1. Overview

    Monks Investment Trust aims for long-term capital growth which takes priority over income. This is pursued through applying a patient approach to investment, principally from a differentiated, actively managed global equity portfolio containing a diversified range of growth stocks.

    We are drawn to businesses addressing a particular ‘crisis’ in a novel manner which can help to reduce costs and/or produce a radically improved quality of service.

    Malcolm MacColl

    Performance & Portfolio

    Periodic Performance

    All figures to 31/03/2021

    1 Year

    3 Years

    5 Years

    10 Years

    Share Price 53.1%78.9%231.5%307.8%
    NAV 55.5%80.0%191.8%255.4%
    Index* 33.9%48.0%108.4%212.4%

    The value of your investment may go down as well as up, and you may not get back the amount you invested.

    NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years.

    *FTSE World TR.

    Performance source: Morningstar and relevant underlying index provider, total return.

    Please bear in mind that past performance is not a guide to future performance.


    Discrete Performance

    Annual Performance to 31 March each year

    31/03/2016
    31/03/2017

    31/03/2017
    31/03/2018

    31/03/2018
    31/03/2019

    31/03/2019
    31/03/2020

    31/03/2020
    31/03/2021

    Share Price 53.9%20.3%10.0%-2.9%66.9%
    NAV 37.3%15.0%10.1%-4.2%67.4%
    Index* 32.9%2.6%11.1%-6.0%39.9%

    The value of your investment may go down as well as up, and you may not get back the amount you invested.

    NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years.

    *FTSE World TR.

    Performance source: Morningstar and relevant underlying index provider, total return.

    Please bear in mind that past performance is not a guide to future performance.

    Performance - 30/04/2021

    The value of your investment may go down as well as up, and you may not get back the amount you invested.
    Comparative index data is limited to a 5 year period from the current date.
    The graph is rebased to 100.
    Please bear in mind that past performance is not a guide to future performance.

    Holdings - 30/04/2021

    Fund %
    1 The Schiehallion Fund Limited 3.7%
    2 Naspers 2.6%
    3 Amazon.com 2.3%
    4 Alphabet 1.9%
    5 Ryanair 1.8%
    6 Moody's 1.8%
    7 SEA Limited 1.8%
    8 Microsoft 1.8%
    9 Martin Marietta Materials 1.7%
    10 Prudential 1.7%
    Total 21.1%
    Active Share - 31/05/2021

    Relative to FTSE World Index. Source: Baillie Gifford & Co, FTSE.

    Geographical analysis of total assets - 30/04/2021

    Fund %

    • 1 United Kingdom 11.58
    • 2 Europe 10.53
    • 3 North America 49.66
    • 4 Japan 6.18
    • 5 Developed Asia 3.91
    • 6 Emerging Markets 14.95
    • 7 Net Liquid Assets 3.20
    • Total 100.0

    As the Fund invests in overseas securities, changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
    The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co.
    Please note that totals may not add due to rounding.

    Meet the Managers

    Charles Plowden - Manager

    Since the inception of Global Alpha in 2005, Mr. Plowden has been one of the three portfolio managers for the strategy. After becoming a Partner in 1988, he became Joint Senior Partner with overall responsibility for the investment departments in 2006. Mr. Plowden is also Chair of the Strategic Leadership Group. He joined Baillie Gifford in 1983 and was a portfolio manager in the UK Equity Team for over 20 years notably developing Baillie Gifford’s specialist UK capabilities, and was latterly head of the team. Charles graduated BA in Modern History from the University of Oxford in 1983.

    Mr. Plowden is expected to retire from the Manager and cease to serve as Portfolio Manager for the Fund effective on or about April 30, 2021.

    Spencer Adair - Manager

    Spencer joined Baillie Gifford in 2000 and is an Investment Manager in the Global Alpha Team. He became a Partner in 2013 and has also spent time working in the Fixed Income, Japanese, European and UK Equity Teams. Spencer graduated BSc in Medicine from the University of St Andrews in 1997, followed by two years of clinical training in Edinburgh.

    Malcolm MacColl - Deputy Manager

    Malcolm is an Investment Manager in the Global Alpha Team, having been involved with Global Alpha since the product’s inception in 2005. He became a Partner of the firm in 2011. Malcolm joined Baillie Gifford in 1999 and has spent time working in the UK Small Cap and North American Teams. He is a member of the UK Society of Investment Professionals. Malcolm graduated MA in Economics and History in 1998 and MLitt in Economics, Politics and Management in 1999, both from the University of St Andrews.

    Documents

    You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available). Please note that, due to current government restrictions, we have a limited number of staff in our office. As a result, if posting instructions to us, there may be a delay in processing these due to these current restrictions.

    To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.

    Disclaimers

    FTSE Disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE®" and “Russell®” are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.