Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

Capital Gearing Trust plc (CGT) Ordinary 25p Shares

Sell:4,320.00p Buy:4,340.00p 0 Change: 20.00p (0.46%)
Market closed Prices as at close on 14 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:4,320.00p
Buy:4,340.00p
Change: 20.00p (0.46%)
Market closed Prices as at close on 14 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:4,320.00p
Buy:4,340.00p
Change: 20.00p (0.46%)
Market closed Prices as at close on 14 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

To preserve the real wealth of shareholders and to achieve absolute total return over the medium to longer term. The company aims to achieve its investment objectives through long only investment in quoted closed-ended funds and other collective investment vehicles, bonds, commodities and cash, as considered appropriate.
Security Weight
Treasury 0.125% IL 2019 6.91%
iShares plc Core FTSE 100 UCITS ETF (Dist) 3.28%
United States Treasury Bonds 2% 2.76%
United States Treasury Notes 0.25% 2.73%
Vanguard Funds plc FTSE Japan Equity 2.61%
North Atlantic Smaller Cos Inv Tst Ord 5p 2.07%
Investor AB Ser B NPV 1.91%
United States Treasury Bonds 3.88% 1.82%
United States Treasury Bonds 8% 1.76%
Grainger Plc Ordinary 5p 1.73%
Sector Weight
Real Estate 6.62%
Financial Services 4.00%
Industrials 1.37%
Consumer Cyclical 1.34%
Technology 1.24%
Healthcare 1.15%
Consumer Defensive 1.09%
Energy 0.78%
Basic Materials 0.71%
Communication Services 0.40%
Country Weight
United Kingdom 29.77%
United States 28.65%
Sweden 5.45%
Japan 3.25%
Germany 2.33%
Netherlands 0.51%
China 0.40%
Australia 0.40%
India 0.23%
Canada 0.19%

Fee Structure

Investment management annual management fee of 0.60% of the NAV up to GBP 120m and 0.45% thereafte of the Company based on quarterly valuations and payable quarterly in arrears. Contract terminable on 6 months notice.

Dividend Policy

The Company pays an annual dividend but focuses on total return rather than any net income level; the distribution is made in July of each financial year.

ASSET SPLIT

Total number of holdings: 107.

Trust Manager

Peter Spiller

Manager Bio

Peter Spiller – Founder, CIO, Co-manager. Prior to founding CGAM in 2000, Peter was a partner and strategy director at Cazenove & Co Capital Management and a US equity investor at Capel Cure & Myers. Peter has managed all the funds run by CG Asset Management since inception other than Capital Gearing Trust which he began managing in 1982. Peter Spiller was educated at Wellington College and Christ Church, Oxford, where he read Politics, Philosophy and Economics. After initial training, he became an oil analyst at Myers & Co. (subsequently Capel Cure & Myers), followed by a stint of international corporate finance at Robert Fleming and the European Arab Bank, specialising in Eurobonds. In 1980, he returned to Capel Cure & Myers and ran US portfolios until 1988, when he moved to Cazenove & Co. in the same role. He directed strategy for the Capital Management Division when he became a partner in 1994. When the Cazenove partnership incorporated in 2001, he set up CG Asset Management Limited with David Brazier, one of his partners. He has run Capital Gearing trust since 1982, since when the share rice has risen from 21¼p (15/04/82) to 2065p (27/02/08). CG Asset Management has total funds under management of £1200m, in equities, index-linked, conventional bonds, real estate, private equity and commodities. He is the Chief Executive Officer of CGAM.

Board Of Directors

Graham Meek Chairman, George Prescott, Jean Matterson, Robin Archibald, Alastair Laing

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'.