Manager firm
WTW
Manager(s)
Craig Baker, Mark Davis, Stuart Gray
Structure
investment_trust
Domicile
United Kingdom
Base currency
GBP
Launched
1888-04-21
Latest factsheet
2026-03-31
⌘K
Manager firm
WTW
Manager(s)
Craig Baker, Mark Davis, Stuart Gray
Structure
investment_trust
Domicile
United Kingdom
Base currency
GBP
Launched
1888-04-21
Latest factsheet
2026-03-31
Share price
1296.00p
NAV / share
1337.20p2025-12-31
Premium / discount
-3.08%
Fund size
£4.82bn
OCF
0.47%
Performance fee
—
Gearing
6.60%
Dividend yield
2.40%
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| 1m | -6.9% | — | — |
| ytd | -6.2% | -1.3% | -4.9pp |
| 1y | -4.1% | -1.3% | -2.8pp |
| 3y | 5.7% | 17.5% | -11.8pp |
| 5y | 29.5% | 48.6% | -19.1pp |
| since_inception | 43.8% | 64.6% | -20.8pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Microsoft | — | — | 3.1% |
| 2 | Alphabet | — | — | 2.7% |
| 3 | Mastercard | — | — | 2.4% |
| 4 | Taiwan Semiconductor | — | — | 2.2% |
| 5 | Amazon | — | — | 2.2% |
| 6 | Visa | — | — | 1.5% |
| 7 | NVIDIA | — | — | 1.3% |
| 8 | TotalEnergies | — | — | 1.2% |
| 9 | Everest Group | — | — | 1.1% |
| 10 | SAP | — | — | 1.0% |
| 11 | UnitedHealth Group | — | — | 1.0% |
| 12 | Samsung Electronics | — | — | 1.0% |
| 13 | Progressive | — | — | 1.0% |
| 14 | Unilever | — | — | 1.0% |
| 15 | London Stock Exchange | — | — | 1.0% |
| 16 | Berkshire Hathaway | — | — | 0.9% |
| 17 | Cigna | — | — | 0.9% |
| 18 | Philip Morris Intl | — | — | 0.9% |
| 19 | Diageo | — | — | 0.9% |
| 20 | TD Synnex | — | — | 0.9% |
| Financials | 23.0% | |
| Information Technology | 17.3% | |
| Industrials | 13.5% | |
| Health Care | 10.3% | |
| Consumer Discretionary | 8.8% | |
| Communication Services | 8.0% | |
| Consumer Staples | 5.8% | |
| Energy | 4.4% | |
| Utilities | 3.2% | |
| Stock Picker Cash | 3.2% | |
| Materials | 2.5% | |
| Real Estate | 0.0% |
Global equity markets suffered a selloff in March, with escalating conflict in the Middle East triggering a surge in oil prices. Although stock markets remained relatively calm compared to previous crises, such as Covid or President Trump's tariff announcement on so-called Liberation Day, rising oil prices reignited fears of inflation, which might need to be countered by central banks increasing interest rates. Investors fretted that this could lead to a period of stagflation, where economic growth is weak and inflation high, although US employment figures published at the start of April suggested growth in the world's largest economy remained resilient for now. Meanwhile, some economists suggested that central banks may decide to look through a temporary increase in inflation if the conflict is short-lived.
Manager firm
WTW
Manager(s)
Craig Baker, Mark Davis, Stuart Gray
Structure
investment_trust
Domicile
United Kingdom
Base currency
GBP
Launched
1888-04-21
Latest factsheet
2026-03-31
Share price
1296.00p
NAV / share
1337.20p2025-12-31
Premium / discount
-3.08%
Fund size
£4.82bn
OCF
0.47%
Performance fee
—
Gearing
6.60%
Dividend yield
2.40%
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| 1m | -6.9% | — | — |
| ytd | -6.2% | -1.3% | -4.9pp |
| 1y | -4.1% | -1.3% | -2.8pp |
| 3y | 5.7% | 17.5% | -11.8pp |
| 5y | 29.5% | 48.6% | -19.1pp |
| since_inception | 43.8% | 64.6% | -20.8pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | Microsoft | — | — | 3.1% |
| 2 | Alphabet | — | — | 2.7% |
| 3 | Mastercard | — | — | 2.4% |
| 4 | Taiwan Semiconductor | — | — | 2.2% |
| 5 | Amazon | — | — | 2.2% |
| 6 | Visa | — | — | 1.5% |
| 7 | NVIDIA | — | — | 1.3% |
| 8 | TotalEnergies | — | — | 1.2% |
| 9 | Everest Group | — | — | 1.1% |
| 10 | SAP | — | — | 1.0% |
| 11 | UnitedHealth Group | — | — | 1.0% |
| 12 | Samsung Electronics | — | — | 1.0% |
| 13 | Progressive | — | — | 1.0% |
| 14 | Unilever | — | — | 1.0% |
| 15 | London Stock Exchange | — | — | 1.0% |
| 16 | Berkshire Hathaway | — | — | 0.9% |
| 17 | Cigna | — | — | 0.9% |
| 18 | Philip Morris Intl | — | — | 0.9% |
| 19 | Diageo | — | — | 0.9% |
| 20 | TD Synnex | — | — | 0.9% |
| Financials | 23.0% | |
| Information Technology | 17.3% | |
| Industrials | 13.5% | |
| Health Care | 10.3% | |
| Consumer Discretionary | 8.8% | |
| Communication Services | 8.0% | |
| Consumer Staples | 5.8% | |
| Energy | 4.4% | |
| Utilities | 3.2% | |
| Stock Picker Cash | 3.2% | |
| Materials | 2.5% | |
| Real Estate | 0.0% |
Global equity markets suffered a selloff in March, with escalating conflict in the Middle East triggering a surge in oil prices. Although stock markets remained relatively calm compared to previous crises, such as Covid or President Trump's tariff announcement on so-called Liberation Day, rising oil prices reignited fears of inflation, which might need to be countered by central banks increasing interest rates. Investors fretted that this could lead to a period of stagflation, where economic growth is weak and inflation high, although US employment figures published at the start of April suggested growth in the world's largest economy remained resilient for now. Meanwhile, some economists suggested that central banks may decide to look through a temporary increase in inflation if the conflict is short-lived.