Monthly Archives: May 2024

ISHRS GLOBAL CLEAN ENERGY ETF

The “ISHRS GLOBAL CLEAN ENERGY ETF” is a London list investment ETF that holds shares in energy companies committed to Clean Energy

Its top ten holdings are:-

1 FIRST SOLAR INC ORD 7.73% of the fund
2 ENPHASE ENERGY INC ORD 7.39% of the fund
3 CONSOLIDATED EDISON INC ORD 6.47% of the fund
4 IBERDROLA SA ORD 6.33% of the fund
5 VESTAS WIND SYSTEMS A/S ORD 6.12% of the fund
6 OERSTED A/S ORD 4.72% of the fund
7 CHINA YANGTZE POWER CO LTD ORD 3.62% of the fund
8 EDP ENERGIAS DE PORTUGAL SA ORD 3.45% of the fund
9 CHUBU ELECTRIC POWER CO INC ORD 3.43% of the fund
10 NEXTRACKER INC ORD 2.73% of the fund

https://www.londonstockexchange.com/stock/INRG/ishares/company-page

Courtesy of the London Stock Exchange

HM Government April 2024 Borrowings

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

https://dmo.gov.uk/data/pdfdatareport?reportCode=D2.1PROF7

Another deficit month, thus to bridge the gap, needs to borrow on the bond market in April 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” 6 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-

30-Apr-2024 4 1/8% Treasury Gilt 2029 £4,000.0000 Million
17-Apr-2024 4% Treasury Gilt 2031 £3,750.0000 Million
16-Apr-2024 0¾% Index-linked Treasury Gilt 2033 3 months £1,622.0750 Million
10-Apr-2024 3¾% Treasury Gilt 2027 £5,000.0000 Million
09-Apr-2024 4¾% Treasury Gilt 2043 £2,783.6230 Million
04-Apr-2024 4 5/8% Treasury Gilt 2034 £3,750.0000 Million

£4,000.0000million+ £3,750.0000 million + £1,622.0750 million + £5,000.0000 million + £2,783.6230 million + £3,750.0000 million = £20,905.698 Million

£20,905.698 Million = £20.905698 Billion

On another way of looking at it, is in the 30 days in April 2024, HM Government borrowed:- £696.8566 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 2027 to 2043. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……

Assets of PMGR plc [Premier Miton Global Renewables Trust PLC ]

Greencoat UK Wind 7.8% of the fund
Clearway Energy A Class 6.5% of the fund
NextEnergy Solar Fund 6.2% of the fund
Drax Group 6.1% of the fund
Octopus Renewables Infrastructure Trust 5.5% of the fund
Bonheur 4.8% of the fund
RWE 4.4% of the fund
SSE 4.4% of the fund
Grenergy Renovables 4.1% of the fund
Foresight Solar Fund 4.0% of the fund
Aquila European Renewables Income Fund 3.6% of the fund
Gore Street Energy Storage Fund 3.4% of the fund
Cadeler 3.2% of the fund
National Grid 3.1% of the fund
AES 2.9% of the fund
Northland Power 2.8% of the fund
Enefit Green 2.6% of the fund
US Solar Fund 1.9% of the fund
Greencoat Renewable 1.7% of the fund
Corporacion Acciona Energias Renovables 1.7% of the fund
Atlantica Sustainable Infrastructure 1.7% of the fund
GCP Infrastructure Investments 1.5% of the fund
7C Solarparken 1.4% of the fund
Cloudberry Clean Energy 1.4% of the fund
Harmony Energy Income Trust 1.4% of the fund
Polaris Renewable Energy 1.3% of the fund
Algonquin Power & Utilities 1.3% of the fund
MPC Energy Solutions 1.2% of the fund
SDCL Energy Efficiency Income Trust 1.1% of the fund
Solaria Energia y Medio Ambiente 1.0% of the fund
Gresham House Energy Storage Fund plc 0.9% of the fund
Serena Energia 0.8% of the fund
Atrato Onsite Energy 0.7% of the fund
VH Global Sustainable Energy Opportunities 0.6% of the fund
Boralex 0.5% of the fund
Innergex Renewable 0.4% of the fund
Fusion Fuel Green 0.2% of the fund
Fusion Fuel Green Warrants 0.0% of the fund
Cash/Net Current Assets 1.9% of the fund

Courtesy of the London Stock Exchange

Assets of the Foreign & Colonial Investment Trust.

