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City of London Investment Trust/£CTY

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About City of London Investment Trust

The City of London Investment Trust plc is a London-based, closed-ended investment company seeking long-term growth in income and capital, principally through investments in UK equities. Managed by Janus Henderson Investors, it holds a diversified portfolio focused on large UK companies across multiple sectors, with additional exposure to overseas equities. The trust pays dividends quarterly and has increased its annual dividend each year since 1966, supported by an income-focused investment approach and revenue reserves that can supplement distributions when portfolio income falls. Its origins date to 1860, when it was formed to acquire the Calverts brewing business; it registered as a limited company in 1891 and began operating under investment trust principles in 1932. Its UK-focused portfolio also provides international economic exposure through the overseas revenues of many of its investee companies.
Ticker
£CTY
Sector
Finance
Primary listing
LSE
Employees
-
Headquarters
London, United Kingdom
Website
www.janushenderson.com/en-gb/investor/product/the-city-of-london-investment-trust-plc

CTY Metrics

BasicAdvanced
£3B
5.78
£1.02
0.50
£0.22
3.76%

Bulls say / Bears say

The trust raised its dividend by 4% for the 60th year in a row, and the 22.15p payout was covered by 22.5p of earnings. Its £52.3m revenue reserve adds a buffer if portfolio income weakens. (The AIC, Investegate)
The trust’s NAV return matched the FTSE All-Share over the latest year and beat the UK Equity Income sector average; its shareholder returns also exceeded the index over three and five years. This points to a solid record across different periods, though past returns are no guarantee of future results. (The AIC, QuotedData)
The manager sees UK shares as undervalued relative to overseas markets, with income and buybacks offering investors a return while they wait. Five portfolio companies had received takeover bids in 2026, which could help unlock value. (The Business Investor)
The portfolio is heavily concentrated in UK-listed shares, leaving investors more exposed to UK market weakness than a globally diversified trust. Its small overseas allocation offers only limited protection if UK equities lag other markets. (Investegate)
The shares ended the financial year at a 2.3% premium to NAV, so buyers paid more than the underlying portfolio was worth. If that premium narrows or turns to a discount, share-price returns can lag the portfolio’s performance. (Investegate)
The income-focused portfolio can miss faster-growing companies that pay smaller dividends. In the latest year, not owning Rolls-Royce and holding less than the index in HSBC and AstraZeneca detracted from relative returns. (The AIC)
Data summarised monthly by Lightyear AI. Last updated on 13 Oct 2026.

CTY Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Funds containing CTY

Funds
Fund name
Fund size
£CTY weighting
iShares FTSE 250£MIDD
£672M0.98%
Vanguard FTSE 250£VMIG
£569M0.96%
Vanguard FTSE 250£VMID
£1.5B0.96%
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.