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F&C Investment Trust (FCIT) investor relations material
F&C Investment Trust AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Presentation began with an overview of interim results and performance drivers, followed by discussion of market outlook, opportunities, and risks.
Financial performance review
Shareholder return for the first half was 12.8%, slightly ahead of the benchmark and NAV return of 12.4%.
Net revenue return per share increased by 8.4%; ongoing charges remained flat at 0.45%.
Exceptional individual stock returns, notably in semiconductors and AI-related names, drove performance.
Private equity holdings returned 9%, lagging listed equities but still positive.
Portfolio allocations shifted, with reduced U.S. exposure and increased emerging markets and global focus.
Dividend announcements
Interim dividend announced at GBP 0.99 per share; board committed to a 56th consecutive annual rise in 2026.
Revenue reserves remain high, supporting future dividend growth.
- NAV rose 12.4% in H1 2026, dividends increased, and AI-driven gains led market performance.FCIT
H1 20263 Aug 2026 - NAV total return was 13.2%, but shareholder return lagged at 6.4% due to a wider discount.FCIT
H1 202430 Jun 2026 - Global equity focus, strong long-term returns, and AI-driven themes support resilient growth.FCIT
Investor update16 Apr 2026 - Strong 2025 returns, higher dividend, and a proposed share split highlight robust performance.FCIT
H2 202516 Mar 2026 - Outperformed benchmark with strong returns, higher dividend, and lower costs amid global uncertainty.FCIT
H2 202426 Dec 2025 - NAV total return lagged the benchmark, but dividend growth and portfolio resilience remain strong.FCIT
H1 202511 Aug 2025
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