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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
GB0005368062

Share price
940.00p
As of 26/03/2020

Estimated NAV
1,003.93p
As of 26/03/2020

Discount / Premium
-6.37%
As of 26/03/2020

Yield
6.38%
As of 26/03/2020

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Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

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

  • Targets income and capital growth through a long list of holdings typically around 120 stocks
  • Bottom-up approach to stock selection that prioritises value and growth potential
  • Typically holds more than 50% in small- and medium-sized companies
Past performance is not a guide to future performance. 
 

ANNOUNCEMENTS

View the latest announcements for this Trust:

London Stock Exchange

PORTFOLIO MANAGEMENT

James Henderson

James Henderson

Director of UK Investment Trusts | Portfolio Manager

Industry since 1982. Joined Firm in 1984.

Laura Foll, CFA

Laura Foll, CFA

Portfolio Manager

Industry since 2009. Joined Firm in 2009.

Performance

Past performance is not a guide to future performance. Performance is shown based on the Share Price and does not include income reinvested.
Discrete Performance (%)
As of 31/12/2019
Price Net Asset Value
 
Quarter End
As of 31/12/2019 		Dec-2018 - Dec-2019 Dec-2017 - Dec-2018 Dec-2016 - Dec-2017 Dec-2015 - Dec-2016 Dec-2014 - Dec-2015
Price 14.21% -11.34% 16.47% 2.47% 10.46%
Net Asset Value 16.94% -15.00% 16.16% 13.56% 3.71%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
Cumulative Performance (%)
As of 26/03/2020
Price Net Asset Value
 
As of 26/03/2020 1MO 3MO YTD 1YR 3YR 5YR
Price -29.85% -34.95% -34.28 -25.87% -27.24% -13.61%
Net Asset Value -31.09% -35.16% -35.47 -27.63% -30.01% -19.50%
© Morningstar 2020. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
02-Apr-20 30-Apr-20 15.00
02-Jan-20 31-Jan-20 15.00
03-Oct-19 31-Oct-19 15.00
04-Jul-19 31-Jul-19 15.00
04-Apr-19 30-Apr-19 14.50
03-Jan-19 31-Jan-19 14.00
04-Oct-18 31-Oct-18 14.00
05-Jul-18 31-Jul-18 13.00
05-Apr-18 30-Apr-18 13.00
04-Jan-18 31-Jan-18 13.00
05-Oct-17 31-Oct-17 12.00
29-Jun-17 28-Jul-17 12.00

Portfolio

Top Holdings (As of 29/02/2020)
% of Fund
Royal Dutch Shell 4.15
GlaxoSmithKline 3.63
Phoenix Group 2.82
HSBC 2.27
Severn Trent 2.25
Hiscox 2.03
Prudential 2.01
National Grid 1.95
Direct Line Insurance Group 1.94
Avon Rubber 1.93
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 29/02/2020)
Financials 35.74
Industrials 26.26
Consumer Services 9.60
Oil & Gas 7.39
Utilities 6.11
Health Care 5.08
Consumer Goods 4.16
Basic Materials 3.78
Telecommunications 1.33
Technology 0.55
Country/Geographic Exposures % OF FUND % OF FUND (As of February 29, 2020)
United Kingdom 96.18
Ireland 2.92
Canada 0.90
France 0.00

Documents

Document View
Lowland Investment Company plc - Annual Report 2019
Lowland Investment Company plc - Annual Report 2018
Lowland Investment Company plc - Annual Report 2017
Lowland Investment Company plc - Annual Report 2016
Lowland Investment Company plc - Annual Report 2015
Lowland Investment Company plc - Annual Report 2014
Lowland Investment Company plc - Annual Report 2013
Lowland Investment Company plc - Annual Report 2012
Lowland Investment Company plc - Annual Report 2011
Lowland Investment Company plc - Annual Report 2010
Lowland Investment Company plc - Factsheet
Lowland Investment Company plc - Portfolio Disclosure
Lowland Investment Company plc - Half Year Report 2019
Lowland Investment Company plc - Half Year Report 2018
Lowland Investment Company plc - Half Year Report 2017
Lowland Investment Company plc - Half Year Report 2016
Lowland Investment Company plc - Half Year Report 2015
Lowland Investment Company plc - Half Year Report 2014
Lowland Investment Company plc - Half Year Report 2013
Lowland Investment Company plc - Half Year Report 2012
Lowland Investment Company plc - Half Year Report 2011
Lowland Investment Company plc - Half Year Report 2010
Lowland Investment Company plc - Half Year Update 2019
Lowland Investment Company plc - Notice of 2020 AGM
Lowland Investment Company plc - Key Information Document
Lowland Investment Company plc - AIFMD Disclosure
Lowland Investment Company plc - Proxy Votes 2020
Lowland Investment Company plc - Form of Proxy 2020
Lowland Investment Company plc - Proxy Votes 2019
Lowland Investment Company plc - Strategic Report 2018

Related Insights

Our intellectual capital is readily available and central to our Knowledge.Shared approach"
Related Insights
Income diversification in the time of coronavirus
March 2020
Investment Team Perspectives Coronavirus Dividends United Kingdom

Income diversification in the time of coronavirus

Laura Foll, UK income equities portfolio manager, highlights the role of diversification in an investing environment of continuing uncertainty.

Read More

Fund manager February commentary – Lowland Investment Company plc

Fund manager February commentary – Lowland Investment Company plc

Fund manager February commentary – Lowland Investment Company plc

Read More

UK equities: diversification is paramount in uncertain times
March 2020
Investment Team Perspectives Coronavirus Dividends UK

UK equities: diversification is paramount in uncertain times

Laura Foll, UK equities portfolio manager, provides an update on the market amid the coronavirus outbreak and oil supply price war, as well as what may be instore for UK income investors.

Read More

  • ​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 is not a guide to future performance.
  • ​You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
  • ​If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • 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.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty. View the portfolio transaction costs across the Henderson UK Fund range.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved, you may wish to consult a financial adviser.

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