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Personal Assets Trust plc (PNL) ORD GBP0.125

Sell:492.50p Buy:493.50p 0 Change: No change
FTSE 250:1.43%
Market closed |  Prices as at close on 12 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:492.50p
Buy:493.50p
Change: No change
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 12 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:492.50p
Buy:493.50p
Change: No change
Market closed |  Prices as at close on 12 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The Company invests in equities and fixed income securities and it may also hold cash and cash equivalents (which may, depending on circumstances, include gold). The Company may use derivatives as a way of increasing or reducing its investment exposure and to enhance and protect investment positions. The Company may also from time to time make use of currency hedging. The company aims to protect and increase (in that order) the value per share for the funds of shareholders over the long term.
Security Weight
Gold Bullion 13.20%
United States Treasury Bonds 8% 7.62%
United States Treasury Notes 8% 6.50%
United States Treasury Notes 4.5% 6.26%
United States Treasury Notes 8% 6.16%
United States Treasury Bonds 8% 4.93%
Treasury 1.25% 22/07/2027 Gilt 4.86%
Unilever plc Ordinary 3.11p 4.78%
United States Treasury Bonds 2% 4.72%
Visa Inc Class A 3.46%
Sector Weight
Consumer Defensive 13.36%
Financial Services 6.40%
Technology 4.00%
Communication Services 2.41%
Healthcare 0.99%
Industrials 0.94%
Country Weight
United States 48.67%
United Kingdom 17.78%
Switzerland 3.74%
Netherlands 2.04%
France 0.67%

Fee Structure

Troy Asset Management Limited receives a fee, which is based on the NAV 0.65% on the first GBP 750m, 0.55% between GBP750m and GBP1b, and 0.5% thereafter, payable quarterly in arrears. A contract terrminable by giving not less than 6 months notice.

Dividend Policy

Dividends on the Ordinary shares are payable quarterly in January, April, July and October. The Company aimsto pay as consistent and sustainable a dividend as is compatible with protecting and increasing the value of its shareholders’ funds and maintaining its investment flexibility. The Company has the ability in accordance with its Articles of Association to make distributions from capital.

ASSET SPLIT

Total number of holdings: 38.

Trust Manager

Sebastian Lyon

Manager Bio

Sebastian is Troy’s Chief Investment Officer and is responsible for Troy’s Multi-Asset Strategy. He is the Fund Manager of the Trojan Fund and Investment Manager to Personal Assets Trust. He has 30 years’ investment experience and has managed equity portfolios since 1992. Sebastian began his career in 1989 at Singer & Friedlander Investment Management. Joining Stanhope Investment Management (the management company for the GEC Pension Fund) in 1995, he jointly managed the £2 billion equity portfolio and the Fund’s asset allocation. He was appointed Director in 1999, and in 2000 he left to establish Troy. Gaining his BSc in Politics from Southampton University, Sebastian holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.

Board Of Directors

Iain FergusonChairman, Paul Read, Gordon Neilly, Jean Sharp, Mandy Clements, Robbie Robertson, Jennifer Thomas

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.