The Schroder Income Growth Fund plc is a London listed invesrment trust.
The Schroder Income Growth Fund aims to achieve income growth in excess of inflation and capital growth as a result of that rising income. SCF has grown its dividend for 29 consecutive years, since it was launched in 1995.
The CEO of Norges Bank Investment Management, the world’s biggest single owner of public equities, says a fund of its size needs to be widely diversified across asset classes, because tactical asset allocation would be “very, very tough.” Nicolai Tangen, who runs the $1.8 trillion sovereign wealth fund, also talks about his investment concerns and AI. Tangen speaks on “The David Rubenstein Show: Peer-to-Peer Conversations.” This interview was recorded January 22 at the Bloomberg House in Davos.
The Standard Life Active Higher Interest Pension fund aims to provide higher returns than Money Market funds. It does this by investing not only in bank and building society deposits but also in a variety of other instruments including Certificates of Deposits (CDs), Commercial Paper, Covered Bonds, Fixed and Floating Rate Medium Term Notes (MTN), Asset Backed Securities (ABS) and Residential Mortgage Backed Securities (RMBS) where, when purchased, repayment is typically expected within 5 years
Top Holdings Fund (%)
SUMITOMO MITSUI TRUST BANK LTD (LONDON) 8.6% of the fund CREDIT AGRICOLE CORP INV BANK 8.5% of the fund DZ BANK 8.5% of the fund MUFG BANK LTD (TOKYO) 8.5% of the fund RABOBANK INTERNATIONAL 8.5% of the fund SMBC EUROPE LONDON 8.5% of the fund MIZUHO BANK 8.5% of the fund KBC BANK NV, LONDON BRANCH 5.4% of the fund THE TORONTO-DOMINION BANK 4.8% of the fund BARCLAYS BANK PLC 2.5% of the fund
ASML Holding N.V. (commonly shortened to ASML, originally standing for Advanced Semiconductor Materials Lithography) is a Dutch multinational corporation founded in 1984. ASML specializes in the development and manufacturing of photolithography machines which are used to produce computer chips.
Alliance Witan aims to be a core equity holding for investors that delivers a real return over the long term through a combination of capital growth and a rising dividend. The Company invests primarily in global equities across a wide range of industries and sectors to achieve its objective. Formed from the merger of Witan and Alliance
Total Assets: £5,670.0m Shares in Issue: 400,191,982
The top 20 Holdings
Microsoft £190.1m 3.4% of the fund Amazon £189.9m 3.3% of the fund Visa £161.4m 2.8% of the fund Meta Platforms £109.3m 1.9% of the fund Alphabet £87.7m 1.5% of the fund Diageo £87.0m 1.5% of the fund Aon £85.2m 1.5% of the fund Netflix £82.5m 1.5% of the fund Eli Lilly £76.9m 1.4% of the fund UnitedHealth Group £75.4m 1.3% of the fund Mastercard £67.0m 1.2% of the fund Taiwan Semiconductor £63.6m 1.1% of the fund Safran £62.9m 1.1% of the fund Philip Morris Intl £61.1m 1.1% of the fund Petrobras £57.8m 1.0% of the fund NVIDIA £57.7m 1.0% of the fund HDFC Bank £57.1m 1.0% of the fund Unilever £55.4m 1.0% of the fund Mercadolibre £52.5m 0.9% of the fund Airbus £50.3m 0.9% of the fund
Top 10 holdings 20.1% Top 20 holdings 30.4%
It today pays 6.73p a share for its March 2025 dividend
Premier Miton Global Renewables Trust PLC announces that at close of business on 28 February 2025 its investments were as follows:
Company
% of total net assets
Greencoat UK Wind
7.0%
Clearway Energy A Class
6.5%
SSE
6.0%
Northland Power
5.5%
Octopus Renewables Infrastructure Trust
5.3%
Drax Group
5.1%
Bonheur
5.1%
Grenergy Renovables
5.0%
RWE
4.9%
NextEnergy Solar Fund
4.4%
National Grid
3.9%
Gore Street Energy Storage Fund
3.9%
Foresight Solar Fund
3.7%
Cadeler
3.6%
AES
2.6%
SDCL Energy Efficiency Income Trust
2.4%
Enefit Green
2.3%
Aquila European Renewables Income Fund
2.2%
Harmony Energy Income Trust
2.0%
GCP Infrastructure Investments
1.9%
Greencoat Renewable
1.8%
Fastned
1.7%
Corporacion Acciona Energias Renovables
1.7%
Polaris Renewable Energy
1.4%
Orsted
1.2%
MPC Energy Solutions
0.9%
7C Solarparken
0.9%
VH Global Sustainable Energy Opportunities
0.8%
Serena Energia
0.8%
Scatec Solar
0.6%
Boralex
0.5%
US Solar Fund
0.4%
Westbridge Renewable Energy
0.3%
Cloudberry Clean Energy
0.2%
Cash/Net Current Assets
3.4%
Courtesy of The London Stock Exchange
At close of business on 28 February 2025 the total net assets of Premier Miton Global Renewables Trust PLC amounted to £35.6 million. The sector breakdown and geographical allocation were as follows:
The L&G Energy Transition Commodities UCITS ETF The L&G Energy Transition Commodities UCITS ETF aims to track the performance of the Solactive Energy Transition Commodity TR Index
This ETF is designed for investors: (1) looking to grow their money in an investment which can form part of their existing savings portfolio; and (2) familiar with commodity futures contracts and the particular features of the Index, including spot, roll and collateral return.
The L&G Global Equity Fixed Weights (50:50) Index Pension Fund is an investment fund with £3,184.0m assets under management.
The investment objective of the fund is to provide diversified exposure to UK and overseas equity markets. The fund will invest 50% in the UK and 50% overseas. The fund’s overseas asset distribution is fixed with 17.5% in North America, 17.5% in Europe (ex UK), 8.75% in Japan and 6.25% in Asia Pacific (ex Japan).
Top Holdings:-
ASTRAZENECA 3.6% of the fund SHELL 3.2% of the fund HSBC HOLDINGS 2.6% of the fund UNILEVER 2.5% of the fund RELX GROUP 1.4% of the fund BP 1.3% of the fund GSK 1.3% of the f% of the fund RIO TINTO 1.2% of the fund DIAGEO 1.2% of the fund APPLE 1.2% of the fund
BAE Systems, provide some of the world’s most advanced, technology-led defence, aerospace and security solutions. They employ a skilled workforce of around 107,000 people in more than 40 countries. Working with customers and local partners, they develop, engineer, manufacture, and support products and systems to deliver military capability, protect national security and people, and keep critical information and infrastructure secure
The Legal & General Cash Trust is a fund investing in near cash securities.
This fund is designed for investors looking to preserve their money from an investment in deposits and short term instruments.
Top Ten Holdings:-
KBC Bank 4.7% of the fund DZ Bank 4.7% of the fund Nationwide Building Society 4.7% of the fund Mizuho Bank 4.4% of the fund Rabobank 4.4% of the fund Credit Agricole 4.0% of the fund Goldman Sachs 4.0% of the fund Sumitomo Mitsui Trust Bank 3.9% of the fund National Bank of Canada 3.9% of the fund BNP Paribas 3.7% of the fund
Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Now we are in a post Covid 19 world. UK’s HM Government needs to fund many new demands. https://www.dmo.gov.uk
Another deficit month, thus to bridge the gap, needs to borrow on the bond market in February 2025, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were “only” 10 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
27-Feb-2025 4 3/8% Treasury Gilt 2040 £3,092.07 Million 25-Feb-2025 1 1/8% Index-linked Treasury Gilt 2035 £1,914.91 Million 19-Feb-2025 4 3/8% Treasury Gilt 2028 4,250.00 £4,259.70 Million 18-Feb-2025 4% Treasury Gilt 2063 £1,726.72 Million 12-Feb-2025 0 5/8% Index-linked Treasury Gilt 2045 £874.09 Million 05-Feb-2025 1½% Green Gilt 2053 £947.37 Million 04-Feb-2025 4 3/8% Treasury Gilt 2030 £5,335.55 Million
£3,092.07 Million + £1,914.91 Million + £4,259.70 Million + £1,726.72 Million + £874.09 Million + £947.37 Million + £5,335.55 Million = £18,150.41 Million
£18,150.41 Million = £18.15041 Billion
On another way of looking at it, is in the 28 days Feb 2025, HM Government borrowed:- £648.2289286 Million each day for the 28 days.
We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from 2028 to 2063. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“
The L&G Cyber Security Innovation UCITS ETF aims to provide exposure to companies engaged in the cyber security industry.
Fund size $15.8m
Top 10 constituents (%) IonQ 12.4% of the fund Fortinet 3.7% of the fund Broadcom 3.5% of the fund CrowdStrike 3.4% of the fund eMemory Technology 3.3% of the fund Cloudflare 3.2% of the fund A10 Networks 3.2% of the fund CyberArk 2.9% of the fund Arista Networks 2.9% of the fund F7 2.9% of the fund
Top 10 constituents 41.6% of the fund Rest of Index 58.4% of the fund Number of constituents in Index 36
Courtesy of Legal and General Investment Management
The Company aims to provide superior total returns and outperform the MSCI All Country World Index over the long-term by investing in companies based around the world.
Assets of £3044.2m
Top 10 Sector % of assets Microsoft Technology Software 6.7% of the fund Amazon.Com Media 6.7% of the fund Nvidia Technology – Semi & Hardware 5.1% of the fund Meta Platforms Media 3.7% of the fund LVMH Retail 3.5% of the fund TSMC Technology – Semi & Hardware 3.1% of the fund Mastercard Financial Services 2.5% of the fund UnitedHealth Health Services & Systems 2.2% of the fund Exxon Mobil Energy 2.1% of the fund Otis Worldwide Industrial Cyclicals 2.1% of the fund
The Henderson International Income Trust is a London listed investment trust.
Total assets £395.39M
Share price of 168.00p Estimated Net Asset Vale 189.01p Discount / Premium of -11.12% Yield 4.43%
Top 10 holdings (%) Microsoft 4.7% of the trust Home Depot 3.0% of the trust Taiwan Semiconductor Manufacturing 2.9% of the trust Sony Group 2.9% of the trust CME Group 2.7% of the trust nVent Electric 2.7% of the trust Coca-Cola 2.6% of the trust Nordea Bank 2.5% of the trust Honeywell International 2.3% of the trust American Tower 2.2% of the trust
USDV is an ETF that holds high quality US stocks that pay healthy dividends
Top Ten holdings:-
1 CHEVRON CORP ORD 2.24% of the fund 2 REALTY INCOME CORP ORD 2.21% of the fund 3 XCEL ENERGY INC ORD 1.83% of the fund 4 EDISON INTERNATIONAL ORD 1.75% of the fund 5 WEC ENERGY GROUP INC ORD 1.73% of the fund 6 KENVUE INC ORD 1.73% of the fund 7 KIMBERLY-CLARK CORP ORD 1.72% of the fund 8 INTERNATIONAL BUSINESS MACHINES CORP ORD 1.60% of the fund 9 ABBVIE INC ORD 1.54% of the fund 10 ARCHER-DANIELS-MIDLAND CO ORD 1.54% of the fund
The FTSE All-World High Dividend Yield UCITS ETF (VHYG) is a Vanguard ETF owning shares in high dividend companies.
Number of stocks 2,135 Total assets $815.1 Million
This ETF tracks the FTSE All-World High Dividend Yield Index
Top ten holdings:-
JPMorgan Chase & Co 2.28% of the fund Exxon Mobil Corp 1.68% of the fund Home Depot Inc/The 1.35% of the fund Procter & Gamble Co/The 1.35% of the fund Johnson & Johnson 1.19% of the fund AbbVie Inc 1.03% of the fund Bank of America Corp 1.02% of the fund Chevron Corp 0.89% of the fund Wells Fargo & Co 0.85% of the fund Merck & Co Inc 0.82% of the fund
The M&G Managed Growth Fund is a fund of funds, that invests in other M&G Funds.
At least 70% of the fund is invested in other funds to give exposure to a range of assets from anywhere in the world. The fund may also invest directly in these assets and use derivatives. In aggregate, at least 70% of the fund’s assets will be invested in company shares, either directly or via other funds.
The M&G Global AI Themes Fund is a relatively new fund that seeks to identify opportunities where artificial intelligence (AI) is emerging as a potential driver to long-term revenue growth or profit margin expansion. They look for innovations through provision or adoption of Al, which they expect will cause changes in the way existing markets or businesses operate. At least 80% of the fund is invested in the shares of companies in the following three categories: AI Enablers (providing key underlying AI technology), AI Providers (supplying AI services to end users) and AI Beneficiaries (companies that meaningfully benefit from using AI).
The voting rights attaching to the Unilever Group Shares are not exercisable. Accordingly, as at 29 November 2024, there were 2,475,572,871 shares with voting rights.
Thus:-
2,475,572,871 x £0.3663 = £906,802,342.6473
That is £906 million paid to shareholders in Unilever PLC.
Suddenly, something has happened to me As I was having my cup of tea Suddenly, I was feeling depressed I was utterly and totally stressed Do you know you made me cry? (Woah-oh) Do you know you made me die?
And the thing that gets to me (thing that gets to me) Is you’ll never really see (never really see) And the thing that freaks me out (thing that freaks me out) Is I’ll always be in doubt (always be in)
It is the lovely thing that we have It is the lovely thing that we It is the lovely thing The animal, the animal instinct
So take my hands and come with me We will change reality So take my hands and we will pray They won’t take you away They will never make me cry, no-oh They will never make me die
And the thing that gets to me (thing that gets to me) Is you’ll never really see (never really see) And the thing that freaks me out (thing that freaks me out) Is I’ll always be in doubt (always be in)
The animal, the animal The animal instinct in me It’s the animal, the animal The animal instinct in me It’s the animal, it’s the animal It’s the animal instinct in me It’s the animal, it’s the animal It’s the animal instinct in me
“That Terminator is out there. It can’t be bargained with. It can’t be reasoned with. It doesn’t feel pity, or remorse, or fear. And it absolutely will not stop, EVER, until you are DEAD.” ~ Sergeant Kyle Reese, 1984
The Sprott Uranium Miners UCITS ETF is an ETF investing in uranium miners.
The Uranium Miners ETF (URNM) seeks to provide investors with a way to invest in the growth of nuclear power through exposure to uranium miners. This comprises companies involved in the uranium industry, spanning the mining, exploration, development and production of uranium. The uranium miners ETF is also permitted to invest in entities that hold physical uranium, uranium royalties or other non-mining assets.
CAMECO CORP COMMON STOCK 17.57% of the fund NAC KAZATOMPROM JSC GDR 15.15% of the fund SPROTT PHYSICAL URANIUM 11.82% of the fund URANIUM ENERGY CORP 6.05% of the fund DENISON MINES CORP COMMON 5.62% of the fund NEXGEN ENERGY LTD COMMON 5.35% of the fund CGN MINING CO LTD COMMON 5.33% of the fund ENERGY FUELS INC/CANADA 4.33% of the fund YELLOW CAKE PLC COMMON 3.88% of the fund PALADIN ENERGY LTD COMMON 3.36% of the fund
Share Price = 567.00p NAV at Fair = 660.60p Premium / Discount (+/-) at Fair -14.2%
Thus buying 660p for 567p
Top Ten assets:-
1 TSMC 9.6% of the fund 2 Samsung Electronics 6.5% of the fund 3 Tencent 4.8% of the fund 4 Bytedance Ltd. 3.2% of the fund 5 Zijin Mining 3.1% of the fund 6 Daily Hunt 3.0% of the fund 7 PDD Holdings 2.6% of the fund 8 Sea Limited 2.6% of the fund 9 Delhivery 2.6% of the fund 10 Equinox India Developments Ltd 2.6% of the fund
UK Government Debt Interest on the cumulative national debt for 2024-25 will be £89 Billion, money that can NOT be used for public services such as the NHS, our brave armed forces, our brave police, fire services, ambulance crews, teachers, courts, etc etc
Courtesy of The Treasury and The Office of Budget Responsibility
In 2024-25, HM Government faces a short fall of £127 billion so will borrow it.
Courtesy of The Treasury and The Office of Budget Responsibility
Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Now we are in a post Covid 19 world. UK’s HM Government needs to fund many new demands. https://www.dmo.gov.uk
Another deficit month, thus to bridge the gap, needs to borrow on the bond market in October 2024, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were “only” 10 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
31-Oct-2024 1½% Green Gilt 2053 £2,250.0000 Million 29-Oct-2024 4 1/8% Treasury Gilt 2029 £4,000.0000 Million 23-Oct-2024 3¾% Treasury Gilt 2027 £4,787.2730 Million 22-Oct-2024 0 5/8% Index-linked Treasury Gilt 2045 £1,084.8490 Million 16-Oct-2024 4% Treasury Gilt 2031 £4,374.9990 Million 15-Oct-2024 4 3/8% Treasury Gilt 2054 £2,812.4990 Million 09-Oct-2024 4¼% Treasury Gilt 2034 £3,768.7500 Million 08-Oct-2024 0 1/8% Index-linked Treasury Gilt 2039 £1,151.6210 Million 02-Oct-2024 4 1/8% Treasury Gilt 2029 £4,020.0000 Million 01-Oct-2024 4¾% Treasury Gilt 2043 £2,812.4980 Million
£2,250.0000 Million + £4,000.0000 Million + £4,787.2730 Million + £1,084.8490 Million + £4,374.9990 Million + £2,812.4990 Million + £3,768.7500 Million + £1,151.6210 Million + £4,020.0000 Million + £2,812.4980 Million = £31,062.49 Million
£31,062.49 Million = £31.062 Billion
On another way of looking at it, is in the 31 days October 2024, HM Government borrowed:- £1002.015774 Million (£1.002 Billion) each day for the 31 days.
We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from 2027 to 2054. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“
Michael Gitlin is President and CEO of Capital Group, the investment behemoth that manages $2.7 trillion and is one of the oldest and largest money managers in the USA.
“The idea that a bell rings to signal when to get into or out of the stock market is simply not credible. After nearly fifty years in this business, I don’t know anybody who has done it successfully and consistently. I don’t even know anybody who knows anybody who has.“
‘Twas in another lifetime, one of toil and blood When blackness was a virtue the road was full of mud I came in from the wilderness, a creature void of form Come in, she said I’ll give ya shelter from the storm
And if I pass this way again, you can rest assured I’ll always do my best for her, on that I give my word In a world of steel-eyed death, and men who are fighting to be warm Come in, she said I’ll give ya shelter from the storm
Not a word was spoke between us, there was little risk involved Everything up to that point had been left unresolved Try imagining a place where it’s always safe and warm Come in, she said I’ll give ya shelter from the storm
I was burned out from exhaustion, buried in the hail Poisoned in the bushes an’ blown out on the trail Hunted like a crocodile, ravaged in the corn Come in, she said I’ll give ya shelter from the storm
Suddenly I turned around and she was standin’ there With silver bracelets on her wrists and flowers in her hair She walked up to me so gracefully and took my crown of thorns Come in, she said I’ll give ya shelter from the storm
Now there’s a wall between us, somethin’ there’s been lost I took too much for granted, I got my signals crossed Just to think that it all began on an uneventful morn Come in, she said I’ll give ya shelter from the storm
Well, the deputy walks on hard nails and the preacher rides a mount But nothing really matters much, it’s doom alone that counts And the one-eyed undertaker, he blows a futile horn Come in, she said I’ll give ya shelter from the storm
I’ve heard newborn babies wailin’ like a mournin’ dove And old men with broken teeth stranded without love Do I understand your question, man, is it hopeless and forlorn Come in, she said I’ll give ya shelter from the storm
In a little hilltop village, they gambled for my clothes I bargained for salvation and she gave me a lethal dose I offered up my innocence I got repaid with scorn Come in, she said I’ll give ya shelter from the storm
Well, I’m livin’ in a foreign country but I’m bound to cross the line Beauty walks a razor’s edge, someday I’ll make it mine If I could only turn back the clock to when God and her were born Come in, she said I’ll give ya shelter from the storm
iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc) is a fund that invests equally in the S&P500 Index.
The fund aims to achieve a return on investment, through capital and income returns on its assets, which reflects the return of the S&P 500 Equal Weight Index
It gives investors:-
Provides exposure to 500 stocks from top US companies in leading industries of the US economy The Index measures the performance of securities within the S&P 500 Index (Parent Index) with each security being equally weighted within the Index at the rebalance date Exposure to companies in the S&P 500 with a greater weighting in the smaller market capitalization companies
What this actually means is that these seven companies are now so valuable that they make up a combined 35.5% of the S&P 500.
Thus the index of 500 companies is 35.5% dominated by the 7 technology titans.
Thus, the risk is that The Magnificent Seven are so valuable that they can single-handedly spark a so-called correction in the S&P 500. A correction is a fall of 10% to 20% in a major market index, so an average decline of 28% in the Magnificent Seven could put the S&P 500 in correction territory
Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Now we are in a post Covid 19 world. UK’s HM Government needs to fund many new demands. https://www.dmo.gov.uk
Another deficit month, thus to bridge the gap, needs to borrow on the bond market in August 2024, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were “only” 7 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
25-Sep-2024 4% Treasury Gilt 2031 3,750.00 £3,750.0000 Million 24-Sep-2024 0¾% Index-linked Treasury Gilt 2033 £1,500.00 Million 18-Sep-2024 0 7/8% Green Gilt 2033 £2,750.00 Million 17-Sep-2024 4 3/8% Treasury Gilt 2054 £2,250.00 Million 11-Sep-2024 4¼% Treasury Gilt 2034 £3,750.00 Million 10-Sep-2024 0 5/8% Index-linked Treasury Gilt 2045 £900.00 Million 05-Sep-2024 4 1/8% Treasury Gilt 2029 £4,000.00 Million
3,750.0000 Million + 1,500.00 Million + 2,750.0000 Million + 3,750.00 Million + 900.00 Million + 4,000 Million = £18,900 Million
£18,900 Million = £18.9 Billion
On another way of looking at it, is in the 30 days Sept 2024, HM Government borrowed:- £630 Million each day for the 30 days.
We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from 2029 to 2054. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“
Today, Thursday 17th Oct 2024, Aviva PLC one of the UK largest casualty and life insurers and money managers (Aviva Investors) pays out its October 2024 dividend.
The L&G Energy Transition Commodities UCITS ETF aims to track the performance of the Solactive Energy Transition Commodity TR Index
Its objective is to give investors:-
Transition metals exposure Futures on transition metals, which are used in clean energy generation, storage and distribution equipment.
Transition energy exposure Futures on transition energy, which emits less carbon than most other fossil fuels and can help overcome peak energy demand and the challenge of ‘hard to abate’ sectors.
Carbon exposure Allocation to an exchange listed certificate (the “Certificate”) which provides exposure to an index of global carbon futures. Carbon pricing makes polluting less profitable and incentivises the switch to low- and no-carbon activities.
Courtesy of Legal and General Investment Management
The aim of the abrdn Sustainable Index World Equity Fund is to generate growth over the long term (5 years or more) by tracking the return of the MSCI World Select ESG Climate Solutions Target Index.
Underlying Fund Launch Date 12/11/2020 Underlying Fund Size (28/06/2024) £2,667.6m
Top 10 Holdings
MICROSOFT CORP 5.5% of the fund NVIDIA CORP 5.3% of the fund APPLE INC 4.2% of the fund ALPHABET INC 2.8% of the fund AMAZON.COM INC 2.5% of the fund ELI LILLY & CO 1.3% of the fund COCA-COLA CO/THE 1.2% of the fund META PLATFORMS INC 1.0% of the fund TRANE TECHNOLOGIES PLC 1.0% of the fund NOVO NORDISK A/S 0.9% of the fund
1 SAMSARA INC ORD 2.57% of the fund 2 PALO ALTO NETWORKS INC ORD 2.41% of the fund 3 CLOUDFLARE INC ORD 2.35% of the fund 4 SERVICENOW INC ORD 2.34% of the fund 5 AUTODESK INC ORD 2.33% of the fund 6 MICROSOFT CORP ORD 2.25% of the fund 7 ARISTA NETWORKS INC ORD 2.24% of the fund 8 NVIDIA CORP ORD 2.21% of the fund 9 RAPID7 INC ORD 2.15% of the fund 10 COGNEX CORP ORD 2.14% of the fund
The Vanguard Target Retirement 2035 Fund The Fund’s investment objective is to achieve an increase in value and, consistent with a gradually changing asset allocation, hold investments that will pay out money for investors planning to retire in or within approximately five years after 2035. The Fund’s asset allocation will become more conservative as 2035 is approached and passed, moving from higher risk (such as shares) to mainly lower risk (such as bonds) investments. The Fund seeks to achieve its investment objective by investing more than 90% of its assets in passive funds that track an index
It is a fund of funds:-
Vanguard Global Bond Index Fund GBP Hedged Acc 19.3% of the fund Vanguard FTSE Developed World ex-U.K. Equity Index Fund GBP Acc 19.0% of the fund Vanguard U.S. Equity Index Fund GBP Acc 14.9% of the fund Vanguard FTSE U.K. All Share Index Unit Trust GBP Acc 12.8% of the fund Vanguard U.K. Government Bond Index Fund GBP Acc 6.6% of the fund Vanguard Emerging Markets Stock Index Fund GBP Acc 4.9% of the fund Vanguard FTSE North America UCITS ETF (USD) Accumulating 4.4% of the fund Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating 4.4% of the fund Vanguard FTSE 100 UCITS ETF (GBP) Accumulating 3.8% of the fund Vanguard U.K. Investment Grade Bond Index Fund GBP Acc 3.6% of the fund Vanguard FTSE Developed Europe ex-U.K. Equity Index Fund GBP Acc 3.5% of the fund Vanguard Japan Stock Index Fund GBP Acc 1.8% of the fund Vanguard Pacific ex-Japan Stock Index Fund GBP Acc 0.8% of the fund
Cash Provided by or Used in Financing Activities from Continuing Operations In 2023, cash used in financing activities totaled $15,614 Million and was comprised of debt issuances and repayments, payments of dividends, issuances and repurchase of preferred interests in subsidiaries and vendor financing payments….
Yes that is $15.614 billion used as interest payments, dividends and other financings costs….
UK general government gross debt was £2,720.8 billion at the end of Quarter 4 (Oct to Dec) 2023, equivalent to 101.3% of gross domestic product (GDP). UK general government gross debt is mainly made up of medium and long-term bonds (Gilts), issued by HM Treasury.
Courtesy of the UK Office for National Statistics
The £2720.8 Billion is made up of Bills & Short Term loads, Loans, Currency & Deposits and then the bulk is Medium and Long Term Bonds (Gilts)
in 2023-24, the UK Government paid out £104.7 Billion in Interest Payments on the national debt. Money that is simply paid to the UK Government lenders (creditors), cash that can not be used for public services such as Schools, Universities, Armed Forces, Police, Fire Service, The National Health Service, it is pure financing costs.
Courtesy of HM Treasury & The Office of Budget Responsibility.
In 2024-25 UK Government is forecast to pay out £89 Billion in interest payments to the lenders to the UK Government debt. This is purely the interest on the £2000 Billion of national debt, again cash that can not be used for public services such as Schools, Universities, Armed Forces, Police, Fire Service, The National Health Service, it is pure financing costs.
Courtesy of HM Treasury & The Office of Budget Responsibility.
Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Now we are in a post Covid 19 world. UK’s HM Government needs to fund many new demands. https://www.dmo.gov.uk
Another deficit month, thus to bridge the gap, needs to borrow on the bond market in August 2024, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were “only” 5 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
28-Aug-2024 0¾% Index-linked Treasury Gilt 2033 3 months 1,547.3750 Million 21-Aug-2024 3¾% Treasury Gilt 2027 4,000.9820 Million 13-Aug-2024 3¾% Treasury Gilt 2038 3,749.9970 Million 07-Aug-2024 4 1/8% Treasury Gilt 2029 4,020.2500 Million 06-Aug-2024 4¾% Treasury Gilt 2043 2,499.9990 Million
£1,547.3750 Million + £4,000.9820 Million + £3,749.9970 Million + £4,020.2500 Million + £2,499.9990 Million = £15,818.603 Million
£15,818.603 Million = £15.818603 Billion
On another way of looking at it, is in the 31 days in August 2024, HM Government borrowed:- £510.27751612903225806451612903226 Million each day for the 31 days.
We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from 2027 to 2043. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“
1 PETROCHINA CO LTD ORD 6.36% of the fund 2 CHINA MERCHANTS BANK CO LTD ORD 4.46% of the fund 3 PING AN INSURANCE GROUP CO OF CHINA LTD ORD 4.40% of the fund 4 CK INFRASTRUCTURE HOLDINGS LTD ORD 3.53% of the fund 5 HONG KONG AND CHINA GAS CO LTD ORD 3.38% of the fund 6 CHINA RESOURCES LAND LTD ORD 3.28% of the fund 7 BOSIDENG INTERNATIONAL HOLDINGS LTD ORD 3.16% of the fund 8 APA GROUP 3.02% of the fund 9 SWIRE PROPERTIES LTD ORD 2.79% of the fund 10 ENN ENERGY HOLDINGS LTD ORD 2.76% of the fund
The SL abrdn Sustainable Index World Equity Pension Fund id a £2667m fund.
Its investment strategy is to generate growth over the long term (5 years or more) by tracking the return of the MSCI World Select ESG Climate Solutions Target Index
Top Holdings of the fund (%) MICROSOFT CORP 5.5% of the fund NVIDIA CORP 5.3% of the fund APPLE INC 4.2% of the fund ALPHABET INC 2.8% of the fund AMAZON.COM INC 2.5% of the fund ELI LILLY & CO 1.3% of the fund COCA-COLA CO/THE 1.2% of the fund META PLATFORMS INC 1.0% of the fund TRANE TECHNOLOGIES PLC 1.0% of the fund NOVO NORDISK A/S 0.9% of the fund
The JPM Natural Resources Fund is a fund that invests primarily in the shares of, companies throughout the world engaged in the production and marketing of commodities. The Fund aims to provide capital growth over the long term.
