Investment Trust
Merchants Trust Ord
A strong track record of dividend growth supported by revenue reserves.
Last Updated
16 December 2025
Assets Under Management
Premium Discount
/
1 Year Return
(Share/NAV)
/
5 Year Annualised Return
(Share/NAV)
Key Information
ISIN
GB0005800072
Inception Date
16 February 1889
Annual Reporting Charge
0.52%
Ongoing Cost
0.52%
Management Fee
0.35%
12 Month Yield
4.78%
Source: Morningstar
Past performance is not a reliable indicator of future results
Performance
Cumulative Performance (%)
| YTD | 1Mo | 3Mo | 1Yr | 3Yr Ann. | 5Yr Ann. | SI | |
|---|---|---|---|---|---|---|---|
| NAV Total Return | 1.01% | 2.38% | 8.91% | 15.38% | 6.44% | 10.58% | |
| Share Price Total Return | 0.24% | 2.91% | 7.48% | 19.13% | 8.50% | 10.30% | 8.79% |
As at last close. NAV Total Return with debt at par.
Portfolio
Type
| Equity | 90.62% | |
| Cash | 9.38% | |
| Bond | 0.00% |
Sectors
| Financial Services | 20.60% | |
| Consumer Cyclical | 14.15% | |
| Energy | 13.30% | |
| Consumer Defensive | 12.81% | |
| Industrials | 11.10% | |
| Real Estate | 7.62% | |
| Healthcare | 7.22% | |
| Basic Materials | 6.81% | |
| Utilities | 5.13% | |
| Other | 1.26% |
Countries
| United Kingdom | 92.07% | |
| France | 3.36% | |
| Germany | 1.68% | |
| Spain | 1.66% | |
| United States | 1.23% |
Top Holdings
| Name | Type | Weight |
|---|---|---|
| Lloyds Banking Group PLC | Equity | 6.44% |
| GSK PLC | Equity | 6.31% |
| British American Tobacco PLC | Equity | 4.29% |
| Rio Tinto PLC Ordinary Shares | Equity | 4.12% |
| Shell PLC | Equity | 4.10% |
| Barclays PLC | Equity | 3.65% |
| BP PLC | Equity | 3.55% |
| Cost Of Currency (Ca Cc99 912000000gbp | Cash Currency | 3.53% |
| DCC PLC | Equity | 3.23% |
| National Grid PLC | Equity | 3.04% |
As at 30 Nov 2025
