• 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

    275.00p-2.00p

    closed

Objective & policy

  •  

    Focused on generating capital growth and an attractive income

    The Company seeks to achieve this objective by investing in companies which have good long-term prospects with attractive returns on invested capital, but whose share prices may not fully reflect this. This could be because of adverse sentiment, possibly from short-term difficulties, or simply because they are unfashionable. Many of the stocks purchased have a higher than average dividend yield.

    Investment risk is reduced by investing mainly in well established UK companies. Further, the portfolio of around 80 holdings is diversified with the majority in large and mid-capitalisation companies. The Company also holds investments in smaller companies. No more than 10% of the portfolio (at the time of investment) may be invested in securities quoted on the Alternative Investment Market. No unquoted securities may be purchased without the prior approval of the Board. The Company may, from time to time, invest in leading overseas companies. Whilst no individual country limits are imposed, the total value of investments outside the UK will not exceed 10% of the Company’s gross assets at the time of investment.

    The portfolio is well diversified across various sectors, although no maximum exposure limits are set. No single investment in the portfolio may exceed 10% of the Company’s total assets at the time of purchase.

    The Company may use gearing to enhance its returns. Its articles of association contain a borrowing limit equal to the value of its adjusted total of capital and reserves. The level of gearing would not normally, however, be expected to exceed 20% of net assets. Under the AIFMD, the Company is obliged to publish maximum permissible leverage exposures. No more than 10% of the total assets of the Company will be invested in other UK listed investment companies (including investment trusts) except in such other UK listed investment companies which themselves have stated they will invest no more than 15% of their total assets in other UK listed investment companies, in which case the limit is 15%.

    The Company may use derivatives principally for the purpose of income enhancement and efficient portfolio management. Options may only be written on quoted stocks and the total nominal exposure is limited to a maximum of 5% of gross assets at the time of investment for each of put and call options.

  • 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.

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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