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Maven Income & Growth VCT 3 (Ordinary Share) MIG3

VCT Generalist

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Estimated NAV

89.00

Share Price

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Maven Income & Growth VCT 3 (Ordinary Share) Price 33.02%
Maven Income & Growth VCT 3 (Ordinary Share) NAV 35.77%
FTSE SmallCap (ex Inv Cos) 22.14%
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 84.0 -5.9% 89.00 89.00
31 Aug
100% 2.98%

Discrete performance % over

Fund / BenchmarkJan '14
Dec '14
Jan '15
Dec '15
Jan '16
Dec '16
Maven Income & Growth VCT 3 (Ordinary Share) Price4.827.4818.07
Maven Income & Growth VCT 3 (Ordinary Share) NAV14.2611.746.34
FTSE SmallCap (ex Inv Cos)-0.9112.539.54

Discrete performance over

Discrete Performance

Top 10 Holdings

Torridon Capital 6.60%
Nenplas Holdings Limited 6.17%
Steminic (Trading As Msis) 5.96%
Maven Co-invest Exodus Limited Partner 5.53%
Cash Bases 5.11%
Lemac No. 1 Limited 3.30%
CatTech International Limited 2.87%
Ensco 969 Limited 2.77%
Westway Group, Inc. 2.77%
HCS Control Systems Group 2.45%

Sectors weighting

Unlisted Equities 82.10%
Support Services 24.90%
Energy 20.10%
UK Listed 11.10%
Insurance 10.10%
Construction 9.30%
Telecommunications 8.10%
Net Current Assets 6.00%
Automobiles 4.40%
General Industrials 4.00%
Electronics 3.70%
Real Estate 3.30%
Household Goods 2.50%
Software & Services 2.20%
Engineering 2.00%
Pharmaceuticals 1.90%
Chemicals 1.20%
Finance - General 1.10%
FTSE AIM equities 0.80%
Retail General 0.80%
Media 0.30%
Beverages 0.10%
  • Investment trust info:

  • Sector VCT Generalist
  • Launch Date 12 Dec 2001
  • Currency GBX
  • Domicile UK
  • Share Price N/A
  • Share Type Ordinary Share
  • TIDM MIG3
  • ISIN GB0031153769
  • Shares Issued (M) 41
  • Market Capital (£M) 34.38
  • Gross Assets (£M) 36.55
  • Net Assets (£M) 36.55
  • TER (%) 3.20
  • Historic Dividend Yield (%) 2.98
  • Last AGM 13 Apr 2016
  • Next AGM 13 Apr 2017
  • Last Annual Report Date 17 Mar 2016
  • Next due Report Date 30 Nov 2016
  • Next due Report Type A/R
  • Objective:

  • To invest in a diversified portfolio of later-stage UK private companies to provide long-term capital appreciation and generate maintainable levels of income for shareholders.
  • Management Group(s):

  • Aberdeen Asset Management
  • Aberdeen Asset Management
  • Maven Capital Partners UK LLP
  • Maven Capital Partners UK LLP
  • Maven Capital Partners UK LLP
  • Managed by:

  • William Nixon Start: 10 Jun 2009
  • Management Contract & Fees:

    The Management Agreement will be for an initial period of four years. It may be terminated by either party giving to other not less than 12 months period notice in writing, such notice expiring on or at any time after the end of initial period. The Management Agreement will be terminated in certain other circumstances in which compensation may be due to the Manager. The Manager will receive from the Company a management fee of 2% per annum (plus VAT) in the period ending 30/11/03 and thereafter 2.5% per annum (plus VAT) of the total asset less adjusted current liabilities of the Company. The Manager will provide administrative services to the Company (including the provision of the Manager as secretary of the Company) and will receive an annual fee of £92,000, adjusted annually in line with the UK Retail Price Index, which will be payable monthly in advance. The management fee will be chargeable 20% against revenue and 80% against capital reserves. The administrative fee will be chargeable against revenue. Performance fee if the NAV per Share in a relevant period increases so that it exceeds £1 (less the value of any distributions paid to Shareholders from time to time) plus notional interest thereon at the rate of 8% p.a. (compounding annually), then the Managers will be entitled to an incentive fee equal in value to 20% of such excess. This incentive is in respect of the period to 30 November 2006 and for each subsequent year.

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