OUR PORTFOLIO

Stay up to date with the portfolio allocation, latest equity holdings and our quarterly market commentary.

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
815.2p
discount
Discount including income with debt at fair value. Source: BNYM Fund Services (Ireland) Limited
5.9%
net yield
Annual dividend per share divided by share price. Source: BNYM Fund Services (Ireland) Limited
1.7%
gross assets
Total income net asset value excluding prior charges. Source: BNYM Fund Services (Ireland) Limited
£2,955.5m
Portfolio allocation as at November 2017

By Asset

Source: BNY Mellon Fund Services (Ireland) Limited as at 30.11.17 

8. Includes private equity, mineral rights, funds, Liontrust Asset Management plc shares and other non-operating subsidiaries.
9. Cash quoted is centrally held cash. The equity portfolio may also hold cash as a result of trading by the underlying managers.

 

By Geography

Source: BNY Mellon Fund Services (Ireland) Limited and MSCI Inc as at 30.11.17 

 

By Sector

Source: BNY Mellon Fund Services (Ireland) Limited as at 30.11.17

Quarterly market commentary

The view from our Investment Manager, 30 September 2017

Global equity markets experienced a good quarter with all major markets posting strong returns in local terms. Declining unemployment rates across US, UK and Japan along with increasing consumer confidence across the regions continue to indicate a healthy global economy. Amidst this backdrop, central bankers around the world have indicated their desire to reduce gradually the level of monetary stimulus. The Federal Reserve had indicated that it wants to reduce the size of its balance sheet and increase interest rates with the Bank of England and European Central Bank echoing a similar sentiment.

Over the period since the new structure has been in place, the equity portfolio returned 5.7% – outperforming the MSCI ACWI by c.3.2%. It is pleasing to see that a majority of this outperformance can be attributed to stock selection, which indicates that the portfolio construction has allowed performance to be driven by managers’ stock picking capabilities and not swayed by any individual factor or regional bets.

Read our Investment Manager’s report for more on our portfolio’s performance over the past month.

Monthly Factsheet Quarterly Report Sign up for updates
Equity holdings As at 30 November 2017
Microsoft
45.6
1.7%
1.7%
UnitedHealth Group
44.3
1.6%
3.3%
Oracle
40.4
1.5%
4.8%
Alphabet
37.5
1.4%
6.2%
Charter Communications
36.6
1.3%
7.5%
Baidu - ADR
35.7
1.3%
8.8%
CVS Caremark
34.5
1.3%
10.1%
Western Union
32
1.2%
11.3%
Airbus
31.4
1.2%
12.4%
Ryanair
30.1
1.1%
13.5%
Sub Total Equities
£2568.5m
94.4%
Show All
OEICs As at 30 November 2017
Luxcellence Liontrust Sustainable Future Pan-European Equity Fund
81.8
3%
97.4%
Liontrust Sustainable Future Cautious Managed Fund
13.1
0.5%
97.9%
Liontrust Sustainable Future Defensive Managed Fund
12.7
0.5%
98.3%
Sub Total OEICS
£107.6m
98.3%
Show All
Other asset classes As at 30 November 2017
Cash
95
3.5%
108.6%
Private Equity
83.2
3.1%
101.4%
Operating Subsidiary
61.5
2.3%
103.7%
Other Non-Core Assets
39.2
1.4%
105.1%
Total Borrowings
-233.8
-8.6%
100%
Net Total
£2721.2m
100%
Show All
More from Alliance Trust