emerge from the latest OPEC meeting. Surprisingly, there was an announcement of a planned supply cut and this subsequently drove up the price of oil and most oil-related shares.

    After the summer lull, there was a reasonable amount of corporate news, with two of our more significant holdings announcing major transactions. First, Secure Income REIT announced it was buying 55 Travelodge Hotels at a yield of 7% in a £196m transaction. We took part in the placing of new equity to finance the deal, seeing it as positive for dividend growth for the company. Phoenix, the life assurer, announced a further consolidation deal, the £935m acquisition of Abbey Life. The terms of this deal should also prove to be attractive, leading to an uplift in its dividend of 5%.

    There were no major changes to the portfolio during the month.

    As at 30 September 2016

  • Julian Cane

    Julian Cane

    Fund manager

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

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