What does Temple Bar Trust do?

Temple Bar Investment Trust Plc (TMPL) is a UK-listed investment trust established in 1926. Managed by Nick Purves and Ian Lance, the trust aims to deliver growth in income and capital, targeting a long-term total return that exceeds the FTSE All-Share Index. It primarily invests in a diverse portfolio of UK equities, focusing on FTSE 350 constituents while balancing larger companies with smaller and medium-sized ones. The trust holds around 36 equity positions and one bond, emphasizing a long-term investment philosophy centered on intrinsic value. As of late 2025/early 2026, Temple Bar reports net assets of approximately £1.14 billion and a market capitalization of around £1.17-1.18 billion. It has achieved a five-year total share price return of +94.7% and trades at a slight premium to NAV. The trust offers a 12-month yield of about 3.63-3.92%, paid quarterly, and has received a strong buy rating from analysts, highlighting its stability and growth potential.