The F&C Investment Trust PLC Portfolio has world class assets in its portfolio

https://www.fandc.com/

F&C-website-valuation.pdf (columbiathreadneedle.com)

Top 100 assets in the portfolio:-

The F&C Investment Trust PLC Portfolio
PE INVESTMENT HOLDINGS 2018 LP
MICROSOFT CORP
NVIDIA CORP
PANTHEON ACCESS SICAV
AMAZON.COM INC
BROADCOM INC
APPLE INC
META PLATFORMS INC CLASS A
ALPHABET INC CL A
MASTERCARD INC A
Total Top 10
ELI LILLY + CO
INFLEXION STRATEGIC PARTNERS
ALPHABET INC CL C
TAIWAN SEMICONDUCTOR MANUFAC
COMCAST CORP CLASS A
VISA INC CLASS A SHARES
LOWE S COS INC
PE INVESTMENT HOLDINGS 2018 PO
NOVO NORDISK A/S B
KLA CORP
Total Top 20
WELLS FARGO + CO
KEYENCE CORP
BOOKING HOLDINGS INC
MARATHON PETROLEUM CORP
ELEVANCE HEALTH INC
QUALCOMM INC
ABBVIE INC
MORGAN STANLEY
NETFLIX INC
EATON CORP PLC
Total Top 30
ORACLE CORP
COSTCO WHOLESALE CORP
HOME DEPOT INC
LINDE PLC
BRISTOL MYERS SQUIBB CO
AMERICAN INTERNATIONAL GROUP
AMERICAN TOWER CORP
MICROCHIP TECHNOLOGY INC
METLIFE INC
LENNAR CORP A
Total Top 40
LAM RESEARCH CORP
AUTOZONE INC
ADVANCED MICRO DEVICES
UNITEDHEALTH GROUP INC
PHILLIPS 66
MERCADOLIBRE INC
AIA GROUP LTD
ROCHE HOLDING AG GENUSSCHEIN
CROWN CASTLE INC
SAP SE
Total Top 50
VERTIV HOLDINGS CO A
ASML HOLDING NV
BANK CENTRAL ASIA TBK PT
APPLIED MATERIALS INC
MARRIOTT INTERNATIONAL CL A
SCHIEHALLION FUND LTD/THE
COMPASS GROUP PLC
ASTRAZENECA PLC
AUTOMATIC DATA PROCESSING
ELECTRONIC ARTS INC
Total Top 60
S+P GLOBAL INC
FIDELITY NATIONAL INFO SERV
AIR LIQUIDE SA
AMERICAN EXPRESS CO
AMPHENOL CORP CL A
UBER TECHNOLOGIES INC
UNITED KINGDOM GILT
INTUIT INC
SALESFORCE INC
KOMATSU LTD
Total Top 70
MITSUBISHI UFJ FINANCIAL GRO
MERCK + CO. INC.
BAYERISCHE MOTOREN WERKE AG
PUBLIC STORAGE
SYNOPSYS INC
MONOLITHIC POWER SYSTEMS INC
EXPEDITORS INTL WASH INC
TRANE TECHNOLOGIES PLC
COMPAGNIE DE SAINT GOBAIN
TENCENT HOLDINGS LTD
Total Top 80
STELLANTIS NV
ADOBE INC
CRH PLC
CHIPOTLE MEXICAN GRILL INC
FASTENAL CO
AIR PRODUCTS + CHEMICALS INC
P G + E CORP
VODAFONE GROUP PLC
MEDTRONIC PLC
VERIZON COMMUNICATIONS
Total Top 90
REGENERON PHARMACEUTICALS
TUPRAS TURKIYE PETROL RAFINE
EQUINOR ASA
ITOCHU CORP
SHELL PLC
SCHNEIDER ELECTRIC SE
INTUITIVE SURGICAL INC
TOYOTA MOTOR CORP
FIRSTENERGY CORP
NINTENDO CO LTD
Total Top 100

Courtesy of the London Stock Exchange

India Capital Growth Fund

The India Capital Growth Fund is managed by Ocean Dial Asset Management

India has been one of the best performing major stock markets globally in the last 30 years, compounding returns at 9.9% in US dollars

