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Investment trust
ARRAurora UK Alpha plc
Managed by Phoenix Asset Management Partners LimitedGary Channon
Latest factsheet
30 Sept 2026
vs asset value
11.2% discount
We seek to achieve long-term returns by investing in predominantly UK-listed equities using a value-based philosophy inspired by the teachings of Warren Buffett, Charlie Munger, Benjamin Graham and Phillip Fisher. Our approach, combined with thorough research, invests in high quality businesses run by honest and competent management purchased at prices that, even with low expectations, aim to deliver excellent returns.
11.2% discount — the shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 2.53 · asset value per share 2.85 (GBP)
Cumulative performance
| Period | Trust | FTSE All-Share |
|---|---|---|
| YTD | +55.90% | +49.10% |
| YTD | -5.50% | -9.70% |
| YTD | +19.10% | +18.30% |
| YTD | -17.40% | +0.30% |
| YTD | +33.20% | +7.90% |
| YTD | -3.60% | +9.50% |
| YTD | +16.50% | +23.90% |
| YTD | -3.20% | +9.80% |
| YTD | +110.00% | +157.00% |
Top holdings · top 8: 77.20%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Frasers Group | 19.20% | |
| 2 | Barratt Redrow | 17.70% | |
| 3 | Castelnau Group Ltd | 15.40% | |
| 4 | Ryanair | 10.90% | |
| 5 | Lloyds Banking Group | 7.80% | |
| 6 | Nintendo | 3.00% | |
| 7 | Others <3% | 23.80% | |
| 8 | Cash & Cash Equivalents | 2.20% |
Key facts
- Stock market ticker
- ARR
- ISIN
- GB0000633262
- Benchmark
- FTSE All-Share
- Currency
- GBP
- Domiciled in
- United Kingdom
- Launched
- 13 Mar 1997
- Market value of shares
- £266.0m
- Performance fee
- 33.33%
What the manager said
In September, the NAV was down 1.2% for the month, while the FTSE All-Share (including dividends) was down 1.9%. The only material price move for the month was a 10% fall for Nintendo.
Source factsheets
| Date | Published by the trust |
|---|---|
| 30 Sept 2026 | View original factsheet ↗ |
| 31 Aug 2026 | View original factsheet ↗ |
| 31 Jul 2026 | View original factsheet ↗ |
| 30 Jun 2026 | View original factsheet ↗ |
| 30 Apr 2026 | View original factsheet ↗ |
| 31 Mar 2026 | View original factsheet ↗ |