Northern 3 VCT (Ordinary Share) NTN

VCT Generalist

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Estimated NAV

97.00

Share Price

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Northern 3 VCT (Ordinary Share) Price 42.98%
Northern 3 VCT (Ordinary Share) NAV 30.93%
FTSE SmallCap (ex Inv Cos) 49.93%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 91.0 -5.8% 97.00 96.00
30 Sep
100% 2.20%

Discrete performance % over

Fund / BenchmarkFeb '15
Jan '16
Feb '16
Jan '17
Feb '17
Jan '18
Northern 3 VCT (Ordinary Share) Price18.1619.501.26
Northern 3 VCT (Ordinary Share) NAV10.8416.141.72
FTSE SmallCap (ex Inv Cos)8.9118.9615.72

Discrete performance over

Discrete Performance

Top 10 Holdings

Volumatic 4.09%
Buoyant Upholstery 3.95%
IDOX plc 3.81%
Biological Preparations Group 3.81%
MSQ Partners 3.53%
Silverwing 3.39%
Wear Inns 3.10%
Control Risks 3.10%
Closerstill Holdings 2.96%
Agilitas Holdings 2.82%

Sectors weighting

Unlisted Equities 55.50%
Business Services 32.70%
Information Technology 31.70%
Net Current Assets 29.10%
Consumer Goods 19.80%
General Equity 12.00%
Healthcare 8.50%
General Industrials 7.30%
Fixed Interest 3.40%
  • Investment trust info:

  • Sector VCT Generalist
  • Launch Date 17 Dec 2001
  • Currency GBX
  • Domicile UK
  • Share Price N/A
  • Share Type Ordinary Share
  • TIDM NTN
  • ISIN GB0031152027
  • Shares Issued (M) 89
  • Market Capital (£M) 81.42
  • Gross Assets (£M) 86.40
  • Net Assets (£M) 86.40
  • TER (%) 2.63
  • Historic Dividend Yield (%) 2.20
  • Last AGM 14 Jul 2017
  • Next AGM 14 Jul 2018
  • Last Annual Report Date 19 Jun 2017
  • Next due Report Date 31 Mar 2018
  • Next due Report Type A/R
  • Objective:

    Invests mainly in unquoted venture capital holdings and aims to provide high long-term tax-free returns to shareholders through a combination of dividend yield and capital growth.

  • Management Group(s):

  • NVM Private Equity LLP
  • NVM Private Equity Ltd
  • Managed by:

  • Tim Levett Start: 20 Dec 2001
  • Management Contract & Fees:

    NVM Private Equity Limited receives a basic management fee, payable quarterly in advance, at the rate of 2.06% p.a. of net assets calculated half-yearly as at 31-Mar and 30-Sep. NVM bears the cost of Sarasin & Partners fees for managing the listed fixed-interest portfolio. A fee of £45,000 is payable for the provision of administrative and secretarial services to the Company. Performance fee payable equivalent to 14.2% of the amount, if any, by which the total return in each financial year (expressed as a percentage of opening NAV) exceeds a performance hurdle. The hurdle is a composite rate based on 7% on average long-term investments and base rate on average cash and near-cash investments during the year. Following a period in which net assets decline, a high water mark will apply to the calculation of the performance-related fee but will be then adjusted downwards to the extent that a positive return is achieved in the following financial year. The performance-related management fee is subject to an overall cap of 2.25% of net assets. The total running costs of the company, excluding performance fees, are capped at 3.5% of its net assets. Any excess will be refunded by way of a reduction in NVMs fees.