Perpetual-Income-and-Growth-Investment-Trust-plc

Perpetual Income and Growth Investment Trust plc

High conviction UK investing

Please read the Investment Risks and Footnotes at the bottom of the page.

Useful documents

Monthly factsheet (PDF download)

Annual financial report 2019 (PDF download)

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Why consider the Perpetual Income and Growth Investment Trust?

  1. Aims to provide a growing income that outstrips the cost of living
  2. This AIC ‘Dividend Hero’* invests in companies of all sizes across the UK equity market and beyond
  3. Harnessing the best ideas as we aim to deliver long-term income and growth

How we invest

Through a process of active, rigorous stock selection, the investment team focuses on identifying high-quality but undervalued businesses that can be bought and held for the long term.

The portfolio manager looks for companies that can pay out strong and growing dividends, as this is a primary indicator of long-term returns.

Historically, although this approach requires time to deliver, results have shown it’s worth the wait.

Insights

UK Equities (equity income) - 2020 outlook

The past few years have been dominated by domestic political uncertainty, which has proven especially difficult to navigate. Mark Barnett discusses why 2020 has all the promise of being a good year for UK equities.

Read article
Mark Barnett

Key facts

Launch date:   21 March 1996
Fund manager:   Mark Barnett
ISIN:   GB0006798424
AIC sector:   UK Equity Income

Performance

Standardised rolling 12-month performance (% growth)

  2015 2016 2017 2018 2019
Ordinary Share Price 8.0 -7.6 7.2 -15.2 13.5
Net Asset Value 8.6 1.3 8.8 -13..7 12.5
FTSE All-Share Index 1.0 16.8 13.1 -9.5 19.2

Past performance is not a guide to future returns. Ordinary share price performance figures have been calculated using daily closing prices with dividends reinvested. NAV performance figures have been calculated using daily NAV with dividends reinvested. The NAV used includes current period revenue and values debt at fair. The FTSE All-Share Index performance shown is total return. All performance figures are in sterling as at 31 December. Years stated above refer to the full calendar year. Standardised past performance figures are updated on a quarterly basis. Source: Morningstar.

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Financial reports

PDF downloads

Annual 2019 2018 2017 2016 2015

 

2014 2013 2012 2011 2010
Half-yearly 2019 2018 2017 2016 2015

 

2014 2013 2012 2011 2010

Board and Committee documents

Investment objective

The Company’s investment objective is to provide shareholders with capital growth and real growth in dividends over the medium to longer term from a portfolio of securities listed mainly in the UK equity market.

Further details of the Company’s Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company’s Annual Financial Report.

Company directors

  • Richard Laing (Chairman)
  • Alan Giles (Senior independent director)
  • Bob Yerbury
  • Victoria Cochrane
  • Michael Balfour
  • Georgina Field
  • Paul Griggs (Company secretarial contact)

Contact the Board of Directors

Should you wish to contact a member of the Board of Directors, please email the Company Secretary.

When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. Our Trust privacy policy explains how we use and protect your personal data.

Footnotes

  • Total Assets: The value of all assets held, less current liabilities, including income for the current year.
  • Dividend Yield: The total declared and prospective dividends for the current financial year, expressed as a percentage of the trust’s value calculated at the last close price. The yield is indicative only and is not guaranteed.
  • Estimated NAV: The net asset value is the value of the company’s assets, less any liabilities.
  • Discount: The amount, expressed as a percentage by which the share price is less than the net asset value per share. Premium: The amount, expressed as a percentage, by which the share price is more than the net asset value per share.
  • Figures are subject to rounding.
  • * Awarded by the AIC to companies that have increased their dividends each year for 20 or more years.

Investment Risks

  • The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
  • When making an investment in an Investment Trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an Investment Trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares.
  • The product may use derivatives for efficient portfolio management which could result in increased volatility in the NAV.
  • The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
  • The product invests in smaller companies which may result in a higher level of risk than a product that invests in larger companies. Securities of smaller companies may be subject to abrupt price movements and may be less liquid, which may mean they are not easy to buy or sell.

Important information

  • Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. This marketing material is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.
  • For more information on our products, please refer to the relevant Key Information Document (KID), Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. This information is available in the literature section.