Manager firm
Phoenix Asset Management Partners
Manager(s)
Gary Channon
Structure
UK All Companies
AIC sector
UK All Companies
Domicile
United Kingdom
Base currency
GBP
Launched
1997-03-13
Latest factsheet
2026-07-31
Snapshot date
2025-08-31
Manager firm
Phoenix Asset Management Partners
Manager(s)
Gary Channon
Structure
UK All Companies
AIC sector
UK All Companies
Domicile
United Kingdom
Base currency
GBP
Launched
1997-03-13
Latest factsheet
2026-07-31
Snapshot date
2025-08-31
Share price
247.00p
NAV / share
279.22p2026-09-16
Premium / discount
-11.54%
Fund size
—
OCF
—
Performance fee
33.33%
Gearing
—
Dividend yield
—
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| ytd | 55.9% | 49.1% | +6.8pp |
| ytd | -5.5% | -9.7% | +4.2pp |
| ytd | 19.1% | 18.3% | +0.8pp |
| ytd | -17.4% | 0.3% | -17.7pp |
| ytd |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Frasers Group | — | — | 19.2% |
| 2 | Barratt Redrow | — | — | 15.6% |
| 3 | Castelnau Group Ltd | — | — | 15.2% |
| 4 | Ryanair | — | — | 11.2% |
| UK | 74.0% | |
| Ireland | 10.0% | |
| USA | 5.0% | |
| Japan | 4.0% | |
| Germany | 3.0% | |
| Cash near Cash | 2.0% | |
| Netherlands | 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% |
In July, the NAV was up 2.2% for the month, while the FTSE All-Share (including dividends) was up 3.7%. Significant moves of note during the month included Frasers Group & Burberry, which were up 12.7% and 11.8% respectively. Ryanair, which was down 11.3%, was the only material faller.
Manager firm
Phoenix Asset Management Partners
Manager(s)
Gary Channon
Structure
UK All Companies
AIC sector
UK All Companies
Domicile
United Kingdom
Base currency
GBP
Launched
1997-03-13
Latest factsheet
2026-07-31
Snapshot date
2025-08-31
Share price
247.00p
NAV / share
279.22p2026-09-16
Premium / discount
-11.54%
Fund size
—
OCF
—
Performance fee
33.33%
Gearing
—
Dividend yield
—
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| ytd | 55.9% | 49.1% | +6.8pp |
| ytd | -5.5% | -9.7% | +4.2pp |
| ytd | 19.1% | 18.3% | +0.8pp |
| ytd | -17.4% | 0.3% | -17.7pp |
| ytd |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Frasers Group | — | — | 19.2% |
| 2 | Barratt Redrow | — | — | 15.6% |
| 3 | Castelnau Group Ltd | — | — | 15.2% |
| 4 | Ryanair | — | — | 11.2% |
| UK | 74.0% | |
| Ireland | 10.0% | |
| USA | 5.0% | |
| Japan | 4.0% | |
| Germany | 3.0% | |
| Cash near Cash | 2.0% | |
| Netherlands | 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% |
In July, the NAV was up 2.2% for the month, while the FTSE All-Share (including dividends) was up 3.7%. Significant moves of note during the month included Frasers Group & Burberry, which were up 12.7% and 11.8% respectively. Ryanair, which was down 11.3%, was the only material faller.
| 33.2% |
| 7.9% |
| +25.3pp |
| ytd | -3.6% | 9.5% | -13.1pp |
| ytd | 16.5% | 23.9% | -7.4pp |
| ytd | -4.4% | 11.2% | -15.6pp |
| ytd | 107.4% | 160.2% | -52.8pp |
| 5 |
| Lloyds Banking Group |
| — |
| — |
| 8.7% |
| 6 | Others <3% | — | — | 28.9% |
| 7 | Cash & Cash Equivalents | — | — | 1.2% |
| Spain | 1.0% |
| France | 1.0% |
| 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 |
| 33.2% |
| 7.9% |
| +25.3pp |
| ytd | -3.6% | 9.5% | -13.1pp |
| ytd | 16.5% | 23.9% | -7.4pp |
| ytd | -4.4% | 11.2% | -15.6pp |
| ytd | 107.4% | 160.2% | -52.8pp |
| 5 |
| Lloyds Banking Group |
| — |
| — |
| 8.7% |
| 6 | Others <3% | — | — | 28.9% |
| 7 | Cash & Cash Equivalents | — | — | 1.2% |
| Spain | 1.0% |
| France | 1.0% |
| 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 |