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Troy Trojan Global Income Class O - Accumulation

Sell:133.17p Buy:133.17p Change: 0.39p (0.29%)
Prices as at 6 July 2020
Sell:133.17p
Buy:133.17p
Change: 0.39p (0.29%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 6 July 2020
Sell:133.17p
Buy:133.17p
Change: 0.39p (0.29%)
Prices as at 6 July 2020
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

James Harries is focused on delivering growth in both income and capital over the long term. He's more concerned with growing investors' income sustainably over time rather than seeking higher but potentially unreliable yields. His emphasis on high-quality businesses means the fund could work well alongside 'value' funds investing in unloved companies. The fund's global reach could also make it a good option for adding international diversification to a portfolio.

Our view on the sector

Equity income funds are popular with investors. Most try to generate a rising income, and increase the value of your original investment, over the long term. The income can be paid out, or reinvested to boost long-term growth. Equity income funds have traditionally focused on the UK, and there's still a strong case for UK equity income. But there's a growing case for investing globally for income too. The number of companies outside the UK offering high and rising dividends has increased rapidly. And exposure to foreign currencies will boost returns if sterling weakens, like it did after the UK voted to leave the European Union in 2016, but the reverse is true if sterling strengthens.

Performance Analysis

The fund has performed strongly since it launched in November 2016. Harries' record goes back much further than that though. Looking at it from the end of 2005, our analysis suggests his performance has been driven mainly by investing in the right areas at the right time rather than his stock-picking, which has nonetheless been positive. Given his fairly conservative approach, Harries' best performance has been during falling markets, as his funds have usually held up much better, but they've normally lagged rising markets.

Investment Philosophy

Protecting investors' wealth is the most important thing to Harries. He believes that's the best starting point for growing wealth over the long term.

Process and Portfolio Construction

Harries focuses on large, financially robust companies, whose products and services are generally always in demand. He can look anywhere in the world to find them, but rarely looks among higher-risk emerging markets. He invests in a relatively small number of companies, so each stock has the potential to make a big impact on returns, but it's a higher-risk approach. Harries prefers to invest in companies for the long term. That means he usually owns them for many years, and doesn't tend to buy or sell much. Although an income fund, Harries is more focused on the fund's total return rather than income alone. He would sacrifice yield if he thought it would improve long-term returns.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

06/07/15 to 06/07/16 06/07/16 to 06/07/17 06/07/17 to 06/07/18 06/07/18 to 06/07/19 06/07/19 to 06/07/20
Annual return n/a n/a 2.67% 18.96% 3.70%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

manager photo
Manager Name: James Harries
Manager start date: 1 November 2016
Manager located in: London

James joined Troy in 2016 to establish the Trojan Global Income Fund He graduated from Bristol University in 1994 and spent a year at the Royal Military Academy Sandhurst. Following this he joined Newton Investment Management. He left Newton in 2004 having completed a Masters in Finance at the London Business School and spent a year at Veritas Asset Management before re-joining Newton. In 2005 he established the Newton Global Income fund, he was also the alternate manager on the Newton Real Return Fund.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account