Director, Portfolio Manager, European EquitiesView Bio
The Trust aims to provide an attractive return to shareholders each year in the form of dividends and/or capital repayments, together with prospects for capital growth.
In pursuit of its objective, the Company invests predominantly in UK equities and equity-related securities of companies across the market capitalisation spectrum.
The objective will be to achieve a total return in excess of that of the FTSE All-Share Capped 5% Index. The Manager will approach investment portfolio construction with the aim of maintaining a diversified portfolio with approximately 40 holdings at any given time. No single investment in the portfolio may exceed 10 per cent of the Company’s gross assets at the time of purchase. In addition, the Manager expects few individual holdings to exceed five per cent of the Company’s gross assets at the time of purchase. There are no maximum levels set for exposures to sectors.
Income may be enhanced from the investment portfolio by writing call options, but only where the portfolio has an existing holding and the holding is greater than the amount of stock subject to the call option. The percentage of the portfolio that may be used to generate call premium is limited to 5 per cent. by value at any one time. The Company may use derivatives for efficient portfolio management from time to time.
The Company has the power under its Articles of Association to borrow an amount up to 100 per cent. of the Company’s Adjusted Capital and Reserves. The Directors currently intend that the aggregate borrowings of the Company will be limited to approximately 20 per cent. of the Company’s gross assets immediately following drawdown of any new borrowings. The Directors will however retain flexibility to increase or decrease the level of gearing to take account of changing market circumstances and in pursuit of the Company’s investment objectives.
As required by the Listing Rules, the Company has a policy to invest no more than 15 per cent of gross assets in other listed investment companies.
Any material change to the investment policy of the Company will only be made with shareholders approval.
Stock market movements may cause the value of investments and the income from them to fall as well as rise and investors may not get back the amount originally invested.
A fund investing in a specific country carries a greater risk than a fund diversified across a range of countries.
Changes in rates of exchange may have an adverse effect on the value, price or income of investments. If markets fall, gearing can magnify the negative impact on performance.
Past performance is not a guide to future performance
|Investment manager||F&C Investment Business Limited|
|Benchmark||FTSE All-Share Capped 5% Index|
|AIC sector||UK Equity Income|
|Launch date||1 March 2007|
|Total assets||£134.8 million (as at 28.09.2018)|
|ISIN||(Units) GB00B1N4H933 (Ordinary Shares) GB00B1N4G299 (B Shares) GB00B1N4H594|
|SEDOL||(Units) B1N4H93 (Ordinary Shares) B1N4G29 (B Shares) B1N4H59|
|Annual general meeting||June|
|Year end||31 March|
|Dividend payment date(s)||August, November, February and May|
|Ex-dividend date(s)||July, October, January and April|