• Capital and Income Investment Trust
  • 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

    The value of your investments can go down as well as up, and you may not get back what you originally invested.

  • Share price

    325.14p +1.39p


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 facts
    Investment manager F&C Investment Business Limited
    Benchmark FTSE All-Share Index
    AIC sector UK Growth and Income
    Launch date 1992
    Total assets £342.3 million (as at 31.10.2017)
    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

    With a number of the UK stock market indices hitting new highs during October, and volatility of the market remaining at remarkably low levels, it might reasonably be assumed things had never been better and that companies were in fine fettle.

    However, the raw statistics paint a rather different picture with 75 UK companies issuing profit warnings in the quarter to the end of September. Furthermore, the market response to these has been severe with the average company that profit warned in this quarter experiencing a 16% fall in its share price. Just to put this in context, this fall exceeds even the 2008 peak when warnings hit share prices by 15% on average. Considering this was a time when the very survival of much of the financial sector was in question, the contrast with the current level of calm is telling.

    In the current environment, stock selection and in particular avoiding the ‘torpedo’ stocks, becomes ever more important. To date, we have avoided the worst of these profit warnings and this shows in our performance relative to the Index.

    In the UK economy, inflation figures came in a little higher than expected with the CPI at +3.0% for the year to September and the UK GDP figure reported for Q3 was better than expected at +0.4% in the quarter and +1.5% for the year.

    As at 31 October 2017

  • 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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