Symbol: PNL

This security went ex-dividend on 06/12/2018. Pay date is 10/01/2019

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

Past Performance

  • 10th Dec 2013 to 10th Dec 201410.66%
  • 10th Dec 2014 to 10th Dec 20150.47%
  • 10th Dec 2015 to 10th Dec 201612.48%
  • 10th Dec 2016 to 10th Dec 20177.34%
  • 10th Dec 2017 to 10th Dec 2018-0.98%

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.
Gearing 100%
Performance Fee No
Ex-Dividend Date 6 Dec 2018
Dividend Pay Date 10 Jan 2019
Total Dividends - Year to Date560
Dividend Yield (%)1.4106

Net Asset Value (Nav)

Latest actual NAV 39,281.61
Latest actual NAV date 6/12/2018
NAV frequency Daily
Premium/Discount 1.07%

Part of our Foundation Fundlist Part of our Foundation Fundlist


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.


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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      -0.40% -0.65% 1.57% -0.98% 19.56% 32.92%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertanly 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 graphs shown are supplied by an external data provider and may contain data that appears to preced the introduction of the clean unit class for this fund. In such cases, historial 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.


      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.
      383,205 bytes PDF Document; last updated 31 Oct 2018
      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.
      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.
      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.
      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.
      101,880 bytes PDF Document; last updated 30 Nov 2017

      Management Team

      Sebastian Lyon has managed this fund for 9 years and 9 months.

      Sebastian Lyon Sebastian manages the Trojan Fund, Trojan Feeder Fund and is investment adviser to Personal Assets Trust. He established Troy Asset Management in 2000. Before establishing Troy Asset Management, Sebastian was a Director at Stanhope Investment Management (the management company for the GEC Pension Fund) where he jointly managed a £2 billion equity portfolio and was also responsible for asset allocation. He was previously employed by Singer & Friedlander Investment Management. Sebastian graduated from Southampton University in 1989. Sebastian is also a Treasurer of Childhood First.

      Manager Cumulative Performance v Peer Group

      Performance Graph


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

      Year Ending







      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







      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