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Ranked 34 out of 56 in - Absolute Return GBP over 12 months
All calculations are in GBP unless stated

Managed by

Sebastian Lyon

Born in London and educated at Charterhouse, Sebastian Lyon graduated from the University of Southampton in 1989 gaining an honours degree in Politics and International Relations. Sebastian started out in fund management in the same year, taking up a graduate trainee role at Singer & Friedlander, before promotion to the post of assistant pension fund manager during his three year spell with the company. During this period, Sebastian continued his studies picking up both a City Financial Diploma and becoming a TSA Registered Rep. The remainder of the 1990s saw Sebastian holding posts with MGAM & Stanhope Investment Management during which time he also became an Associate of the IIMR. Sebastian left Stanhope in 2000 to set up Troy Asset Management where he is currently CEO and Investment Director as well as being lead manager for the Trojan fund. He describes the investment approach for this fund as cautious, targeting absolute returns with a bias towards value investments. Sebastian’s recreational activities centre on outdoor sport with golf and tennis featuring in his interests outside of work.


The fund aims to provide capital and income growth over the long term. The fund invests in the shares of UK and overseas companies, government and corporate debt securities. Assets which provide exposure to gold may also be held. The fund has the discretion to invest in a range of investments as described above with no need to adhere to a particular benchmark. The fund has no specific target market, asset class or geographic sector.

Showing fund performance in United Kingdom View performance globally


Absolute Return GBP over : 31/08/2016 - 31/08/2017
  • Rank 34/56 Total Return
  • Rank 45/56 Standard Deviation
  • Rank 44/56 Max Drawdown
Fund Name Currency Loss
42 Trojan Feeder O GBP Acc GBP


42 Investec UK Total Return A Acc Net GBP GBP


44 Trojan O Inc GBP


45 Baring Multi Asset A GBP Inc GBP


46 UBS Targeted Return B Acc

Currency exposure is hedged

Currency exposure is hedged



Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 3.3% 0.1%
2016 12.3% 5.0% 4.6% 2.7% -0.4%
2015 3.2% 1.7% -2.2% -0.2% 4.0%
2014 9.0% 2.5% 2.3% 0.3% 3.6%
2013 -3.1% 5.9% -6.7% -0.6% -1.3%
2012 2.2% 0.9% 0.8% 3.4% -2.8%
2011 8.7% -0.2% 3.5% 2.1% 3.0%
2010 14.6% 4.8% -0.5% 5.6% 4.0%
2009 11.9% -6.7% 0.4% 14.1% 4.7%
2008 1.4% -6.5% -0.8% -0.7% 10.0%
2007 6.4% 2.1% 1.8% 0.0% 2.4%
2006 12.3% 2.5% -0.6% 4.9% 5.1%
2005 16.3% 2.5% 4.1% 4.9% 3.9%
2004 10.8% 0.8% 0.0% 2.6% 7.1%
2003 15.8% -1.7% 10.9% 1.0% 5.1%
2002 4.3% 3.2% -1.6% 0.3% 2.4%
2001 -0.3% 0.7%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
US Treasury 0.125% 15-Jan-2022 8.11
ETFS Gold Bullion Securities 6.95
United Kingdom 0.000% 22-May-2017 5.49
United Kingdom 0.000% 24-Jul-2017 4.94
British American Tobacco PLC ORD 4.26
United Kingdom 0.000% 02-May-2017 4.12
United Kingdom 1.875% 22-Nov-2022 4.10
United Kingdom 0.000% 30-May-2017 3.98
United Kingdom 0.125% 22-Mar-2024 3.81
Philip Morris International Inc ORD 3.51

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date30/05/2001
  • Share Class size4,302Mn
  • Base currencyGBP
  • ISIN GB0034243732

Purchase Info

  • Min. initial investment250,000
  • Min. regular additional investment10,000


  • Annual management1.00%
  • Initial investment0

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).