We are investors, not traders, driven by fundamentals, not trends. We think in decades, not quarters and invest time to make confident, well-balanced compounding investments and build rewarding partnerships.
Caledonia is a FTSE 250 self-managed investment trust with a long track record of delivering consistent returns and progressive annual dividend payments to shareholders.
Highlights
Our long-standing philosophy of investing in high-quality, well-managed companies, with a truly long-term view, continues to serve us well.
All figures as at 31 March 2025.
£2.9bn
Net asset value (NAV)
3.3%
NAV per share total return
73.6p
Dividend per share
4.5%
Dividend growth
354.0p
Share price
10.2%
Total shareholder return
A message from our Chief Executive Officer
Caledonia has delivered another year of positive performance, with a long-term, disciplined investment approach continuing to prove its strength within a macroeconomic and geopolitical backdrop that remains highly volatile.
Mat Masters
Chief Executive Officer
Investments built to last
To ensure that we maintain a well-balanced, diversified portfolio, each of our investment pools has a strategic allocation range. At 31 March 2025, all of our investment pools were within their strategic allocation ranges.
as at 31 March 2025
How we create value
We invest in proven, well-managed businesses that combine long-term growth characteristics with an ability to deliver increasing levels of income. We are a self-managed investment trust and capitalise on our resources and relationships to identify opportunities to deliver long-term capital growth and dividends for our shareholders.
What sets us apart?
A unique set of strengths underpin our ability to execute and deliver on our investment model. Key to this is our deep expertise, disciplined approach and long-term perspective.
Our expert team
Our long-term approach
Permanent nature of our balance sheet
Our investment process
Careful portfolio construction and risk mitigation
Our reputation & network
How do we invest?
Our investment process is tailored to the nature and risk of each investment pool. All investments are approved by the central Investment Committee, with board approval required for investments and disposals over a defined threshold.
Who benefits?
Our stakeholders are the ultimate beneficiaries of our success. It is their interests that we consider and actively guide our decision making.
Our shareholders
Our people
Our portfolio companies and funds
Our suppliers
Our communities
Investment review
Each investment pool is managed by a specialist team investing in well managed businesses that combine
Mat MastersChief Executive Officer
long-term growth characteristics with, in many cases, an ability to deliver increasing levels of income.
Sustainability
Exploring how we manage our business, acting responsibly for our employees and wider stakeholders, and how we, as an investment company, approach our investment decisions responsibly, managing our investment portfolio both for today and the future.
