• 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.
  • Fund Manager update 

    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 £321 million (as at 30.04.2017)
    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

    April was a quieter month for market moves with the FTSE All-Share Index recording a total return of -0.4%. However, the strength of the market in February (+3.1%) and March (+1.2%) means that calendar year to date, the total return of +3.6% is still attractive.

    Although end to end there wasn’t much movement in the Index, there was a dip and rally in the middle of the month. This was caused not by company specific factors, but by politics. First, on the pretext of strengthening her negotiating position ahead of the Brexit talks, but arguably also to give Labour a kicking while it’s down, the prime minister announced she would call a general election. This unsettled the equity market and caused the Index to slide, perhaps because it appears to make a hard Brexit more likely. However, the market recovered a couple of days later when Emmanuel Macron came out of the penultimate round of French Presidential elections looking like the most likely winner in the final round. This was seen as a more market friendly result than Marine Le Pen, as Frexit really would be the death knell for the European Union and would result in very considerable uncertainty.

    The only change to the portfolio during the month was to add further to our relatively new investment in Ibstock, the brick and building supplies manufacturer. There was a placing of the previous private equity owner’s remaining stake and now that known seller has been removed from the shareholder register, the shares have responded well. Results from Dunelm were disappointing, not so much for the company’s own efforts as it continues to take market share, but more because the UK homeware market is currently declining.

    As at 30 April 2016

  • Julian Cane

    Julian Cane

    Fund manager

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

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