CQS NATURAL RES GROWTH & INCOME PLCORD GBP0.25
Symbol: CYN
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Invest in this share within an ISA, JISA, SIPP or Investment Account
Past Performance
- 26th Apr 2019 to 26th Apr 2020-22.01%
- 26th Apr 2020 to 26th Apr 2021132.69%
- 26th Apr 2021 to 26th Apr 202239.28%
- 26th Apr 2022 to 26th Apr 2023-11.07%
- 26th Apr 2023 to 26th Apr 202411.92%
Key Information
| Benchmark | N/A |
| Sector | IT Commodities & Natural Resources |
| Gearing | 110% |
| Ex-Dividend Date | 25 Apr 2024 |
| Dividend Pay Date | 28 May 2024 |
| Total Dividends - Year to Date | 5.6 |
| Dividend Yield (%) | 3.0685 |
Net Asset Value (Nav)
| Latest actual NAV | 214.50 |
| Latest actual NAV date | 24/04/2024 |
| NAV frequency | Daily |
| Premium/Discount | -14.92% |
Charges
|
Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
2.34% |
| Performance Fee | No |
| AMC | 1.20% |
|
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . |
0.35% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here |
0.35% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
2.34% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Company
Business Summary
CQS Natural Resources Growth and Income plc is a United Kingdom-based investment company. The Company's investment objective is to provide shareholders with capital growth and income from a portfolio of mining and resource equities and mining, resource, industrial and other fixed interest securities. The Company invests predominantly in mining and resource equities and mining, resource and industrial fixed interest securities, including, but not limited to, preference shares, loan stocks and corporate bonds, which may be convertible and/or redeemable. The Company may invest in companies regardless of country, sector or size and the Company’s portfolio is constructed without reference to the composition of any stock market index or benchmark. The Company may invest in other sectors, including closed-end investment companies and open-ended collective investment schemes. CQS (UK) LLP (CQS) acts as an investment manager for the Company.
Financial Summary
BRIEF: For the six months ended 31 December 2023, CQS Natural Rsrcs Grwth Inc PLC revenues decreased 75% to £6.2M. Net income decreased 82% to £4.2M. Revenues reflect Realised gains on sale decrease of 85% to £2M, Unrealised losses on investments decrease of 92% to £574K, Preference share dividend income decrease from £714K to £0K. Net income also reflects Other expenses increase of 47% to £525K (expense). Dividend per share remained flat at £0.03.
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| 10.03% | 14.85% | 11.08% | 11.92% | 38.62% | 151.56% |
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
288,054 bytes PDF Document; last updated 31 Jan 2024
169,867 bytes PDF Document; last updated 31 Dec 2023
6,220,824 bytes PDF Document; last updated 30 Jun 2023
1,130,397 bytes PDF Document; last updated 31 Dec 2023
Management Team
Keith Watson Rob Crayfourd Ian Francis
Keith Watson
has managed this fund for 10 years and 4 months.
Keith is joint Portfolio Manager for Golden Prospect Precious Metals Limited, Geiger Counter Limited, New City Energy Limited and City Natural Resources High Yield Trust 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.
Manager Cumulative Performance v Peer Group
Other investment trusts managed by
Keith
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| Geiger Counter Ord | Co | Jun 2013 |
| Gldn PrsPr Mt L O Sh 0.1P | Co | Jan 2014 |
Rob Crayfourd
has managed this fund for 10 years and 4 months.
Rob is joint Portfolio Manager for Golden Prospect Precious Metals Limited, Geiger Counter Limited, New City Energy Limited and City Natural Resources High Yield Trust plc. Rob joined CQS as an Analyst for the New City managed natural resources funds in 2011 and has previously held analyst roles at the Universities Superannuation Scheme and HSBC Global Asset Management where he focused on the resource sector. Robert is a CFA Charterholder and holds a BSc in Geological Sciences from the University of Leeds.
Manager Cumulative Performance v Peer Group
Other investment trusts managed by
Rob
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| Geiger Counter Ord | Co | Feb 2012 |
| Gldn PrsPr Mt L O Sh 0.1P | Co | Feb 2012 |
Ian Francis
has managed this fund for 14 years and 5 months.
Franco is Senior Fund Manager for New City High Yield Fund Limited. He also supports the portfolio management team for City Natural Resource High Yield Trust Plc. New City High Yield Fund in 2010 was winner of the Investment Week’s UK Income Investment Trust of the Year. Joined CQS in 2007 as part of CQS’ acquisition of New City and has more than twenty five years experience in trading and portfolio management. Prior to joining New City in 2007, Ian worked in a variety of roles in convertible bond trading and sales at firms including Collins Stewart Limited, where he was Head of Trading and Convertibles; West LB Panmure as Head of Convertibles, James Capel & Co. and Hoare Govett & Co. Began his career in fund management at Baring Bros. and Phillips & Drew.
Manager Cumulative Performance v Peer Group
Other investment trusts managed by
Ian
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| CQSNwCtyHghYldFdLtd Ord NPV | Sole | Nov 2007 |
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
30/06/2023 |
30/06/2022 |
30/06/2021 |
30/06/2020 |
30/06/2019 |
30/06/2018 |
|---|---|---|---|---|---|---|
| Total Revenue | 9.00 | 26.27 | 55.10 | -6.46 | -10.95 | 14.04 |
| Gross profit | 6.43 | 24.33 | 53.76 | -7.53 | -12.60 | 11.19 |
| Operating Profit/Loss | 5.73 | 23.70 | 53.20 | -8.00 | -13.18 | 10.66 |
| Profit Before Tax | 5.73 | 23.70 | 53.20 | -8.00 | -13.18 | 10.66 |
| Profit After Tax | 5.23 | 23.50 | 53.09 | -8.03 | -13.19 | 10.54 |
| Equity Holders of Parent Company | 5.23 | 23.50 | 53.09 | -8.03 | -13.19 | 10.54 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
30/06/2023 |
30/06/2022 |
30/06/2021 |
30/06/2020 |
30/06/2019 |
30/06/2018 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 149.47 | 146.37 | 129.35 | 76.92 | 87.55 | 123.42 |
| Total Current Assets | 4.11 | 6.21 | 3.36 | 1.43 | 1.88 | 8.40 |
| Total Assets | 153.58 | 152.59 | 132.72 | 78.35 | 89.43 | 131.82 |
| Total Liabilities | 17.02 | 17.52 | 17.40 | 12.37 | 11.68 | 36.61 |
| Total Net Assets | 136.56 | 135.07 | 115.32 | 65.98 | 77.75 | 95.22 |
| Shareholders Funds | 136.56 | 135.07 | 115.32 | 65.98 | 77.75 | 95.22 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 136.56 | 135.07 | 115.32 | 65.98 | 77.75 | 95.22 |