The foundation of your portfolio
Please read the Investment Risks and Footnotes at the bottom of the page.
- Selecting stocks primarily from the UK with the aim of generating long term capital growth
- Working closely with company Boards to promote and support good governance
- Active, high conviction approach with the freedom to invest across the market-cap spectrum
The investment approach is one of active, valuation-focused stock picking. With a typical investment horizon of three years, and regular interaction with company management, the portfolio manager is unconstrained and the holdings in the trust can deviate meaningfully from the benchmark.
Valuation is key, with 35%-45% of AUM held in the top 10 holdings.
ESG: an area of both risk and opportunity?
As an area James has always thought about carefully, here he explains how he incorporates Environmental, Social, and Governance (ESG) principles in his investment process.Watch video
Standardised rolling 12-month performance (% growth)
|Ordinary Share Price||2.4||-5.2||11.6||-13.4||23.3|
|Net Asset Value||7.2||1.5||13.2||-14.8||23.8|
|FTSE All-Share Index||1.0||16.8||13.1||-9.5||19.2|
Past performance is not a guide to future returns. Ordinary share price performance figures have been calculated using daily closing prices with dividends reinvested. NAV performance figures have been calculated using daily NAV with dividends reinvested. The NAV used includes current period revenue and values debt at fair. The FTSE All-Share Index performance shown is total return. All performance figures are in sterling as at 31 December. Years stated above refer to the full calendar year. Standardised past performance figures are updated on a quarterly basis. Source: Morningstar.
If you are interested in investing in Investment Trusts, there are a variety of ways in which you can invest. How you do, is entirely up to you. For further details, simply click below.How do I invest?
Ordinary shares - KID
Annual financial report 2019
AGM proxy votes 2020
Kepler research report
Company announcements (View on Morningstar)
Shareholder letter on change of auditor
Schedule of matters reserved for the board
Keystone Investment Trust plc - notice of redemption 2020 stock
Keystone Investment Trust plc - notice of redemption 2023 bonds
Terms of reference
Audit committee terms of reference
Nomination committee terms of reference
The Company’s objective is to provide shareholders with long-term growth of capital, mainly from UK investments.
Further details of the Company's Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company's Annual Financial Report.
- Karen Brade (Chairman)
- William Kendall
- John Wood
- Ian Armfield
- Katrina Hart
- Shilla Pindoria (Company secretarial contact)
Should you wish to contact a member of the Board of Directors, please email the Company Secretary.
When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice explains how we use and protect your personal data.
- Total Assets: The value of all assets held, less current liabilities, including income for the current year.
- Dividend Yield: The total declared and prospective dividends for the current financial year, expressed as a percentage of the trust’s value calculated at the last close price. The yield is indicative only and is not guaranteed.
- Estimated NAV: The net asset value is the value of the company’s assets, less any liabilities.
- Discount: The amount, expressed as a percentage by which the share price is less than the net asset value per share. Premium: The amount, expressed as a percentage, by which the share price is more than the net asset value per share
- Figures are subject to rounding.
- The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
- When making an investment in an Investment Trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an Investment Trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares.
- The product uses derivatives for efficient portfolio management which may result in increased volatility in the NAV.
- The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
- The product invests in smaller companies which may result in a higher level of risk than a product that invests in larger companies. Securities of smaller companies may be subject to abrupt price movements and may be less liquid, which may mean they are not easy to buy or sell.
- Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. This marketing material is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.
- For more information on our products, please refer to the relevant Key Information Document (KID), Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. This information is available in the literature section.