The Monks Investment Trust PLC
MNKS.L
London Stock Exchange1,440.00
GBp
+2.00
(-0.87%)
The Monks Investment Trust PLC
MNKS.L
(London Stock Exchange)
Recent
price
1,440.00
P/E
ratio
5.12
div
yld
- -
ROIC.AI
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- Business
- The Monks Investment Trust PLC (MNKS.L) is a United Kingdom-based closed-ended investment trust that seeks long-term capital growth ahead of income by investing principally in a concentrated portfolio of 70 to 200 global quoted equities, with a current holding of around 105 stocks spanning growth categories including stalwarts, rapid growth, and cyclical growth companies; these encompass sectors such as technology, industrials, consumer discretionary, financials, health care, energy, basic materials, consumer staples, real estate, and telecommunications, with geographic exposure primarily to North America (61.7%), followed by Europe, the UK, Japan, Developed Asia, and emerging markets, including limited unlisted investments up to 10% via vehicles like the Schiehallion Fund. Managed by Baillie Gifford & Co Limited since its founding in 1929 and headquartered at c/o Computershare Investor Services Plc, Moor House, 120 London Wall, London EC2Y 5ET, the trust employs gearing of around 8% and benchmarks against the FTSE World Index, with an ongoing annual charge of 0.43% for the year to 30 April 2025. Recent developments include intensified share buyback activity, repurchasing approximately 19 million shares for £268 million in the six months to 31 October 2025 to narrow the net asset value discount from 10.1% to 5.9%, alongside ongoing portfolio adjustments such as additions of Uber Technologies, Enphase Energy, ON Semiconductor, and Kokusai Electric Corporation, sales of Moderna, Chewy, Yeti, and Norwegian Cruise Line Holdings, the appointment of Helen Xiong as deputy manager in July 2024 and Michael Taylor's expanded role in 2025 with Spencer Adair's planned retirement on 31 March 2026, and continued management by Spencer Adair and Malcolm MacColl as joint senior partners at Baillie Gifford.