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The Monks Investment Trust PLC (MNKS) |
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Legal Entity Identifier: 213800MRI1JTUKG5AF64 |
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Regulated Information Classification: Half Yearly Financial Report. |
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Results for the six months to 31 October 2021 |
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Over the six-month period, the Company produced a positive net asset value (NAV)* return of 6.5% compared to an increase of 8.9% for the FTSE World Index (in sterling), both in total return terms. The share price total return for the same period was -0.9%. The shares ended the period trading at a discount of 4.3% to the Company's NAV*. · The Monks Investment Trust seeks to build a diversified portfolio of global equities that is well placed to capture growth resulting from structural economic and societal changes. · There are an increasing number of technology-led or digitised companies which operate across the economic spectrum. · Innovation is speeding up and spreading across the economy – the Monks portfolio is well positioned to capture this growth. · Revenue earnings per share were 2.76p. No interim dividend is to be paid. · Since the current team took over management of Monks on 27 March 2015, the NAV* total return has been +202.0%, the share price total return +229.7% and the comparative index total return +126.3%. * With borrowings deducted at fair value.
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Past performance is not a guide to future performance. Total return information is sourced from Baillie Gifford/Refinitiv and relevant underlying index providers. See disclaimer at the end of this announcement. For a definition of terms see Glossary of Terms and Alternative Performance Measures at the end of this announcement. |
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The Monks Investment Trust PLC ('Monks') invests globally in order to achieve capital growth. This takes priority over income and dividends. Monks is managed by Baillie Gifford, an independent fund management group with over £340 billion under management and advice as at 3 December 2021.
Monks is a listed UK company. The value of its shares and any income from them can fall as well as rise and investors may not get back the amount invested. The Company is listed on the London Stock Exchange and is not authorised or regulated by the Financial Conduct Authority. You can find up to date performance information about Monks at www.monksinvestmenttrust.co.uk‡. Past performance is not a guide to future performance. See disclaimer at the end of this announcement.
‡ Neither the contents of the Managers' website nor the contents of any website accessible from hyperlinks on the Managers' website (or any other website) is incorporated into, or forms part of, this announcement.
7 December 2021
For further information please contact:
Jon Henry, Baillie Gifford & Co, Tel: 0131 275 2000
Mark Knight, Director, Four Communications, Tel: 0203 697 4200 or 07803 758810