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FE Trustnet Investment trusts

Factsheet

City of London IT PLC

201 Bishopsgate, London, EC2M 3AE
0845 608 8703 (Dealing)
0800 832 832 (Main Number)
www.henderson.com
support@henderson.com

Job Curtis»

01-Jan-1991 to Present

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.

Fund vs sector
	1y	3y
Position	14 / 23	8 / 22
Quartile	3	2

FE
Crown Rating
(Quantitative)

Ratios
	1y	3y
Volatility	6.45	11.47
Alpha	1.72	1.05
Beta	0.90	1.07
Sharpe	5.02	1.40
InfoRatio	-0.48	0.49
R²	0.72	0.86
Quartiles: 1 2 3 4 vs. UK Growth & Income»

FE Risk Scores
Instrument	1y(%) Growth	FE Risk Score
City of London IT PLC	28.1	88
UK Growth & Income	31.1	68
Cash	n/a	0
Compare this fund to its peers using FE Risk Scores>>
Learn more about using FE Risk Scores>>

	1y	3y	5y	12m-24m	24m-36m	36m-48m	48m-60m
CITY OF LONDON IT PLC ORD	+28.1	+58.5	+78.6	+3.0	+20.1	+35.5	-16.8
NAV	+27.2	+54.3	+56.5	+2.5	+18.4	+32.2	-23.2
UK Growth & Income	+31.1	+53.2	+45.7	-0.1	+16.9	+28.4	-25.9

Share Price
	Share	Price	Date	Prem/Disc	Diluted NAV		Gearing	Div yield
	Share	Price	Date	Prem/Disc	Estim	Last pub.	Gearing	Net	Gross
	CITY OF LONDON IT PLC ORD	351.40 (p)	19-Jun-2013	+1.90	344.44	342.40 18-Jun-2013	109	4.04	4.04

Capital structure & income
Share	Type	Exchange	Nominal value	Issued	Market value (m)	Wind-up date	Splits	News
CITY OF LONDON IT PLC ORD	UNIT	LONDON	25	256,835,000	901.49	n/a	n/a
Share identifiers: TIDM: CTY; SEDOL: 0199049; ISIN: GB0001990497

Detailed fund information
Fund type	United Kingdom-registered Investment Trusts
Launched	1901
Gross assets	£961.2m / $1,500.3m
Sector	UK Growth & Income
Asset Class	Equity
Own ISA wrapper
Savings plan	Minimum: £ 50.0 Monthly
Annual accounts	(Click to order)
Last report / accounts	08-Feb-2013
Last AGM	29-Oct-2012
Next AGM	October 2012
EGM	23-Jun-2011
Stockbroker(s)	Cenkos Securities Limited
Management contract	Management, 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 limit	n/a
Continuation / Wind-up provision	The 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 policy	n/a
Investment restrictions	n/a
Reconstruction proposal	n/a
Settlement details	n/a
Tax policy	n/a

Peer groups
Region	Asset Class	Investment Focus	Sector
United Kingdom	Equity	Mixed	UK Growth & Income

Largest holdings, 31-May-2013
Holding	(%)	Rank	Prev	Holding	(%)	Rank	Prev
HSBC HLDGS	5.90	1	(1)	DIAGEO	4.30	6	(6)
BRITISH AMERICAN TOBACCO	5.50	2	(2)	BP	3.50	7	(7)
GLAXOSMITHKLINE	5.20	3	(3)	UNILEVER	3.00	8	(8)
VODAFONE GROUP	4.90	4	(5)	CENTRICA PLC	2.30	9	(9)
ROYAL DUTCH SHELL	4.90	5	(4)	ASTRAZENECA PLC	2.10	10	(10)
				Total	41.60

more history»

Regional weightings, 31-May-2013
Region	(%)	Rank	Prev
UK	92.40	1	(1)
Continental Europe	6.00	2	(2)
North America	1.60	3	(3)
Total	100.00

more history»

Sector weightings, 31-May-2013
Sector	(%)	Rank	Prev
Financials	20.50	1	(1)
Consumer Goods	18.00	2	(2)
Consumer Services	11.80	3	(3)
Oil & Gas	10.60	4	(4)
Industrials	9.60	5	(5)
Health Care	8.90	6	(6)
Utilities	8.70	7	(7)
Telecommunications	6.40	8	(8)
Basic Materials	4.60	9	(9)
Technology	0.90	10	(10)
Total	100.00

more history»

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.