Investor Summary

Sebastian Lyon is Troy's Chief Investment Officer and responsible for Troy's Multi-Asset Strategy. He is the Senior Fund Manager for the Trojan Fund and Investment Manager of Personal Assets Trust. Sebastian began his career in 1989 at Singer & Friedlander Investment Management, later joined Stanhope Investment Management in 1995, managing a £2 billion equity portfolio and asset allocation before establishing Troy in 2000. He holds a BSc in Politics from Southampton University, the ASIP qualification, and is an Associate Member of the CFA Society of the UK. Charlotte Yonge serves as Senior Fund Manager and Co-Manager of the Trojan Fund, joining as co-manager in April 2025. The management team demonstrates stability with strong alignment of interests due to ownership stakes.

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Fund Strategy

The Trojan Fund aims to protect investors' capital and grow its value in real terms over the long term through a multi-asset strategy. The fund combines cautious asset allocation with careful selection of high-quality companies, purchased at fair valuations. The Fund's emphasis on downside risk management and high-quality securities aim to deliver strong risk-adjusted returns over the long-term. The investment objective is to seek to achieve growth in capital (net of fees), ahead of inflation (UK Retail Price Index), over the longer term (5 to 7 years). The fund invests globally across diverse asset classes including government and public securities, corporate bonds, equities, private equity, precious metals, cash equivalents, and deposits.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
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