# Brunner Investment Trust PLC (BUT)

**Page:** https://fundology.uk/fund/but · ISIN GB0001490001

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, BUT (Brunner Investment Trust PLC, ISIN GB0001490001) closed at £16.48 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by +48.1% (income paid out is not included), or +15.6% after UK CPIH inflation.

## Summary

Brunner Investment Trust PLC is an investment trust. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Latest close: **£16.48** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | BUT |
| ISIN | GB0001490001 |
| Category | Investment trusts |
| Type | Investment trust |
| Domicile | United Kingdom |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +19.59% | +15.36% | price only |
| 3 years | +61.57% | +45.97% | price only |
| 5 years | +48.13% | +15.63% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Brunner Investment Trust PLC in pounds (price only, income paid out not included): 2022 −8.1%, 2023 +17.6%, 2024 +18.8%, 2025 +0.5%; 2026 to 13/11/2026 +15.1%. Returns of Brunner Investment Trust PLC in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +8.2%; to 30/09/2025: +3.1%; to 30/09/2024: +32.1%; to 30/09/2023: +13.0%; to 30/09/2022: −7.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.1% | -15.9% | Price |
| 2023 | +17.6% | +13.0% | Price |
| 2024 | +18.8% | +14.7% | Price |
| 2025 | +0.5% | -3.0% | Price |
| 2026 to 13/11/2026 | +15.1% | +11.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.09% | -9.57% |
| 3 years | 15.11% | -19.46% |
| 5 years | 15.71% | -19.46% |

## Largest fall

Volatility of Brunner Investment Trust PLC in pounds, annualised from weekly returns to 13/11/2026: 12.1% over 1 year, 15.1% over 3 years, 15.7% over 5 years. Largest fall in the price of Brunner Investment Trust PLC since November 2021, in pounds: −19.5% from 06/12/2024 to 04/04/2025. The lowest 12-month return of Brunner Investment Trust PLC in pounds (price only, income paid out not included) since January 2021 was −10.7% (12 months to 23/09/2022); the highest was +46.0% (12 months to 25/10/2024). On 13/11/2026 the price of Brunner Investment Trust PLC was at its highest weekly close since November 2021, in pounds.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ISIN of BUT?**

The ISIN of BUT is GB0001490001. An ISIN identifies one exact share class of a fund; BUT is its ticker on the London Stock Exchange.

**What were BUT’s returns in each of the last five years?**

Calendar-year returns of BUT in pounds (price only, income paid out not included): 2022 −8.1%, 2023 +17.6%, 2024 +18.8%, 2025 +0.5%; 2026 to 13/11/2026 +15.1%. Past performance is not a guide to future returns.

**How has BUT done after inflation?**

Over the five years to 13/11/2026 BUT’s price changed by +48.1% (income paid out is not included), or +15.6% after UK CPIH inflation. Past performance is not a guide to future returns.

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.