BIT – Monthly Factsheet as at 30 November 2019

Investment
Trust
For promotional purposes
THE BANKERS INVESTMENT TRUST
PLC
www.bankersinvestmenttrust.com
Fund facts at 30 November 2019
Company objective
The Company aims over the long
term to achieve capital growth in
excess of the FTSE World Index
and annual dividend growth greater
than inflation, as defined by the UK
Retail Prices Index (RPI), by
investing in companies listed
throughout the world. The latest
Annual Report and Key Information
Document set out the investment
objective and policy in full and you
should read them before investing.
For commentary from our fund
manager please visit our website.
NAV (cum income)
960.2p
NAV (ex income)
952.6p
Share price
957.0p
Discount(-)/premium(+)
-0.3%
Yield
2.15%
Net gearing
0%
Net cash
3%
Total assets
£1246m
Net assets
£1177m
Market capitalisation
£1173m
Shares in issue
122,606,783
Total number of holdings
178
Ongoing charges
0.50%
(year end 31/10/2018)
Ratings
Morningstar rating -
QQQQ
Source: BNP Paribas for holdings
information and Morningstar for all
other data. Differences in calculation
may occur due to the methodology
used.
Customer services
0800 832 832
Share price performance (total return)
70
100
130
160
190
220
Nov
14
Nov
15
Nov
16
Nov
17
Nov
18
Nov
19
Price (rebased)
FTSE World Index & FTSE All Share Composite
Dividend history (pence/share)
0
5
10
15
20
25
1999
2000
20012002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Income
Please note that this chart could include dividends that have been declared but not yet paid.
Discount/premium (%) with average line (cum income)
-10
-8
-6
-4
-2
0
2
Nov
16
Jul
17
Feb
18
Sep
18
Apr
19
Nov
19
Cumulative performance (cum income) (%)
Performance over10y5y3y1y6m
Share price (Total Return)
255.585.351.817.19.6
Net Asset Value (Total Return)206.577.341.814.27.6
Benchmark (Total Return)145.952.838.313.110.0
Relative NAV Outperformance60.624.53.51.1-2.4
Annual performance (cum income) (%)
Discrete year performance
% change (updated quarterly)
Share
Price
NAV
28/09/2018 to 30/09/20198.16.6
29/09/2017 to 28/09/201811.512.4
30/09/2016 to 29/09/201727.619.4
30/09/2015 to 30/09/201614.224.9
30/09/2014 to 30/09/20158.95.2
All performance, cumulative growth and annual growth data is sourced from Morningstar.
Top 10 holdings(%)
Microsoft 2.4
Estee Lauder Cos 2.3
Mastercard 1.7
Visa 1.7
American Tower 1.7
American Express 1.7
Berkshire Hathaway 1.7
Alphabet 1.6
GlaxoSmithKline 1.5
Adobe 1.3
Geographical focus (%)
North America32.4
United Kingdom26.4
Europe14.9
Pacific Region13.4
Japan12.1
Emerging Markets0.9
Sector breakdown (%)
0
5
10
15
20
25
30
Financials
Consumer Goods
Industrials
Technology
Consumer Services
Health Care
Telecommunications
Basic Materials
Oil & Gas
Utilities
www.bankersinvestmenttrust.com
Please remember that past performance is not a guide to future performance. The value of an investment and the income from
it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested.

Investment
Trust
For promotional purposes
THE BANKERS INVESTMENT TRUST
PLC
www.bankersinvestmenttrust.com
Company information
Stock code
BNKR
AIC sector
Global
Benchmark
FTSE All Share pre 31
October 2017 and
FTSE World Index
from 1 November
2017
Company type
Conventional
(Ords)
Launch date
1888
Financial year end
31 Oct
Dividend payment
May, August,
November, February
Risk rating
Average
(Source: Numis)
Management fee
0.45% of net assets up to £750m and
0.40% on net assets over £750m.
Performance fee
No
(See Annual Report & Key Information Document for
more information)
Regional focus
Global
Fund manager
appointment
2003
Fund manager
Alex Crooke
www.twitter.com/jhitrustsUK
Customer services
0800 832 832
Glossary
NAV (Cum Income) The value of investments and cash, including
current year revenue, less liabilities (prior charges such as
loans, debenture stock and preference shares at fair value).
NAV (Ex Income) The value of investments and cash, excluding
current year revenue, less liabilities (prior charges such as
loans, debenture stock and preference shares at fair value).
Share price Closing mid-market share price at month end.
Discount/premium The amount by which the price per share of
an investment trust is either lower (at a discount) or higher
(at a premium) than the net asset value per share (cum
income), expressed as a percentage of the net asset value
per share.
Total assets Cum Income NAV multiplied by the number of
shares, plus prior charges at fair value.
Net assets Total assets minus any liabilities such as bank loans
or creditors.
Market capitalisation Month end closing mid-market share price
multiplied by the number of shares outstanding at month
end.
Share price total return The theoretical total return to the investor
assuming that all dividends received were reinvested in the
shares of the company at the time the shares were quoted
ex-dividend. Transaction costs are not taken into account.
Net asset value total return The theoretical total return on
shareholders' funds per share reflecting the change in Net
Asset Value (NAV) assuming that dividends paid to
shareholders were reinvested at NAV at the time the shares
were quoted ex-dividend. A way of measuring investment
management performance of investment trusts which is not
affected by movements in discounts/premiums.
Yield Calculated by dividing the current financial year's
dividends per share (this will include prospective dividends)
by the current price per share, then multiplying by 100 to
arrive at a percentage figure.
Ongoing charges The total expenses for the financial year
(excluding performance fee), divided by the average daily
net assets, multiplied by 100.
Gearing The effect of borrowing money for investment
purposes (financial gearing). The amount a company can
“gear” is the amount it can borrow in order to invest. Gearing
is used in the expectation that the returns on the investments
bought will exceed the costs of the borrowings that funded
the purchase. This Company can also use synthetic gearing
through derivatives and foreign exchange hedging and/or
other non-fully funded instruments or techniques.
Leverage The Trust’s leverage is the sum of financial gearing
and synthetic gearing. Details of the Trust’s leverage limits
can be found in both the Key Information Document and
Annual Report. Where a trust utilises leverage, the profits
and losses incurred by the trust can be greater than those
of a trust that does not use leverage.
Net cash A company’s net exposure to cash/cash equivalents
expressed as a percentage of shareholders’ funds, after any
offset against its gearing. This is only shown for companies
that have gearing in place.
Net gearing A company’s total assets (less cash/cash
equivalents) divided by shareholders’ funds expressed as a
percentage.
Risk rating The key measure used to assess risk is volatility of
returns, using historic net asset value (NAV) performance of
the trust over 1 and 3 years. In this instance volatility
measures how much a trust’s NAV fluctuates over time in
relation to the UK Equity market. The higher a volatility figure,
the more the NAV has fluctuated (both up and down) over
time. Please note that risk categorisations are indicative and
based principally on historic data and should not be solely
relied upon when making investment decisions.
For a full list of terminology please visit;
www.hendersoninvestmenttrusts.com
Specific risks
•
Not all the investments in this portfolio are made in Sterling, so exchange rates could affect the value of and income from
your investment.
•Some of the investments in this portfolio are in smaller companies shares. They may be more difficult to buy and sell and
their share price may fluctuate more than that of larger companies.
•Global portfolios include a small weighting to Emerging Markets, usually less than 10%, which tend to be less stable than
more established markets and can be affected by local political and economic conditions, reliability of trading systems,
buying and selling practices and financial reporting standards.
How to invest
To find out more visit www.hendersoninvestmenttrusts.com/invest
Other documents available online
To see the Annual Report, KID and to watch the latest fund manager commentary, visit
www.bankersinvestmenttrust.com
www.bankersinvestmenttrust.com
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Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
All data in this factsheet is as at or to 30 November 2019 unless otherwise stated. Issued in the UK by Janus Henderson Investors.
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