Title: URL Source: https://is.gd/HzkRbw Published Time: Wed, 25 Jun 2025 09:46:27 GMT Markdown Content: # Company overview Objective Over the long term, the Company aims to achieve capital growth in excess of the FTSE World Index and dividend growth greater than inflation, as measured by the UK Consumer Prices Index (‘ CPI ’), by investing in companies listed throughout the world. Hi ghlights Since 1888 the Company has sought income and capital growth for shareholders with a globally diversified portfolio. # Company information NAV (cum income) 127.8p NAV (ex income) 126.9p Share price 115.2p Discount( -)/premium(+) -9.9% Yield 2. 3%Net gearing 5% Net cash - Total assets Net assets £1,438m £1,348m Market capitalisation £1,215m Total voting rights 1,054,719,233 Total number of holdings 100 Ongoing charges (year end 31 Oct 2024) 0.51% Benchmark FTSE World Index Source: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Please note that the total voting rights in the Company do not include shares held in Treasury. # THE BANKERS INVESTMENT TRUST PLC (BNKR) ISIN: GB00BN4NDR39 Factsheet - at 31 May 2025 Marketing Communication # Share price performance # (total return) Please note that the Company undertook a 'Share Split' of the ordinary Shares of 25p each into 10 Ordinary Shares of 2.5p each with effect from 1 March 2021. For more information please see the Company website. # Dividend history # (pence/share) Please note that this chart could include dividends that have been declared but not yet paid. 0 50 100 150 200 May 20 May 21 May 22 May 23 May 24 May 25 Price (rebased) Benchmark NAV (cum income) 0.0 0.5 1.0 1.5 2.0 2.5 3.0 04 06 08 10 12 14 16 18 20 22 24 Income Performance over (%) 6m 1y 3y 5y 10y Share price (Total return) 0.1 4.6 19.2 34.7 119.9 NAV (Total return) -1.1 3.5 23.1 49.0 137.8 Benchmark (Total return) -2.8 7.8 36.0 80.6 153.2 Relative NAV (Total return) 1. 7 -4.3 -12.9 -31.6 -15.4 Discrete year performance (%) Share price (total return) NAV (total return) 31/3/2024 to 31/3/2025 1.3 -0.6 31/3/2023 to 31/3/2024 13.4 16.4 31/3/2022 to 31/3/2023 -4.9 -0.4 31/3/2021 to 31/3/2022 -0.1 6.8 31/3/2020 to 31/3/2021 33.2 34.3 All performance, cumulative growth and annual growth data is sourced from Morningstar. Source: at 31/05/25. © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) 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. Past performance does not predict future returns. # Commentary at a glance Performance In the month under review the Company ’s NAV total return was 5.8% and the FTSE World Index total return was 5.0%. Contributors/detractors Stock selection in US equities and the technology sector, plus not holding emerging market equities, contributed positively. Stock selection in Asia Pacific ex Japan and healthcare detracted. Outlook Equities have recovered towards their highs for 2025 as confidence grows that trade deals will be struck with the US. Interest rate cuts in Europe are supporting growth in the region. References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned. Find out more Go to www.bankersinvestmenttrust.com How to invest Go to www.janushenderson.com/howtoinvest Please remember that past performance does not predict future returns. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested. Plea se refer to the glossary for the definition of share price total return. Key information Stock code BNKR AIC sector AIC Global Benchmark FTSE World Index Company type Conventional (Ords) Launch date 1888 Financial year 31 -Oct Dividend payment May, August, November, February Management fee 0.45% on net assets up to £750m. 0.40% on net assets between £750m and £1.5bn. 0.35% on net assets over £1.5bn Performance fee No (See Annual Report & Key Information Document for more information) Regional focus Global Fund manager appointment Alex Crooke 2003 Alex Crooke, ASIP Fund Manager Customer services 0800 832 832 How to invest Go to www.janushenderson.com/howtoinvest # THE BANKERS INVESTMENT TRUST PLC (BNKR) ISIN: GB00BN4NDR39 Factsheet - at 31 May 2025 Marketing Communication # Top 10 holdings (%) Microsoft 5.8 Broadcom 3.5 Alphabet 3.0 Amazon 2.9 Meta Platforms 2.5 Apple 2.4 KLA 2.1 American Express 2.1 Visa 2.0 JPMorgan Chase 2.0 References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its emplo yees, may have a position in the securities mentioned. # Sector breakdown (%) ##  Technology 30.4% ##  Industrials 18.4% ##  Financials 16.5% ##  Consumer Discretionary 12.6% ##  Health Care 8.6% ##  Consumer Staples 4.7% ##  Energy 2.8% ##  Real Estate 2.2% ##  Utilities 1.5% ##  Telecomms 1.3% ##  Basic Materials 1.0% The above sector breakdown may not add up to 100% due to rounding. # 10 year total return of £1,000 All performance, cumulative growth and annual growth data is sourced from Morningstar. Share price total return is calculated using mid -market share price with dividends reinvested. 0 500 1,000 1,500 2,000 2,500 3,000 May 15 May 17 May 19 May 21 May 23 May 25 Share price total return Benchmark # Geographical focus (%) #  North America 60.4% #  Europe Ex UK 14.8% #  Japan 11.3% #  Asia Pacific (Ex JP, Ex CN) 7.3% #  United Kingdom 5.9% #  China 0.2% # Premium/(discount) of share price # to NAV at fair value (%) -15 -10 -5 0 5 10 15 May 22 May 23 May 24 May 25 Please remember that past performance does not predict future returns. