The Merchants Trust Plc (MRCH)

Category UK Large-Cap Equity
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This investment trust can be held in an Investment ISA, SIPP and Investment Account
Some Investment Trusts include direct costs as part of their Ongoing charge, such as the annual management charge. For those that show ongoing charges as 0% or a dash please review the investment literature for details on the charges that will apply.

If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.
Sell

596.00p

Buy

599.00p

arrow-down-2.00p (-0.33%)

Discount/Premium

-6.63%

Estimated NAV

638.308p

Prices updated at 02 Apr 2026, 16:47 BST
| Prices minimum 15 mins delay
|
Prices in GBX
Investment objective
To provide an above average level of income and income growth together with long-term capital growth through a policy of investing mainly in higher yielding UK companies. The Company aims to achieve the objective through a strategy of investing in a portfolio of mainly higher yielding large UK companies and by using appropriate gearing to enhance returns. This strategy is designed for those investors who require a single investment in a diversified and professionally managed portfolio.
FTSE All-Share
arrow-up0.59%
LSE
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 31/01/2026

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Top 10 holdings

1
Lloyds Banking Group PLC
Sector
-
Country
United Kingdom
% of assets
6.80571
2
GSK PLC
Sector
-
Country
United Kingdom
% of assets
4.96948
3
Rio Tinto PLC Ordinary Shares
Sector
-
Country
United Kingdom
% of assets
4.08611
4
British American Tobacco PLC
Sector
-
Country
United Kingdom
% of assets
3.96984
5
Shell PLC
Sector
-
Country
United Kingdom
% of assets
3.84043
6
Barclays PLC
Sector
-
Country
United Kingdom
% of assets
3.25134
7
DCC PLC
Sector
-
Country
United Kingdom
% of assets
3.17471
8
Legal & General Group PLC
Sector
-
Country
United Kingdom
% of assets
3.16372
9
BP PLC
Sector
-
Country
United Kingdom
% of assets
3.09529
10
National Grid PLC
Sector
-
Country
United Kingdom
% of assets
3.05875
Assets in top 10 holdings %

39.42%

Total no. of equity holdings

58.00

Total no. of bond holdings

1.00

Stock sectors

The Merchants Trust Plc
UK Large-Cap Equity

50.10%

Basic materials

6.60%
-

Con cyclical

14.11%
-

Financial svs

21.53%
-

Real estate

7.86%
-

24.85%

Comm services

1.19%
-

Energy

12.43%
-

Industrials

11.24%
-

Technology

-
-

25.05%

Con defensive

13.14%
-

Healthcare

6.59%
-

Utilities

5.31%
-


Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.


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