Law Debenture's unique combination of a professional services business and a UK-focused portfolio with a strong value bias enabled it to navigate 2020 with relative ease. This trust was founded in 1889, making it one of the oldest in the UK, and it boasts a strong performance record over the last few decades plus a 42-year stretch of either maintaining or increasing its dividend.

If Law Debenture didn't exist, it seems highly unlikely that someone would try and create it from scratch. But this trust has proved its strength in recent years and seems to have a renewed sense of purpose since 201...