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FINSBURY GROWTH & INCOME TRUST

Bestinvest LogoAn investment trust aiming to deliver capital & income growth by investing mainly in UK equities.

SELL

833p

BUY

845p

CHARGE PER TRADE

£4.95

TODAY'S CHANGE

1.32%

OCF

0.6%

YIELD

2.2%

1 YEAR
1.97%
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Prices as at 07 Dec 2023.

Fund commentary last updated 14 Mar 2023.

Past performance is not an indication of future performance.

Capital at risk.

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.

Fund summary

SectorUK Equity Income
StructureINVESTMENT TRUST
LaunchedJanuary 1926
Size£1,626m
Yield2.2%
Dividends paidMay, November

Charges

Annual Management Charge0.45%
Ongoing Charges Figure0.6%

Investment Process

Manager Nick Train uses a detailed, bottom-up research process to select highly cash-generative businesses which have a consistency of earnings, are durable and are underappreciated by the market in the short term. Train believes that this durability makes investing in them less risky. He wants companies that can grow over the long-term regardless of the economic cycle, have a high return on equity and low capital intensity. They should also have high cash flow generation that can support sustained dividend growth. He also targets businesses with long histories. Indeed, the portfolio is made up of well-established business with an average age of 150 years and often with large family ownership. The knowledge that these businesses have survived all manner of historic turbulence gives Train confidence that they will continue to prosper and reward investors. Train believes that there are four broad themes within the portfolio that meet all his investment criteria – Digital Winners such as Experian, Luxury Brands including Burberry, Trusted Brands such as Unilever and Market proxies including Schroders. He takes large position sizes, with the top five stocks making up around 50% of the portfolio by value. Its biggest sector exposure is to Consumer Staples followed by Consumer Discretionary and Financials.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning