The Legal and General Global Technology Index Trust is an index fund managed by Legal and General. It aims to provide growth by tracking the performance of the FTSE World-Technology Index.
Its top ten holdings are:-
Apple Inc 15.5% of the fund
Microsoft Corp 15.5% of the fund
Alphabet Cl A 4.6% of the fund
Alphabet Cl C 4.4% of the fund
Facebook 4.4% of the fund
Taiwan Semiconductor Manufacturing 2.7% of the fund
Intel Corp 2.7% of the fund
Nvidia Corp 2.4% of the fund
Adobe Inc 2.2% of the fund
Samsung Electronics Co Ltd 2.2% of the fund
It is £807.3m fund.
United States is where 80.5% of the assets are held.
Tomorrow, Greencoat UK Wind pays out is dividend.
1.775p a share
the total voting rights figure will be 1,518,162,889
1,518,162,889 x 0.01775 = £26,947,391.27975
That is £26million
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 Covid 19 world. UK’s HM Government needs to fund many new demands.
Another deficit month, thus to bridge the gap, needs to borrow on the bond market In March 2020 , 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” 19 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
29-Jul-2020 0 1/8% Treasury Gilt 2023 £3,500.0000 Million
29-Jul-2020 1 5/8% Treasury Gilt 2028 £3,008.8750 Million
28-Jul-2020 1 5/8% Treasury Gilt 2054 £1,874.9990 Million
28-Jul-2020 1¼% Treasury Gilt 2027 £3,437.4990 Million
22-Jul-2020 0 1/8% Treasury Gilt 2028 £3,000.0000 Million
22-Jul-2020 1¼% Index-linked Treasury Gilt 2032 £500.0000 Million
21-Jul-2020 0 5/8% Treasury Gilt 2050 £2,711.0000 Million
21-Jul-2020 1½% Treasury Gilt 2026 £3,749.9990 Million
15-Jul-2020 1¾% Treasury Gilt 2057 £1,500.0000 Million
15-Jul-2020 2¼% Treasury Gilt 2023 £3,250.0000 Million
14-Jul-2020 0 1/8% Treasury Gilt 2026 £3,834.0950 Million
14-Jul-2020 0 3/8% Treasury Gilt 2030 £3,750.0000 Million
09-Jul-2020 0 1/8% Index-linked Treasury Gilt 2041 £1,062.8500 Million
07-Jul-2020 0 1/8% Treasury Gilt 2023 £3,750.0000 Million
07-Jul-2020 1¼ % Treasury Gilt 2041 £2,812.500 Million
02-Jul-2020 0 5/8% Treasury Gilt 2025 £4,261.1950 Million
02-Jul-2020 4½% Treasury Gilt 2034 £2,329.2500 Million
01-Jul-2020 0 1/8% Treasury Gilt 2028 £3,000.0000 Million
01-Jul-2020 0 5/8% Treasury Gilt 2050 £2,785.9990 Million
Add:- (£3,500.0000 + £3,008.8750 + £1,874.9990 + £3,437.4990 + £3,000.0000 + £500.0000 +£2,711.0000 +£3,749.9990 + £1,500.0000 + £3,250.0000 + £3,834.0950 + £3,750.0000 + £1,062.8500 + £3,750.0000 + £2,812.500 + £4,261.1950 + £2,329.2500 + £3,000.0000 + £2,785.9990) Million = £54,118.261 Million
£54,118.261 Million = £54.11261 Billion
On another way of looking at it, is in the 31 days in July 2020, HM Government borrowed:- £1,745.75 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 bond mature from 2023 through to 2057. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together….”
Today, The Octopus Renewables Infrastructure Trust pays out its August dividend.
1.06p a share.
Total number of voting rights of The Octopus Renewables Infrastructure Trust is 350,000,000
350,000,000 x £0.0106 = £3,710,000
On Friday 7th August 2020, Vodafone PLC paid out its August 2020 dividend.
€0.045 a share = 4.079745p a share.
Therefore, the total number of voting rights in Vodafone is 26,824,338,960
26,824,338,960 x £0.04079745 = £1,094,364,627.503652
That is £1.094 Billion.
On the 3rd of August 2020, The Foreign and Colonial Investment Trust PLC paid out its August dividend.
One of the world’s oldest investment trusts, F&C Investment Trust (FCIT) is a behemoth,with almost £4bn in AUM. The company, over 150 years old.
It paid out 2.9p a share.
Therefore, the total number of voting rights in the Company is now 541,189,043
541,189,043 x £0.029 = 15,694,482.247
That is £15m
The Legal and General Future World Multi-Index 4 Fund, is a fund that invests in a risk-profile targeted range of index tracker funds and individual investments including property. Typically has higher exposure to bonds than to shares in companies.
|North America Equity||13.3%|
|Europe ex UK Equity||6.9%|
|Emerging Market Equity||2.4%|
|Asia Pacific ex Japan Equity||2.1%|
TOP 10 HOLDINGS (%)
L&G Future World ESG Developed Fund 20.0% of the fund
L&G Future World Global Credit Fund 16.7% of the fund
L&G Short Dated Sterling Corporate Bond Index Fund 11.0% of the fund
L&G Global Inflation Linked Bond Index Fund 7.8% of the fund
L&G Future World ESG UK Fund 7.1% of the fund
L&G ESG EM Gov Bond USD Fund 4.9% of the fund
LGIM GBP Liquidity Fund Plus 4.9% of the fund
Europe ex UK Equity 3.5% of the fund
L&G High Income Trust 3.4% of the fund
L&G Japan Equity UCITS ETF 3.0% of the fund
Today, 3rd August, United Utilities pays out its August 2020 dividend.
28.4p a share.
the total voting rights in United Utilities is 681,888,418 shares.
681,888,418 x £0.284 = £193,656,310.712
That is £193 Million.
“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.” – Charles Dickens