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested. Please refer to the glossary for the definition of share price total return. THE BANKERS INVESTMENT TRUST PLC (BNKR) ISIN: GB00BN4NDR39 Factsheet - at 31 May 2025 Marketing Communication # Glossary Discount/Premium The amount by which the price per share of an investment company is either lower (at a discount) or higher (at a premium) than the net asset value per share (cum income), expressed as a percentage of the net asset value per share. Gearing The effect of borrowing money for investment purposes (financial gearing). The amount a company can “gear ” is the amount it can borrow in order to invest. Gearing is used in the expectation that the returns on the investments bought will exceed the costs o f the borrowings that funded the purchase. This Company can also use synthetic gearing through derivatives and foreign exchange hedging and/or other non -fully funded instruments or techniques. Leverage The Company ’s leverage is the sum of financial gearin g and synthetic gearing. Details of the Company ’s leverage limits can be found in both the Key Information Document and Annual Report. Where a company utilises leverage, the profits and losses incurred by the company can be greater than those of a company that does not use leverage. Market capitalisation Share price multiplied by the number of shares in issue, excluding treasury shares, at month end. Shares typically priced mid -market at month -end closing. Net Asset Value (NAV) The total value of a Compan y's assets less its liabilities. NAV (Cum Income) The value of investments and cash, including current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at fair value). NAV (Ex Income) The value of investm ents and cash, excluding current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at fair value). NAV total return The theoretical total return on shareholders' funds per share reflecting the change in Net Asset Value (NAV) assuming that dividends paid to shareholders were reinvested at NAV at the time the shares were quoted ex -dividend. A way of measuring investment management performance of investment trusts which is not affected by movements in discounts /premiums. Net assets Total assets minus any liabilities such as bank loans or creditors. Net cash A company ’s net exposure to cash/cash equivalents expressed as a percentage of shareholders ’ funds, after any offset against its gearing. This is only shown for companies that have gearing in place. Net gearing A company ’s total assets (less cash/cash equ ivalents) divided by shareholders ’ funds expressed as a percentage. Ongoing charges The total expenses for the financial year (excluding performance fee), divided by the average daily net assets, multiplied by 100. Share price Closing mid -market share pr ice at month end. Share price total return The theoretical total return to the investor assuming that all dividends received were reinvested in the shares of the company at the time the shares were quoted ex -dividend. Transaction costs are not taken into account. Total assets Cum Income NAV multiplied by the number of shares, plus prior charges at fair value. Yield Calculated by dividing the current financial year's dividends per share (this will include prospective dividends) by the current price per share, then multiplying by 100 to arrive at a percentage figure. For a full list of terms please visit: https://www.janushenderson.com/en -gb/investor/glossary/ THE BANKERS INVESTMENT TRUST PLC (BNKR) ISIN: GB00BN4NDR39 Factsheet - at 31 May 2025 Marketing Communication Source for fund ratings/awards Overall Morningstar Rating™ is shown for an investment company achieving a rating of 4 or 5. Company specific risks - This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should c onsider carefully the proportion of their portfolio invested in this Company. - Active management techniques that have worked well in normal market conditions could prove ineffective or negative for perfor mance at other times. - The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet it s obligations to the Company. - Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your i nvestment may fall as a result. - The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses (or gains) may be higher or lower than those of the Company's assets. - Global portfolios may include some exposure to Emerging Markets, which tend to be less stable than more established markets. These markets can be affected by local political and economic conditions as well as variances in the reliability of trading systems, buying and selling practices and financial reporting standards. - Using derivatives exposes the Company to risks different from - and potentially greater than - the risks associated with investin g directly in securities. It may therefore result in additional loss, which could be significantly greater than the cost of t he derivative. - Where the Company invests in assets that are denominated in currencies other than the base currency, the currency exchange rate movements may cause the value of investments to fall as well as rise. - The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by th e Company can be greater than those of a Company that does not use gearing. - All or part of the Company's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital er osion over time. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yoursel f as to its suitability and the risks involved, you may wish to consult a financial adviser. This is a marketing communicatio n. Ple ase refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions. Past pe rformance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may n ot get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s particular circumstances an d may change if those circumstances or the law change. Nothing in this document is intended to or should be construed as advice. Th is document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. We may record telephone calls for our mutual protection, to improve customer service and for regulator y record keeping purposes. Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and serv ices are provided by Janus Henderson Investors International Limited (reg no. 3594615), Janus Henderson Investors UK Limited (reg. no. 906355), Janus Henderson Fund Management UK Limited (reg. no. 2678531), (each registered in England and Wales at 201 Bishops gate, London EC2M 3AE and regulated by the Financial Conduct Authority), Tabula Investment Management Limited (reg. no. 11286 661 at 10 Norwich Street, London, United Kingdom, EC4A 1BD and regulated by the Financial Conduct Authority) and Janus Hender son Investors Europe S.A. (reg no. B22848 at 78, Avenue de la Liberté, L -1930 Luxembourg, Luxembourg and regulated by the Commissio n de Surveillance du Secteur Financier). Janus Henderson is a trademark of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc