{"id":9654,"date":"2022-06-28T09:50:37","date_gmt":"2022-06-28T09:50:37","guid":{"rendered":"https:\/\/www.taml.co.uk\/5\/funds\/trojan-ethical-fund-ireland\/"},"modified":"2026-03-25T01:11:14","modified_gmt":"2026-03-25T01:11:14","slug":"trojan-ethical-fund-ireland","status":"publish","type":"wpa_funds","link":"https:\/\/www.taml.co.uk\/5\/funds\/trojan-ethical-fund-ireland\/","title":{"rendered":"Trojan Ethical Fund (Ireland)"},"content":{"rendered":"
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Overview<\/h2>\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\n\t\t\t\t\tDownload Factsheet\t\t\t\t<\/a>\n\t\t\t\n\t\t\t\t\t\t\n\t\t<\/div>\n\t\t\n\t\t
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A multi-asset ethical fund that aims to protect investors\u2019 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.<\/p>\n

What does the Fund do?<\/strong><\/p>\n

Through a long-term, long-only approach, the Fund invests in a broad range of asset classes, in line with ethical exclusion criteria. We exclude certain equities, bonds and gold-related investments.<\/p>\n

View our ethical exclusion criteria<\/a><\/strong><\/p>\n

Why this Fund?<\/strong><\/p>\n

Aimed at investors who want an ethical multi-asset fund emphasising capital preservation and absolute returns. The Fund\u2019s 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\u2019s Responsible Investment & Stewardship Policy and also adheres to Troy\u2019s Climate Change Mitigation Policy, in accordance with article 8 of SFDR.<\/p>\n

View our SFDR disclosure<\/strong><\/a><\/p>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t

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The team<\/h3>\n\t\t\t\t\t\n\t\t\t\t\t
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Key facts<\/h2>\n\t\t<\/div>\n\t\t\n\t\t
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Fund Manager<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

Charlotte Yonge<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t

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Inception date<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

07\/10\/2020<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t

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Currency<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

Sterling
\r\nUS Dollar
\r\nEuro
\r\nSingapore Dollar<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t

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Available share classes<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

X GBP Acc and Inc
\r\nX EUR Acc and Inc
\r\nX USD Acc and Inc
\r\nX SGD Acc and Inc<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t

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ISIN (X GBP Class)<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

IE00BMC49N98 (Acc)
\r\nIE00BMC49P13 (Inc)<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t

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Bloomberg (X GBP Class)<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

TROEXGA_ID (Acc)
\r\nTROEXGI_ID (Inc)<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t

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Ongoing Charges<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

\u2018X\u2019 (ordinary) shares: 1.00%<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t

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‘X’ ACC SHARE CLASS as at 16\/08\/2024<\/h3>\n\t\t\t\t\t

\u00a31.1537<\/p>\n\t\n\t\t\t\t<\/div>\n\n\t\t\t\t

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Fund size as at 31\/07\/2024<\/h3>\n\t\t\t\t\t\n\t\t\t\t\t

£17m<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t

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‘X’ INC SHARE CLASS as at 16\/08\/2024<\/h3>\n\t\t\t\t\t \n\t\t\t\t\t

\u00a31.1401<\/p>\n\t\t\t\t\n\t\t\t\t<\/div>\n\t\n\t\t\t<\/div>\n\n\t\t<\/div>\n\t\t\t\n\t<\/div>\n\n<\/div>\n\n

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Performance<\/h2>\n\t\t<\/div>\n\n\t\t
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Performance is calculated on a total return basis, net of fees, in sterling terms.<\/strong><\/p>\n

Source: Lipper, Waystone Management Company (IE) Limited.<\/p>\n

<\/th>07\/10\/2020<\/th>30\/04\/2021<\/th>30\/04\/2023<\/th>30\/04\/2025<\/th>31\/10\/2025<\/th><\/tr><\/thead>
<\/td>Since Launch<\/td>5 Year<\/td>3 Year<\/td>1 Year<\/td>6 Months<\/td><\/tr>
Bank of England Base Rate<\/td>18.4<\/td>18.4<\/td>15.1<\/td>4.1<\/td>2.0<\/td><\/tr>
UK Retail Price Index<\/td>39.8<\/td>36.6<\/td>10.4<\/td>2.3<\/td>1.0<\/td><\/tr>
Trojan Exclusions Fund X GBP Acc<\/td>30.5<\/td>26.6<\/td>21.3<\/td>6.9<\/td>0.4<\/td><\/tr>
Trojan Exclusions Fund X EUR Acc<\/td>19.5<\/td>16.4<\/td>14.8<\/td>4.6<\/td>-0.6<\/td><\/tr>
Trojan Exclusions Fund X USD Acc<\/td>31.1<\/td>27.2<\/td>21.2<\/td>6.8<\/td>0.4<\/td><\/tr><\/tbody><\/table><\/div>
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Discrete Calendar Annual Returns (%)<\/th>2020<\/th>2021<\/th>2022<\/th>2023<\/th>2024<\/th>2025<\/th>2026<\/th><\/tr><\/thead>
Trojan Exclusions Fund X GBP Acc<\/td>-0.8<\/td>10<\/td>-4.9<\/td>4.9<\/td>8.1<\/td>10<\/td>-0.1<\/td><\/tr>
Trojan Exclusions Fund X EUR Acc<\/td>-0.9<\/td>8.9<\/td>-6.5<\/td>3.2<\/td>6.4<\/td>7.6<\/td>-0.7<\/td><\/tr>
Trojan Exclusions Fund X USD Acc<\/td>-0.8<\/td>10.1<\/td>-4.6<\/td>5.2<\/td>8<\/td>9.9<\/td>-0.1<\/td><\/tr><\/tbody><\/table><\/div>
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Performance is calculated on a total return basis, net of fees, in sterling terms. Past performance is not a guide to future performance<\/strong><\/p>\n

Source: Lipper, Waystone Management Company (IE) Limited.<\/p>\n

Since Launch (06\/10\/2020) to 30 April 2026.<\/p>\n\t\t<\/div>\n\t\n\t\t\t\t<\/div>\n\t\n<\/div>\n\n

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Risk and Volatility since launch<\/h2>\n\t\t<\/div>\n\n\t\t
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Source: Lipper, Waystone Management Company (IE) Limited.<\/p>\n

Risk Analysis Since Launch (07\/10\/2020)<\/th>Trojan Exclusions Fund X GBP Acc<\/th><\/tr><\/thead>
Total Return<\/td>30.5<\/td><\/tr>
Max Drawdown<\/td>-7.2<\/td><\/tr>
Best Month<\/td>3.6<\/td><\/tr>
Worst Month<\/td>-3.6<\/td><\/tr>
Positive Months<\/td>68.2<\/td><\/tr>
Annualised Volatility<\/td>4.6<\/td><\/tr><\/tbody><\/table><\/div><\/p>\n

Performance is calculated on a total return basis, net of fees, in sterling terms.<\/strong><\/p>\n

Maximum Drawdown measures the worst investment period<\/p>\n

Annualised Volatility is measured by the annualised standard deviation of the monthly returns<\/p>\n

Source: Lipper, Waystone Management Company (IE) Limited.<\/p>\n

. As at 30 April 2026.<\/p>\n\t\t\t<\/div>\n\t\t\n\t\n<\/div>\n\n

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Asset allocation<\/h2>\n\t\t<\/div>\n\t\t\n\t\t
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Top 10 holdings (excluding government bonds)<\/th>Fund %<\/th><\/tr><\/thead>
Royal Mint Physical Gold<\/td>4.60824763686312<\/td><\/tr>
Invesco Gold ETC<\/td>4.01160528382029<\/td><\/tr>
Alphabet<\/td>3.6592777847403<\/td><\/tr>
Visa<\/td>3.43989476251155<\/td><\/tr>
Alcon<\/td>2.75653571276976<\/td><\/tr>
Agilent<\/td>2.39565026474317<\/td><\/tr>
L'Oreal<\/td>2.25620531467516<\/td><\/tr>
Hubbell<\/td>2.04072049804604<\/td><\/tr>
Experian<\/td>2.01682244210388<\/td><\/tr>
Nestle<\/td>1.97776236404917<\/td><\/tr>
Total Top 10<\/td>29.1627220643224<\/td><\/tr>
10 Other Equity holdings<\/td>13.3305144260523<\/td><\/tr>
UK Index-Linked<\/td>17.3132639426492<\/td><\/tr>
US TIPS<\/td>14.2464754582495<\/td><\/tr>
Short-dated Gilts<\/td>14.050546802445<\/td><\/tr>
Japanese Government Bonds<\/td>9.02675998486289<\/td><\/tr>
Cash<\/td>2.86971732141878<\/td><\/tr>
Total<\/td>100<\/td><\/tr><\/tbody><\/table><\/div><\/p>\n

Asset allocation and holdings subject to change. As at 30 April 2026.<\/p>\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\n\t\t\t<\/div>\n\t\n<\/div>\n\n

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Fund literature<\/h2>\n\t\t<\/div>\n\t\t\n\t\t
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Document name<\/th>\n\t\t\t\t\t\tDate<\/th>\n\t\t\t\t\t\tOpen\/download<\/th>\n\t\t\t\t\t\tArchived documents<\/th>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/thead>\n\t\t\t\t