Portfolio Manager Factsheet

December 2015

Over 2015, 15 of our 24 holdings made gains of at least  10% - led by Hargreaves Lansdown +53%, Dr Pepper +41%, Kraft +36%, Sage+33% and Heineken+32%. The portfolio hosted some notable losers too, Pearson -36%, Burberry -25%, Fidessa -13% and Daily Mail -13%.

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Finsbury Growth & Income Trust PLC conducts its affairs so that its shares can be recommended by independent financial advisers (IFAs) to retail private investors. The shares are excluded from the Financial Conduct Authority's (FCA's) restrictions which apply to non-mainstream investment products because they are shares in a UK-listed investment trust.