Abrdn Equity Income Trust plc (AEI) ORD GBP0.25
Sell:339.00p
Buy:342.00p
0
Change:
7.00p
(2.09%)
7.00p
(2.09%)
FTSE All Share:2.59%
Market closed |
Prices as at close on 24 June 2022
Prices delayed by at least 15 minutes
|
Switch to live prices
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Sell:339.00p
Buy:342.00p
Change:
7.00p
(2.09%)
7.00p
(2.09%)
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
Market closed |
Prices as at close on 24 June 2022
Prices delayed by at least 15 minutes
|
Switch to live prices
|
Sell:339.00p
Buy:342.00p
Change:
7.00p
(2.09%)
7.00p
(2.09%)
Market closed |
Prices as at close on 24 June 2022
Prices delayed by at least 15 minutes
|
Switch to live prices
|
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Objective
The Directors set the investment policy, which is to invest in a diversified portfolio consisting mainly of quoted UK equities which will normally comprise between 50 and 70 individual equity holdings. In order to reduce risk in the Company without compromising flexibility: a) no holding within the portfolio should exceed 10% of total assets at the time of acquisition; and b) the top ten holdings within the portfolio will not exceed 50% of net assets. The Company may invest in convertible preference shares, convertible loan stocks, gilts and corporate bonds. The Directors set the gearing policy within which the portfolio is managed. The parameters are that the portfolio should operate between holding 5% net cash and 15% net gearing. The Directors have delegated responsibility to the Investment Manager for the operation of the gearing level within the above parameters.
| Security | Weight |
|---|---|
| BP Plc Ordinary US$0.25 | 5.77% |
| Shell plc Ordinary EUR0.07 | 5.33% |
| BHP Group Ltd NPV | 3.99% |
| Thungela Resources Ltd NPV | 3.89% |
| Glencore plc Ord USD0.01 | 3.83% |
| Rio Tinto plc Ordinary 10p | 3.65% |
| SSE plc Ord 50p | 3.61% |
| CMC Markets Plc Ordinary 25p | 3.51% |
| Diversified Energy Company Plc Ord GBP0.01 | 3.18% |
| Close Brothers Group plc Ord 25p Shares | 2.86% |
| Sector | Weight |
|---|---|
| Financial Services | 33.02% |
| Energy | 19.62% |
| Basic Materials | 17.17% |
| Consumer Cyclical | 12.45% |
| Industrials | 9.68% |
| Consumer Defensive | 6.43% |
| Utilities | 6.09% |
| Real Estate | 3.75% |
| Healthcare | 2.18% |
| Communication Services | 1.32% |
| Country | Weight |
|---|---|
| United Kingdom | 92.87% |
| Australia | 5.65% |
| Switzerland | 4.51% |
| United States | 4.04% |
| South Africa | 3.89% |
| Italy | 2.08% |
| Egypt | 0.70% |
| France | 0.01% |
Fee Structure
Management fee of 0.65% p.a. of NA on the first GBP 175m and 0.55% thereafter. No performance fee. Contract terminable on notice period of 6 months.
Dividend Policy
The Company aims to provide a higher than average income, growing at least in line with the UK rate of inflation. The Company pays quarterly dividends in March, June, September and December each year.
ASSET SPLIT
Trust Manager
Thomas Moore
Manager Bio
Thomas Moore was graduated from Exeter University with a BA in economics and politics. Thomas is an Investment Director within the UK equities team. He began his career in 1998, joining Schroder Investment Management as Assistant Fund Manager, UK Equities. He joined the company in 2002 as an Investment Analyst. He then managed EMEA portfolios before moving to the UK equities team in 2006. His responsibilities include managing the UK Equity Income Unconstrained Fund, an institutional fund, the Standard Life UK Equity Income Trust and analysing the banks and financial services sectors. Thomas began managing the Standard Life Equity Income Trust in November 2011.
Board Of Directors
Mark WhiteChairman, Jeremy Tigue, Caroline Hitch, Sarika Patel
Data policy - All information should be used for indicative purposes only. You should
independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete,
and accepts no responsibility for how it may be used.
Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.