Watch the latest manager update video from Iain Pyle, manager of Shires Income. 

Iain shares an update on the trust's performance over the last year, highlighting NAV total return and share price total return. He also outlines the portfolio's sector allocation, noting that the financials, energy, and industrials sectors have the largest allocations. In terms of geographical allocation, the trust's overseas exposure has decreased to just two holdings, making up approximately 2.5% of the portfolio. He emphasises that the team's main focus remains on the UK, as they continue to see it as undervalued and a good source of income.

Watch below.