Trojan Fund - Troy Asset Management (original) (raw)

A multi-asset fund that aims to protect investors’ capital and grow its value in real terms over the long term. We combine cautious asset allocation with careful selection of high-quality companies, purchased at fair valuations.

What does the Fund do?

Through a long-term, long-only approach, the Fund has the flexibility to invest in a broad range of asset classes. We primarily invest in developed market equities and bonds, gold-related investments, as well as cash and short-dated Treasury bills.

Why this Fund?

Aimed at investors who want a multi-asset fund emphasising capital preservation and absolute returns. The Fund’s emphasis on downside risk management and high-quality securities aim to deliver strong risk-adjusted returns over the long-term. The Fund integrates ESG and stewardship in accordance with Troy’s Responsible Investment & Stewardship Policy and also adheres to Troy’s Climate Change Mitigation Policy, in accordance with article 8 of SFDR.

View our SFDR disclosure

‘O’ ACC SHARE CLASS as at 09/10/2024

410.34p

Fund size as at 30/09/2024

£5,069m

‘O’ INC SHARE CLASS as at 09/10/2024

327.82p

Source: Lipper, Waystone Management UK Limited

31/05/2001 30/09/2014 30/09/2019 30/09/2021 30/09/2023 31/03/2024
Since Launch 10 Years 5 Years 3 Years 1 Year 6 Months
Trojan O Income 348.9 67.9 25.3 7.0 7.7 2.7
UK Retail Price Index 123.8 51.4 34.0 26.3 3.0 1.8
FTSE All-Share TR 263.4 83.6 32.2 23.9 13.4 6.1
Bank of England Base Rate 65.8 13.9 11.1 10.5 5.3 2.6
Discrete Calendar Annual Returns (%) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Trojan O Income 0.6 4.1 15.4 10.3 15.9 12 6.1 1.1 11.6 14.4 8.5 2.1 -3.1 8.9 3.2 12.3 4.1 -3 10.7 7.4 12.1 -3.8 2.7 5.1

Performance is calculated on a total return basis, net of fees, in sterling terms. Past performance is not a guide to future performance

Source: Lipper, Waystone Management UK Limited. Since Launch (31/05/2001) to 30 September 2024.

Source: Lipper, Waystone Management UK Limited

Risk Analysis Since Launch (31/05/2001) Trojan O Income FTSE All-Share TR
Total Return 348.9 263.4
Max Drawdown -13.7 -45.6
Best Month 8.9 12.7
Worst Month -4.7 -15.1
Positive Months 66.4 59.3
Annualised Volatility 6.0 13.5

Performance is calculated on a total return basis, net of fees, in sterling terms.

Maximum Drawdown measures the worst investment period

Annualised Volatility is measured by the annualised standard deviation of the monthly returns

Source: Lipper, Waystone Management UK Limited. As at 30 September 2024.

Top 10 holdings (excluding government bonds) Fund %
Invesco Physical Gold 6.61473253415383
iShares Physical Gold 6.00041594318963
Unilever 5.11949619256171
Visa 3.12542955417097
Nestle 2.65463532757455
Diageo 2.47909146160673
Microsoft 2.33588037098082
Alphabet 2.22439165088925
Heineken Holding 2.07938797421524
American Express 1.59255468393474
Total Top 10 34.2260156932775
8 Other Equity holdings 7.1788523774314
US TIPS 31.6491646534658
Short-dated Gilts 11.8470996031003
US Short-dated Treasuries 8.46567895630606
UK Index-Linked 3.61114118304858
Cash 3.02204753337042
Total 100

Asset allocation and holdings subject to change. As at 30 September 2024

Important Information

Past performance is not a guide to future performance. The value of a fund and any income from it may go down as well as up and investors may get back less than they invested. Changes in rates of exchange may cause the value of investments to go up or down. Returns may increase or decrease as a result of currency fluctuations. This data is provided for information only and should not be reproduced, published or disseminated in any manner. Although Troy considers the data to be reliable, no warranty is given as to its accuracy or completeness. Any comparisons against indices are for illustrative purposes only. In line with the Fund’s prospectus, the Fund is authorised to invest in transferable securities and money market instruments issued or guaranteed by an EEA state, one or more local authorities, a third country, or a public international body to which one or more EEA states belong. The Investment Manager would only consider investing more than 35% of the Fund’s assets in UK or US government issued transferable securities or approved money market instruments.

Some of the information contained on this page: (1) is proprietary to Morningstar and/or its content providers​; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Important information for U.S. persons

The securities described on this website are neither available nor offered in the United States of America (including the District of Columbia or any other territory occupied or possessed by the United States of America) or to U.S. persons (including residents of the United States of America, residents within an area subject to its jurisdiction and U.S. persons who are resident outside the United States of America).

For the full fund disclaimer please refer to the Fund factsheet.

Please refer to Troy’s Glossary of Terms available here.

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