Underlying Fund Launch Date 01/06/1965 Underlying Fund Size (28/03/2024) £901.9m
Top Ten Holdings:-
EXXON MOBIL 8.7% of the fund RIO TINTO 7.1% of the fund SHELL 6.0% of the fund FREEPORT-MCMORAN 5.6% of the fund BHP 5.3% of the fund TOTALENERGIES 4.7% of the fund EOG RESOURCES 3.2% of the fund MARATHON PETROLEUM 3.0% of the fund CANADIAN NATURAL RESOURCES 2.8% of the fund VALERO ENERGY 2.6% of the fund
Berkshire Hathaway has surpassed $1 Trillion stock valuation, on Wed 28th August 2024, the investment company of Warren Buffett broke the $1 Trillion mark.
Berkshire Hathaway has now joined six other companies, mainly from the technology sector, above $1trn: Apple, Nvidia, Microsoft, Google’s parent Alphabet, Amazon.com & Facebook’s parent Meta
Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Now we are in a post Covid 19 world. UK’s HM Government needs to fund many new demands. https://www.dmo.gov.uk
Another deficit month, thus to bridge the gap, needs to borrow on the bond market in July 2024, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were “only” 7 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
30-Jul-2024 4¼% Treasury Gilt 2034 £4,254.8850 Million 24-Jul-2024 4 3/8% Treasury Gilt 2054 £2,575.2490 Million 23-Jul-2024 0 1/8% Index-linked Treasury Gilt 2039 3 months £1,239.3250 Million 17-Jul-2024 4 1/8% Treasury Gilt 2029 £4,000.0000 Million 16-Jul-2024 4¾% Treasury Gilt 2043 £2,812.4990 Million 11-Jul-2024 4% Treasury Gilt 2031 £3,750.0000 Million 02-Jul-2024 3¾% Treasury Gilt 2027 £4,110.0000 Million
£4,254.8850 Million + £2,575.2490 Million + £1,239.3250 Million + £4,000.0000 Million + £2,812.4990 Million + £3,750.0000 Million + £4,110.0000 Million = £22,741.958 Million
£22,741.958 Million = £22.741958 Billion
On another way of looking at it, is in the 31 days in July 2024, HM Government borrowed:- £733.61154838709677419354838709677 Million each day for the 31 days.
We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from 2027 to 2054. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“
The SL abrdn MyFolio Market V Pension Fund is a £618.6m investment fund, that is a fund of funds.
The fund invests at least 60% in passively managed funds, including those managed by abrdn, to obtain broad exposure to a range of diversified investments. Typically at least 80% is invested in assets traditionally viewed as being higher risk such as company shares, emerging market bonds (loans to an emerging market government) and commercial property. The rest of the fund is invested in a selection of other assets such as money market instruments including cash, government bonds (loans to a government) and investment grade corporate bonds (loans to a company).
SL US Equity Tracker Pension Fund 73.9% of the fund SL European Equity Tracker Pension Fund 13.8% of the fund SL Japanese Equity Tracker Pension Fund 6.4% of the fund SL Canadian Tracker Pension Fund 3.1% of the fund SL Pacific Basin Equity Tracker Pension Fund 2.8% of the fund
1 DARKTRACE PLC ORD 6.78 % if the fund 2 BROADCOM INC ORD 6.44 % if the fund 3 CROWDSTRIKE HOLDINGS INC ORD 6.35 % if the fund 4 PALO ALTO NETWORKS INC ORD 6.34 % if the fund 5 GEN DIGITAL INC ORD 5.73 % if the fund 6 CYBERARK SOFTWARE LTD ORD 5.29 % if the fund 7 CHECK POINT SOFTWARE TECHNOLOGIES LTD ORD 5.17 % if the fund 8 CISCO SYSTEMS INC ORD 5.06 % if the fund 9 FORTINET INC ORD 4.69 % if the fund 10 SENTINELONE INC ORD 4.64 % if the fund
Cordiant Digital Infrastructure Limited (LSE: CORD) is a UK-listed investment company incorporated in Guernsey, that is the owner and operator of digital infrastructure assets in the UK, the EEA and North America.
CORD creates value from investing in the critical infrastructure of the modern internet, including cloud and data centres, mobile & broadcast towers and fibre-optic networks.