• 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

    307.75p-0.25p

    25 April 2017

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 £312.8million (as at 28.02.2017)
    Currency Sterling
    ISIN GB0003463287
    SEDOL 346328
    Key dates
    Annual general meeting February
    Year end 30 September
    Dividends paid March, June, September, December (Quarterly)
    Results announced May (half yearly)
    November (final)
  • Fund manager commentary

    After the strength of the FTSE All-Share in February (+3.1%), the gain of +1.2% in March seems a little understated. Over the last six months (the first half of our financial year, the FTSE All-Share has returned a total gain of +8.1%.

    One of the highlights of the last month was the strong results shown by Arrow Global, a debt recovery business. We invested in this company when it came to the stock market in 2013, since then it has grown its business strongly with the latest set of figures showing growth in profit, earnings and dividends of just under 30%. It generates a return on equity (co-incidentally) of 29% and despite this, trades on a Price / Earnings multiple for 2017 of less than 11%.

    We also saw good results from Melrose Industries which is making rapid progress with the improvement of Nortek, its latest acquisition.

    We invested in three new companies during the month, an unusually high number given our usual low rate of turnover. Ascential is a UK exhibition and information service business with strong positions in its own operating niches. Bovis, the UK housebuilder, has had some high-profile problems, but we were confident these were resolvable and indeed the subsequent appointment of Greg Fitzgerald, the well-respected former CEO of Galliford Try is encouraging. The third purchase was Ibstock, the brick and building supplies manufacturer. It operates in a highly consolidated market with strong barriers to entry in a market that should continue to see good levels of demand.

    As at 31 March 2017

  • Share price

    307.75p-0.25p

    25 April 2017

  • Julian Cane

    Julian Cane

    Fund manager

  • AIC Dividend Logo

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

Information in this section of the Website is directed solely at persons who are located in the UK and can be categorised as retail clients. Nothing on this website is, or is intended to be, an offer, advice, or an invitation, to buy or sell any investments. Please read our full terms and conditions before proceeding further with any investment product referred to on this website. This website is not suitable for everyone, and if you are at all unsure whether an investment product referenced on this website will meet your individual needs, please seek advice before proceeding further with such product.

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