Athelney Trust PLC. is a United Kingdom-based closed-ended investment trust. The investment objective of the Trust is to provide shareholders with prospects of long-term capital growth with the risks inherent in small capital investment minimized through a wide spread of holdings over various industries and sectors. The investment strategy employed by the Fund Manager in meeting the investment objective focuses on active stock selection. The selection of individual holdings is based on analysis of, amongst other things, market positioning, competitive advantage, financial strength and cash flows. The weighting of individual investments reflects the Managers' conviction in those holdings and their aggregate views on asset allocation, including between UK and overseas equities, corporate bonds, cash and gearing.