Temple Bar Investment Trust Investor Presentation April 2026

Why It Matters

The trust’s active share‑buy‑back and dividend‑capital strategy aim to sustain superior returns, making it a compelling vehicle for investors seeking long‑term growth amid market volatility.

Key Takeaways

• Trust tripled in value since November 2020 start.
• Dividend grew, partly paid from capital to boost yield.
• Board actively buys back shares, eliminating ~10% of float.
• 2025 outperformed UK market, driven by low‑valuation financials.
• Managers rotate holdings, targeting undervalued sectors amid volatility.

Summary

The Temple Bar Investment Trust’s April 2026 presentation reviewed five‑and‑a‑half years of stewardship by Redwheel, highlighting a tripling of net asset value since the November 2020 launch and a strong dividend trajectory, now partially funded from capital to lift yield. Key performance metrics show the market doubled while the trust’s value tripled, with dividend growth supported by robust corporate profits. The board has been proactive, using share buy‑backs to retire roughly 10% of the float and even paying a portion of the dividend from capital, nudging the yield up a full percentage point. Management cited 2025 as a standout year, delivering returns about ten points above the UK index, driven by low‑multiple financials that benefitted from rising interest rates and low loan losses. They also discussed a selective approach to underperformers, such as adding to WPP after assessing temporary setbacks, and detailed a systematic rotation out of over‑valued positions into undervalued opportunities like Dagio, Smith & Nephew, and Comcast. The outlook stresses disciplined capital recycling, acceptance of market volatility as the price of long‑run equity returns, and confidence that the trust remains well‑positioned to capture value in sectors offering attractive earnings yields. Investors are urged to stay diversified and focus on the trust’s active value‑enhancement strategy.

Original Description

Temple Bar is a well-established investment company, taking a value approach combined with deep fundamental analysis to offer something distinct to investors. The Trust is managed by Nick Purves and Ian lance of Redwheel , who have more than fifty years of investment experience between them and have been working as a partnership for over fifteen years.