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When investing in a UK Equity Income fund, do you buy income or accumulation shares?

Income shares
Accumulation shares


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Contact details

10 St Colme Street, Edinburgh, EH3 6AA
0131 225 9995 (Enquiries)

Fund managers

* Sebastian Lyon»03-Mar-2009 to Present
Ian Rushbrook»01-Jan-1990 to 10-Oct-2008

Investment objectives

To protect and increase the value of its shareholders funds over the long term and to achieve as high a total return as possible, avoiding any level of risk significantly greater than that of the FTSE All Share Index.

Key Information

Fund vs sector

  1y 3y
Position 17 / 36 31 / 35
Quartile 2 4

Fund ratings

FE Crown Rating: 1 FE
Crown Rating


  1y 3y
Volatility 6.76 7.18
Alpha -0.75 -3.31
Beta 0.53 0.49
Sharpe 0.00 0.00
InfoRatio -0.68 -1.24
R2 0.21 0.39
Quartiles:   1  2   3  4   help with ratios
vs. Global»


performance chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+2.6 +5.6 +40.9 -2.5 +5.5 +11.6 +19.7
  NAV +1.7+6.8+39.4-0.7 +5.7+11.4+17.2
  Global +2.4+31.7+61.3+24.1+3.7+2.1+19.9
Share Price
 SharePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf PERSONAL ASSETS TRUST PLC ORD 33980.00 (p) 30-Oct-2014 +.52 33823.99 33790.00
100 1.24 1.24
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
PERSONAL ASSETS TRUST PLC ORD UNIT LONDON 1250 1,728,000 587.35 n/a n/a company announcements
Share identifiers: TIDM: PNL; SEDOL: 0682754; ISIN: GB0006827546
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Gross assets£582.8m / $941.2m
Sector Global
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has Savings Plan Minimum: £ 500.0 Monthly
Annual accountsannual (Click to order)
Last report / accounts24-Jun-2014
Last AGM24-Jul-2014
Next AGMJuly 2013
Management contractPersonal Assets (PAT) is run by its Board. On 03-Mar-09, Troy Asset Management has been appointed as Investment Adviser to work alongside the executive team of PAT. The Advisory Contract is for an initial 1 year and a rolling 6 months thereafter. The fee is paid 50bps (0.5%) on first GBP100m of PATs shareholders funds; 62.5 bps (0.625%) on next GBP50m; 75 bps (0.75%) between GBP150m and GBP500m; and 62.5bps (0.625%) thereafter.
Borrowing limitn/a
Continuation / Wind-up provisionAlthough there is no wind-up date, any liquidation resolution would require a 75% approval vote by shareholders. The fund has the authority to make market purchases of up to 14.99% of the ordinary shares in issue and to hold Shares in Treasury for re-sale.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Global Equity n/a Global
Largest holdings, 31-Jul-2014
Holding (%) Rank Holding (%) Rank
Regional weightings, 31-Jul-2014
Region (%) Rank  
International 43.90 1 43.90% International
Money Market 23.90 2 23.90% Money Market
USA 16.80 3 16.80% USA
Gold Bullion, 10.70 4 10.70% Gold Bullion,
UK Index-Linked Gilts 4.70 5 4.70% UK Index-Linked Gilts

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

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strolli bolli Jun 06th, 2014 at 07:51 PM

I invested in PAT a couple of years ago in order to 'protect capital' - something which the trust has not achieved within that timespan....I'm down around 10%. Maybe just bad timing but next time I'll simply look to go into more flexible cash/money market.

analyser Oct 01st, 2013 at 02:33 PM

performance is poor. better trusts out there.


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Asset allocation

International Equities, 54.60%
54.6000% ofInternational Equities
Money Market, 23.90%
23.9000% ofMoney Market
US Equities, 16.80%
16.8000% ofUS Equities
UK Equities, 4.70%
4.7000% ofUK Equities

Sector analysis


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