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Finsbury Growth & Income Trust plc (FGT) Ordinary 25p Shares

Sell:823.00p Buy:825.00p 0 Change: 10.00p (1.20%)
FTSE 250:0.78%
Market closed Prices as at close on 19 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:823.00p
Buy:825.00p
Change: 10.00p (1.20%)
Market closed Prices as at close on 19 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:823.00p
Buy:825.00p
Change: 10.00p (1.20%)
Market closed Prices as at close on 19 July 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

The Company’s investment policy is to invest principally in the securities of companies either listed in the UK or otherwise incorporated, domiciled or having significant business operations within the UK. Up to a maximum of 20% of the Company’s portfolio, at the time of acquisition, can be invested in companies not meeting these criteria.
Sector Weight
Consumer Defensive 32.35%
Industrials 24.58%
Financial Services 22.00%
Technology 11.32%
Consumer Cyclical 5.56%
Communication Services 4.85%
Healthcare 0.00%
Country Weight
United Kingdom 91.69%
United States 4.37%
Netherlands 2.59%
France 2.14%
Japan 0.04%

Fee Structure

Lindsell Train receives a periodic fee at a rate of 0.45% p.a. of the market cap of GBP 1bn, and 0.405% in excess of GBP 1bn up to GBP 2 bn, and 0.36% in excess of GBP 2 bn. The Portfolio Management Agreement may be terminated by either party giving notice of not less than 12 months.

Dividend Policy

The aim of the Company is to increase or at least maintain the total dividend each year. A first interim dividend is typically paid in May and a second interim in November in lieu of a final dividend. The level of dividend growth is dependent upon the growth and performance of the companies within the Investment Portfolio. All dividends have been distributed from current year income and revenue reserves.

ASSET SPLIT

Total number of holdings: 24.

Trust Manager

Nick Train

Manager Bio

Nick co-founded Lindsell Train Limited in 2000. He is the portfolio manager for UK equity portfolios and jointly manages Global portfolios. Nick has over 30 years’ experience in investment management. Before founding Lindsell Train he was head of Global Equities at M&G Investment Management, having joined there in 1998 as a director. Previously he spent 17 years (1981 – 1998) at GT Management which he left soon after its acquisition by Invesco. At his resignation he was a director of GT Management (London), Investment Director of GT Unit Managers and Chief Investment Officer for Pan-Europe. Nick has a BA honours degree in Modern History from Queen’s College, Oxford.

Board Of Directors

Simon HayesChairman, Kate Cornish-Bowden, Lorna Tilbian, Sandra Kelly, James Ashton, Parwinder Purewal

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'.