For individual investors in the UK

BNKR The Bankers Investment Trust PLC

Since 1888 the Company has sought income and capital growth for shareholders with a globally diversified portfolio.

ISIN
GB00BN4NDR39

Share price
99.30p
As of 23/03/2023

Estimated NAV
109.63p
As of 23/03/2023

Discount / Premium
-9.42%
As of 23/03/2023

Yield
2.34%
As of 23/03/2023

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Overview

INVESTMENT OBJECTIVE

Over the long term, the Company aims to achieve capital growth in excess of the FTSE World Index and dividend growth greater than inflation, as measured by the UK Consumer Prices Index (‘CPI’), by investing in companies listed throughout the world.

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 COMPANY

The Bankers Investment Trust has the flexibility to invest in any geographic region and any sector with no set limits on individual country or sector exposures. The Manager primarily employs a bottom-up stock picking investment process, across six regional portfolios, to identify suitable opportunities. While each regional portfolio manager employs their own investment style, they all pay particular regard to cash generation and dividend growth over the medium term.

The Company can, but normally does not, invest up to 15% of its gross assets in any other investment companies (including listed investment trusts).

The Company can borrow up to 20% of net assets at the time of draw down to make additional investments with the aim of achieving a return that is greater than the cost of the borrowing.

ESG Policy

The Bankers Investment Trust believes that integrating environmental, social and governance or (‘ESG’) factors into the investment decision making and ownership practices is an important element in delivering our investment objective. ESG considerations are a fully integrated component of the investment processes employed by each of the active investment teams. These teams, spanning different geographic markets, operate and are structured in ways that are suited to their respective regions. This means that ESG considerations are embedded in ways that are appropriate to the markets in which the teams invest. They apply their differentiated perspectives, insight and experience to identify sustainable business practices that can generate long-term value. Further information can be found in the Company’s ESG Policy

Why invest in Bankers?

  • A quality long-term savings vehicle delivering Growth and Income from Global Equities
  • A diversified equity portfolio from Janus Henderson Investors regional investment specialists
  • Delivering long-term performance relative to its benchmark
  • 56 consecutive years of dividend increases supported by the investment trust structure
  • Ongoing charge ratio amongst the lowest of actively managed equities funds
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Past performance does not predict future returns. 
 

RATINGS AND AWARDS

The Bankers Investment Trust PLC has been awarded the AIC Dividend Hero award for 56 years of dividend growth.

Find out more about the methodology behind the award here.

Source: AIC, Morningstar calculations, 15/02/2023

Past performance does not predict future returns.

This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. Performance records are detailed on the specific KID, fees and charges may vary and further information can be found in the company’s prospectus and KID which must be reviewed before investing.

Past performance does not predict future returns. 
 

LATEST INSIGHTS

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.

View more Bankers Investment Trust Insights

ANNOUNCEMENTS

View the latest announcements for this Company:

London Stock Exchange

FREQUENTLY ASKED QUESTIONS

Source: Morningstar. Ratings updated quarterly.

PORTFOLIO MANAGEMENT

Alex Crooke

Alex Crooke

Head of Equities – EMEA and Asia Pacific | Portfolio Manager

Industry since 1990. Joined Firm in 1994.

Performance

Past performance does not predict future returns.
Discrete Performance (%)
As of 31/12/2022
Net Asset Value Price
 
Quarter End
As of 31/12/2022 		2021/2022 2020/2021 2019/2020 2018/2019 2017/2018
Net Asset Value -10.55 16.79 12.55 24.73 -7.11
Price -17.75 13.55 13.51 29.88 -9.06
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
© Morningstar 2023. All rights reserved. The Price and Net Asset Value are total returns. YTD returns are calendar year.
Cumulative Performance (%)
As of 28/02/2023
NAV (Net) Price (Net)
 
As of 28/02/2023 1MO 3MO YTD 1YR 3YR 5YR 10YR
NAV (Net) -0.92 1.05 3.70 1.00 28.32 42.44 166.83
Price (Net) -0.78 0.19 3.63 -4.27 20.30 28.87 149.65
Note that any differences among portfolio securities currencies, share class currencies and costs to be paid or represented in currencies other than your home currency will expose you to currency risk.  Costs and returns may increase or decrease as a result of currency and exchange rate fluctuations.
Fund charges will impact the value of your investment. In particular, the ongoing charges applicable to each fund will dilute investment performance, particularly over time.
© Morningstar 2023. All rights reserved. The Price and Net Asset Value total returns.
DIVIDENDS
Ex Dividend Date Pay Date Amount div p/ps
27-Apr-23 31-May-23 0.62
26-Jan-23 28-Feb-23 0.60
27-Oct-22 30-Nov-22 0.60
28-Jul-22 31-Aug-22 0.58
28-Apr-22 31-May-22 0.55
27-Jan-22 28-Feb-22 0.55
28-Oct-21 30-Nov-21 0.55
29-Jul-21 31-Aug-21 0.54
29-Apr-21 28-May-21 0.54
28-Jan-21 26-Feb-21 0.54
22-Oct-20 30-Nov-20 0.54
23-Jul-20 28-Aug-20 0.54

Portfolio

Top Holdings (As of 28/02/2023)
% of Fund
Microsoft 3.05
Apple 2.37
JPMorgan Chase 1.66
Accenture 1.66
Deere 1.27
AstraZeneca 1.25
UnitedHealth Group 1.24
American Express 1.16
KLA 1.15
Visa 1.12
View full holdings
References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.
Sector Allocation % OF FUND % OF FUND (As of 28/02/2023)

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
The Bankers Investment Trust plc
2 Mar 2023
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The Bankers Investment Trust plc

In The Bankers Investment Trust plc AGM presentation, Portfolio Manager Alex Crooke, discusses performance over the last financial year, how the team has been navigating a tricky market environment, and highlights some of the key themes playing out in the portfolio.

27 min read

Where next for global equities?
15 Feb 2023
Investment Insights

Where next for global equities?

Alex Crooke, Portfolio Manager of The Bankers Investment Trust, discusses performance over the last year, how businesses are dealing with higher input costs amid lower consumer spending and dividend sustainability during a period of low growth.

16 min read

Maintaining a defensive tilt
12 Dec 2022
Investment Insights

Maintaining a defensive tilt

Recently commissioned research from Edison outlines why now is the time to consider The Bankers Investment Trust (BNKR).

1 min read

  • ​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.
  • Global portfolios may include some exposure to Emerging Markets, which tend to be less stable than more established markets and can be affected by local political and economic conditions, reliability of trading systems, buying and selling practices and financial reporting standards.
  • Where the Company invests in assets which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
  • This Company 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 Company.
  • Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
  • The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Company.
  • 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 Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result losses (or gains) may be higher or lower than those of the Company's assets.
  • The Company may use gearing as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incured by the Company can be greater than those of a Company that does not use gearing.
  • Derivatives use exposes the Company to risks different from, and potentially greater than, the risks associated with investing directly in securities and may therefore result in additional loss, which could be significantly greater than the cost of the derivative.
  • All or part of the Company's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time.
  • 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 1 March 2021; comparative NAV, share price and dividend figures have, where possible, been adjusted to reflect this, but historic dividends and earnings per share up to 1 March 2021 may reflect the previous position, unless otherwise stated.