Cumulative performance (%)
Discrete performance (%)
Temple Bar’s long-term track record of dividend growth came to an end due to the Covid dislocation of 2020, shortly before Redwheel were appointed to manage the portfolio.
Although we live in an inherently uncertain world, the Portfolio Managers expect that today’s combination of low starting valuations and improving confidence will enable the company to pay an attractive, growing dividend over the coming years.
Past performance should not be taken as a guide to the future and dividend growth is not guaranteed. The value of your shares in Temple Bar and the income from them can fall as well as rise and you may lose money.
This Trust may not be appropriate for investors who plan to withdraw their money within the short to medium term. A portion (60%) of the Trust’s management and financing expenses are charged to its capital account rather than to its income, which has the effect of increasing the Trust’s income (which may be taxable) whilst reducing its capital to an equivalent extent. This could constrain future capital and income growth. The effect of borrowings to finance the Trust’s investments is to magnify the volatility of its price and potential capital gains and losses. We recommend that you seek independent financial advice to ensure this Trust is suitable for your investment needs.
Indices are shown for illustrative purposes only, are unmanaged and do not take into account market conditions or the costs associated with investing. Further, the manager’s strategy may deploy investment techniques and instruments not used to generate index performance. For this reason, the performance of the manager and the indices are not directly comparable.