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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. This information is updated only after the Company’s NAV has been announced so may not reflect the current NAV per share.
1097.1p
discount
Discount including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited. This information is updated only after the Company’s NAV has been announced so may not reflect the current discount.
6.1%
net yield
Annual dividend per share divided by share price. Source: BNYM Fund Services (Ireland) Limited
1.4%
total assets
All assets less liabilities, before deduction of all borrowings. Source: BNYM Fund Services (Ireland) Limited
£3718
Price and Net Asset Value per share
Premium / Discount
Investment Manager's report September's Commentary

 

For the month of September, the Company’s Total Shareholder Return and NAV Total Return were -2.0% and -2.5% respectively, while the MSCI All Country World Index (ACWI) returned -2.1%.

Over the month, Salesforce.com Inc was the biggest contributor, with an absolute return of 4.3%. The global leader in Consumer Relationship Management technology increased its revenue forecasts for the fiscal year 2022 and released an outlook for FY2023 which exceeded analyst expectations. This was mainly driven by the acquisition of Slack by Salesforce in July, which boosted revenues for the company. The biggest detractor from performance this month was Facebook, with an absolute return of -8.7%. Tech stocks fell sharply towards the end of the month due to concerns over rising Treasury yields, which also explains the other major detractors including Alphabet and Microsoft.

The Company’s position in SunCor Energy (a Canadian integrated energy company) was eliminated due to the decision to exclude stocks with significant exposure to tar sands and thermal coal from the portfolio to reduce ESG risks. In addition, the positions in the kitchen supplier Howden Joinery, and information provider IHS Markit were exited as they approached their fair value estimates. Furthermore, the position in the biotechnology company Illumina was exited due to concerns around growing competition, and potential Federal Trade Commission interventions in future acquisitions. A position in Heineken was initiated, as it is expected to deliver attractive growth over our longer-term investment horizon. The company benefits from two key secular trends – the increasing demand for premium brands and the growth of middle-class consumers in emerging markets.

At the beginning of September, the portfolio was rebalanced to reallocate 2.5% of capital away from the value managers following the significant value rally in the market, and towards the quality style.



 

 

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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.

More information