CITY OF LONDON INVESTMENT TRUST ORD GBP0.25
Symbol: CTY
Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.
Invest in this share within an ISA, JISA, SIPP or Investment Account
Past Performance
- 25th Apr 2019 to 25th Apr 2020-18.11%
- 25th Apr 2020 to 25th Apr 202123.34%
- 25th Apr 2021 to 25th Apr 202211.93%
- 25th Apr 2022 to 25th Apr 20237.76%
- 25th Apr 2023 to 25th Apr 2024-0.24%
Key Information
| Benchmark | N/A |
| Sector | IT UK Equity Income |
| Gearing | 108% |
| Ex-Dividend Date | 25 Apr 2024 |
| Dividend Pay Date | 31 May 2024 |
| Total Dividends - Year to Date | 20.4 |
| Dividend Yield (%) | 4.9575 |
Net Asset Value (Nav)
| Latest actual NAV | 411.00 |
| Latest actual NAV date | 23/04/2024 |
| NAV frequency | Daily |
| Premium/Discount | -2.44% |
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. |
0.9662% |
| Performance Fee | No |
| AMC | 0.325% |
|
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 |
0.9662% | |
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
The City of London Investment Trust PLC is a United Kingdom-based closed-end investment company. The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Company seeks to invest in equities and in debt securities, such as convertibles, corporate bonds or government debt. The Company intends to provide long-term growth in income and capital, principally by investment in United Kingdom equities, with a bias towards large, multinational companies. It invests in various sectors, such as oil, gas and coal; aerospace and defense; banks; personal care, drug and grocery stores; tobacco; media; beverages; pharmaceuticals and biotechnology; life insurance; investment banking and brokerage services; industrial metals and mining, and others. Janus Henderson Group plc acts as the Company's investment manager. Its alternative investment fund manager is Janus Henderson Fund Management UK Limited.
Financial Summary
BRIEF: For the six months ended 31 December 2023, City of London Investment Trust plc revenues increased 89% to £139.1M. Net income increased 98% to £133M. Revenues reflect Net Loss - Fin Instruments Fair Value increase from £29.7M to £92.5M, Income from investments held at increase of 7% to £46.4M, Stock lending revenue increase of 43% to £185K. Dividend per share remained flat at £0.10.
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| 2.62% | 3.66% | 10.24% | -0.24% | 20.32% | 21.53% |
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.
813,610 bytes PDF Document; last updated 29 Feb 2024
104,283 bytes PDF Document; last updated 29 Dec 2023
6,623,825 bytes PDF Document; last updated 29 Sep 2023
384,914 bytes PDF Document; last updated 31 Dec 2023
Management Team
David J Smith Job Curtis
David J Smith
has managed this fund for 2 months.
David Smith is a Portfolio Manager on the Global Equity Income Team at Janus Henderson Investors, a position he has held since 2008. He joined Henderson in 2002, initially working in operations and progressing to the UK Equities Team, and is now part of the Global Equity Income Team.
David graduated with a BSc degree (Hons) in chemistry from Bristol University. He holds the Investment Management Certificate and the Chartered Financial Analyst designation. He has 22 years of financial industry experience.
Manager Cumulative Performance v Peer Group
Other investment trusts managed by
David J
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| Henderson Hi Inc Tst Ord | Co | Jan 2014 |
Job Curtis
has managed this fund for 32 years and 9 months.
Job Curtis is a Portfolio Manager at Janus Henderson Investors, a position he has held since 2006. He has managed the City of London Investment Trust since 1991 and is also co-manager of the Global Equity Income strategy. Job joined Henderson in 1992 following Henderson’s acquisition of Touche Remnant, where he had served as a unit trust and investment trust manager since 1987. Prior to this, he was an assistant fund manager at Cornhill Insurance from 1985 to 1987 and a graduate trainee at Grieveson Grant stockbrokers from 1983 to 1985. Job holds an MA in philosophy, politics and economics from Oxford University. He is an associate member of the Society of Investment Professionals (ASIP) and has 39 years of financial industry experience.
Manager Cumulative Performance v Peer Group
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 | 74.86 | 111.61 | 278.16 | -223.43 | 56.70 | 102.12 |
| Gross profit | 63.83 | 101.24 | 267.89 | -235.13 | 44.42 | 90.46 |
| Operating Profit/Loss | 62.82 | 100.47 | 267.16 | -235.84 | 43.69 | 89.76 |
| Profit Before Tax | 62.82 | 100.47 | 267.16 | -235.84 | 43.69 | 89.76 |
| Profit After Tax | 61.41 | 99.23 | 266.00 | -237.01 | 42.51 | 88.52 |
| Equity Holders of Parent Company | 61.41 | 99.23 | 266.00 | -237.01 | 42.51 | 88.52 |
| 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 | 2,034.65 | 1,923.62 | 1,847.02 | 1,571.37 | 1,721.90 | 1,638.25 |
| Total Current Assets | 10.82 | 11.45 | 10.16 | 5.96 | 14.93 | 14.56 |
| Total Assets | 2,045.47 | 1,935.07 | 1,857.18 | 1,577.33 | 1,736.83 | 1,652.82 |
| Total Liabilities | 129.58 | 138.41 | 129.85 | 145.07 | 141.11 | 131.82 |
| Total Net Assets | 1,915.89 | 1,796.66 | 1,727.33 | 1,432.26 | 1,595.72 | 1,521.00 |
| Shareholders Funds | 1,915.89 | 1,796.66 | 1,727.33 | 1,432.26 | 1,595.72 | 1,521.00 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 1,915.89 | 1,796.66 | 1,727.33 | 1,432.26 | 1,595.72 | 1,521.00 |