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Maven Income & Growth VCT 3 (Ordinary Share) MIG3

VCT Generalist

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Estimated NAV (p)

80.00

Share Price (p)

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Maven Income & Growth VCT 3 (Ordinary Share) Price 74.48%
Maven Income & Growth VCT 3 (Ordinary Share) NAV 27.14%
FTSE SmallCap (ex Inv Cos) 67.64%
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 75.5p -6.1% 80.00p 80.00p
28 Feb
100% 6.95%

Discrete performance % over

Fund / BenchmarkMay '11
Apr '12
May '12
Apr '13
May '13
Apr '14
Maven Income & Growth VCT 3 (Ordinary Share) Price46.3914.264.31
Maven Income & Growth VCT 3 (Ordinary Share) NAV12.358.404.39
FTSE SmallCap (ex Inv Cos)-1.0225.5034.95

Discrete performance over

Discrete Performance

Top 10 Holdings

Torridon Capital 7.72%
Nenplas Holdings Limited 6.21%
Maven Co-invest Exodus Limited Partner 5.87%
Ensco 969 Limited 5.54%
Steminic (Trading As Msis) 4.45%
Camwatch 4.03%
CatTech International Limited 4.01%
Intercede (Scotland) 1 3.39%
Cash Bases 3.25%
Lemac No. 1 Limited 3.25%

Sectors weighting

Support Services 23.40%
Oil & Gas 19.50%
Telecommunications 12.20%
Construction 9.20%
Insurance 7.90%
Chemicals 4.40%
Software & Services 3.30%
Automobiles 3.30%
Engineering 3.00%
Retail General 3.00%
Food Production 2.80%
Electronics 2.30%
Real Estate 2.30%
Household Goods 1.10%
Banking 0.80%
Media 0.70%
Finance - General 0.50%
Beverages 0.30%
  • Investment trust info:

  • Sector VCT Generalist
  • Launch Date 12 Dec 2001
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) N/A
  • Share Type Ordinary Share
  • TIDM MIG3
  • ISIN GB0031153769
  • Shares Issued (M) 35
  • Market Capital (£M) 26.58
  • Gross Assets (£M) 28.32
  • Net Assets (£M) 28.32
  • TER (%) 3.54
  • Historic Dividend Yield (%) 6.95
  • Next Dividend Date 07 May 2014
  • Next Dividend (p) 3.25
  • Last AGM 01 May 2013
  • Next AGM 30 Apr 2014
  • Last Annual Report Date 07 Mar 2014
  • Next due Report Date  
  • Next due Report Type I/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 PLC
  • Maven Capital Partners UK LLP
  • Maven Capital Partners UK LLP
  • Maven Capital Partners UK LLP
  • Managed by:

  • Bill 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 GBP93,000, 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 GBP1 (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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