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

Sell:178.00p Buy:181.50p 0 Change: No change
Market closed Prices as at close on 19 June 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:178.00p
Buy:181.50p
Change: No change
Market closed Prices as at close on 19 June 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:178.00p
Buy:181.50p
Change: No change
Market closed Prices as at close on 19 June 2024 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 provide shareholders with capital growth and income predominantly from a portfolio of mining and resource equities and of mining, resource and industrial fixed interest securities. The Company actively invests in global energy and mining companies, with a focus on total return, but it also pays a healthy dividend. The flexible mandate allows the Company to shift its portfolio weighting between energy and mining, with the aim of maximising returns depending on the point in the cycle, whilst providing relative value opportunities.
Security Weight
NexGen Energy Ltd 8.00%
BW LPG Ltd 5.58%
Emerald Resources NL 5.34%
Frontline Plc 4.27%
Transocean Ltd Ordinary CHF0.10 4.19%
Diamondback Energy Inc 4.01%
West African Resources Ltd 3.70%
Vermilion Energy Inc 2.95%
Karora Resources Inc 2.94%
Diversified Energy Company plc ORD GBP0.2 2.93%
Sector Weight
Basic Materials 50.75%
Energy 45.42%
Industrials 6.37%
Consumer Defensive 0.11%
Country Weight
Canada 39.69%
Australia 23.84%
United States 22.77%
Singapore 5.58%
United Kingdom 3.08%
South Africa 3.01%
Brazil 2.36%
Norway 1.91%
Saudi Arabia 0.81%
Netherlands 0.31%

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 with 6 months notice.

Dividend Policy

The Board has announced an annual dividend target of GBX 5.60 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: 106.

Trust Manager

Keith Watson

Manager Bio

Keith is joint Portfolio Manager for Golden Prospect Precious Metals Limited, Geiger Counter Limited, and CQS Natural Resources Growth and Income plc. Keith joined CQS in July 2013 from Mirabaud Securities where he was a Senior Natural Resource Analyst. Prior to Mirabaud, Keith was Director of Mining Research at Evolution Securities. Previous to this, he was a top-ranked business services analyst at Dresdner Kleinwort Wasserstein, Commerzbank and Credit Suisse/BZW. Keith began his career in 1992 as a portfolio manager and research analyst at Scottish Amicable Investment Managers. Keith has a BSc (Hons) in Applied Physics from Durham University.

Board Of Directors

Helen GreenChairman, Christopher Casey, Alun Evans, Carole Cable, Paul Cahill

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'.