1. The Monks Investment Trust

    The Monks Investment Trust

  2. 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 29/02/2024

    1 Year

    3 Years

    5 Years

    10 Years

    Share Price 12.1%-18.9%36.3%185.3%
    NAV 16.2%-4.5%62.4%190.2%
    Index* 19.6%41.6%83.7%223.2%

    Performance figures appear in GBP. 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 December each year

    31/12/2018
    31/12/2019

    31/12/2019
    31/12/2020

    31/12/2020
    31/12/2021

    31/12/2021
    31/12/2022

    31/12/2022
    31/12/2023

    Share Price 32.4%42.1%1.2%-31.0%12.6%
    NAV 28.4%40.7%7.2%-23.4%13.0%
    Index* 22.8%12.7%22.1%-7.2%17.2%

    Performance figures appear in GBP. 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 - 29/02/2024

    Performance figures appear in GBP. 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 - 29/02/2024

    Fund %
    1 Meta Platforms 3.9%
    2 Martin Marietta Materials 3.7%
    3 Microsoft 3.7%
    4 Amazon.com 3.4%
    5 Elevance Health Inc. 3.1%
    6 CRH 2.8%
    7 Ryanair 2.8%
    8 Moody's 2.5%
    9 Reliance Industries 2.4%
    10 Service Corporation International 2.3%
    Total 30.6%
    Geographical analysis of total assets - 29/02/2024

    Fund %

    • 1 United Kingdom 3.83
    • 2 Europe 17.77
    • 3 North America 59.71
    • 4 Japan 3.98
    • 5 Developed Asia 3.18
    • 6 Emerging Markets 11.07
    • 7 Net Liquid Assets 0.47
    • Total 100.00

    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

    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 has been one of the firm’s Managing Partners since 2021, and has overall oversight for the investment department. He is also an Investment Manager in the Global Alpha Team. He joined Baillie Gifford in 1999 and spent his graduate rotation in the UK Small Cap Team before joining the North American Team. Malcolm has been a decision maker on the Global Alpha team since its inception in 2005, and this is his sole portfolio management responsibility. Malcolm became a partner in 2011. He is a member of the CFA Society of the UK. 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).

    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.

    Investment Intelligence

    Sustainability-related Disclosures

    PRIIPs Key Information Document

    Disclaimers

    FTSE Disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2024. 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.