Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.
Register
You're only seeing a fraction of our data

Registration is free and easy and gives you unlimited access to:

  • Over 15,000 full fund manager factsheets and career histories
  • Email updates covering the best performing fund managers
  • All the latest fund manager job moves
  • Investment analysis and our award winning editorial content
Register Sign in

Trojan

Ranked 4 out of 45 in - Absolute Return GBP over 36 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.

Objective

The investment objective of the Trojan Fund is to achieve growth in capital and income in real terms over the longer term. The policy is to invest substantially in UK and overseas equities and fixed interest securities but may also invest in collective investment schemes and money market instruments.

Showing fund performance in United Kingdom View performance globally
Citywire

For news and performance for funds and managers available



Performance

Absolute Return GBP over : 31/08/2013 - 31/08/2016
  • Rank 4/45 Total Return
  • Rank 35/45 Standard Deviation
  • Rank 13/45 Max Drawdown
Fund Name Currency Return
2 7IM Unconstrained C Acc GBP

24.8%
3 Windrush Inc GBP

23.2%
4 Trojan O Inc GBP

22.7%
5 MI Momentum Factor 5 A Acc GBP

22.4%
6 Rathbone Multi Asset Strategic Growth Inc GBP

21.7%
View full league table
Fund Name Currency Risk
33 Trojan Feeder O GBP Acc GBP

5.8
34 Windrush Inc GBP

5.8
35 Trojan O Inc GBP

5.9
35 CF Ruffer Total Return O Inc GBP

5.9
37 Elite CAM Balanced Discretionary Portfolio A Acc GBP

6.0
View full league table
Fund Name Currency Loss
11 Aberdeen Diversified Growth Z Acc GBP

-4.0%
12 Threadneedle Dynamic Real Return Z Acc GBP

-4.0%
13 Trojan O Inc GBP

-4.1%
14 Newton Real Return GBP Inc GBP

-4.1%
14 Standard Life Wealth Dvsfd Assets Ret Inc GBP

-4.1%
View full league table

Total Return

Quarterly Performance

to 30/06/2016 Annual Q1 Q2 Q3 Q4
2016 5.0% 4.6%
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

Breakdown

31/05/2016

Top 10 Holdings

Stock Size
GBP Cash 8.89
ETFS Gold Bullion Securities 8.03
US Treasury 0.125% 15-Jan-2022 6.28
United Kingdom 1.875% 22-Nov-2022 5.01
United Kingdom 0.000% 25-Apr-2016 4.69
United Kingdom 0.000% 25-Jul-2016 4.69
British American Tobacco PLC ORD 4.61
United Kingdom 0.125% 22-Mar-2024 4.53
United Kingdom 0.000% 31-May-2016 4.51
UBS AG (Edinburgh Branch) 8.000% 16-Apr-2020 4.38
31/03/2016

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date30/05/2001
  • Share Class size3,198Mn
  • Base currencyGBP
  • ISIN GB0034243732

Purchase Info

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

Charges

  • Annual management1.00%
  • Initial investment0

Related News

Citywire Selection: our 19 star fund picks

The Citywire Selection team outline their latest 'Star Pick' funds, covering all the major investment areas.

Woodford, Gait and Lyon among HL multi-manager fund’s first buys

CF Woodford Equity Income, Stewart Investors Asia Pacific Leaders and Troy Trojan are just some of the big-name funds featuring in Hargreaves Lansdown’s new multi-manager portfolio.

Q2 WM Outlook: how these readers are managing equity risks

Half of all wealth managers had moved to either explicitly or implicitly hedge their equity exposure at the beginning of Q2

Why Sebastian Lyon is sticking to his guns

The Trojan manager has poured cold water on any meaningful economic recovery taking place and is sticking to inflation-linked bonds and gold as key plays.

Gold plunges below $1,200 to hit three-year low

Gold has plunged to its lowest level in three years on signs US quantitative easing (QE) is drawing to close.

Investment Trust Insider: understanding Jupiter Second Split's self-inflicted wounds

Jupiter Second Split is one of my most disappointing investments - not because it is the worst performing but because I cannot see any light at the end of the tunnel

Troy’s Lyon: complacency is a major danger

Troy Asset Management’s Sebastian Lyon has warned the foundations supporting the equity bull-run have disappeared and there is ‘a whiff of panic’ to invest cash at any price.

Lyon: a 'little Ice Age' could be on its way

While Trojan and Personal Assets star Sebastian Lyon is convinced the developed world is headed for inflation, a mini 'ice age' of deflation could come first.

Lyon: potential China capital reserve collapse a game changer

The Tiger's capital account reserves once expanded at a rate of up to 50% a year, but AAA-rated Trojan star Sebastian Lyon is keeping a close eye on its recent contraction.

Fund of the Week: Trojan

Positive returns year in year out have led to many admirers, but with markets testing new highs, Sebastian Lyon is treading carefully.

...more...

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