Part of our Foundation Fundlist PERSONAL ASSETS TRUST ORD GBP12.50

Symbol: PNL

This security went ex-dividend on 07/03/2019. Pay date is 18/04/2019

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 22nd Mar 2014 to 22nd Mar 20155.88%
  • 22nd Mar 2015 to 22nd Mar 20167.07%
  • 22nd Mar 2016 to 22nd Mar 201711.83%
  • 22nd Mar 2017 to 22nd Mar 2018-2.48%
  • 22nd Mar 2018 to 22nd Mar 20195.43%

Key Information

Benchmark FTSE All Share
Sector IT Flexible Investment
AMC 0.75%
Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
0.8708%
Gearing 100%
Performance Fee No
Ex-Dividend Date 7 Mar 2019
Dividend Pay Date 18 Apr 2019
Total Dividends - Year to Date560
Dividend Yield (%)1.3776

Net Asset Value (Nav)

Latest actual NAV 39,804.31
Latest actual NAV date 20/03/2019
NAV frequency Daily
Premium/Discount 2.12%

Part of our Foundation Fundlist Part of our Foundation Fundlist
WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST?

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of £5,000 over 1 year assuming a net zero growth rate

Cost Category % of Investment £5000 lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
0.8708%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of 5% applies evenly throughout the year, before any charges including product charges

£5,000 lump sum invested with an assumed growth rate of 5% 1 year 5 years
What you might get back at 5% with no charges applied

What you might get back at 5% with no charges applied

These are the illustrative values of a £5,000 investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of £5,000 assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of £5,000 assuming a 5% growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of £5,000 assuming a 5% growth rate
What you might get back at 5% with charges applied

What you might get back at 5% with charges applied

These are the illustrative values of a £5,000 investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of 5%. Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

Personal Assets Trust PLC is a Scotland-based investment company. The Company is a self-managed investment trust. The Company will invest in equities and fixed income securities and it may also hold cash and cash equivalents, which include gold. The Company may also invest in other investment trusts. The Company's policy is not to invest over 20% of its total assets in other investment trusts and other listed investment companies. The Company may also make use of currency hedging. It invests in sectors, including tobacco, software, technology, insurance, beverages and personal products. The Company's subsidiary, PATAC Limited (PATAC), provides secretarial and administrative services to the Company and five other investment trust companies. PATAC also provides Alternative Investment Fund Manager (AIFM) and discount control services. Troy Asset Management Limited (Troy) is the investment advisor of the Company.

Financial Summary

BRIEF: For the six months ended 31 October 2018, Personal Assets Trust PLC revenues increased from £12.8M to £26.6M. Net income increased from £8.8M to £22.2M. Revenues reflect Net Loss - Fin. Instruments Fair Value increase from -£352K to £42.2M, Investment income increase of 33% to £9M, Other operating income increase of 25% to £527K. Dividend per share remained flat at £2.80.

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      1.60% 3.53% 2.09% 5.43% 14.98% 30.34%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
      FUND PROVIDER FACTSHEET
      365,704 bytes PDF Document; last updated 31 Jan 2019
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      74,172 bytes PDF Document; last updated 23 Nov 2018
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      591,850 bytes PDF Document; last updated 30 Apr 2018
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      140,407 bytes PDF Document; last updated 31 Oct 2018
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      101,880 bytes PDF Document; last updated 30 Nov 2017

      Management Team

      Sebastian Lyon has managed this fund for 10 years .

      Sebastian Lyon Sebastian is Troy’s Chief Investment Officer and is the Senior Fund Manager responsible for the Trojan Fund and 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.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      30/04/2018

      30/04/2017

      30/04/2016

      30/04/2015

      30/04/2014

      30/04/2013

      Total Revenue -4.79 72.89 44.89 43.33 -16.18 37.18
      Gross profit NIL NIL NIL NIL NIL 39.73
      Operating Profit/Loss -12.36 66.04 39.15 37.82 -21.45 32.12
      Profit Before Tax -12.36 66.04 39.15 37.82 -21.45 32.12
      Profit After Tax -13.34 65.35 38.56 37.24 -22.04 31.53
      Equity Holders of Parent Company -13.34 65.35 38.56 37.24 -22.04 31.53
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      30/04/2018

      30/04/2017

      30/04/2016

      30/04/2015

      30/04/2014

      30/04/2013

      Total Non-Current Assets 825.79 733.48 599.79 593.95 541.15 576.74
      Total Current Assets 42.38 50.64 42.14 24.17 48.84 17.69
      Total Assets 868.17 784.12 641.93 618.12 589.99 594.43
      Total Liabilities NIL NIL NIL NIL NIL NIL
      Total Net Assets NIL NIL NIL NIL NIL NIL
      Shareholders Funds 858.89 781.50 640.62 609.75 573.24 593.25
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity NIL NIL NIL NIL NIL NIL

      Investment involves risk. You may get back less than invested.