Lowland Investment Company plc

Ordinary shares Ticker: LWI,  ISIN code: GB0005368062

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.

Overview

  • Up to 50% invested in FTSE 100 companies for stability and income, with the balance in small and medium UK companies for their growth potential.
  • The trust aims to augment returns through the use of gearing.
  • Aims to provide higher-than-average return for investors, with growth of both capital and income over the medium-to-long term

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.

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Ticker: LWIOrdinary shares Currency GBX Price 1,280.00 Estimated NAV Final NAVs are published daily and announced on the London Stock Exchange.1,297.83 Discount/premium -1.37% Yield 3.44% Price date 05/05/2016

Ratings and awards

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses but does not reflect any ongoing charges or other fund expenses.

Discrete performance

PerformanceMar 2015 - Mar 2016Mar 2014 - Mar 2015Mar 2013 - Mar 2014Mar 2012 - Mar 2013Mar 2011 - Mar 2012
NAV-1.90%2.70%21.80%27.40%10.80%
Price2.70%-6.60%25.70%33.40%13.10%
© Morningstar 2016. All rights reserved.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Annual return to 31/03/2016

Cumulative performance

Performance1 Month3 Months6 Months1 Year3 Years5 Years
NAV0.49%7.31%-2.83%-6.51%18.27%63.16%
Price2.89%6.98%-0.59%0.49%16.10%72.70%
© Morningstar 2016. All rights reserved.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Data as at 05/05/2016
Top 10 holdings
Top 10 holdings(%)
Hiscox2.9%
Senior2.7%
Phoenix Group2.6%
Royal Dutch Shell2.5%
Scapa Group2.0%
Irish Continental Group2.0%
HSBC1.9%
BP1.8%
GKN1.7%
Hill & Smith1.7%
Source: BNP ParibasSource: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Data as at 31/03/2016
Geographic breakdown
Geographic breakdown(%)
United Kingdom94.6%
Ireland2.6%
Canada1.8%
Germany0.9%
Australia0.1%
France0.0%
Source: BNP ParibasSource: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Data as at 31/03/2016
Sector breakdown
Sector breakdown(%)
Industrials26.4%
Financials25.0%
Basic Materials13.6%
Consumer Services11.2%
Oil & Gas7.7%
Consumer Goods5.2%
Health Care4.7%
Telecommunications2.4%
Utilities2.4%
Technology1.3%
Source: BNP ParibasSource: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Data as at 31/03/2016
Dividends
Ex dividend datePay dateAmount div p/ps
07/04/201629/04/201611.00
07/01/201629/01/201611.00
08/10/201530/10/201510.00
02/07/201531/07/201510.00
02/04/201530/04/201510.00
08/01/201530/01/201510.00
09/10/201431/10/20149.00
02/07/201431/07/20149.00
02/04/201430/04/20149.00
08/01/201431/01/20149.00
09/10/201331/10/20138.50
03/07/201331/07/20138.50
© Morningstar 2016. All rights reserved.Source: Morningstar, based on market prices at close on the date shown. We are not responsible for the accuracy or completeness of the information supplied by Morningstar. We take care to ensure that the information provided by Morningstar is correct but we neither warrant, represent nor guarantee the contents of the information, nor do we accept any responsibility for errors, inaccuracies, omissions or any inconsistencies therein. Prices may be subject to change, errors and omissions excepted. Data as at 06/05/2016
Please note: For UK tax payers, investment trust dividend distributions are treated as overseas income and paid with a notional tax credit of 10%. UK resident basic rate taxpayers will have no further liability to tax on dividends. UK resident higher rate tax payers or additional rate tax payers will be liable for further tax. Henderson Global Investors does not give tax advice and you should consult an appropriately qualified professional adviser if you are uncertain about your tax position.
Key data
Objective Income & Growth
Asset class Equities
Benchmark FTSE All Share
Sector AIC UK Equity Income
Regional focus United Kingdom
Risk rating Average
Incorporation date September 1960
Total holdings 129
Please note: Risk ratings are provided by Numis. More information on these ratings can be viewed here.
Please note: Total holdings are updated at the end of each calendar month.

Ordinary shares

ISIN code GB0005368062
Ticker LWI
SEDOL number(s) 0536806

Manager(s)

General risks
  • ​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.
Specific risks
  • The trust may use gearing as part of its investment strategy. If the trust utilises its ability gear, the profits and losses incurred by the trust can be greater than those of a trust that does not use gearing.
  • 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.
General information

Before you invest

Announcements

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