For individual investors in the UK

LWI Lowland Investment Company plc

A growth and income trust with a diversified portfolio of mainly UK equities and a strong dividend track record

ISIN
GB00BNXGHS27

Share price
124.50p
As of 13/05/2022

Estimated NAV
133.42p
As of 13/05/2022

Discount / Premium
-6.69%
As of 13/05/2022

Yield
4.84%
As of 13/05/2022

Overview

INVESTMENT OBJECTIVE

The Company aims to give shareholders a higher than average return with growth of both capital and income over the medium to long term. The Company’s policy is to invest in a broad spread of predominantly UK companies of differing sizes with normally not more than half by value coming from the largest 100 UK companies and the balance from small and medium sized companies.
The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Potential investors must read the latest annual report and where relevant, the key investor information document before investing. This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS TRUST

  • Investing for the long term across all sizes of British business
  • Seeking to deliver a predictable, growing income for shareholders
  • Integrating environmental, social and governance factors throughout the investment process
Past performance does not predict future returns. 
 

Knowledge Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions. We call this ethos Knowledge Shared.

ANNOUNCEMENTS

  • At the AGM on Wednesday 26 January 2022, all resolutions were passed on a show of hands. The Fund Managers’ presentation will be available to watch online shortly.
  • Following shareholder approval at the Annual General Meeting and regulatory approvals from the Financial Conduct Authority and the London Stock Exchange, a ten for one share split took place on 7 February 2022. All prices will reflect this split from this date. Please read the FAQs in the Documents section below for further information.
  • A final dividend of 15.25p per share (based on current shareholdings) was approved by shareholders, and will be paid on 31 January to shareholders on the register of members on 31 December 2021.
  • View Lowland’s 2021 Annual Results.
  • The latest announcements for this Trust can be found on the London Stock Exchange website.

DIVIDEND HISTORY

Dividends chart_March 2022
  • Pays its dividends quarterly, with each quarterly dividend being maintained or increased since they were introduced in 2013
  • The dividend on an annual basis has been maintained or increased since the Trust was founded
  • Barring adverse circumstances, each quarterly dividend aims to be no less than the previous equivalent

FREQUENTLY ASKED QUESTIONS

PORTFOLIO MANAGEMENT

James Henderson

Director of UK Investment Trusts | Portfolio Manager

Industry since 1982. Joined Firm in 1984.

Laura Foll, CFA

Portfolio Manager

Industry since 2009. Joined Firm in 2009.

Performance

Past performance does not predict future returns.
Discrete Performance (%)
As of 31/03/2022
Net Asset Value Price
 
Quarter End
As of 31/03/2022
2021/2022 2020/2021 2019/2020 2018/2019 2017/2018
Net Asset Value 9.91 47.20 -29.59 -4.76 2.55
Price 14.08 45.86 -29.82 -6.33 6.19
Cumulative Performance (%)
As of 30/04/2022
NAV (Net) Price (Net)
 
As of 30/04/2022 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) -1.56 -4.80 -4.16 1.68 6.37 6.66 106.31
Price (Net) -0.75 -4.63 0.39 3.85 10.93 9.46 111.60
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
31-Mar-22 29-Apr-22 1.53
30-Dec-21 31-Jan-22 1.53
30-Sep-21 29-Oct-21 1.50
01-Jul-21 30-Jul-21 1.50
01-Apr-21 30-Apr-21 1.50
24-Dec-20 29-Jan-21 1.50
01-Oct-20 30-Oct-20 1.50
02-Jul-20 31-Jul-20 1.50
02-Apr-20 30-Apr-20 1.50
02-Jan-20 31-Jan-20 1.50
03-Oct-19 31-Oct-19 1.50
04-Jul-19 31-Jul-19 1.50

Portfolio

Top Holdings (As of 30/04/2022)
% of Fund
Shell 3.62
GlaxoSmithKline 3.12
Severn Trent 2.43
National Grid 2.32
Anglo American 2.30
Direct Line Insurance Group 2.29
BP 2.28
Aviva 2.06
Phoenix Group 2.06
HSBC 2.00
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 30/04/2022)
Country/Geographic Exposures % OF FUND % OF FUND (As of April 30, 2022)

Documents

Document View
  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • If a trust's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio diversified across more countries.
  • Some of the investments in this portfolio are in smaller companies shares. They may be more difficult to buy and sell and their share price may fluctuate more than that of larger companies.
  • This trust is suitable to be used as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this trust.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • The trust could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the trust.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The return on your investment is directly related to the prevailing market price of the trust’s shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the trust. As a result losses (or gains) may be higher or lower than those of the trust’s assets.
  • The trust may use gearing as part of its investment strategy. If the trust utilises its ability to gear, the profits and losses incured by the trust can be greater than those of a trust that does not use gearing.
  • The Company confirms that it currently conducts its affairs so that its ordinary shares of 2.5p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
  • The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions.
  • The Company underwent a 10 for 1 stock split on 7 February 2022; comparative NAV, share price and dividend figures have, where possible, been adjusted to reflect this, but historic dividends and earnings per share up to 7 February 2022 may reflect the previous position, unless otherwise stated.