Manager firm
Phoenix Asset Management Partners
Manager(s)
Gary Channon
Structure
investment_trust
AIC sector
UK All Companies
Domicile
United Kingdom
Base currency
GBP
Launched
1997-03-13
Latest factsheet
2026-04-30
Snapshot date
2025-08-31
Manager firm
Phoenix Asset Management Partners
Manager(s)
Gary Channon
Structure
investment_trust
AIC sector
UK All Companies
Domicile
United Kingdom
Base currency
GBP
Launched
1997-03-13
Latest factsheet
2026-04-30
Snapshot date
2025-08-31
Share price
244.00p
NAV / share
272.51p2026-07-23
Premium / discount
-10.46%
Fund size
—
OCF
—
Performance fee
33.33%
Gearing
—
Dividend yield
—
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| ytd | -5.5% | -9.7% | +4.2pp |
| ytd | 19.1% | 18.3% | +0.8pp |
| ytd | -17.4% | 0.3% | -17.7pp |
| ytd | 33.2% | 7.9% | +25.3pp |
| ytd | -3.6% | 9.5% | -13.1pp |
| ytd | 16.5% | 23.9% | -7.4pp |
| ytd | -13.0% | 5.2% | -18.2pp |
| ytd | 80.9% | 135.2% | -54.3pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Castelnau Group Ltd | — | — | 16.5% |
| 2 | Frasers Group | — | — | 16.5% |
| 3 | Barratt Redrow | — | — | 14.2% |
| 4 | Ryanair | — | — | 11.1% |
| 5 | Lloyds Banking Group | — | — | 8.2% |
| 6 | Burberry Group | — | — | 4.3% |
| 7 | Others <3% | — | — | 28.2% |
| 8 | Cash & Cash Equivalents | — | — | 1.0% |
| UK | 74.0% | |
| Ireland | 10.0% | |
| USA | 5.0% | |
| Japan | 4.0% | |
| Germany | 3.0% | |
| Cash near Cash | 2.0% | |
| Netherlands | 1.0% | |
| Spain | 1.0% | |
| France | 1.0% |
| Portfolio yield | 1.18% |
| Unlisted holdings | 3.00% |
| Cash & equivalents | 2.00% |
| Total assets | £306.4m |
| Revenue reserves | £0 |
| Net gearing | 0.00% |
| Gross gearing | 0.00% |
| Net cash | £0 |
| Gearing range (from) | 0.00% |
| Gearing range (to) | 20.00% |
| Shares in issue | 111,833,449 |
| Shares issued | 0 |
| Shares purchased | 939,630 |
| Treasury shares | 2,739,293 |
In April, the NAV remained unchanged for the month, while the FTSE All-Share (including dividends) was up 2.8%. Lloyds was up 10.6% in April; with Burberry and Frasers Group up 6.4% and 2.9% respectively. Ryanair fell 6.1% during the period.
| 2026-03-31 | PDF → |
Manager firm
Phoenix Asset Management Partners
Manager(s)
Gary Channon
Structure
investment_trust
AIC sector
UK All Companies
Domicile
United Kingdom
Base currency
GBP
Launched
1997-03-13
Latest factsheet
2026-04-30
Snapshot date
2025-08-31
Share price
244.00p
NAV / share
272.51p2026-07-23
Premium / discount
-10.46%
Fund size
—
OCF
—
Performance fee
33.33%
Gearing
—
Dividend yield
—
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| ytd | -5.5% | -9.7% | +4.2pp |
| ytd | 19.1% | 18.3% | +0.8pp |
| ytd | -17.4% | 0.3% | -17.7pp |
| ytd | 33.2% | 7.9% | +25.3pp |
| ytd | -3.6% | 9.5% | -13.1pp |
| ytd | 16.5% | 23.9% | -7.4pp |
| ytd | -13.0% | 5.2% | -18.2pp |
| ytd | 80.9% | 135.2% | -54.3pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Castelnau Group Ltd | — | — | 16.5% |
| 2 | Frasers Group | — | — | 16.5% |
| 3 | Barratt Redrow | — | — | 14.2% |
| 4 | Ryanair | — | — | 11.1% |
| 5 | Lloyds Banking Group | — | — | 8.2% |
| 6 | Burberry Group | — | — | 4.3% |
| 7 | Others <3% | — | — | 28.2% |
| 8 | Cash & Cash Equivalents | — | — | 1.0% |
| UK | 74.0% | |
| Ireland | 10.0% | |
| USA | 5.0% | |
| Japan | 4.0% | |
| Germany | 3.0% | |
| Cash near Cash | 2.0% | |
| Netherlands | 1.0% | |
| Spain | 1.0% | |
| France | 1.0% |
| Portfolio yield | 1.18% |
| Unlisted holdings | 3.00% |
| Cash & equivalents | 2.00% |
| Total assets | £306.4m |
| Revenue reserves | £0 |
| Net gearing | 0.00% |
| Gross gearing | 0.00% |
| Net cash | £0 |
| Gearing range (from) | 0.00% |
| Gearing range (to) | 20.00% |
| Shares in issue | 111,833,449 |
| Shares issued | 0 |
| Shares purchased | 939,630 |
| Treasury shares | 2,739,293 |
In April, the NAV remained unchanged for the month, while the FTSE All-Share (including dividends) was up 2.8%. Lloyds was up 10.6% in April; with Burberry and Frasers Group up 6.4% and 2.9% respectively. Ryanair fell 6.1% during the period.
| 2026-03-31 | PDF → |