Alliance Trust Savings: Change of Ownership
Please note that, as of 28 June, Alliance Trust Savings (ATS) is owned by Interactive Investor Limited. If you have any questions about the sale of ATS and what it means for you, please visit ATS’ website*. If you’d like to stay up to date with the Trust’s performance or any news, please sign up below.
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*The brand names ‘Alliance Trust Savings’, ‘ATS’, ‘AT Savings’ and the ‘Alliance Trust Savings’ logo which may appear on ATS’ website are owned by and used with the permission of Alliance Trust PLC, being the previous owner of ATS.

Price and Performance

Find out more about our performance, with the help of market commentary from our Investment Manager. 

Latest available values
share price
Share price information throughout the site is provided by Investis. Updated every 15 minutes
nav per share
Net Asset Value (NAV) per share including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited
927.8p
discount
Discount including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited
4.2%
net yield
Annual dividend per share divided by share price. Source: BNYM Fund Services (Ireland) Limited
1.6%
gross assets
Total income net asset value excluding prior charges. Source: BNYM Fund Services (Ireland) Limited
£2986.5
Price and Net Asset Value per share
Premium / Discount
Investment Manager's report October's Commentary

 

For the month of October, the Trust’s Total Shareholder Return and NAV Total Return were -1.1% and -1.7% respectively, outperforming the MSCI All Country World Index (ACWI) benchmark which returned -2.4%.

Alphabet was the largest contributor to the Trust’s portfolio over the month, delivering an absolute return of 10.6%. The company announced financial results for the third quarter in October, surpassing analyst’s expectations for both earnings and revenue growth. Tencent Holdings, a Chinese multinational technology conglomerate, was also a significant contributor to returns over the month, returning 14.6%. The company impressed investors with its robust growth across all segments, particularly in its cloud and gaming services, where revenue has been boosted by a shift to remote working and people spending more time at home during the pandemic. Mastercard was the most significant detractor from performance over the month, returning -14.2% as the company reported net income had fallen 28% from the previous year. Mastercard attributed the underwhelming performance to a cross-border transaction volume decline of 36% as many borders have remained shut due to the pandemic.

Within the Trust’s portfolio, a position in Alcon, a Swiss headquartered medical devices provider and leader in ophthalmology, was initiated in October. Approximately 90% of Alcon’s revenue is tied to recurring sales of medical consumables, and sales growth is driven by ageing population trends worldwide, as well as increasing penetration of healthcare services in emerging markets. The Trust’s position in chemical company Linde was sold to fund the purchase of Alcon.

Finally, we are excited to report that Dan Lascano of New-York based Lomas Capital joined the Trust’s line up of stock pickers in October. Lomas takes a thematic approach to stock selection, that seeks to identify economic and industry trends and, through bottom-up fundamental research, the companies that will benefit most from those trends. More information on Lomas Capital and what differentiates their approach can be found on the Alliance Trust website. Also in October, FPA’s Pierre Py and Greg Herr left to join a new firm and as such, FPA has been removed from the Alliance Trust portfolio.



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Our awards
AIC Dividend Hero

We have been awarded the Association of Investment Companies’ Dividend Hero award and are proud to have increased our dividend every year for over 50 years, making us one of just four investment trusts to achieve this*. For more information and a full list of qualifying companies, you can visit the AIC’s website. * As at 30 June 2020.

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