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

https://www.alliancewitan.com/investor-information

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

Thus:-

400,191,982 x £0.0673 = £26,932,920.3886

That is £26 million paid to shareholders

https://www.londonstockexchange.com/stock/ALW/alliance-witan-plc/company-page

Yesterday, Unilever pays out its March 2025 dividend

https://www.unilever.com

37.75p a share

https://www.londonstockexchange.com/news-article/ULVR/total-voting-rights/16923130

there were 2,475,206,898 shares with voting rights.

thus:-

2,475,206,898 x £0.3775 = £934,390,603.995

that is £934 million paid to shareholders in Unilever

https://www.londonstockexchange.com/stock/ULVR/unilever-plc/company-page

Courtesy of The London Stock Exchange

Tomorrow, the UK Energy Oil Major pays out its March 2025 dividend

https://www.bp.com

$0.08 = 6.1761p a share

https://www.londonstockexchange.com/news-article/BP./total-voting-rights/16881802

The total number of voting rights in BP p.l.c. is 16,055,772,413

thus:-

16,055,772,413 x £0.061761 = £991,620,559.999293

that is £991 million paid to shareholders in BP

https://www.londonstockexchange.com/stock/BP./bp-plc/company-page

Courtesy of The London Stock Exchange

Tomorrow, the oil major Shell PLC pays out its quarterly dividend.

https://www.shell.com

$0.358 a share = 27.79p

https://www.londonstockexchange.com/news-article/SHEL/voting-rights-and-capital/16920792

Shell plc’s capital as at February 28, 2025, consists of 6,047,482,616 ordinary shares of €0.07 each.

Thus:-

6,047,482,616 x £0.2779 = £1,680,595,418.9864

£1,680 Million = £1.680 Billion paid to shareholders

https://www.londonstockexchange.com/stock/SHEL/shell-plc/company-page

Courtesy of The London Stock Exchange

Premier Miton Global Renewables Trust PLC announces that at close of business on 28 February 2025 its investments were as follows:             

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:

L&G Energy Transition Commodities UCITS ETF

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.

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

Courtesy of The London Stock Exchange

Courtesy of Legal and General Investment Management

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

Total 19.5% 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

Home | BAE Systems

Courtesy of The London Stock Exchange

BAE SYSTEMS PLC BA. Stock | London Stock Exchange

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

Fund size £3,208.9m
Distribution yield 4.6%

Courtesy of Legal & General Investment Management

October 2020

Courtesy of The London Stock Exchange

Feb 2025

Courtesy of The London Stock Exchange

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……“

Holdings:-

Courtesy of Professor Hinton