Top 20 holdings as at 31 March 2024: Holding Sector % of Portfolio
Federal Bank Financials – Banks 5.3% of the fund
Dixon Technologies Consumer Discretionary 5.2% of the fund
Skipper Industrials 4.3% of the fund
Neuland Laboratories Health Care 4.2% of the fund
Sona BLW Precision Forgings Consumer Discretionary 4.0% of the fund
IDFC Bank Financials 3.8% of the fund
IndusInd Bank Financials – Banks 3.8% of the fund
PI Industries Materials 3.7% of the fund
Persistent Systems IT 3.7% of the fund
Ramkrishna Forgings Materials 3.7% of the fund
RBL Bank Financials – Banks 3.5% of the fund
Emami Consumer Staples 3.4% of the fund
JK Lakshmi Cement Materials 3.2% of the fund
VIP Industries Consumer Discretionary 3.0% of the fund
Ashok Leyland Industrials 2.9% of the fund
Welspun India Consumer Discretionary 2.7% of the fund
Affle India Communication Services 2.6% of the fund
Multi Commodity Exchange Financials 2.5% of the fund
CCL Products India Consumer Staples 2.5% of the fund
Kajaria Ceramics Industrials 2.4% of the fund

Courtesy of The India Capital Growth Fund
Courtesy of The London Stock Exchange

INDIA CAPITAL GROWTH FUND LIMITED IGC Stock | London Stock Exchange

L&G Energy Transition Commodities UCITS ETF

The L&G Energy Transition Commodities UCITS ETF is an investment aiming to provide exposure to a diversified basket of commodities central to enabling the energy transition.

L&G Energy Transition Commodities UCITS ETF | LGIM Fund Centre

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
Courtesy of Legal and General Investment Management

https://www.londonstockexchange.com/stock/ETRA/legal-and-general-asset-management/company-page

The Granolas stock

Eleven key stocks have been instrumental to this strong performance, affectionately known as The Granolas. The term was coined by Goldman Sachs in 2020 based on a loose acronym of the stocks’ names. It includes GlaxoSmithKline, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L’Oréal, LVMH, AstraZeneca, SAP and Sanofi.

The Foreign and Colonial Investment Trust: May 2024 Dividend

Today the highly regarding investment trust, the The Foreign and Colonial Investment Trust pays out its May 2024 dividend.

https://www.fandc.co.uk

4.5p a share.

https://www.londonstockexchange.com/news-article/FCIT/total-voting-rights/16448753

The total number of voting rights that can be exercised in the Company is, 502,305,436.

Thus:

502,305,436 x £0.045 = £22,603,744.62

That is £22 million paid to shareholders.

Courtesy of the London Stock Exchange

CT Global Managed Portfolio Trust

TheCT Global Managed Portfolio Trust is a ‘multi-manager’ or managed investment trust.

This means it invests in a range of investment companies. In turn, this can give an exposure to different investment providers and markets by using one investment trust.
Trust aims: The objective for the Growth Portfolio is to provide growth shareholders with capital growth from a diversified portfolio of investment companies. The Growth Portfolio invests in a diversified portfolio of at least 25 investment companies that have underlying investment exposures across a range of geographic regions and sectors and the focus of which is to maximise total returns, principally through capital growth

Courtesy of Columbia Threadneedle Asset Management

https://www.columbiathreadneedle.co.uk/global-managed-portfolio-trust-plc/

Top 10 Holdings:-

HgCapital Trust 4.5% of the fund Private Equity
Polar Capital Technology Trust 3.7% of the fund Technology & Technology Innovation
Fidelity Special Values 3.7% of the fund UK All Companies
Finsbury Growth & Income Trust 3.6% of the fund UK Equity Income
Allianz Technology Trust 3.5% of the fund Technology & Technology Innovation
Law Debenture Corporation 3.4% of the fund UK Equity Income
JPMorgan American Investment Trust 3.2% of the fund North America
Worldwide Healthcare Trust 3.1% of the fund Biotechnology & Healthcare
Monks Investment Trust 3.1% of the fund Global
Aurora Investment Trust 3.0% of the fund UK All Companies

https://www.londonstockexchange.com/stock/CMPG/ct-global-managed-portfolio-trust-plc/company-page