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AVI Global Trust Reports 1.7% NAV Return for Financial Year as September NAV Falls 2.6%

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AGTGBX 253.00 0.40%

AVI Global Trust PLC (LSE:AGT) reported a net asset value (NAV) total return of +1.7% for its financial year ended September 30, 2026. The result underperformed the investment trust's comparator benchmark, the MSCI AC World Index, which returned +18.3% over the same 12-month period. For the month of September alone, the fund's NAV declined -2.6%.

Performance during the financial year was weighed down significantly by large holdings in Vivendi SE and Chrysalis, which combined to detract 781 basis points from returns. In September, D'Ieteren was the largest single detractor, removing 63 basis points as its stock fell 9%. These losses offset solid regional gains elsewhere, including a +17% return from Japanese holdings and a +44% return from Korean holdings.

During September, the trust sold roughly two-thirds of its holding in Christian Dior SE after the controlling Arnault family announced plans for a cash buyout offer. Meanwhile, the fund highlighted its strategic position established in Bio-Rad Laboratories, Inc. earlier in the year. Looking ahead, AVI Global Trust PLC plans to publish its full annual report in November 2026 and host its annual general meeting on December 18, 2026.

Key points

  • AVI Global Trust PLC delivered a full-year NAV total return of +1.7% for the period ended September 30, 2026.
  • The benchmark MSCI AC World Index returned +18.3% over the same 12-month financial year.
  • Investments in Japan and Korea generated returns of +17% and +44%, while Vivendi and Chrysalis detracted 781 basis points combined.
  • The trust trimmed two-thirds of its position in Christian Dior SE following a buyout proposal from the controlling family.
  • The company will publish its full annual report in November 2026 ahead of its annual general meeting on December 18, 2026.

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Questions and answers

How did AVI Global Trust perform in its 2026 financial year?

AVI Global Trust PLC generated a NAV total return of +1.7% in British pounds for the financial year ended September 30, 2026, trailing the MSCI AC World Index benchmark return of +18.3%.

What were the main drivers of AVI Global Trust's performance?

Strong gains in Korean holdings (+44%) and Japanese holdings (+17%) were offset by significant detractions from Chrysalis and Vivendi SE, which combined to drag returns down by 781 basis points.

When is AVI Global Trust releasing its annual report and holding its AGM?

The trust will publish its full annual report in November 2026 and hold its annual general meeting on December 18, 2026.