Specialist UK Smaller Companies investor
ATY has confirmed a revision to the Asset Manager’s fee structure which underlines its intention to build upon a dividend track record stretching back over two decades. The new fee structure will mean that rewards for their asset manager will pivot solely upon fund performance, with no ongoing annual management fee.The fund has moved onto an external management structure. The investment mandate will continue to be executed by EC Pohl and Company, a top-rated Australian investment firm with over AUD3bn total funds under management as at end December 2024. This is in line with the fund management model for most investment trusts.
The Association of Investment Companies lists 26 investment trusts, ‘Dividend Heroes’, which consistently pay the highest yields. To make this list the trust must combine at least a 5% yield with a ten-year track record of positive total returns and have recorded no year-on-year dividend cuts. Athelney is the only specialist UK Smaller Companies fund which qualifies.
ATY currently yields 6.13% pa and targets annual growth in dividends, which currently stands at 21 consecutive years. The Trust has delivered average dividend growth of 3.98% pa over the last ten years.
Athelney Trust is an investment trust. The assets of Co. are allocated predominantly to companies with a market capitalization of less than £100.0 million with either a full listing on the London Stock Exchange or a trading facility on AIM. As of Dec 31 2017, Co.'s investment portfolio was valued at £5.97 million.
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