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BMO UK High Income Trust (BHIB) Ordinary 0.1p B Shares

Sell:92.00p Buy:96.00p 0 Change: 0.50p (0.53%)
Market closed Prices as at close on 11 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:92.00p
Buy:96.00p
Change: 0.50p (0.53%)
Market closed Prices as at close on 11 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:92.00p
Buy:96.00p
Change: 0.50p (0.53%)
Market closed Prices as at close on 11 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
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

Is to invest 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.
Sector Weight
Financial Services 26.40%
Consumer Cyclical 19.13%
Consumer Defensive 12.59%
Industrials 8.10%
Healthcare 6.88%
Energy 6.29%
Basic Materials 5.40%
Real Estate 5.00%
Technology 4.45%
Utilities 1.91%
Country Weight
United Kingdom 84.14%
United States 3.58%
Ireland 3.20%
Spain 2.63%
Austria 2.60%

Fee Structure

Management fee 0.65% p.a. of the NAV. The management agreement terminable on a no less than six months notice.

Dividend Policy

In determining dividend payments, the Board takes account of income forecasts, brought forward revenue reserves, prevailing inflation rates. Dividends can also be paid from capital reserves although the Board has no current need or intention of doing so. Dividends/capital repayments are currently paid quarterly in August, November, February and May.

ASSET SPLIT

Total number of holdings: 38.

Trust Manager

Philip Webster

Manager Bio

Philip Webster is a Director in the European Equity team. Philip joined BMO Global Asset Management in May 2016 from Aberdeen Asset Management where he was a Senior Investment Manager with the Pan-European Equity Team. Philip had responsibilities across UK and European mandates while being lead manager of Aberdeen Smaller Companies Income Trust which he managed for 8 years. Phil graduated from the University of Aberdeen with an MA in Economics, holds the Investment Management Certificate (IMC) and is a CFA Charterholder.

Board Of Directors

John Evans Chairman, James Williams, Julia Le Blan, Andrew Watkins

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.

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'.