Manager firm
Tier One Capital Ltd
Structure
investment_trust
AIC sector
Property - Debt
Domicile
UK
Base currency
GBP
Launched
2017-01-24
Latest factsheet
2025-08-31
Snapshot date
2025-08-31
Manager firm
Tier One Capital Ltd
Structure
investment_trust
AIC sector
Property - Debt
Domicile
UK
Base currency
GBP
Launched
2017-01-24
Latest factsheet
2025-08-31
Snapshot date
2025-08-31
Share price
78.00p
NAV / share
77.48p2025-11-30
Premium / discount
+0.67%
Fund size
£19.48bn
OCF
0.00%
Performance fee
—
Gearing
29.81%
Dividend yield
5.13%
| Loans | 100.0% |
The first nine months of the financial year have seen the base rate decrease to 4.0% after a narrow vote to hold them at that level at the November 2025 meeting. Market consensus is that rates will continue to fall during 2026 with Capital Economics forecasting a drop to 3.0%. September 2025 inflation figure showed CPI at 3.8%, unchanged from July and August 2025. The Bank of England believe inflation has now peaked and will gradually fall back in 2026 before settling at the target 2% range in 2027. Year on year house prices are up by 1.9% across the country (Halifax House Price Index September 2025).
Manager firm
Tier One Capital Ltd
Structure
investment_trust
AIC sector
Property - Debt
Domicile
UK
Base currency
GBP
Launched
2017-01-24
Latest factsheet
2025-08-31
Snapshot date
2025-08-31
Share price
78.00p
NAV / share
77.48p2025-11-30
Premium / discount
+0.67%
Fund size
£19.48bn
OCF
0.00%
Performance fee
—
Gearing
29.81%
Dividend yield
5.13%
| Loans | 100.0% |
The first nine months of the financial year have seen the base rate decrease to 4.0% after a narrow vote to hold them at that level at the November 2025 meeting. Market consensus is that rates will continue to fall during 2026 with Capital Economics forecasting a drop to 3.0%. September 2025 inflation figure showed CPI at 3.8%, unchanged from July and August 2025. The Bank of England believe inflation has now peaked and will gradually fall back in 2026 before settling at the target 2% range in 2027. Year on year house prices are up by 1.9% across the country (Halifax House Price Index September 2025).