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Trojan Global Equity Fund

The investment objective of the Fund is to seek to achieve capital growth over the long term (at least 5 years). The Fund must invest globally and at least 80% of its assets in equities and equity-related securities.

In addition to the O share class referred to on this page, I & S Classes are also available. Please contact us for more information.

'O' Share Class Price 02/04/2020
Accumulation Shares
Income Shares
280.43p
Fund Size
£286M (29/02/20)

Past performance is not a guide to future performance.

February 2020

Your Fund returned -7.4% during the month compared to -5.5% for the MSCI World Index NR (£).

Since the start of the year the Fund is down -3.6% which compares to the Index -5.6%. Investors are reminded that the Fund is priced at mid-day (GMT) whereas the benchmark comparator takes end-of-day prices. This mismatch can lead to big divergences if, as was the case in February, stock markets are especially volatile on the last day of the month. Longer time periods continue to give a more valuable description of the Fund’s pattern of performance.

It is too early to tell the extent of the impact on the portfolio from the spread of coronavirus. No company will go unaffected. The most exposed are directly involved in the travel industry (e.g. Booking Holdings, American Express) or have sizeable businesses in China or other more heavily infected countries (e.g. Nestlé, Medtronic).

In aggregate, the Fund is deliberately invested in businesses that sell everyday essential products and services, all around the world. Additional insulation comes from their market leadership, strong cash generation and sound balance sheets.

With knowledge of the companies we want to own and the prices we are prepared to pay for them, these moments can give opportunities to upgrade the quality and long-term growth potential of the portfolio. We are not yet motivated to make wholesale changes. Existing holdings in Facebook and Mastercard were increased at the end of the month.

Source: Lipper, Link Fund Solutions Limited

 

Total Return 06/03/2006
Since Launch
28/02/2010
10 Years
28/02/2015
5 Years
28/02/2017
3 Years
28/02/2019
1 Year
31/08/2019
6 Months
Trojan Global Equity O Acc +269.4% +205.5% +75.2% +29.8% +12.8% -6.3%
IA Global TR +158.6% +141.2% +52.3% +18.0% +7.0% -4.1%
MSCI World NR GBP +198.2% +175.7% +61.0% +20.1% +9.0% -3.8%
Discrete Calendar Annual Returns (%) 2006 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Trojan Global Equity O Acc +20.2% -11.3% +18.4% +14.9% +6.2% +3.7% +14.4% +15.0% +12.3% +19.2% +13.2% +1.1% +24.6% -3.6%

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

Source: Lipper, Link Fund Solutions Limited. Since Launch (06/03/2006) to 29 February 2020.

Source: Lipper, Link Fund Solutions Limited

 

Risk Analysis Since Launch (06/03/2006) Trojan Global Equity O Acc IA Global TR MSCI World NR GBP
Total Return +269.4% +158.6% +198.2%
Max Drawdown -33.3% -38.3% -38.3%
Best Month +7.9% +9.3% +10.1%
Worst Month -9.4% -12.9% -10.6%
Positive Months +62.3% +62.9% +63.5%
Annualised Volatility +11.2% +13.3% +13.0%

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 standard deviation of annual returns. 

Source: Lipper, Link Fund Solutions Limited.  

Top 10 holdings Fund %
Microsoft 7.2
Alphabet 6.6
Medtronic 5.9
Visa 5.9
American Express 5.3
PayPal 5.0
Novartis 4.6
Roche Holding 4.2
Becton Dickinson 4.1
Experian 4.0
Total Top 10 52.8
21 other holdings 41.8
Cash & Equivalent 5.4
TOTAL 100.0

 

Past performance is not necessarily 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.

How to Invest

You may invest directly, via a broker or adviser, or through a number of online fund platforms.

How to Invest