LWI Lowland Investment Company plc

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


Share price
As of 26/05/2020

Estimated NAV
As of 26/05/2020

Discount / Premium
As of 26/05/2020

As of 26/05/2020

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



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.


  • 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. 

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View the latest announcements for this Trust:

London Stock Exchange


Lowland bar chart (1)
  • 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
  • The dividend has grown at a 10% CAGR (compound annual growth rate) for the last seven years
  • Barring adverse circumstances, each quarterly dividend aims to be no less than the previous equivalent


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.


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 31/03/2020
Price Net Asset Value
Quarter End
As of 31/03/2020
2019/2020 2018/2019 2017/2018 2016/2017 2015/2016
Price -37.10% 2.40% -3.10% 6.30% -6.10%
Net Asset Value -36.63% 5.10% -6.20% 6.25% 0.14%
Cumulative Performance (%)
As of 26/05/2020
Price Net Asset Value
As of 26/05/2020 1MO 3MO YTD 1YR 3YR 5YR 10YR
Price -1.89% -28.95% -33.44% -29.19% -31.95% -18.96% 115.15%
Net Asset Value 2.61% -27.09% -32.27% -26.30% -30.84% -18.03% 109.53%
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


Top Holdings (As of 30/04/2020)
% of Fund
GlaxoSmithKline 4.61
Royal Dutch Shell 3.11
Phoenix Group 3.08
Severn Trent 2.75
National Grid 2.34
Prudential 2.25
RELX 2.20
Direct Line Insurance Group 2.17
HSBC 1.99
Irish Continental Group Plc EUR 1.72
View full holdings
Sector Allocation % OF FUND % OF FUND (As of 30/04/2020)
Financials 34.89
Industrials 24.79
Consumer Services 9.16
Utilities 7.19
Health Care 6.53
Oil & Gas 6.40
Basic Materials 5.08
Consumer Goods 3.87
Telecommunications 1.40
Technology 0.69
Country/Geographic Exposures % OF FUND % OF FUND (As of April 30, 2020)
United Kingdom 95.96
Ireland 3.17
Canada 0.88
France 0.00


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  • ​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.