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CQS Natural Resources Growth and Income (CYN) Ordinary 25p Shares

Sell:81.20p Buy:83.20p 0 Change: 1.10p (1.35%)
Market closed Prices as at close on 6 July 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:81.20p
Buy:83.20p
Change: 1.10p (1.35%)
Market closed Prices as at close on 6 July 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:81.20p
Buy:83.20p
Change: 1.10p (1.35%)
Market closed Prices as at close on 6 July 2020 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

The investment objective of the Company is to provide Shareholders with capital growth and income from a portfolio of mining and resource equities and of mining, resource and industrial fixed interest securities. The Company will aim to outperform, in total returns, a composite benchmark weighted two-thirds to the Euromoney Global Mining Index (sterling adjusted) and one-third to the Credit Suisse High Yield Index (sterling adjusted). It is not intended that the Company will acquire securities that are unquoted or unlisted at the time of investment. However, the Company may continue to hold securities that cease to be quoted or listed if the New Manager considers this to be appropriate.
Security Weight
First Quantum Minerals Ltd 8.49%
BW LPG Ltd 5.69%
R.E.A. Holdings 9% Cumulative Pref Ord £1 5.66%
Ero Copper Corp 4.77%
Americas Gold And Silver Corp 4.53%
West African Resources Ltd 4.42%
Hurricane Energy Plc 7.5% 4.01%
Euronav NPV 3.75%
Trevali Mining Corp 3.53%
TiZir Limited 9.5% 2.75%
Sector Weight
Basic Materials 60.89%
Energy 16.93%
Industrials 9.55%
Consumer Defensive 0.41%
Country Weight
Canada 46.92%
Australia 14.58%
United Kingdom 12.70%
Singapore 7.98%
United States 7.82%
Belgium 5.17%
Norway 4.22%
Monaco 2.72%
Ireland 2.01%
Zambia 1.02%

Fee Structure

The annual management fee on NAV below GBP 150m will be 1.2%, above GBP 150m and up to GBP 200m will be 1.1%, above GBP 200m and up to GBP 250m will be 1.0% and above GBP 250m will be 0.9%. The contract can be terminated by either party with 6 months notice.

Dividend Policy

The Board currently intends to at least maintain the level of dividend paid in respect of the subsequent financial year. The Board has announced an annual dividend target of GBX5.60 per share.The Company pays quarterly dividends, with the fourth dividend typically being substantially higher than each of the first three dividends.

ASSET SPLIT

Total number of holdings: 140.

Trust Manager

Keith Watson

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Richard PrickettChairman, Helen Green, Christopher Casey, Alun Evans, Carole Cable

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'.