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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By clicking on the 'Visit ATS website' link above, you will be taken to a third party website.

*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.
1046.9p
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.
6.3%
net yield
Annual dividend per share divided by share price. Source: BNYM Fund Services (Ireland) Limited
1.5%
total assets
Total income net asset value excluding prior charges. Source: BNYM Fund Services (Ireland) Limited
£3615.4
Price and Net Asset Value per share
Premium / Discount
Investment Manager's report May's Commentary

 

For the month of May, the Company’s Total Shareholder Return and NAV Total Return were -1.1% and -0.4% respectively, while the MSCI All Country World Index (ACWI) benchmark returned -0.9%.

Over the month, the Company’s performance was primarily led by Adidas, delivering an absolute return of 16%. The German sporting goods company posted first quarter sales well above consensus early in the month triggering a rise in share price. Nutrien, the world’s largest provider of crop inputs and services, was also a leading contributor to return, posting 10% absolute return over the month. The basic materials stock benefited from an increase in demand for potash, an element used in fertilisers. In contrast to this, Amazon was the primary detractor over May, delivering an absolute return of -9%. After experiencing a tremendous boost over 2020 thanks to its pandemic tailwinds, the stock has traded sideways since late last year due to expectations that growth will slow over 2021.

Within the Company’s portfolio, the position in Berkshire Hathaway, an American multinational conglomerate, was trimmed. The stock price was up 25% since the start of the year. The managers’ assessment of intrinsic value has increased since then but not by as much as the share price. With a lower margin of safety, the position has been reduced. Elsewhere in the portfolio, the position in Alibaba was reduced, making room for more attractively valued growth opportunities in Disney and New Oriental Education (EDU). Disney is expected to see continued growth opportunities following the success of its Disney+ streaming service. Disney’s Parks and Movie businesses are also expected to rebound over the course of 2021 and 2022 following COVID-19 disruptions in 2020. For EDU, current regulatory uncertainty has created an attractive valuation opportunity. EDU is well-positioned to benefit from further industry consolidation driven by new regulations, given its strong brand, scale, and high-quality offerings.

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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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