Why invest in EIT?
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The Trust is managed using a rigorous and proven investment process.
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James de Uphaugh and Chris Field have nearly 70 years of combined investment experience.
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The Trust offers a diversified and high conviction portfolio of typically 40 to 50 listed equities based on fundamental company research.
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There are no in-built investment style biases. Instead, opportunities are sought across the market: growth, value and recovery stocks will all typically be held.
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James’ aim is to deliver long-term added value regardless of economic and market conditions.
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This work is underpinned by the research of an experienced team of investment analysts with a global perspective.
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One of the advantages of an investment trust is the ability to borrow to enhance equity returns. It is therefore expected that gearing will boost investment returns over time.
Meet the managers
James de Uphaugh is Head of the Liontrust Global Fundamental team. He joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management, and has 34 years’ experience managing institutional portfolios. James co-founded Majedie in 2002, having previously been a Managing Director at Mercury Asset Management , where he was also Chairman of the UK Investment Group and Alpha Team Leader. In addition to managing the Trust, James is co-manager of the LF Liontrust UK Equity Fund.
The Deputy Manager is Chris Field, who has 35 years’ experience. Chris was also a co-founder of Majedie having worked alongside James at Mercury Asset Management. In addition, he is manager of the LF Liontrust UK Income Fund and co-manager of the LF Liontrust UK Focus and the LF Liontrust UK Equity funds.
They are supported by the wider Liontrust Global Fundamental team, which consists of 16 fund managers and analysts who have deep knowledge of markets and a rigorous approach to investment analysis.
Performance
Performance
Discrete share price performance (%)
| As at previous quarter 12 months ending: | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 |
|---|---|---|---|---|---|
| Edinburgh Investment Tst plc | 10.6 | 46.4 | -29.4 | 4.6 | -6.7 |
| FTSE All Share | 13.0 | 26.7 | -18.5 | 6.4 | 1.2 |
| Quartile Ranking | 2 | 1 | 3 | 2 | 4 |
Cumulative share price performance (%)
| As at previous day end | 1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 years | 10 years | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| Edinburgh Investment Tst plc | -5.7 | -3.4 | -1.3 | -1.4 | 0.6 | 15.6 | 1.6 | 97.5 | 464.4 |
| FTSE All Share | -3.1 | -1.3 | 0.6 | -1.4 | 5.6 | 12.9 | 19.6 | 113.2 | 582.3 |
| Quartile Ranking | 3 | 3 | 2 | 2 | 2 | 2 | 4 | 4 | - |
Premium discount* history
Current positioning
Top 10 Holdings (% of assets)
| SHELL PLC | 6.90 |
|---|---|
| TESCO CORP | 4.90 |
| ANGLO AMERICAN | 4.70 |
| ASTRAZENECA PLC | 4.20 |
| BAE SYSTEMS | 4.09 |
| UNILEVER PLC | 4.00 |
| ASHTEAD GROUP | 3.50 |
| NATWEST GROUP PLC | 3.50 |
| RS GROUP PLC | 2.90 |
| WEIR GROUP PLC (THE) | 2.80 |
Sector Breakdown (% of assets)
| Others | 35.20 | |
|---|---|---|
| Retailers - General | 11.90 | |
| Oil & Gas | 9.00 | |
| Biotechnology/Medical | 8.90 | |
| Banks | 7.70 | |
| Industrials | 6.80 | |
| Aerospace & Defence | 5.70 | |
| Mineral Extraction | 4.70 | |
| Transport | 3.50 | |
| Healthcare & Medical Products | 3.30 | |
| Retailers - General | 3.30 |
Geographic Breakdown (% of assets)
| UK |
82.80
|
|---|---|
| International |
11.10
|
| Money Market |
5.90
|
Results
Edinburgh Investment Trust Directors
Next AGM
Our next Annual General Meeting is on 21 July 2022, and you can add the date to your calendar through the link below. Further information will appear closer to the time.
Dividend timetable
| 1st interim payable | November |
|---|---|
| 2nd interim payable | February |
| 3rd interim payable | May |
| 4th interim payable | July |
Contacts and how to invest in the Edinburgh Investment Trust
The Company’s shares are quoted on the London Stock Exchange. There are a variety of ways by which investors can buy the shares. Shares may be purchased through discretionary wealth managers, banks, independent financial advisers and via a large number of execution-only trading platforms.
If you hold your shares direct and not through a Savings Scheme or ISA and have queries relating to your shareholding, you should contact the Registrars, Link Group.
If you wish to contact members of the Edinburgh Investment Trust Board then please get in touch with the Company Secretary at Sanne Fund Services.
Link Group
Sanne Fund Services (UK) Limited
Shareholders can also access their holding details via Link’s website: www.signalshares.com.
Link Group provide an on-line and telephone share dealing service to existing shareholders who are not seeking advice on buying or selling. This service is available at:
ww2.linkgroup.eu/share-deal or 0371 664 0445.
Calls are charged at the standard geographic rate and will vary by provider. From outside the UK please call +44 371 664 0445. Calls outside the UK will be charged at the applicable international rate. Lines are open from 09:00 – 17:30, Monday to Friday excluding public holidays in England and Wales.
Link Group is the business name of Link Market Services Limited.
Investment Manager Enquiries
Please contact us on +44 (0)20 7412 1700.
Key Risks
Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested.
The portfolio may invest in smaller companies. These stocks may be less liquid and the price swings greater than those in, for example, larger companies. The Company borrows money to invest in the stock market within prescribed limits with the aim of enhancing returns. The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall. The Company may invest in derivatives. The use of derivatives may create leverage or gearing. A relatively small movement in the value of a derivative's underlying investment may have a larger impact, positive or negative, on the value of the company than if the underlying investment was held instead.
Disclaimer
This is a marketing communication. Before making an investment, you should read the relevant Articles of Association and Key Investor Information Document (KIID), which provide full product details including investment charges and risks. These documents can be obtained, free of charge, from www.liontrust.co.uk or direct from Liontrust. If you are not a professional investor please consult a regulated financial adviser regarding the suitability of such an investment for you and your personal circumstances.
This should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. Examples of stocks are provided for general information only to demonstrate our investment philosophy. It contains information and analysis that is believed to be accurate at the time of publication, but is subject to change without notice. Whilst care has been taken in compiling the content of this document, no representation or warranty, express or implied, is made by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified. It should not be copied, forwarded, reproduced, divulged or otherwise distributed in any form whether by way of fax, email, oral or otherwise, in whole or in part without the express and prior written consent of Liontrust. Always research your own investments and if you are not a professional investor please consult a regulated financial adviser regarding the suitability of such an investment for you and your personal circumstances.