|Asset Group||Asset Sub-Group||Investment Category|
|Equities||UK equity income||Income|
Curtis focuses on high-yielding, cash-generative businesses and initiates performance by taking relatively small bets away from the index, rather than aggressive sector and stock positioning.
As head of value and income at Janus Henderson Investors, Curtis looks for companies undervalued on a medium-term basis that he can invest in over the long term. He has, however, been focusing on overseas earners rather than UK domestic names, despite the former’s valuations being higher, given what he views as an unprecedented level of economic uncertainty in the UK.
The portfolio is well diversified with around 100 holdings. The manager likes to run his winners, so portfolio turnover is low. Shares in the trust typically trade at a small premium to net asset value. Investors benefit from the trust’s very low costs. This is one of the largest of the UK equity income trusts with one of the lowest ongoing charge ratios of 0.39%.
Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.
Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab.
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