A L L I A N C E T R U S T P L C Annual General Meeting 23 April 2020 GREGOR STEWART CHAIRMAN
S I M P L I F I C A T I O N C O M P L E T E D • Mineral rights and virtually all private equity investments sold • Sale of Alliance Trust Savings completed • No Executive Directors • Global equity portfolio comprising 100% of net assets 2
2 0 1 9 P E R F O R M A N C E S U M M A R Y Total Shareholder Return (%) Net Asset Value Total Return (%) 95.1 100 90 90 76.6 76.2 80 76.2 80 70 70 60 60 50 50 38.1 39 40 32.6 40 32.6 27.1 28.9 25.5 30 25.5 23.1 30 24.3 21.7 21.7 20 20 10 10 0 0 1 Year Since 1 April 3 Years 5 Years 1 Year Since 1 April 3 Years 5 Years 2017 2017 MSCI ACWI Alliance Trust MSCI ACWI Alliance Trust Source: Morningstar and MSCI Inc. NAV Total Return based on NAV including income with debt at fair value and after Manager’s fees (including Willis Towers Watson’s fees). 3
H I G H L I G H T S • Reduced level of share buybacks • Reduced our Ongoing Charges Ratio to 0.64% from 0.65% last year. • Increased our ordinary dividend for the 53rd consecutive year. • Strengthened our approach to responsible investment with the appointment of Hermes EOS (Equity Ownership Services) 1 . • Met our target of having a Board where one third is female. 1 Known as EOS at Federated Hermes since 1 January 2020. 4
A L L I A N C E T R U S T P L C Annual General Meeting 23 April 2020 GREGOR STEWART CHAIRMAN
Recommend
More recommend
