To continue using FE Trustnet please choose an edition:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here

Login

Login

Register

It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
 
 
Poll

Do you think UK interest rates will rise before the general election?

Yes
No

Vote

 
You are here: Factsheet

Contact details

ManagerGroupLogo
201 Bishopsgate, London, EC2M 3AE
0845 608 8703 (Dealing)
0800 832 832 (Main Number)

Support@henderson.com

Fund managers

* Job Curtis»01-Jan-1991 to Present


Investment objectives

The Company’s objective is to provide long term growth in income and capital, principally by investment in UK equities. The board continues to recognise the importance of dividend income to shareholders.

Key Information

Fund vs sector

  1y 3y
Position 12 / 24 17 / 24
Quartile 2 3

Fund ratings

FE Crown Rating: 4 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 7.87 10.66
Alpha 0.09 -0.26
Beta 0.95 1.01
Sharpe 0.37 1.27
InfoRatio -0.15 -0.03
R2 0.96 0.86
Quartiles:   1  2   3  4   help with ratios
vs. UK Equity Income»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+1.1 +43.7 +91.3 +27.2 +11.8 +6.1 +25.4
  NAV +1.8+46.8+81.7+26.3 +14.1+4.1+18.9
  UK Equity Income +0.8+50.7+78.5+30.3+14.7+2.9+15.1
Share Price
 SharePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf THE CITY OF LONDON INVESTMENT TRUST ORD 363.10 (p) 24-Oct-2014 +1.31 359.79 358.30
23-Oct-2014
108 4.10 4.10
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
THE CITY OF LONDON INVESTMENT TRUST ORD UNIT LONDON 25 293,710,000 1070.57 n/a n/a company announcements
Share identifiers: TIDM: CTY; SEDOL: 0199049; ISIN: GB0001990497
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched1901
Gross assets£1,145.6m / $1,842.2m
Sector UK Equity Income
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly
Annual accountsannual (Click to order)
Last report / accounts30-Sep-2014
Last AGM28-Oct-2013
Next AGMOctober 2013
EGM23-Jun-2011
Stockbroker(s)Cenkos Securities Limited
Management contractManagement, UK custodial, accounting, administrative and company secretarial services are provided to the Fund by Henderson Investors Plc and BNP Paribas Fund Services UK Ltd under a Management Agreement reviewed annually and has a 6 months notice period. The base management fee is calculated at the rate of 0.30% on the first GBP400 million of assets under management and 0.25% on assets under management in excess of GBP400 million. Such fees are payable quarterly in arrears. In addition, a performance fee is payable annually equivalent to 0.1% for every 1% outperformance against its benchmark subject to a cap of 0.5% of the average assets under management during the year (including the base management fee). With effect from 1 July 2005, an adjustment to the performance fee was introduced. if sufficient performance has been achieved, the cap of 0.5% will be applied. In the event of a significant movement in the share price, the performance fee will be decreased or increased in line with a sliding scale. Should the Company's share price decrease over the year in question by between 10.00% and 14.99%, the performance 15.00% and 19.99% in the share price would result in a reduction of 15% of the performance fee; and a decline of 20% in the performance fee. This arrangement is symmetrical and, should the share price increase over the period, the same thresholds and increases to the performance fee would apply. This could mean that the total fee paid may exceed the 0.5% cap by up to 20% of the performance fee.
Borrowing limitn/a
Continuation / Wind-up provisionThe Fund has an unlimited life. It has been authorised to allot shares and to repurchase up to 14.99% of its own issued share capital (either for cancellation or to be held in treasury) and the Company's preference stock; and this authority will be renewed again at the next AGM.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Equity Income
Largest holdings, 31-Aug-2014
Holding (%) Rank Holding (%) Rank
ROYAL DUTCH SHELL5.801DIAGEO2.706
HSBC HLDGS5.102VODAFONE GROUP2.507
BRITISH AMERICAN TOBACCO4.603UNILEVER2.408
BP3.704NATIONAL GRID2.009
GLAXOSMITHKLINE3.505ASTRAZENECA PLC1.9010
 Total34.20 
Regional weightings, 31-Aug-2014
Region (%) Rank  
UK 88.83 1 88.83% UK
USA 3.58 2 3.58% USA
Switzerland 2.79 3 2.79% Switzerland
Germany 1.49 4 1.49% Germany
Netherlands 1.19 5 1.19% Netherlands
Norway 0.70 6 0.70% Norway
Money Market 0.52 7 0.52% Money Market
Hong Kong 0.50 8 0.50% Hong Kong
Italy 0.40 9 0.40% Italy
Total100.00 
Sector weightings, 31-Aug-2014
Sector (%) Rank  
Financials 23.87 1 23.87% Financials
Consumer Goods 15.96 2 15.96% Consumer Goods
Consumer Services 12.19 3 12.19% Consumer Services
Oil & Gas 10.60 4 10.60% Oil & Gas
Industrials 9.95 5 9.95% Industrials
Utilities 7.30 6 7.30% Utilities
Health Care 6.81 7 6.81% Health Care
Telecommunications 6.40 8 6.40% Telecommunications
Basic Materials 5.28 9 5.28% Basic Materials
Technology 1.12 10 1.12% Technology
Money Market 0.52 11 0.52% Money Market
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
Sign up for email alerts
Stay upto date on the latest fund research from FE
 
subscribe Readers of this page also looked at:
Readers of this Factsheet have not looked at any others
 
 
 
Add your comment
 
Reload Change mode
 
Enter the words above:
Send comment
 
Be the first to comment on this Factsheet.

City of London IT: Net Asset Value(s)

12:05 PM | 24-Oct-2014

UBS ETF CAGBAS: Net Asset Value(s)

02:15 PM | 23-Oct-2014

Latest Fundswire  

Asset allocation

UK Equities, 88.83%
88.8300% ofUK Equities
US Equities, 3.58%
3.5800% ofUS Equities
Swiss Equities, 2.79%
2.7900% ofSwiss Equities
German Equities, 1.49%
1.4900% ofGerman Equities
Dutch Equities, 1.19%
1.1900% ofDutch Equities
Norwegian Equities, 0.70%
0.7000% ofNorwegian Equities
Money Market, 0.52%
0.5200% ofMoney Market
Hong Kong Equities, 0.50%
0.5000% ofHong Kong Equities
Italian Equities, 0.40%
0.4000% ofItalian Equities

Sector analysis

Charting

FE Trustnet portfolio

register   login
Register     Login
Use the plus sign add to portfolio on the left to add this fund to your portfolio