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Seneca Global Income & Growth Trust plc

Aim and Overview

The Seneca Global Income & Growth Trust plc is designed for investors who wish to combine the benefits of a quarterly income with long term capital growth. Over a typical investment cycle, the trust will seek to achieve a total return of at least CPI + 6% per annum after costs with low volatility, and with the aim of growing aggregate annual dividends at least in line with inflation through the application of a Multi-Asset Investment Policy. The emphasis is on low volatility with the prospect of income and capital growth, through investing in a multi-asset portfolio.

The trust is managed in keeping with our multi-asset value investing approach. Assets held include UK and overseas equities, fixed interest, specialist investments and property. We believe that our value investing ethos holds out the prospect of superior long term returns.

Risk and Performance Ratings

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FE Crown Fund Ratings do not constitute investment advice offered by FE and should not be used as the sole basis for making any investment decision. All rights reserved.

Seneca Global Income & Growth Trust Performance

Discrete annual performance Trust share price (bid) (%)Trust NAV (%)Benchmark (%)
31/08/20195.96.28.0
31/08/20180.50.28.8
31/08/201719.217.24.3
31/08/201614.013.03.6
31/08/20156.03.03.6

Source: SenecaIM, Bloomberg & Morningstar. Share prices calculated on a total return basis with net dividends reinvested.

NAV returns based on NAVs excluding income and with debt valued at par. Returns do not include current year revenue.

Benchmark: CPI plus 6% from 06.07.17. Previously LIBOR GBP 3 Months plus 3%, all after costs.

Past performance is not a guide to future returns. The value of investments and any income may fluctuate and investors may not get back the full amount invested.

Key Differentiators

The Seneca Global Income & Growth Trust plc is distinctive amongst investment trusts in having a multi-asset value approach to investing. The trust aims to deliver a combination of income and capital growth while maintaining low levels of volatility. To do this it invests across five asset classes; UK and overseas equities, fixed interest and specialists and property.

The trust has a strategic asset allocation designed to ensure that it meets its long term objectives. In addition, the manager uses tactical asset allocation as a means of capitalising on new value opportunities as they appear. The strategic asset allocation is designed to support the long term growth aspiration of the trust. At the same time it means that income, for the trust’s regular quarterly dividend payments, is drawn from a broad range of assets.

In UK equities, the majority of our holdings are from the mid cap arena. We believe that this area offers greater systemic returns. And being less well-researched than the universe of larger stocks, it provides more opportunities and greater scope for us to add value to the portfolio.

In overseas equities we invest in funds managed by third party fund managers. We select managers and funds who share our value investing approach and who are focussed on returns rather than benchmarks. Within the specialist space, we invest in assets which we expect to deliver income which is  more reliable than equities and more able to grow than bonds. Our exposure to fixed interest, following the extended bull market in bonds, is highly selective.

Strategic Asset Allocation

15%

Fixed Income and cash

35%

UK Equities

25%

Specialist Assets

25%

Overseas Equities

Literature and Research

Company Documents and Policies

How To Invest

The Seneca Global Income and Growth Trust is eligible for:

  • General investment accounts (GIA)
  • Individual savings accounts (ISA)
  • Self invested personal pension (SIPP)
  • Other pensions and tax wrappers

The trust is available through a wide range of wraps and platforms and is fully quoted on the London Stock Exchange.

Use the link below for further details.

Where can I invest?

Seneca Investment Growth Trust

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Disclaimer

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These pages are designed for investors who are UK tax residents only and the funds listed may not be suitable for non-UK tax-resident investors.
Please read this page carefully, by proceeding you confirm that you have read and understood the information specified below and access to this website is only granted to users on this condition.

The information in this website does not constitute advice or a personal recommendation and you should not make any investment decisions on the basis of it. It does not take into account the particular investment objectives, financial situations or needs of investors.

The investments on this website constitute Open-ended Investment Companies and Investment Trusts. Their underlying portfolios are comprised of UK and International equities and fixed interest securities including government and corporate bonds, specialist investments including property and unquoted companies and other invested funds. Investors must understand the risks involved, including the risk that the investments may not achieve their investment objectives and you may not get back the original amount invested. For a full description of the risks please refer to the Full Prospectus of the Funds or the latest annual report of the Investment Trust which are available in the Literature section of this website.

Seneca Investment Managers does not provide investment advice to private investors. If you are uncertain whether any of the investments are suitable for your own circumstances please contact a financial adviser before taking any action. If you do not have an adviser, the Financial Conduct Authority provides information on how to find an adviser on their website. Click here.